Industry leaders establish Multifamily Impact Council

A consortium of more than 20 industry leaders from across the commercial residential real estate sector have announced the establishment of the Multifamily Impact Council (MIC), a nonprofit membership organization dedicated to establishing impact investing principles and data-driven impact reporting frameworks for the multifamily housing industry.

“As interest in socially motivated debt and equity capital continues to grow, it is essential for the multifamily industry to come together and develop generally accepted principles and reporting frameworks that facilitate the flow of impact capital and support affordable and sustainable housing investments in the United States,” said Antonio Marquez, managing partner of Comunidad Partners, who will serve as the chairman of the board of the new organization. “The Multifamily Impact Council will serve as the collaborative focal point for property owners, investors, lenders and service providers to work together to create transp