Multifamily Impact Council

MIC Members in Action: American South Capital Partners (ASCP) – a Sustaining Member – and Infinity Real Estate Management formed a financing partnership to acquire and renovate a 1,068-unit affordable housing portfolio with assets located in #NorthCarolina and #SouthCarolina.? ? Infinity received an $18.75M investment from ASCP and will use a portion of the investment to fund interior and exterior improvements across the portfolio including new appliances, cabinets, and flooring. The portfolio consists of seven communities built between 1968 and 1973 ranging from 81-200 units. Upon completion, 100% of the units will be affordable to individuals and families earning 60% or less of the area median income (#AMI), qualifying the investment for 100 percent of Community Reinvestment Act Credit.?? ? “Maintaining this housing as affordable – as well as improving the quality of the housing – was crucial to ASCP as an investor. This investment is making a tangible impact on the lives of the families living here. We’ve been true to our mission. We hope this new partnership with infinity only continues to grow and impact more families across the South,” said Deborah La Franchi, ASCP Managing Partner and SDS Capital Group CEO.? ? Want to read more about this partnership? Learn more below:? https://lnkd.in/gTwdvNF3? ? #CommercialRealEstate #ImpactInvesting #BuildingImpactTogether #Acquire #InvestmentFund?

If you’re among those who care about impact through affordable, resilient housing, FloFi is worth exploring.?? ? Recently, on “Cool Stuff with Amina,” MIC’s Impacting Investing Associate Amina Sam went behind the scenes at FloFi – a new financial services firm with an innovative approach to addressing today’s housing challenges.?? ? The name FloFi reflects the concept "flow," a cornerstone concept in Lean Innovation. In Lean thinking, flow is about creating seamless, value-driven processes?that eliminate inefficiencies and?reduce friction. For lenders and communities, this means decreasing bottlenecks in the financing process, making it easier to originate loans, and ultimately achieving measurable impact faster.??? ? FloFi offers a range of specialized services designed to streamline and scale financing for affordable housing, including:?? ?? - Data-driven pipelines: Creating transparency and actionable insights to support smarter lending decisions and access to capital? - Product development: Guiding lenders through hands-on learning to build and refine innovative, effective financial products and build capacity?? - Scaled finance solutions: Developing scalable strategies that drive meaningful impact for communities and lenders alike.?? ? Interested in learning more about FloFi? Click here: https://conta.cc/43i9oGv? ? #CommercialRealEstate #ImpactInvesting #Multifamily #FinancialServices?

MIC Members in Action! ??? ? A big shout-out to Cinnaire - a Sustaining Member – for coming together with CDFI Friendly South Bend Region, the city of #SouthBend, and other local groups to support and make last month’s ribbon-cutting for the Sherman Avenue project a success.?? ? Sherman Avenue offers stacked duplexes for lease, with each 833-SF unit featuring two bedrooms, and one bath, and an open concept layout. There are also options for people to own or rent. The first lease is already signed.? ? Led by Jordan Richardson and Tony Ruiz of Inner City Development, the project was fostered by Cinnaire. Keith Broadnax, senior vice president of development at Cinnaire, explained that his agency stepped in and offered Richardson and Diaz technical help and affordable financing for their project after Cinnaire learned that they were having to spend large amounts of capital for their projects.?? ? “At Cinnaire, we do a lot of affordable lending,” Broadnax said. “I was able to help them in terms of their project structure and provide them with a couple of loans to put the development together.”? ? Read more about this community development below:? https://lnkd.in/giXZhB6S? ? Have news to share? Send your links by emailing us at [email protected] and we’ll spread the word in our newsletter and LinkedIn page.?? ? #CommercialRealEstate #ImpactInvesting #AffordableLending #Community #Indiana?

Ready for a quick break? Read the March 2025 edition of our MIC monthly newsletter: The Incredible Upside to This Type of Conversion. ??? ? What you need to read this month:? ?? Cracking the Code – Why converting market-rate housing to affordable housing makes sense ?? Exclusive Q&A with Kevin Smith (Chief Investment Officer at The Donaldson Group, Co-Founder & Managing Partner at Donaldson Impact Investments) on Conversions: An Impactful Affordable Housing Solution ??The Affordable Housing Handbook newsletter - Dive into Bob Simpson’s latest insights on cutting costs to increase affordable housing supply.?? ? Want to learn more? Click the link below – and don’t forget to subscribe to our newsletter on LinkedIn!?? ? https://conta.cc/4ipZ6sn? ? #CommercialRealEstate #ImpactInvesting #AffordableHousing #Conversions?

