Press release content from Newswire. The AP news staff was not involved in its creation.
Ellavoz Impact Capital and New Jersey Community Capital Launch Ellavoz Shared Values Opportunity Fund III
February 16, 2021 GMT
NEWARK, N.J. - February 16, 2021 - ( Newswire.com )
New Jersey Community Capital (NJCC) and Ellavoz Impact Capital announced today the launch of the Ellavoz Shared Values Opportunity Fund III. The $50 million fund will focus on investing in affordable residential housing projects and mixed-use commercial developments in New Jersey Opportunity Zones. To date, 17 New Jersey and four Florida communities have been targeted for investment. The Fund is focused on single family and multifamily properties that retain affordability as well as selected commercial real estate development that create and preserve quality jobs. The Fund embraces a “Shared Values” investment strategy - that social impact of all investments are weighed equally with the need for a market rate risk adjusted return to investors.