New housing impact investment funds from Bridges, Canyon

Private equity funds moved aggressively into housing in the aftermath of the mortgage crisis. Now, some investors are seeking to make sure their impact is positive. UK-based Bridges Ventures is expanding its urban revitalization and social impact strategy to the US with a $25 million “UrbanView” fund; it has already acquired a mixed-income residential building in Atlanta. Canyon Partners Real Estate in Los Angeles, along with CIT Bank, will invest $90 million in workforce housing across Southern California. A quarter of all renters spend more than 50 percent of their income on housing.

Photo credit: Curbed Atlanta

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