Housing
Return on Inclusion | November 28, 2022
Collective ownership, renter payouts and neighborhood trusts expand access to housing wealth
ImpactAlpha, Nov. 28 – Late in the afternoon on a Friday in September, a dozen or so Latina small-business owners gathered at the headquarters …
Impact Voices | November 21, 2022
How housing investments can create wealth for investors – and tenants
“E,” for environmental, gets most of the love in ESG investing. Investments in the “S” and “G,” for social and governance, particularly in …
Photo by Gary Community Ventures.
Return on Inclusion | November 15, 2022
Dearfield Fund secures $7.5 million to help Black first-time homeowners make down payments
ImpactAlpha, November 15 — Making a down payment is one the biggest challenges for first-time homebuyers in the U.S., particularly for Black and …
Photo credit: Amos House
Catalytic Capital | May 24, 2022
MacArthur Foundation commits $20 million for housing for justice-involved people
ImpactAlpha, May 24 – Roughly one in four people experienced homelessness in the year before their incarceration. Chicago-based MacArthur Foundation hopes a mix of …
Photo credit: Nacro
Catalytic Capital | December 14, 2020
MacArthur Foundation, Big Society anchor UK’s Women in Safe Homes fund
ImpactAlpha, Dec. 14 – Through a lease-to-own model, Women in Safe Homes fund, a residential property investment fund, will acquire properties and lease them …
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 | 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 …
cities | January 9, 2020
French social housing fund Immobilier Impact Investing tops €100m with second close
ImpactAlpha, Jan. 9 – The fund, launched by Cedrus & Partners and Swiss Life Asset Managers in April 2019, aims to re-house up …
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 …
2030 Finance | November 5, 2019
Apple pledges $2.5 billion to five Bay Area housing initiatives
ImpactAlpha, November 5 – The gap between the haves and have-nots is widening in the Bay Area, brought on by an influx of …
Dealflow | October 23, 2019
Facebook, under scrutiny in Washington DC, pledges $1 billion for affordable housing in California
ImpactAlpha, Oct. 23 – Social media giant Facebook became the third tech company this year to commit capital to affordable housing in West …
Dealflow | September 3, 2019
Access Ventures seeks new ways to lower costs for the housing insecure
ImpactAlpha, Sept. 3 – It’s expensive to be poor in America. Low- and moderate-income communities face a shortage of at least 7.2 million …
Dealflow | August 20, 2019
Blokable secures $23 million for modular housing that promises affordability
ImpactAlpha, August 20 – A third of U.S. renters are cost-burdened from housing and every state faces an affordable housing shortage. (Even rural renters feel …
Dealflow | June 26, 2019
Israeli tech venture Venn secures $40 million to strengthen urban communities
ImpactAlpha, June 26 – Tel Aviv-based Venn launched in 2016 with a vision of using tech to enable happier, more inclusive city-living. The company has …
Dealflow | April 24, 2019
PadSplit raises $4.6 million to match tenants with affordable housing
ImpactAlpha, April 24 – Atlanta-based PadSplit launched in 2017 with a goal of improving low-income individuals’ access to affordable housing by managing single family home …
Aerial view of Infonavit houses in Mexico
Dealflow | April 11, 2019
Adobe Capital, IGNIA exit Mexican home rehab startup Provive
ImpactAlpha, April 10 – Tijuana, Mexico-based Provive’s mission is to foster community regeneration. Its approach is to acquire abandoned homes, fix them up, then help …
Dealflow | April 11, 2019
Chan Zuckerberg-backed Landed scores $7.5 million to help teachers buy homes
ImpactAlpha, April 11 – Housing finance startup Landed raised $5 million last year from Chan Zuckerberg Initiative for its mission to help teachers buy homes …
Dealflow | April 9, 2019
M31 Capital’s Opportunity Fund targets workforce housing in the San Francisco Bay Area
ImpactAlpha, April 9 –What’s difference do Opportunity Zone tax breaks make for a commercial real estate fund? San Francisco-based real estate company M31 …
Dealflow | March 26, 2019
Haven Connect raises $2.4 million to streamline applications for affordable housing
ImpactAlpha, March 26 – About one in four Americans struggle to find housing they can afford. A typical applicant for an affordable housing unit …
Dealflow | February 6, 2019
India’s Annapurna Finance raises $19 million to expand lending to rural women
ImpactAlpha, February 5 – The Asian Development Bank has invested 1.4 billion rupees ($19.1 million) in Indian microfinance institution Annapurna Finance. Annapurna Finance …
Housing | January 29, 2019
Affordable and workforce housing are among the most stable asset classes in real estate
ImpactAlpha, January 29 – With long waiting lists, low vacancy rates and stable tenants, affordable housing is a low-risk, long-term investment. Big, corporate-backed …
Dealflow | December 4, 2018
U.K. housing associations launch community impact loan fund
ImpactAlpha, December 3 – Four large housing associations in the U.K. have launched a loan fund to boost community services offered by social …
Education Tech | November 29, 2018
What we know about Turner Impact Capital’s school, housing and health funds
Bobby Turner has had a busy couple of months. His Turner Impact Capital christened a charter school in Washington, D.C., opened several new …
