More Real Estate Funds Aim to Preserve Affordable Housing, Boost Economic Development
The flurry of value-add apartment investing in recent years has sparked a countermove by public and private entities that are pooling their capital and stepping in to slow the erosion of the country‚Äôs low-income housing stock. Added to that, new private equity funds are popping up to take advantage of tax breaks created by the Tax Cuts and Jobs Act of 2017 aimed at incentivizing investment in designated low income Opportunity Zones. The combined result is a surge in capital flowing into social impact investment funds.
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