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