Below are 19 trends in the impact investing world that are most likely unknown to you, because they are developing in pockets and corners of the arena where most people don’t have visibility. One or two of these may be familiar to readers who work in the space.
LONG BEACH, CALIF. — In Downtown Long Beach, million-dollar homes, high-end condominiums and luxury apartments line Ocean Boulevard, just a few steps from the beach. The waterfront has high-rise hotels, towering office buildings and chic retail and restaurants. The city also has pockets of abject poverty.
When it comes to housing, the middle class is getting squeezed. Many tax incentives go toward affordable housing for low-income residents, and the rising cost of land and construction have many developers building market-rate projects, which doesn’t leave much room for those developers wanting to build workforce housing products, experts said.
NMHC members held a number of top-level meetings with HUD and FHFA leadership on June 27.
The Smart Agency