Greystone is partnering with the Housing Association of Nonprofit Developers (HAND) to launch a new Equity in Action partnership aimed at boosting affordable housing real estate investments in minority communities throughout the mid-Atlantic region, Commercial Observer has learned.
The initiative will involve real estate developers from the Black, Indigenous, People of Color (BIPOC) communities, who will gain direct access to Greystone’s debt and equity platforms for affordable housing construction, refinancings, recapitalizations and acquisitions.
“Greystone is executing on its commitment to help reduce barriers to accessing capital for communities of color and beyond, and we are hyper-focused on bringing the benefits of our debt and equity solutions to groups that need them most,” Steve Rosenberg, founder and CEO of Greystone, said in a statement.
As HAND’s first financing partner, Greystone will offer guidance for the creation and preservation of multifamily housing and community development projects.
Read the exclusive in Commercial Observer.