Charlotte’s brilliant plan to save affordable homes is a blueprint for …

The Housing Impact Fund is an investment fund that focuses on buying and preserving naturally occurring affordable housing in Charlotte. It recently raised $67 million to acquire de facto affordable housing projects and is expected to preserve another 1,200 units, on top of the 800 units it acquired with its first round of funding. The fund is unique in that it keeps rents affordable for low-income renters for 20 years.