Local Investment Fund for Housing for Black & Brown Communities

Where: Los Angeles based

Why now? “Companies and investors across all sectors of commercial real estate — and the financial institutions that fund them — pledged billions to close the racial wealth gap and work to undo the financial legacies of systemic racism. “

How will the funding work?

• Black Impact Fund $1 Billion
• $500M for qualified opportunity zones
• $500M fund for projects near but not in those federally designated areas
• asset appreciation and fees earned to fund the affiliated nonprofit Black Impact Community Fund

Bisnow | LA-Based Fund Aims To Raise $1B For Investments In Black And Brown Neighborhoods