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NEW YORKMorgan Stanley, TruFund Financial Services and the Ford Foundation have launched  the Impact Developers Fund. The $26 million fund will provide capital to what the trio call “emerging impact businesses” that lack access to adequate affordable capital. These companies include minority and women owned real estate development companies that build, own and operate affordable housing and provide value-adding social services to residents. 

The equity capital the fund will provide will be used for working capital to acquire, develop and operate affordable housing and community services.

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Erika Morphy

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