More Real Estate Funds Aim to Preserve Affordable Housing, Boost Economic Development
Public and private entities are pooling their capital and stepping in to slow the erosion of the country’s affordable housing stock. The Low Income Investment Fund (LIIF), National Affordable Housing Trust (NAHT) and Morgan Stanley launched a new $100 million initiative in December aimed at protecting affordable housing for low income families across the country. The initial pilot made $30 million immediately available to nonprofit affordable housing providers through the Fund to Preserve Affordable Communities (FPAC). Learn more about FPAC in National Real Estate Investor.