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The world's richest people are putting their money where their mouth is, in the form of real estate.
The world's richest people are putting their money where their mouth is, in the form of real estate.
The Bill and Melinda Gates Foundation has allocated $500 million to the Dutch Social Impact Real Estate Partnership, a joint venture between the foundation and real estate company Bouwinvest, to develop affordable housing in some of the world's poorest countries, the Telegraph reports.
The project's first development will be in the Dominican Republic, where the Gateses plan to build 2,000 homes for the poor over the next five years.
The world's richest people are also putting their money where their mouth is, in the form of real estate.
"Every society has an interest in a sustainable built environment, a place where everyone can find affordable and appropriate housing," the president of the foundation, known as BpfBOUW, said in a statement.
"Impact investing in real estate can reduce housing shortages and generate major social gains."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
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The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
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