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Arctaris Impact Investors Partners with GoodHomes for $27 Million Affordable Housing Conversion in Silver Spring.

Jul 13, 20255 days ago

Contract Type

partnership

New YorkFinancial ServicesArtificial Intelligence

Description

Arctaris Impact Investors announced a $27 million equity investment to convert the former Hotel Silver Spring into 227 units of affordable housing. The project aims to address the housing shortage in the Silver Spring community and is part of a collaborative effort with GoodHomes and Housing on Merit.

Company Information

Company

Arctaris Impact Investors

Location

New York, New York, United States

About

Arctaris Impact Investors, LLC is a Boston-based impact investment firm with over 15 years of experience. The firm focuses on revitalization initiatives in underserved communities through investments in growth-oriented operating businesses and community infrastructure projects. Founded in 2009, Arctaris partners with various foundations and government entities to invest in Opportunity Zones and targeted rural communities, aiming to deliver both financial returns and social impact.

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