The City of West Palm Beach (Fla.) has committed $10 million to Affiliated Housing Impact Fund II, a vehicle of Affiliated Development.
Affiliated Housing Impact Fund II is a value-added, closed-end fund, with a focus on multifamily affordable housing in South Florida. A fundraising goal has not been disclosed.
This commitment follows a $7 million investment to the fund from Miami Beach Firefighters’ and Police Officers’ Pension Plan in February. In 2020, Affiliated Housing Impact Fund II, its predecessor, closed with $10 million.
