Investments in housing and community development

In 2022, Grow America financed four social infrastructure projects using its most recent New Markets Tax Credits allocation.
We also financed 1,098 units of affordable housing using its HEDC Corporate Equity Fund.

The four social infrastructure projects financed in 2022 had a combined total cost of $116.3 million.
The 1,098 units of affordable housing financed in 2022 had a total cost of $245 million.

In 2022, we innovated by providing specialized technical assistance for planning, designing, financing, construction, and operation of any type of social infrastructure facility.
This service brings a level of expertise and technical know-how to a local government or non-profit that doesn’t have the budget or technical skills to do the work themselves.

Our work in 2022 had a positive impact on communities across the country.
The four social infrastructure projects financed in 2022 will provide much-needed services to low-income and underserved communities.
The 1,098 units of affordable housing financed in 2022 will provide much-needed housing to low-income families.
Grow America’s specialized technical assistance will help local governments and non-profits build the social infrastructure facilities they need to improve the quality of life for their residents.