NEW YORK—Morgan Stanley, TruFund Financial Services and the Ford Foundation have launched the Impact Developers Fund. The $26 million fund will provide capital to what the trio call "emerging impact businesses" that lack access to adequate affordable capital. These companies include minority and women owned real estate development companies that build, own and operate affordable housing and provide value-adding social services to residents.
The equity capital the fund will provide will be used for working capital to acquire, develop and operate affordable housing and community services.
The fund will also provide capital solutions, including debt and equity, that can be tailored to the needs and capacity of the business.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
