Jim Dowd

North Capital Investment Technology Inc. recently debuted a new investment vehicle, REITless Impact Income Strategies, which focuses on lending and strategic debt investments to mostly single- and multifamily development as well as redevelopment projects that produce positive social impact.

“We will produce positive impact through the saving and improving of existing housing stock, rather than tearing down and rebuilding; utilizing low flow plumbing fixtures, efficient appliances/ insulation and weatherproofing to reduce a property's impact on the environment plus providing affordable housing for low-income residents and generating local employment,” says Jim Dowd, founder of North Capital.

Research suggests that improvements in housing stock drive collateral improvements through investments, which makes housing-focus initiatives particularly impactful.