CIM Group and Bryant Group Ventures have launched Affordable Housing Impact Fund (AHIF) and completed its latest closing with a capital commitment from KeyBank.
This commitment has triggered upsizes from Truist Bank and Flagstar Bank, bringing the fund’s total investment capacity to over $315 million through fund equity and access to loan capacity.
“KeyBank is pleased to support the CIM-BGV Affordable Housing Impact Fund and its efforts to expand access to affordable and attainable housing. This commitment reflects our longstanding focus on putting capital to work with partners who help serve and strengthen our communities,” said Celia Smoot, senior vice president – head of equity originations, KeyBank.
CIM-BGV Impact Ventures, an impact-driven partnership between CIM and Bryant Group Ventures, seeks to invest in opportunities that create and preserve affordable housing across the United States through the acquisition of existing properties and ground-up
