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While opportunity zone investments have become wildly popular, the core values of the investment model call for social impact investing. Catalyst Opportunity Zone Funds has created a social impact scorecard to ensure it is meeting both community and investment needs on opportunity zone projects. The scorecard measure the needs of the community, ensure those needs are met with the project and delivers market-rate returns to investors.

“We have an impact scores card and measurement framework that we invested a lot of time and energy to create over the last six to nine months,” Jeremy Keele, managing director at Catalyst, tells GlobeSt.com. “It does a few things. On the one hand, it identifies community needs in a particular zip code or census track. That could mean that local residents don’t have healthy, nutritious foods from a grocery store or that there are affordability issues for housing. The second part is an impact underwriting assessment tool that allows us to under stand how the project will address the needs. That receives an objective score based on a data set that we have access to.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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