affordable-housing
Photo by SDS Capital Group.
real estate impact | February 14, 2024
SDS Capital deploys private equity to finance permanent housing for homeless Californians
ImpactAlpha, February 14 — California has the largest homeless population in the US with over 180,000 people living in shelters, tents, cars, under …
Photo by Breno Assis on Unsplash
Impact Investing | January 31, 2024
Investing at the intersection of affordable housing and climate resilience
The cost of addressing the challenges facing humanity today dwarfs the amount of money the world is putting into them. Climate change, accelerating …
Photo by Conscious Investment Management.
Inclusive Economy | November 30, 2023
Conscious Investment Management secures A$50 million for social and affordable housing in Australia
ImpactAlpha, November 30 — Conscious Investment Management, a New South Wales-based impact fund manager, is seeking A$200 million ($132.4 million) for its second …
Photo by Ascent Housing.
Dealflow | August 14, 2023
Truist adds $15 million for naturally occurring affordable housing in Charlotte
ImpactAlpha, August 14 — The Housing Impact Fund, managed by Ascent Housing, has raised $67 million to create and preserve 1,200 units of …
Photo by Blokable.
Dealflow | April 11, 2023
Blokable scores $5.5 million to build affordable modular housing units
ImpactAlpha, April 11 — New housing stock is needed to alleviate the U.S. housing affordability crisis. Sacramento-based Blokable has raised $5.5 million for …
Signals | February 6, 2023
Four ways impact investors are supporting economic mobility for Black Americans
ImpactAlpha, February 6 — The median Black household in the U.S. has one-tenth the wealth of the median white household. Over the next …
New York City
Return on Inclusion | October 27, 2022
Trinity Church Wall Street commits $20 million to MSquared’s New York affordable housing fund
ImpactAlpha, October 27 — Women-owned real estate impact firm MSquared is aiming to tackle the U.S. affordable housing crisis at the intersection of …
A view of Maverick Square in East Boston shows the divide between old and new. / Photo by Bob O’Connor.
Place-Based Investing | October 18, 2022
East Boston Community Development establishes a neighborhood trust to preserve affordable housing
ImpactAlpha, October 18 — In cities like Atlanta, Los Angeles, Portland and Tulsa, local organizations are working with the nonprofit Trust Neighborhoods to …
Martin Muoto | Photo by SoLa Impact.
Return on Inclusion | June 15, 2022
SoLa Impact affordable housing fund secures $15 million from Equitable
ImpactAlpha, June 15 — Financial services giant Equitable is investing $15 million in L.A.-based SoLa Impact’s Black Impact Fund, which invests in affordable …
Photo by Kaiser Permanente.
Investing in Health | April 20, 2022
Kaiser Permanente allocates another $200 million to affordable housing for health
ImpactAlpha, April 20 — Oakland-based Kaiser Permanente is topping up the $200 million Thriving Communities Fund it launched in 2018 to respond to …
Photo credit: CoStar Group.
affordable-housing | March 28, 2022
Comunidad Partners raises $300 million for social housing
ImpactAlpha, March 28 — Austin-based Comunidad Partners has raised $300 million in equity commitments from U.S. pension funds, university endowments, foundations and family …
Martin Muoto | Photo credit: SoLa Impact.
affordable-housing | March 2, 2022
CalSTRS invests $50 million in SoLa Impact for affordable housing in Black and brown communities
ImpactAlpha, Mar 2 — The California State Teachers’ Retirement System is backing L.A.-based SoLa Impact to invest in affordable housing in Black and …
Photo by Getty Images.
affordable-housing | February 3, 2022
Citi issues $2.5 billion bond to preserve affordable housing
ImpactAlpha, February 3 — Proceeds from the bond will finance the construction, rehabilitation and preservation of affordable housing properties for low- and moderate-income …
Photo credit: Jesse Costa/WBUR.
affordable-housing | November 3, 2021
Lincoln Avenue Capital acquires majority stake in Housing Partnership Equity Trust
ImpactAlpha, November 3 — Los Angeles-based affordable housing developer, Lincoln Avenue Capital, has secured most of the common equity in the real estate …
Photo credit: Mario Tama/Getty Images.
Dealflow | November 1, 2021
Citi issues $1 billion social finance bond for emerging markets
ImpactAlpha, November 1 — Citi has issued a $1 billion bond to advance social impact in emerging markets. Proceeds from the bond will …
Photo credit: Al Bello/Getty Images.
