May
2025
San Francisco, CA – May 16, 2025 – IMPACT Community Capital announced today that it financed two new affordable housing developments in the first quarter of 2025, totaling $12.8 million across 192 units. The properties – located in North Las Vegas, Nevada, and Lithonia, Georgia – will serve senior residents and deepen IMPACT’s commitment to housing that meets both community and investor needs.
In total, IMPACT helped finance 455 units through a mix of new commitments, purchases, and bridge loans in Q1 2025. That activity represents $28.3 million in capital dedicated to expanding access to quality, affordable housing amid continued volatility in the broader real estate and economic markets.
“ Affordable housing continues to prove its value and resilience institutional investors,” said Michael Lohmeier, President and CIO of IMPACT Community Capital. “We’re proud to help our partners bring new developments to life that offer long-term value to residents and dependable performance for investors.”
Rome South II is a 70-unit affordable housing development for seniors in North Las Vegas, for which IMPACT provided a $2.7 million taxable loan, originated by Bank of America, to support the construction. This work encapsulated the second phase of a broader two-phase building effort and was sponsored by Nevada HAND, a nonprofit developer that also provides on-site services to support independent living.
Also financed in Q1 was Union at Stonecrest Apartments, a 122-unit senior housing community in Lithonia, approximately 19 miles outside of Atlanta. IMPACT’s $10.1 million tax-exempt loan for this project was originated by CSG, and every unit in the development will be affordable to residents earning 60% of the Area Median Income. The property will feature a media room, fitness center, business center, and more.
This activity comes as economic uncertainty continues to weigh on decision-making across the market. Still, demand for affordable housing remains strong, and the asset class continues to demonstrate stability in both performance and repayment.
For more information about IMPACT Community Capital and its affordable housing investments, visit impactcapital.net.
About IMPACT Community Capital
IMPACT Community Capital (“IMPACT”) is an affordable housing debt investment manager 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.
