How Martin Muoto Envisions “Leveling the Playing Field” with SoLa Impact’s New Funds The founder and CEO of SoLa Impact talks about his plans for the new Black Impact Fund and what type of investors it’s targeting.
Martin Muoto, founder and CEO of the Los Angeles-based SoLa Impact socially driven real estate funds, talks a lot about “leveling the playing field.” In Muoto’s universe, that field is populated by residents of Black and brown communities across the country.
As part of Muoto’s ongoing campaign to level the playing field, he recently launched the $1 billion minority-led Black Impact Fund, which will invest solely in affordable housing for Black and brown communities in major urban areas. Actually, the fund comprises two funds: a $500 million Opportunity Zone fund and a $500 million non-Opportunity Zone fund.