Bobby Turner Keynote - Freddie Mac Multifamily 2017
At our 2017 Customer Conference, Bobby Turner of Turner Impact Capital emphasized that doing good and doing well are not mutually exclusive. In fact, they’re symbiotic. By rethinking how we do business, we can both realize returns and tackle the workforce housing crisis. Bobby gave an example where he not only preserves the rent affordability of his properties, he also “enriches” them by providing unique value to the residents. He sets aside a small percentage of units for reduced rents and allots them to people who agree to volunteer their professional skills to community. The property now offers a free tutoring lounge staffed by teacher residents, free access to a nurse practitioner who lives on-site, and a community safety program headed up by police officers who live in the units. https://mf.freddiemac.com/viewpoints/lauren_garren/20180206_social_impact_investing.html
At our 2017 Customer Conference, Bobby Turner of Turner Impact Capital emphasized that doing good and doing well are not mutually exclusive. In fact, they’re symbiotic. By rethinking how we do business, we can both realize returns and tackle the workforce housing crisis. Bobby gave an example where he not only preserves the rent affordability of his properties, he also “enriches” them by providing unique value to the residents. He sets aside a small percentage of units for reduced rents and allots them to people who agree to volunteer their professional skills to community. The property now offers a free tutoring lounge staffed by teacher residents, free access to a nurse practitioner who lives on-site, and a community safety program headed up by police officers who live in the units. https://mf.freddiemac.com/viewpoints/lauren_garren/20180206_social_impact_investing.html