Doing well by doing good
SoLa Impact is a family of social impact real estate funds with a double bottom line strategy focused on preserving, refreshing, and creating high-quality affordable housing in low-income communities. Our proven track record leverages data-driven social impact strategies to deliver superior financial returns.
About Us
SoLa Impact is a family of social impact, real estate funds focused on high-quality affordable housing, catalyzing economic development, and providing access to educational opportunities in low-income communities. SoLa Impact was recently recognized as the nation’s leading Urban OZ fund by Forbes & the Sorenson Impact Center. We leverage robust, data-driven social impact strategies to not only improve the communities we invest in, but to deliver superior financial returns.
Projects
SoLa Impact currently owns and manages a portfolio of 1,500+ apartments in the greater South Los Angeles area. With multiple projects in various stages of rehab, construction, and pre-construction, we are positioned to build and renovate another 1,500 affordable units with our current pipeline of Opportunity Zone projects. In addition, we acquired and are rehabbing “The Beehive”, SoLa’s Opportunity Zone Business Campus that has garnered nationwide attention.
Social Impact
We believe the most effective way to impact key societal issues such as homelessness, the cycle of poverty, access to education, and the lack of economic opportunities lies in leveraging measurable, data-driven social impact strategies. We gain insight from the data to connect our tenants with resources from our partners and internal programs to help ensure their success. Approximately 85% of our tenants come from disadvantaged backgrounds:
53% were formerly homeless
70% hold a housing subsidy
33% are survivors of domestic violence
60% live below the poverty line
SoLa strives to prevent homelessness, break intergenerational poverty, create jobs, and help revitalize the underinvested communities of South LA. With our philosophy to uplift, not uproot, SoLa provides tenants with access to workforce training, job placement, financial literacy, and educational opportunities designed to enhance their health, well-being, job skills, and economic trajectory.
Top OZ Fund
In February of 2020, Forbes Magazine and the Sorenson Impact Center recognized SoLa Impact as the nation’s leading Opportunity Zone Fund with an Urban Focus, bestowing top honors on the South Central Los Angeles affordable housing developer in the inaugural Forbes OZ 20: The Top Opportunity Zone Catalysts, which honors leaders harnessing the new tax policy to unlock transformative economic potential and create lasting change in America’s historically neglected communities.