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.”

In addition to weighing social needs when identifying and underwriting opportunities, the firm’s model also tracks the ongoing needs and impact of the investment. “The third piece is an ongoing reporting and measurement tool and how the community is evolving over time and how our investment is moving the needle over time,” says Keele.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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