SoLa Impact’s Black Impact Fund Receives $25 Million Investment from PayPal to Address Racial Equity Through Affordable Housing
Commitment to minority-led real estate fund addressing affordable housing demonstrates major investors are prioritizing ESG and Diversity, Equity, and Inclusion (DEI). LOS ANGELES, January 19, 2022 - SoLa Impact, a leading minority-led housing developer, today announced a $25 million investment from PayPal for its fourth fund, the Black Impact Fund. The investment further scales SoLa’s production of high-quality affordable housing in California’s major urban markets. PayPal’s investment in SoLa’s Black Impact Fund is part of PayPal’s $535 million commitment to advance racial economic equity and…