The ASI Multi-Family Impact Fund, LP (MFIF), focused on the preservation of multi-family housing primarily serving minority populations and lower income residents, has officially closed. The fund is aimed at helping to fill the incredible demand for affordable and workforce housing by preserving and enhancing existing apartment communities to extend their useful life. The fund contains two properties:
- Oak Hill Village Apartments
Oak Hill Village is a 182-unit garden style family apartment community located in the Willoughby Hills, a quiet suburban community located less than 20 miles from downtown Cleveland with immediate freeway access.
- Crosswinds Apartments
Crosswinds Apartments is a 109-unit garden style family apartment community located in Chesapeake, a quiet suburban community located less than7 miles from downtown Norfolk, VA.
CommonGood Capital would like to thank everyone involved for their diligent work in making these communities a nicer place to live, and the investors that have entrusted the team to carry out that vision. Watch for more in the future in the Affordable and Workforce housing theme from CommonGood Capital.
