When it comes to affordable housing finance, Alecia Hill knows what it takes to produce solid returns—and make a difference.
Alecia Hill, Vice President of Impact Investments, FCP. Image courtesy of FCP
“There’s a lot of work to be done!” With this attitude and motivated by all the inequality aspects visible in the multifamily industry, FCP Vice President of Impact Investments Alecia Hill is relentlessly working to make impact investments the standard across real estate. She has a lot of experience with Opportunity Zone funds and affordable housing finance, and she’s also well-versed in business development and strategy.
“We saw in 2020 over $20 billion in impact funds…and the industry today has grown to over $1 trillion as of last year relative to the information that the Global Impact Investing Network has sourced,” Hill told Multi-Housing News Senior Editor Laura Calugar in the June episode of Mission Success: Women in Multifamily.
With impact strategies gaining momentum as investors keep pushing for change through their investments, Calugar asked Hill to talk about the trends she’s seeing in creating and preserving affordable housing projects, dispel myths about impact investing and share details about FCP’s approach toward impact investing in the current economic landscape. Here’s what else you’ll hear about in this episode:
- how her career in impact investing began (1:10)
- how the pandemic changed attitudes toward making social impact (3:27)
- FCP’s approach to impact investing today (7:35)
- managing investor expectations (10:07)
- myths about impact investing (15:00)
- analyzing potential deals (20:59)
- the most sought-after impact-related housing investment instruments (24:30)
- the ripple effects of impact investing in the multifamily industry (29:15)
- advice on impact investing (32:17)
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