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NEW YORK CITY— Bridge Investment Group is going big on workforce & affordable housing, deploying $619 million of capital for its strategy that involves preserving and rehabilitating affordable housing stock.

The Salt Lake City, UT.-headquartered firm is aiming to renovate 8,000 units nationwide, focused on multifamily communities wherein a minimum of 51 percent of the units have a household income of 80 percent of the area’s median income. The criteria are in line with the Community Reinvestment Act requirements.

Mariah Brown

Mariah Brown is a reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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