Catalyst Opportunity Funds has invested in SoLa Impact, a South Los Angeles–based opportunity zone project sponsor. Catalyst’s initial investment of qualified opportunity zone capital will be utilized by SoLa Impact to acquire, rehabilitate and develop multifamily and mixed-use properties across several opportunity zones in the South Los Angeles market.
The SoLa projects aim to revitalize underserved Los Angeles neighborhoods such as Compton, Watts and South Central through real estate development, with additional wraparound services such as job training, financial literacy and homelessness prevention.
The SoLa investment qualified due to its high score on Catalyst’s proprietary impact scorecard. This scorecard depicts a community’s quantified need and potential impact in numerical points by assessing current health and wellness, education, food access and climate-change risk. The SoLa projects received a need-analysis rating of 34 on a scale of 0 to 100, where
