Creating Affordable Housing Through Innovative Real Estate Investments
Ascent Housing is a leader in the preservation of naturally-occurring affordable housing (NOAH). Based in Charlotte, Ascent Housing has leveraged partnerships to generate over $225 million towards the preservation of 1,800 quality, well-located housing units. Ascent has pioneered the use of social impact capital to create housing opportunities for households ranging from 0-80% AMI households with a deep commitment to serve those most affected by housing insecurity.
Our investments target older apartment communities in opportunity-rich neighborhoods that are vulnerable to gentrification. Our strategy protects existing residents from displacement, improves properties through meaningful renovations and ensures that rents remain affordable to 0-80% AMI households in the future.
The Impact Sponsor program recognizes our commitment to providing affordable housing and resident-centered services across our properties. We are proud to be one of a handful of organizations across the country dedicated to advancing social impact in the multi-family industry.
A $58 million fund is being used to buy up affordable buildings and keep the rents low.
– NATE BERG