New Financing Partnership Targets Low-Income Housing in the Carolinas
January 17, 2025 - 22:58
Infinity Real Estate Partners has secured an $18.75 million investment from American South Capital Partners (ASCP) to enhance its efforts in acquiring over 1,000 units of low-income housing across the Carolinas. This strategic partnership aims to address the pressing need for affordable housing in the region, which has been significantly impacted by rising living costs and increasing demand for accessible housing options.
The collaboration between Infinity Real Estate Partners and ASCP underscores a commitment to improving living conditions for low-income families. The investment will facilitate the acquisition and potential renovation of existing properties, ensuring that they meet the necessary standards for safe and affordable living.
Leaders from both organizations expressed enthusiasm about the partnership, emphasizing the importance of providing quality housing solutions to underserved communities. As the initiative unfolds, it is expected to create a positive impact on the local economy while also supporting the social fabric of the Carolinas.
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