CCA is proud to have supported Crankstart with an investment that brings innovation and impact to the affordable housing crisis.
"Crankstart was proud to make a $10 million Program Related Investment that helped make 168 affordable apartments available for low-income households," said Missy Narula, CEO of Crankstart.
We applaud how Crankstart and Catalyst Impact Fund, Inc. (CIF), a California-based nonprofit housing investor, are able to reduce rents as much as 50% inside of current market rates and develop a renter wealth creation model to empower intergenerational economic mobility.