As tens of millions of people face eviction across the country, a new partnership has been established to assist low-income families and communities of color, who are being disproportionately impacted by the current affordable housing crisis.
A joint venture has begun between the Low Income Investment Fund (LIIF), a national nonprofit financial institution with $900 million in assets under management, Stewards of Affordable Housing for the Future (SAHF), a nonprofit collaborative of thirteen affordable housing providers who own nearly 150,000 rental homes, and National Affordable Housing Trust (NAHT), a nonprofit low-income housing tax credit syndicator with over $1 billion in assets under management. This partnership received the generous support of the SeaChange-Lodestar Fund for Nonprofit Collaboration.
Together they will work to raise $1 billion over the first five years of the partnership to build, protect and preserve approximately 10,000 affordable homes across the country. Their innovative approach will elevate tenant voices and community needs when it comes to creating new developments, generating greater social impact—as well as financial return—for investors.
To learn more about Stewards of Affordable Housing for the future (SAHF), please visit www.sahfnet.org.
To learn more about Low Income Investment Fund (LIIF), please visit http://www.liifund.org/.