Community Development Trust invests to preserve affordable housing in rural California

Housing has become a hot topic among impact investors (have a listen to ImpactAlpha’s podcast, “Sustainable Housing: What’s the Impact When Private Equity Moves In?”).

A $16 million deal between CDT and Southport Financial Services will preserve three buildings in Yuba County north of Sacramento and keep them affordable for families earning less than 50 percent of the area’s median income.

California faces an extreme shortage of affordable housing; families in the state pay $50 billion more for housing than they can afford, according to McKinsey.

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