CIM Group and Bryant Group Ventures Launch Affordable Housing Partnership with Flagstar Bank and Truist Bank Anchor Investments

CIM Group and Bryant Group Ventures have launched an impact-driven partnership, CIM-BGV Impact Ventures, to address the affordable housing crisis in the US. The partnership's CIM-BGV Affordable Housing Impact Fund secured over $250 million in investment capacity, with anchor investors Flagstar Bank and Truist Bank. The fund aims to invest in existing properties and ground-up developments in underserved markets, with a focus on financial literacy education and community impact initiatives.