Housing Impact Fund has committed to create quality, affordable communities where 30% of units serve 30% AMI and below households, 50% of units serve 60% AMI and below households and 20% of units serve 80% AMI and below households. The Fund helped create an innovative program with Mecklenburg County and the City of Charlotte which converts property taxes into rental subsidy payments that serve 30% AMI and below households at all of its properties.

The Fund has successfully contracted over 90% of its renovation work with minority-led companies, creating jobs and growing small businesses in the Charlotte region. In addition, Housing Impact Fund has invested in wrap-around services through a myriad of partnerships to assess and respond to resident needs in the areas of health, education, financial wellness and workforce development. 

Housing Impact Fund I was launched in November 2020 totaling $58 million of social impact capital. HIF I acquired, renovated and preserved 5 communities totaling 805 apartment units serving over 2,000 residents. 

Housing Impact Fund II was announced in August 2023 with $67 million of social impact capital from dozens of corporations, foundations, families and individuals. With key investments from Truist, PNC, Atrium, Honeywell and Leon Levine Foundation, its goal is to preserve 1,200 units of NOAH over the next two years in opportunity-rich areas across Charlotte.