Housing Affordability in
Collier County
Having a place to call home is essential for the well-being of individual families and community members and ensuring Collier County’s continued economic growth and success. The effectiveness of our community’s response to its housing needs will determine its future — and ensure a vibrant, diverse, and economically healthy Collier County. As the need for affordable, stable, and quality housing options for all types of households and income levels continues to rise – so does the need for a collective response with public, private, and philanthropic alignment, action, and investment.
The Collier Community Foundation is uniquely qualified to play a leadership role in this effort. Through the newly created Collier Housing Impact Investment Fund, the Foundation will serve as the catalyst for investing in solutions to housing affordability.
“With an investment of $1 million from our unrestricted assets, the Collier Community Foundation has launched the Collier Housing Impact Investment Fund. We invite the community to join us as we strive for the phase one goal of $10 million that will set Collier County on the path to a solution to our affordable housing crisis.”
– Rob Funderburg, Foundation Board Chair
Investing in Solutions
The Collier Housing Impact Investment Fund is a revolving loan fund, for developers, designed to achieve a social and financial return by closing funding gaps that can inhibit housing affordability. Through impact investing, this innovative model provides short-term, low-interest loan capital to both nonprofit and for-profit developers. When the loans are repaid, the monies are reinvested to fund new initiatives, thus creating sustainability.
For example, a loan may be provided during pre-development (zoning, permitting, land acquisition) where projects are often delayed or derailed due to limited financing, helping to eliminate this barrier will incentivize and increase inventory that is desperately needed today.
Call us at 239-649-5000 to learn how you can make an impact-focused investment or scan the QR code and start investing today!