Billionaires | September 14, 2018
Jeff Bezos pledges $2 billion to build preschools and fight homelessness
With a tweet, Amazon’s Jeff Bezos pledged $2 billion of his estimated net worth of $163 billion to the Bezos Day 1 Fund, which will back …
Dealflow | July 23, 2018
OPIC commits $50 million to Avenida Capital for affordable housing in Colombia
ImpactAlpha, July 23 – New York and Bogotá-based Avenida Capital is a real estate investor that backs urban developments in Latin America. OPIC …
Dealflow | July 3, 2018
Bridges Israel emphasizes the social in new $50 million impact fund
ImpactAlpha, July 2 – It’s the opportunity to deliver healthcare and housing to Israel’s underserved, not the potential of its hot tech sector, that …
Dealflow | July 2, 2018
LIIF lends $7.5 million for Silicon Valley affordable housing
ImpactAlpha, July 2 – The Low Income Investment Fund, or LIIF, issued the loan to housing non-profit BRIDGE Housing to finance a 306-unit …
Catalytic Capital | June 18, 2018
Jessie Ball duPont Fund makes $3 million affordable housing loan to LISC
Impact investors are driving more capital to America’s affordable housing shortage. The latest example is Florida-based Jessie Ball duPont Fund, which has made a …
Dealflow | June 15, 2018
Mission investors lend $7 million to restore Sandy-impacted homes
ImpactAlpha – At least 650,000 New Jersey homes were damaged or destroyed during 2012’s Hurricane Sandy, and many have not yet been rehabilitated. …
Dealflow | March 24, 2018
Treasury Department awards $120 million to community ‘capital magnet’
The Trump administration is (again) seeking to ax funding for more than 1,000 community development financial institutions. Meanwhile, the Treasury Department’s Capital Magnet …
Dealflow | March 24, 2018
DC seeds affordable housing preservation funds
There are only 44 affordable rental units for every 100 extremely low income families in the District of Columbia. The District is seeding …
Entrepreneurship | March 8, 2018
South by Social: Austin is the capital of impact entrepreneurship, too
This time of year, people from all over the country don their best hipster duds, dust off their cowboy boots and descend on …
Canada | March 6, 2018
VERGE Breakthrough Fund raises $1.7 million for Ontario startups
VERGE Breakthrough Fund has raised $1.7 million for Ontario startups. The seven-year fund is looking to raise $2 million in total to provide …
Dealflow | February 22, 2018
Calvert Impact Capital secures $10 million for Community Housing Capital
Community Housing Capital is a Georgia-based lender for community development financial institutions working in affordable housing. CHC is partnering with Calvert Impact Capital …
Catalytic Capital | February 9, 2018
Oregon Community Foundation makes three investments from impact fund
The Portland-based foundation invested (paywall) $3.75 million in housing lender Network for Oregon Affordable Housing, small business lender Micro Enterprise Service of Oregon, …
Dealflow | February 9, 2018
Resonance gets £60 million infusion to house London’s homeless
The impact investing firm raised the capital for a nine-year fund that will acquire over 300 private apartments and rent them at affordable …
Catalytic Capital | December 14, 2017
Gary Community Investments leads affordable-housing initiative in Colorado
More than 250 community land trusts in the U.S. help low- and low-middle income families buy homes through use of a land-lease, in …
2030 Finance | December 12, 2017
Climate action in Paris, affordable housing in Colorado, entrepreneurial ecosystem in Virginia
Greetings, ImpactAlpha readers! #Featured: ImpactAlpha Original One Planet: Macron mobilizes capital for climate action, with a French accent. President Emmanuel Macron of France …
Catalytic Capital | December 5, 2017
Twin Cities foundations invest in affordable housing
The F.R. Bigelow Foundation and the St. Paul Foundation are committing $1 million each to two organizations — CommonBond Communities and Habitat for Humanity — as program-related …
Catalytic Capital | November 16, 2017
NOAH Impact Fund makes first investment in Minnesota affordable housing
The $25 million equity fund, part of the Greater Minnesota Housing Fund, aims to preserve naturally occurring affordable housing (or NOAH) by connecting …
Climate Finance | November 9, 2017
On the front lines of climate change, South Florida banks on climate resilience
Sea levels could rise three feet or more by 2060 in South Florida, where the ocean is already rising six times faster than …
Creative Economy | October 17, 2017
Bringing impact investors into the creative economy
Art and artists are increasingly seen as key to making real estate investments work, especially in once-marginalized neighborhoods. But any rebound can price …
2030 Finance | October 13, 2017
Jonathan Rose Cos. closes $233 million affordable-housing fund
Jonathan Rose Cos. has closed a new $233 million affordable-housing fund. The New York firm, which invests in green and community real estate, …
Dealflow | October 2, 2017
Big Society Capital backs UK housing innovation competition
U.K. National Housing Federation, a nonprofit that advocates for better neighborhood housing, is looking for new ideas for how low-cost public and private …
Dealflow | September 28, 2017
Australian impact bond targets youth homelessness
The government of New South Wales is leading a program called Foyer51 to provide housing and support services to young adults leaving Australia’s …