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Naturally Occurring Affordable Housing (NOAH) Preservation Impact Investment Fund Manager
Responsible for leading the operations of the NOAH Impact Investment Fund, including real estate acquisitions and asset management assistance
The goals of the NOAH Impact Investment Fund include:
- In partnership with qualified nonprofit and for-profit owner-operators, deploy the Fund’s capital as equity investments in appropriately structured NOAH properties where, in the absence of the Fund’s involvement, rent affordability would be at risk of loss.
- Structure financing and partnerships to successfully preserve the affordability of the acquired NOAH properties over an expected period of 15 years.
- Grow the Fund through effectively achieving economic and social impact goals, raising new rounds of social impact capital, and managing the Fund’s assets in a manner that supports the acquisition and preservation of additional NOAH properties.
- Capitalize and close the NOAH Fund Pool II with $25 million, including institutional impact capital and mission-related investments (MRI).
- Acquire 900 – 1,000 units of at-risk unsubsidized affordable rental housing in an estimated 10-15 properties over 18-24 months with NOAH Impact Fund resources.