Fund will provide flexible capital to support minority and novice developers
December 9, 2022 (MIAMI)—SELF has launched the SAGE HOMES Fund to spur the development of affordable, climate-resilient housing. The Fund supports minority and novice developers, providing flexible capital and technical assistance to fill financial gaps and catalyze new development. Funding for SAGE HOMES is made possible by an investment from JPMorgan Chase & Co.
“SAGE supports projects led by community members, for community members with a focus on minority, black, latino and female led midsize affordable housing developments. We are excited to begin this work in South Florida, with the goal of scaling our model across the Southeast,” says Duanne Andrade, SELF Chief Strategic and Financial Officer.
SELF is a green bank and Community Development Financial Institution (CDFI) with a 12-year history of providing accessible financing to help upgrade and increase the supply of homes that are affordable, healthy, and sustainable. SELF is committed to advancing climate equity for a just transition to a clean energy economy. SELF is also a founding member of Mayor Daniella Levine Cava’s Building Blocks Fund in Miami-Dade County, which connects developers with various sources of flexible capital for the creation and preservation of diverse and inclusive affordable housing.
For more information on the SAGE HOMES Fund, contact:
Phone: 901 282 7686
For Media Inquiries and Interviews contact:
Phone: 772 971 6367