Using Impact Investing to Support Affordable Housing
The end of both Fannie Mae’s and the Freddie Mac Foundation’s philanthropic activities will leave a significant gap in support for the Greater Washington region’s affordable housing efforts. The local funding community’s regular grantmaking won’t be able to fill this gap. Funders must explore new ways to support affordable housing in order to substantially increase their philanthropic impact. Impact investing is one of the ways this can be done.
A panel of national experts will discuss how impact investing can help advance local affordable housing efforts. Panelists will discuss a variety of ways that investments can be structured, as well as how to set up investing programs relatively quickly while mitigating risk. They will also reveal the results of their organizations’ own investments, including challenges, achievements, and lessons learned.
The Aspen Institute Program on Philanthropy and Social Innovation is partnering with the Washington Regional Association of Grantmakers to host this event.
Moderators:
- Michael Bodaken, National Housing Trust
Special Guests:
- Lori Chatman, Enterprise Community Loan Fund, Inc.
- Allison Clark, The John D. and Chatherine T. MacArthur Foundation
- Warren Hanson, Greater Minnesota Housing Fund
- Vivian Vasallo, AARP Foundation
The end of both Fannie Mae’s and the Freddie Mac Foundation’s philanthropic activities will leave a significant gap in support for the Greater Washington region’s affordable housing efforts. The local funding community’s regular grantmaking won’t be able to fill this gap. Funders must explore new ways to support affordable housing in order to substantially increase their philanthropic impact. Impact investing is one of the ways this can be done.