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Accelerating Affordable Housing

 

Commercial real estate remains one of the least diverse industries in the US. Goldman Sachs is hoping to change that.

Goldman Sachs made a commitment to invest $75 million in the National Affordable Housing Trust (NAHT) “Black Developers Initiative,” a fund that will finance affordable housing projects sponsored by primarily Black women-led developers. Through the NAHT “Black Developers Initiative,” GS is providing capital to Laurel Street, a Black woman-led real estate firm, to develop South Meadows, a mixed-use project in Rome, Georgia. South Meadows is a 100% affordable residential development with 80 multifamily units, all of which will be affordable to households earning between 30% and 80% of the area’s median income.

We’re honored to be working with such an amazing organization. This partnership proves that the combination of both commercial and philanthropic capital can be harnessed to help create meaningful, lasting impact.
 

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