San Francisco, CA – February 26, 2025 – IMPACT Community Capital announced today that it closed or committed to 15 affordable housing deals in the fourth quarter of 2024, totaling more than $149 million in financing across 2,170 affordable housing units. In 2024, IMPACT facilitated investments totaling $371 million across 5,693 units, including 13 loan commitments amounting to $64.5 million and 32 loan purchases exceeding $307 million.
“IMPACT’s investments in Q4 and throughout 2024 reflect our commitment to identify opportunities that support risk-adjusted returns for our investors. ” said Michael Lohmeier, President and CIO of IMPACT Community Capital.
Among IMPACT’s notable Q4 transactions, the firm provided financing for Oasis Senior Villas, a 95-unit community in Riverside, California, that serves low-income seniors and veterans. 68 units at the property are subsidized by Section 8 and Veterans Affairs Supportive Housing contracts, ensuring affordability for its residents. The property, originated by Bank of America, will receive more than $4.9 million in tax-exempt permanent mortgage financing from IMPACT.
Additionally, IMPACT supported the preservation of affordable housing in Q4 through financing the Treetop Portfolio, a collection of ten Section 8 properties located across multiple markets in Mississippi and Alabama. With $32 million in fixed-rate bridge loans, the financing has allowed Treetop Companies to acquire and maintain the 925-unit portfolio. The properties will continue to serve low-income families and seniors and ensure long-term affordability in these markets.
About IMPACT Community Capital:
IMPACT Community Capital (“IMPACT”) is an affordable housing debt investment specialist with over 25 years of sector-specific experience. IMPACT’s investment focus includes securitized debt, senior permanent mortgages, bridge loans, and construction financing. IMPACT has originated over $2.8 billion of affordable housing investments and, together with its partners, has helped preserve or create more than 60,000 affordable housing units while delivering stable risk-adjusted returns. For more information about IMPACT, please visit impactcapital.net.
Disclaimer: Any property specific information or photographs that are selected for presentation are for the purpose of highlighting the social impact of the investments, such as affordability, social services or other benefits for the community and not based on investment criteria or performance.