Capital Impact Partners’ Post

In January we acquired a 72 unit property in Leavenworth, KS. While everyone is focused on the big metro, Kansas City. We saw the pressure it's growth was having on affordability and the value potential in surrounding markets. Within real estate you’ll find people are often chasing the “in thing”: - A large city people are flocking toward. - The place they can get the maximum $ per square foot. - Or the opportunity that seems the most obvious at the time. But there are great returns to be found in the areas that are most underserved. On that project for example, we projected 2.3% cashflow to investors in year 1. And we hit that target within 6 months! Making both us, and our investors very happy, all while making a big improvement to a largely underserved community. And if you’re sat at home thinking: ”I wish I had got in on that deal!” Don’t worry, you’re not too late just yet. There are some spaces left in our most recent Impact Growth fund 🌱🏘️  And you can apply to be part of it here today: https://lnkd.in/dv6TN-jq

This week’s #OpportunityZone Outlook: Capital Square announced the launch of its ninth Opportunity Zone Fund. The fund aims to raise $77 million in equity to develop a mixed-used apartment community and luxury hotel in Scott’s Addition. Importantly, in the first Presidential debate, Opportunity Zones took center stage when President Trump highlighted the success of the OZ tax incentive as ‘one of the most successful economic development acts ever in our country’ and giving credit to Senator Tim Scott (R-SC). Lastly, Lincoln Avenue Communities celebrated the groundbreaking of the largest ground-up affordable housing project to be developed in Wisconsin. Located in a Madison Opportunity Zone, OZ fund equity is helping to finance the highly-anticipated development. To read: https://lnkd.in/eaKQayrK To subscribe: https://bit.ly/JillOZNews #OpportunityZones #OpportunityFund #OpportunityFunds #realestate #tax #development #RIA #familyoffice

We came across a non performing note in St. George, Utah. We decided not to pursue this deal due to a couple of red flags 🚩 Check out the video to become aware of and avoid potential red flags and pitfalls. #nonperformingnotes #realestateinvesting #noteinvesting #wealthymindset

A recent analysis from Dejan Eskic and the Kem C. Gardner Policy Institute delves into the evolving dynamics of renting versus owning homes across the Wasatch Front. For over a decade, owning in Utah was the more affordable option; however, recently owning is substantially more expensive than renting. As ownership becomes increasingly unattainable, the rising demand for rentals inevitably propels rental prices upwards, highlighting the urgency for proactive measures to bridge the growing gap in housing affordability. Visit https://lnkd.in/dHXQuyun to find out more about what the Utah Housing Preservation Fund is doing to address this growing need for affordable housing options in Utah.

My favorite Utah affordability play is the Utah Housing Preservation Fund. Preserving existing units by deed-restricting them is a much more cost effective way (read: more units for same cost) to create affordable units than building them new. The solution to affordability more broadly than just deed-restricted units is just more overall supply.

 Happy New Year! My back-to-work resolution is to make 2024 the year we harness the nationwide demand to build #AffordableHousing! It’s a national moment - for example, here’s housing reporter Sean Keenan at Atlanta Civic Circle in #Georgia: https://lnkd.in/e-D_iPpP Meanwhile in Maryland, One quarter of the bills planned for this year address the state’s #AffordableHousing shortage, with a goal of closing the 96K unit gap. https://lnkd.in/e2Rh8vEf #LACounty is still short a whopping 499,430 #Affordable homes, and Californians like our friends at Partnership for the Bay's Future and LISC San Diego are organizing to fight for common sense #AffordableHousing measures like those detailed by Caitlin Hernández in LAist.com. https://lnkd.in/emb9ekeV And here’s excellent reporting by Wisconsin Watch about how #Milwaukee County (pop 939K)  is trying to build affordable housing for families throughout the region, but pushing up against restrictive zoning laws, especially in the suburbs.  https://lnkd.in/eBRtcr6k One model that’s worked well is Charlotte Housing Opportunity Investment Fund, which combines public and private investment in #AffordableHousing with community-buy in and opportunities for economic development.  https://lnkd.in/eep6KGbh CHOIF is on track to reach 1500 units in Mecklenburg County (pop 931K), and with the launch of CHOIF II we’re expecting to grow even further. It’s been a success in Charlotte, and a model that can be used anywhere. Spread the word! https://lnkd.in/eQxX38E3

Our CDFI #lending is creating impact in historically excluded communities of Southern California.  Partnering with Lift to Rise, LIIF serves as fund manager for the $50 million We Lift: The Coachella Valley’s Housing Catalyst Fund, which started in 2021. This fund supports a community-driven housing financial model that seeks to address the crucial shortage of #affordablehousing in Southern California’s Coachella Valley. The program aims to create 10,000 affordable units by 2028. An additional priority is to incentivize the co-location of early care and education (ECE) as much as possible. Action plans were created by the Housing and Economic Mobility Collaborative Action Networks (CANs), with these plans containing the results, priority factors and strategies that guide the work. Additional partners: County of Riverside Rural Community Assistance Corporation (RCAC) 70 community partners #CDFI #CDFIs #lendingsolutions #groundbreakings

Our STR fund takes properties acquired from renovation to revenue. This 5 bed / 3 bath property needed TLC when we purchased it, but the bones had charm and we had a vision for its potential. After a modern facelift, including transforming the backyard into a beach oasis, this property is now one of the best-designed STRs in West Palm Beach! 💰 Purchase Price: $640k 📊 Projected Annual Revenue: $120-$135k 💸 Year One Completed Revenue: $146k+ 80 days into its second year, and it had already put $100k+ on the books. We've developed a passive model for accredited investors to enjoy the cash flow from a portfolio of STRs like this one. View more info here: https://bit.ly/3Shm0Iz or book a 1:1 chat with us: https://bit.ly/3PRRp2w #PassiveRealEstate #STRInvesting #ShortTermRentalInvesting #PassiveIncome #RealEstateInvesting #STRInvestment #PassiveREI #RealEstateWealth

When I was deployed my wife and I almost bought a mobile home for her to move into while I was gone It was winter and the place she was living had become more unsafe Leading us to look for new housing when the interest rates were almost 8% Not ruling anything out we saw that mobile home parks were a great option to live at - For their affordability - Easier Maintenance - Ability to have a community nearby All things my wife and I were looking for We ended up getting a great deal on a house with our VA loan but it made me see the opportunity mobile home parks can give people That's why our current project in Texas is able to have so much impact Buy and expand Mobile home parks with our Impact Growth Fund And give people a better place to live that is affordable It’s a Reg D 506(c) Fund for Accredited Investors where we’ll be: - Focusing on making a positive impact - Specializing in long-term, consistent cash flow. - All while reducing the risks of volatility in the market for our investors. Dm on how we can work together! _____________________________________________ What was the biggest project you took on moving into your first house?

It's undeniable that protecting Utah's affordable housing is crucial. The purpose of the Utah Housing Preservation Fund is to aid individuals and families in that effort by purchasing multifamily properties to prevent displacement, ensuring affordability in perpetuity while leveraging resident rent payments for further acquisitions. Our goal is to: 1. Prevent Tenant Displacement 2. Serve Those in Greatest Need 3. Find Partnerships That Help Tenants Thrive 4. Create Affordable Housing That Lasts Forever Learn more about our efforts at https://lnkd.in/dHXQuyun