- With its Reconstruct Challenge, Louisville-based Access Ventures, aims to identify approaches to reduce ancillary costs, including transportation and food costs, that can push many families’ total housing costs north of 50% of disposable incomes, founder Bryce Butler told ImpactAlpha.
- Kapor Capital noted that its investment in the firm was based on the company’s potential to provide “well-designed, well-constructed housing” to people “across the entire socioeconomic spectrum.”
- Venn offers a “neighborhood platform” to connect residents to co-living and public spaces, social resources, classes and events.
- Core Innovation Capital led the round, which also included impact investors Enterprise Community Partners, The Impact Engine and Kapor Capital.
- Tijuana, Mexico-based Provive acquires abandoned homes, fixes them up, then helps families secure financing to buy them.
- Landed provides teachers with cash to make a down payment on a house, offering 10% of the asking price. Teachers have to come up with another 10%, and repay Landed 25% of the profits if and when they sell.
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 Capital has launched a $25 million Opportunity Fund to buy up vacant and underutilized apartment and mixed-use properties in the San Francisco Bay Area and restore them as entry-level workforce housing. M31