Matt Illian recently shared out Investing for Impact with Affordable Housing on his blog The Sustainable, Responsible, Impact Investor, connecting the dots on low income housing, Urban Hope, and investors:
If you resonate with the 12th-century Jewish scholar Maimonides, who argued that the highest form of charity includes an affordable loan or dignified employment, then you’ll be interested in the developing field of impact investing. Investors are now offered new tools to meet the most basic needs of their communities and the world around them, while also making a profit at the same time.
The need for new capital to enter the affordable housing marketplace couldn’t be more timely. As the fears of inner-city living wear off, many urban neighborhoods around the country are experiencing an economic renaissance as new residents create demand for upscale housing, restaurants worthy of culinary praise, etc. At the same time, the most economically vulnerable are facing an affordable housing crisis.