The Fort Lauderdale (Fla.) Police & Fire Pension has approved a commitment of $5 million to Affiliated Development’s second affordable housing fund, according to meeting materials.
Affiliated Housing Impact Fund II is a value-added, closed-end real estate fund that invests in multifamily affordable housing in South Florida. A fundraising goal has not been determined. Its predecessor, Affiliated Housing Impact Fund, closed at $15 million.
Fort Lauderdale Police & Fire Pension has $1.2 billion in total assets under management, as of June 30, 2024, with $147.6 in total real estate assets and a 13.5 percent real estate allocation target.
