Greystone Housing Impact Investors has partnered with BlackRock Impact Opportunities (BIO) to address the U.S. affordable housing shortage through a new $500 million joint venture. Focused on financing the construction or rehabilitation of affordable multifamily housing in undercapitalized communities, the venture will leverage Greystone’s expertise in affordable housing lending alongside BIO’s impact investment goals. This collaboration aims to increase affordable housing options nationwide, benefiting renters with extremely low incomes while delivering attractive returns for investors.
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