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$1 Billion Real Estate Fund for Black and Brown Communities
SoLa Impact LLC
Martin Muoto, chief executive of the real-estate firm SoLa Impact, is doubling down on community development in South Los Angeles and other minority neighborhoods across the United States, committing $1 billion of investment into more affordable housing and more minority-owned businesses and shops – areas that have been long overlooked by the private equity world. SoLa Impact’s new Black Impact Fund will be looking for opportunities in large cities, such as Los Angeles to Philadelphia and Atlanta, as well as midsize cities like Fresno, California.
