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 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

A launch pad for businesses that can make Opportunity Zones thrive

Successful Opportunity Zone investments will pull people up, not push them out

  • "Many Opportunity Zone investors may not be so responsive to their communities, and will instead seek to change the character of a neighborhood by building luxury apartments or destination retail," writes Turner Impact Capital's Bobby Turner. "Fulfilling the spirit of the Opportunity Zone ideal means pulling people up, not pushing people out.

Pushing for community engagement and impact reporting in Opportunity Zone investing

  • A new reporting framework from the U.S. Impact Investing Alliance and the Beeck Center at Georgetown University stresses key principles, including engagement with low-income and underinvested communities, equitable community benefits, and transparency and measurement around impact objectives and outcomes.

Blueprint Local: Texas fund is a blueprint for investors betting on their hometowns – and the businesses bringing them back

  • The idea is simple but execution has been hard: helping local investors invest in local entrepreneurs to revive local communities, all across the U.S. Ross Baird, the founder of Village Capital, has formed Blueprint Local to assemble the pieces for such local entrepreneurial revivals.