SoLa Impact has raised over $250 million in its fourth fund and aims to scale up affordable and workforce housing development in California’s Black and brown communities. CalSTRS’ commitment through Belay Investment Group represents the first real estate investment by the CalSTRS Sustainable Investment and Stewardship Strategies Team. LOS ANGELES, March 1, 2022 SoLa Impact, a leading minority-led real estate fund focused on affordable and workforce housing in California’s Black and brown communities, today announced that the California State Teachers’…

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…

With a commitment of over $2 million, Riot demonstrates its ongoing investment to support the Los Angeles community while also promoting diversity and inclusion in the gaming, esports, and tech industries. LOS ANGELES – January 13, 2021 – In a move to significantly narrow the digital divide, Riot Games announced a commitment of over $2 million to SoLa Impact’s I CAN Foundation to fund the buildout and operation of SoLa’s Technology and Entrepreneurship Center which will provide free technology education…

It was an honor to welcome Los Angeles Mayor Eric Garcetti along with SoLa Impact investors, partners, sponsors, and friends to The Beehive and SoLa Technology and Entrepreneurship Center on Thursday. Mayor Garcetti, SoLa Impact and our stakeholders are committed to creating pathways for economic and educational opportunity for California’s Black and brown young people and communities. Thank you to all that attended. “Thank you all for believing in LA. This Beehive is amazing. I want to bring the Vice…

SoLa Impact’s latest affordable housing property on Avalon Boulevard has officially opened its doors to provide homes and support services to formerly unhoused residents through a partnership with HOPICS. What was previously a dilapidated, fire-damaged vacant church has been transformed into a 28-unit, 100% affordable apartment building for the South Los Angeles community. Avalon’s residents will have access to a backyard garden as well as a rooftop patio with stunning views of Downtown. HOPICS, a leading nonprofit service provider supporting…

SoLa Impact hosted LA’s largest event in recognition of Digital Inclusion Week at The Beehive in South Los Angeles, in partnership with Human-I-T, Los Angeles Public Library and the Pillars to Prosperity Foundation. Special guest Los Angeles Mayor Eric Garcetti returned to The Beehive to speak to attendees of the event and stayed to distribute Chromebooks to 120 residents of SoLa Rentals, all of whom received personal invitations to the event.  “To Martin Muoto, Sherri Francois, and everybody here at…

On October 1, 2021, South Los Angeles resident Courtney and her four daughters moved into a newly renovated SoLa Rentals apartment. She and her family were accompanied by the SoLa team who provided Courtney with personalized support throughout her application process. Courtney is an essential worker with two jobs, a Section 8 voucher holder, and the sole caretaker for her four young children. She works for In Home Supportive Services (IHSS) as a provider of in-home care for elderly, blind,…

On any given night in Greater Los Angeles some 66,436 people are homeless, a 16.1% increase in LA over 2019 according to the Los Angeles County Homeless Services Agency. South LA hosts the second highest number of any area in the county. And that was before the onslaught of COVID-19.  Cristy Godby was part of this homeless crisis. She was on the streets of LA before finding her way to the homeless services group HOPICS where she was finally able to…

During COVID-19, SoLa Impact and our non-profit affiliate, The I CAN Foundation prioritized closing the digital divide in South Los Angeles by working to increase access to technology and internet connectivity. In March 2020, SoLa polled tenants and found an enormous and urgent need: 42% of tenant youth lacked the tools to distance learn and 70% of tenants could not afford internet. South LA is already a tech desert. 20% of families lack adequate internet connectivity and students are 3X…

SoLa Impact recently began a new pilot building project in our ground-up affordable housing portfolio in South LA. Panelization, the construction of building sections in remote locations and transported to building sites for construction, allows Sola Impact to build on sites typically untenable for traditional construction operations. Taking on panelization has served as the “proof of concept” that modular construction can work for our projects, accelerating construction while cutting cost. By purchasing materials well ahead of construction, we were able…