SoLa Impact, a leading minority-led housing developer, has announced a $25 million investment from PayPal for its fourth fund, the Black Impact Fund. The investment further scales SoLa’s production of high-quality affordable housing in California’s major urban markets. PayPal’s investment in SoLa’s Black Impact Fund is part of PayPal’s $535 million commitment to advance racial economic equity and support Black and underserved communities. “PayPal is uniquely positioned to create economic opportunity for underinvested communities. This investment will contribute to progress in closing the racial wealth gap and providing access to affordable housing in Black and…
Read MoreSoLa Impact’s Black Impact Fund Receives $25 Million Investment from PayPal to Address Racial Equity Through Affordable Housing
