Impact Developers Fund
Providing Equity Capital and Sophisticated Business Advisory to Minority Developers Focusing on Affordable Housing, Fostering Community Growth
What:
Through our subsidiary TruCapital Investment Fund, we raise capital from private and public entities to invest into minority developers across the country. Investments are made at the corporate/parent level to support balance sheet leverage and organizational growth. Historically, funds have been utilized to support the following capacity building needs:
- Boost balance sheet equity to strengthen the investee’s financial position
- Increase leverage capabilities to meet operational and asset requirements when competing for business including refinancing or paydown of debt
- Buyout ownership of institutional partner(s) returning ownership to minority developer(s)
- Provide long-term working capital to help build capacity and bolster organizational infrastructure (hiring key staff, building out management systems, etc.) supporting organizational growth
- Finance pre-development and acquisition costs including zoning and legal review, environmental assessments, appraisals, design, tax credit applications, and other land acquisition activities
- Support project-level leverage as needed for growth and developer expansion stages.
