Affirmative Investments, Inc.
Affirmative Investments is a mission-driven finance and development firm that partners with community-based organizations to deliver projects that stimulate economic development, expand housing opportunities, and deliver critical services in low-income communities.
Affirmative Investments was founded in 1983 with foundation support and a vision to use investment vehicles to build the capacity and scale social impact work. From its founding Affirmative was truly ahead of its time by focusing on the social impact of financial investments long before "impact investing" was born. In its early years, Affirmative focused on helping organizations expand affordable housing oppurtunies across the United States. Since that time, we have facilitated the financing and development of nearly $850 million of affordable housing, representing over 6,000 units. In 2004 Affirmative expanded into the newly formed New Markets Tax Credits (NMTC) program. Through NMTCs we have utilized creative financial structuring that aligns with the priorities of multiple parties including service providers, Community Development Entities (CDEs), investors, and lenders. Affirmative has closed over 50 NMTC deals totalling $1.2 billion in development costs, $665 million in Qualified Equity Investments, and over 2,000,000 square feet of NMTC funded commercial space. Affirmative does work across the country and has completed projects in 12 states ranging from Rhode Island to California.
Address: 33 Union Street, 2nd floor, Boston, MA 02108, USA
Phone: +1 617 367 4300
FAX: +1 617 367 1133
