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IHS To Invest $300M in Affordable Housing

WASHINGTON, DC-International Housing Solutions will be closing on its first deal in Johannesburg, South Africa within the next week, after winning $100 million in seed money from OPIC.

By Erika Morphy | Updated on February 20, 2007

(To read more on the multifamily market, click here.)

WASHINGTON, DC-An affiliate of Municipal Mortgage & Equity LLC called International Housing Solutions will be leveraging $100 million in seed money provided by the locally based Overseas Private Investment Corp. to invest $300 million in affordable housing in emerging markets over the next 10 years. Several applicants participated in the bidding to win the US government agency’s funding commitment.

OPIC, best known for providing financial support for overseas infrastructure investment, then spent several months on due diligence before it made its final selection.

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