?? Introducing....the Measuring Impact in Multifamily Housing Webinar! How do you measure real impact in multifamily housing? Join industry experts as they break down strategies for tracking, assessing, and maximizing positive change. ?? Speakers: -Thom Amdur – Senior VP, Policy & Impact, Lincoln Avenue Communities -Rachel Mavrothalasitis – Chief Operating Officer, Multifamily Impact Council -Jack Davis — VP of Strategy, Conservice ?? When: March 13th ? Time: 10 AM PT | 1 PM ET Don’t miss out—register today! ?? https://hubs.ly/Q038qQQR0 #Conservice #TheUtilityExperts #MultifamilyHousing #SustainableCommunities

Advisory Board Spotlight ??? ? This month, the Multifamily Impact Council is thrilled to shine a light on?? Emily Cadik, Chief Executive Officer of the Affordable Housing Tax Credit Coalition (AHTCC)!? ? In her role at AHTCC, she leads advocacy to support affordable rental housing financed using the Low-Income Housing Tax Credit (LIHTC). Before joining AHTCC, Emily was a senior director of public policy at Enterprise Community Partners, where she led policy and advocacy related to LIHTC and other affordable housing and community development issues.?? ? In 2017, Emily received the NHP Foundation’s inaugural Advocacy Award, and in 2016, she was named one of Affordable Housing Finance’s Young Leaders.?? ? Thank you, Emily, for sharing your time, knowledge and experience to further the MIC mission of increasing the flow of impact capital to preserve and create more affordable, sustainable rental properties in the U.S. We are proud to partner with our members and adopters who continue to drive the industry forward with passion and innovation.? ? Want to learn more about Emily and the MIC Advisory Board??? Check out our team here: https://lnkd.in/gd24z_Be? ? #CommercialRealEstate #ImpactInvesting #BuildingImpactTogether #AffordableHousing #AdvisoryBoard?

The MIC team had the pleasure of sitting down with Sydne Garchik, the powerhouse founder, president, and principal of MRK Partners - a prominent real estate investment and management firm specializing in the acquisition, repositioning, preservation, and creation of affordable multifamily properties across the nation. ? ? In our exclusive interview, Sydne breaks down what it really means to be resident-centered, the impact of this approach, and how stakeholders can achieve it. We asked her, “What can multifamily owners and operators do to achieve a resident-centered approach at their communities?" ? Sydne’s advice: Start by completing a resident needs assessment at each community. Knowing where you are now helps you plan where you want to go. Create space for social interactions and events to help residents build a sense of belonging. Offer educational and professional development opportunities to support upward mobility. Lastly, build long-term partnerships with local employers, schools, and community organizations. These connections can provide residents with valuable resources, job opportunities, and mentorship to support their personal, financial, and professional success.?? ? Click the link below to learn more from Sydne about this critical area of multifamily ownership and operation: https://lnkd.in/gEAPJWte? ? #CommercialRealEstate #ImpactInvesting #ResidentServices #Stakeholders #Communities?

We are pleased to officially welcome U.S. Bancorp Investments, Inc. (U.S. Bancorp) to the MIC organization!? ? Headquartered in #Minneapolis, MN, U.S. Bancorp has been a Sustaining Member since 2024. At U.S. Bancorp, their dedication to transparency and making ethical decisions is at the core of everything they do. They provide a broad range of services including retail brokerage, investment advisory services and insurance. ? ? Thank you, U.S. Bancorp, for your continued leadership and support!?? ? At the Multifamily Impact Council, our goal is to build a rigorous and transparent industry standard that increases the flow of impact-driven capital in #Multifamily. ? ? Want to make an impact together? Click the link below to learn more about how you can become a member or adopt our framework for your organization: https://lnkd.in/dQ6f5Eay? ? #CommercialRealEstate #ImpactInvesting #OurMICImpact #BuildingImpactTogether?

A huge congratulations to our MIC Members, Bilt Rewards and Esusu, for being two of the eight winners in the Personal Finance category of Forbes’ 10th annual Fintech 50 list for 2025! ??????? ? The Fintech 50 list highlights businesses that continue to grow rapidly and adapt even as industry valuations and investment in private financial technology (#Fintech) remain depressed. This year’s competition was fierce, with eligibility requiring that companies have their headquarters or substantial operations in the U.S. and not be owned by a public company.?? ? Bilt Rewards raised $550M in funding and Esusu raised $145M funding.?? ? Congratulations once more! We are extremely proud to be in partnership with Bilt Rewards and Esusu.? ? To learn more about our members visit: https://lnkd.in/gwnvZFc3? ? See the full list of 2025 Forbes Fintech 50 list here: https://lnkd.in/eG2Q8NHH? ? #CRE #ImpactInvesting #PersonalFinance #BuildingImpactTogether #NewYork?

Our special session on the MIC Impact Framework was a hit at Information Management Network (IMN)’s ESG & Decarbonizing Real Estate Forum (Winter) in #Nashville, TN, earlier this month! Led by our incredible COO, Rachel Mavrothalasitis and Bridge Investment Group’s Isela R., we dove deep into the MIC Framework, our members and their meaningful impact, and engaged in a dynamic roundtable discussion.?? ?? Here’s what we walked away with:? - Data and proof of performance is everything. That is our job as investment professionals in any environment, whether we are talking about impact performance or financial performance.?? - MIC Members are leading the way! Members were featured across so many panels, referencing the Framework and sharing their knowledge. Our folks always shine.?? - There is power in number and consensus building – which is exactly what we exist to do.?? ? We capped off the day with a fun happy hour at City Winery, where the MIC team, Members, Framework Adopters, and others enjoyed great wine, food, and fantastic networking opportunities.?? ? Here are some of the highlights!? ? #CommericalRealEstate #IMNEvents #ImpactInvesting #ESG #Networking??