Multifamily Impact Council

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.?? ? We are excited to welcome new member, Viva Benefits to the MIC organization!? ? Founded in 2021, Viva Benefits’ software and on-site support helps multifamily owners and operators deliver life-changing benefits to 50,000 residents across America, including access to health, education, and financial wellness resources. Viva is a mission-driven team dedicated to closing the 40X renter wealth equity gap while helping multifamily owners boost NOI. They believe that everyone deserves the opportunity to live well and prosper, regardless of their housing status.? ? Thank you, Viva, for your leadership and commitment to furthering the MIC mission!!? ? 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 #FundManager?

MIC members will be in the spotlight at the NYU Stern School of Business Center for Sustainable Business’ Eighth Annual Practice Forum on Thursday, March 27!? ? You won’t want to miss this powerhouse panel of experts including Chris Herrmann from Enterprise Community Investment, Inc., Lisa Davis from The Vistria Group, and Lauren Zullo from Jonathan Rose Companies. Together they will discuss valuable insights on the ‘Building Value Creation: ROSI in Action in Affordable Housing’ panel.??? ? Mark your calendars and join us for a day of game-changing insights and thought-provoking conversations. We’re excited to shape the future of affordable housing together!?? ? Get your tickets today: https://lnkd.in/ephY4_S6? ?????????? #NYUSternForum #CRE #AffordableHousing #BuildingImpactTogether

From March 19-21, MIC’s CEO, Bob Simpson, will join fellow industry leaders at NAHMA - The National Affordable Housing Management Association’s March Conference on Top Issues in Affordable Housing in #Washington, D.C.? ? NAHMA is the leading voice for the affordable housing management industry, advocating for legislative and regulatory policy while providing affordable housing professionals with the knowledge to advance excellence in the communities they serve. The conference will examine key trends and topics related to the management, development, and preservation of affordable multifamily housing.?? ? Don’t miss Bob’s keynote opening presentation on Thursday, March 20, from 9:45a to 10:30a, where he’ll discuss MIC’s mission and share how the Multifamily Impact Framework works to increase the flow of capital to preserve and create more affordable, sustainable rental properties across the country.?? ? We look forward to seeing you there and networking with you!? ? Register here: https://lnkd.in/gYphGGgQ? ? #CommercialRealEstate #ImpactInvesting #Conference #AffordableHousing #KeynotePresentation?

It’s that time again…Join us on Thursday, March 20th at 2:00pm EST for MIC’s Q1 2025 Impact Collaborative webinar: Climate Resiliency and Insurance!?? ? Our powerhouse panel of speakers includes:? - Megan Saunders, Senior Managing Director of Sustainability at Kayne Anderson ?? - Laurie Schoeman, Chief Investment and Impact Officer at Partners for the Common Good?? - Thom Amdur, Senior Vice President, Policy &Impact at Lincoln Avenue Communities?? ? Our panelists will discuss how investors can think about resilience in underwriting, and how resiliency measures can reduce costs and insurance claims. They will share information about the Enterprise and Fannie Mae resiliency tool, Kayne Anderson’s approach to climate risk, and more. You won’t want to miss it - Register for this webinar here: https://lnkd.in/g2TH5UW3? ? The MIC established its #ImpactFramework to define and measure impact, streamline impact reporting, and help property owners clearly communicate how their actions improve residents’ lives in affordable and sustainable #RentalHousing in the U.S. ? ? We look forward to our MIC members sharing their stories in this quarter’s webinar and furthering collaboration across the industry – can’t wait to see you there!? ? #CRE #Multifamily #BuildingImpactTogether #ClimateResiliency?

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?