Holland & Knight advised Habitat Capital, Habitat for Humanity International's community development financial institution, in its new partnership to establish an $82.5 million property acquisition fund to boost affordable housing production throughout the U.S. The partnership, announced on March 6, aims to increase production by an estimated 1,000 homes – a projected 5 percent increase over Habitat's most recent baseline production of 3,482 housing units.
The capital was raised through the support of mission-aligned investors, with an innovative structure and impact-driven operational principles. This includes Class A investors such as JPMorgan Chase, Wells Fargo and Enterprise Community Loan Fund. Class B investors include ImpactAssets, Arnold Ventures, the Annie E. Casey Foundation and equity from Habitat for Humanity International.
Habitat Capital, headquartered in Atlanta, Georgia, creates and provides financial services and capital that enable equitable homeownership opportunities and affordable housing solutions for underserved people.
Holland & Knight' representation of Habitat Capital was led by Partner Nellie Sullivan and real estate finance attorney Jill Bustamante.
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