IHO Launches HIFund to Benefit Affordable Housing

Santa Ana-based Innovative Housing Opportunities (IHO) has debuted its Housing Innovation Fund (HIFund), offering alternatives on how affordable housing is delivered. The HIFund will employ private funds and leverage public resources with private capital, allowing smarter, collaborative development strategies. 

The HIFund objective is to accelerate the acquisition, construction and delivery of comprehensive and catalytic developments for low- to moderate-income (30% to 120% AMI) households, while encouraging residents to transform their lives and neighborhoods.

“IHO is proud of the reputation it has built for excellence, creativity and performance working within the existing affordable housing development quagmire. But there is more we can do. As affordable housing developers know, the current oversubscribed public financing ecosystem is very costly and often takes each project more than five years and five financing sources to complete,” said Rochelle Mills, President and CEO of IHO.