Sola Impact
SoLa Impact is a family of social impact, real estate funds focused on high-quality affordable housing, catalyzing economic development, and providing access to educational opportunities in low-income communities. SoLa Impact was recently recognized as the nation’s leading Urban OZ fund by Forbes & the Sorenson Impact Center. We leverage robust, data-driven social impact strategies to not only improve the communities we invest in, but to deliver superior financial returns.
SoLa Impact currently owns and manages a portfolio of 1,500+ apartments in the greater South Los Angeles area. With multiple projects in various stages of rehab, construction, and pre-construction, we are positioned to build and renovate another 1,500 affordable units with our current pipeline of Opportunity Zone projects. In addition, we acquired and are rehabbing “The Beehive”, SoLa’s Opportunity Zone Business Campus that has garnered nationwide attention.
We believe the most effective way to impact key societal issues such as homelessness, the cycle of poverty, access to education, and the lack of economic opportunities lies in leveraging measurable, data-driven social impact strategies. We gain insight from the data to connect our tenants with resources from our partners and internal programs to help ensure their success. Approximately 85% of our tenants come from disadvantaged backgrounds:
53% were formerly homeless
70% hold a housing subsidy
33% are survivors of domestic violence
60% live below the poverty line
SoLa strives to prevent homelessness, break intergenerational poverty, create jobs, and help revitalize the underinvested communities of South LA. With our philosophy to uplift, not uproot, SoLa provides tenants with access to workforce training, job placement, financial literacy, and educational opportunities designed to enhance their health, well-being, job skills, and economic trajectory.
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