Dealflow | August 17, 2021
IMPACT Community Capital raises $210 million to preserve U.S. affordable housing
ImpactAlpha, August 17 — Federal affordability restrictions on more than 123,000 housing units expire this year; hundreds of thousands more expire over the …
iStock/izusek.
affordable-housing | July 15, 2021
Enterprise Community Partners’ racial equity bond raises $30 million
ImpactAlpha, July 15 — Minneapolis-based U.S. Bank purchased the first $10 million for the bond, the first to be issued by a community …
Photo by Scott Webb on Unsplash
affordable-housing | July 1, 2021
Enterprise Community Partners closes $229 million affordable and workforce housing equity fund
ImpactAlpha, July 1 – The $229 million Enterprise Preservation Fund seeks to acquire and preserve $800 million in existing affordable and workforce rental …
Photo Credit: Volunteers of America.
affordable-housing | April 28, 2021
Volunteers of America raises $6 million for health-based affordable housing fund
ImpactAlpha, April 28 — Volunteers of America National Services, the housing and healthcare arm of nonprofit Volunteers of America, is raising $25 million to …
PC: Harvard School of Design.
affordable-housing | April 13, 2021
IFC backs FHipo to help Mexican families secure financing for affordable housing
ImpactAlpha, April 14 — Green projects and e-mortgages could help tackle Mexico’s severe affordable housing shortage, create jobs and accelerate economic recovery, according …
affordable-housing | March 1, 2021
Washington, D.C. workforce housing fund closes at $114.5 million
ImpactAlpha, March 1 — The D.C. city government has a goal to add 36,000 new housing units by 2025. At least 12,000 of …
Dealflow | January 13, 2021
Morgan Stanley invests $100 million in Lafayette Square to support housing, jobs, and financial inclusion
ImpactAlpha, January 13 — Black-run investment firm Lafayette Square invests in “communities that have been traditionally neglected by fiscal and monetary policy, not …
Dealflow | January 7, 2021
Morgan Stanley backs fund to acquire affordable housing in Atlanta
ImpactAlpha, January 7 — A quarter of American renters spend more than half of their income on housing. Morgan Stanley is investing $100 …
affordable-housing | December 9, 2020
Turner Impact Capital closes $357 million affordable workforce housing fund
ImpactAlpha, December 9 — As many as 40 million Americans could lose their apartments in coming months due to the impact of the …
affordable-housing | February 6, 2020
Turner Impact Capital invests in workforce housing in Seattle
ImpactAlpha, February 6 – The Seattle metro area offers an object lesson in how tech wealth has fueled the U.S. housing affordability crisis. L.A.-based …
affordable-housing | January 27, 2020
Fifth Third Bank commits $100 million to impact-focused Opportunity Zone projects
ImpactAlpha, Jan. 27 – Cincinnati-based Fifth Third Bank will invest a capital gains windfall in affordable and workforce housing and other community development …
Features | December 4, 2019
‘Neighborhood investment company’ helps Los Angeles residents buy back the block
ImpactAlpha, Dec. 4, 2019 – Real estate shapes our cities and neighborhoods. And capital shapes real estate. A new model that enables local …
affordable-housing | December 15, 2017
Four ways the tax bill would hurt low-income Americans
Sen. Marco Rubio’s 11th-hour demand for a bigger child tax credit, along with other last-minute changes, makes clear that the U.S. tax bill …
affordable-housing | May 10, 2017
KKR bets on Indian housing, Africa’s fintech big bang, meeting 2030 jobs goals
Greetings ImpactAlpha readers! #Dealflow: Follow the Money Leapfrog, Accion back AllLife to expand insurance coverage in South Africa. South African insurer AllLife raised an …
2030 Finance | May 4, 2017
Impact investments in real assets can deliver market-rate returns. Most don’t.
The big takeaway from new benchmarks for impact investments in timber, real estate and infrastructure: find the best fund managers. Cambridge Associates and …
affordable-housing | April 21, 2017
How to bridge Kenya’s housing gap
Kenya has a housing deficit of over two million units, and more than six in 10 urban Kenyans live in slums. Its Vision 2030 …
affordable-housing | April 18, 2017
Housing startups test new approaches to increase supply and affordability
Urban.Us, a U.S. venture capital firm targeting the challenges of cities, opened its playbook for investing in housing startups. “The top 10 home …
affordable-housing | April 11, 2017
Minneapolis fund raises $32 million to preserve affordable housing
The NOAH Impact Fund will acquire affordable housing in Hennepin County, which includes Minneapolis (but not St. Paul). The fund was launched last year …
affordable-housing | April 6, 2017
Bon Jovi, Chris Paul, Eva Longoria bring attention to affordable housing
Investments in affordable housing are generally pretty dry, or even boring. A recent wave of celebrity investors in affordable housing may help raise the …
affordable-housing | March 16, 2017
Bremer Bank helps Habitat for Humanity boost home ownership in Twin Cities
Bremer Bank will Habitat for Humanity boost home ownership in Twin Cities. The St. Paul, Minn., community bank agreed to purchase and service 500 …
affordable-housing | February 9, 2017
Is NBA star Chris Paul the new face of affordable housing?
Turner Impact Capital sure loves celebrities. Actress Eva Longoria is an investor in its impact fund for affordable and workforce housing, while former …
affordable-housing | February 9, 2017
Development banks back affordable mortgages in Serbia
Fewer than seven percent of adults in emerging economies have access to housing finance, according to the International Finance Corporation. The European Fund …
affordable-housing | February 1, 2017
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 …