Santa Fe-based New Mexico Vintage Fund is raising a flexible finance fund for diverse entrepreneurs and green businesses in one of the poorest states in the U.S. Half of the capital will support first-time homebuyers. Habitat for Humanity International’s Mortgage Solutions lending group is raising a $100 million flexible lending fund to encourage Black homeownership. Catalyst’s focus: real estate development of healthy and affordable homes from the Midwest to the West Coast, along with local economic activity and job creation. This month’s Liist of funds currently raising capital includes three funds looking to meet the moment with new vehicles for investing in more inclusive, resilient U.S. The past year’s market volatility amplified America’s crisis of affordable housing, “hitting low- and moderate-income individuals and families the hardest,” observed Nina Tschinkel of Salt Lake City-based Catalyst Opportunity Funds. Inclusive community funds finance local businesses, affordable housing and pathways to wealth creation (The Liist, May 2023).
0 Comments
Leave a Reply. |