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Nonprofit Fund Raises Private Dollars To Buy Affordable Housing – Before Private Equity Does

Leo Miranda

July 26, 2024 |

Next City |

Text |

Under 800 Words

Response Location: United States

The housing and homelessness nonprofit Community Solutions raised $135 million in private capital to create a fund to buy housing properties and keep them permanently affordable. It promises investors modest returns and looks to buy properties in good condition close to necessary services like grocery stores and health care.

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