A $100 million fund will make available flexible capital to nonprofit housing providers so they can acquire quickly properties that are at risk of becoming unaffordable. This funding is particularly needed in highly competitive housing markets, where the supply of affordable units is increasingly limited. The Fund to Preserve Affordable Communities was created by a network of organizations, including the Low Income Investment Fund, National Affordable Housing Trust, and Stewards of Affordable Housing for the Future. All three organizations also participated in MacArthur's Window of Opportunity initiative, which invested more than $150 million to preserve and improve affordable rental housing nationwide.
