Grant For NOAH Pool II LLC

A 17-year program related investment (PRI) to support NOAH Pool II LLC in the acquisition of naturally occurring affordable housing (NOAH) to maintain housing affordability for households with low incomes. NOAH Pool II LLC has a proven model for pooling capital with investors and sharing ownership with an operating partner. Acquired properties will be in neighborhoods that offer households of color access to strong schools and employment opportunities, services, and public transit. Preserving NOAH prevents the displacement of at-risk renters and contributes to their financial stability.