the san diego
Middlemarch Fund
The San Diego Middlemarch Fund provides equity investments for the construction of rental housing units affordable to San Diego County families earning an average wage.
Menu
The San Diego Middlemarch Fund provides equity investments for the construction of rental housing units affordable to San Diego County families earning an average wage.
Our mission is to invest in affordable, scalable housing that does not require public subsidies, but thrives via a fund that directly invests in housing for middle-income residents.
The Middlemarch Fund provides equity capital with below market returns in exchange for restricting housing units between 80% and 120% of the region's Area Median Income (AMI).
Investments goals are $50,000 per unit restricted at 120% of AMI to $100,000 per unit restricted at 80% of AMI (minimum 30-year deed restriction with annual inflation factor).
Contribute to the development of affordable middle-income housing within the San Diego County region.
Achieve risk adjusted equity returns of 7%.
Contribute to the revitalization and stabilization of the neighborhoods in which the investments are located.
© 2021 All rights reserved | Middlemarchfund.com
San Diego Middlemarch Fund LLC (the “Middlemarch Fund”) is a Delaware limited liability company managed by Norwood Development Strategies and advised by Civic Community Ventures.