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SoLA Impact secures tax credits for Crenshaw Lofts project
Apr 11, 2025•about 1 year ago
Contract Type
partnership
New YorkOtherSales And Marketing
Description
SoLA Impact has secured $29 million in tax credits to fund the buildout of commercial and tech space at Crenshaw Lofts, a 190-unit mixed-use project in Crenshaw. The funding will be used to complete the ground-floor space, which will house a tech and entertainment center and a culinary training school and café.
Company Information
Company
SoLa Impact
Location
New York, United States
About
SoLa Impact is a family of real estate funds with a double bottom line strategy focused on preserving, rehabbing, and building high-quality affordable housing in Black and brown communities. SoLa's proven track record leverages data-driven social impact strategies to deliver strong financial returns. SoLa Impact's fourth fund, the Black Impact Fund, is part of an initiative to invest over $1 billion in affordable and workforce housing and related social impact strategies across urban cities in California.
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New YorkOtherSales And Marketing