'Impact' investor aims to make dent in $18b housing shortfall

Salvation Army community bonds raised the funds for 22 units at Westgate to be built at a cost of $9.1m. (Image: Community Finance)

Brent Melville

Fri, 23 Sep 2022

Community Finance, the impact investor backed by the Tindall Foundation and ethical KiwiSaver funds, says it has hit $100 million in housing loans and is on track to mobilise $1 billion in low-cost housing funding over the next three years.Chief executive James Palmer said the investment platform, largely financed through bond issues to Generate, Pathfinder and Simplicity funds since its inception in 2019, had $200m of bond finance in the pipeline. Some of that will come under its sister firm, Positive Capital, formed last November with Pa...

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