Loeb Guides BRIDGE Housing in $92 Million First Close of Impact Fund I

Loeb & Loeb represented BRIDGE Housing, a leading nonprofit affordable housing owner and developer on the West Coast, and its affiliates in connection with the first close of BRIDGE Housing Impact Fund I—an investment fund focusing on the acquisition, preservation and construction of affordable housing and workforce housing in high-cost real estate markets on the West Coast—raising more than $92 million in initial commitments.

BRIDGE Housing launched the Impact Fund in 2025 and is on course to raise $350 million of equity, unlocking approximately $1 billion in total investment capacity. The Impact Fund’s investments will focus on acquiring properties in California, Oregon and Washington with expiring affordability restrictions, as well as market-rate units for conversion to regulated affordable housing and workforce housing. In select cases, the Impact Fund may consider new construction projects.

Acting as fund counsel, Loeb advised BRIDGE Housing and its affiliates on the structuring and formation of the Impact Fund, as well as investor negotiations, fund documentation and operational issues.

The Loeb team was led by Corporate partner Marc Jones and included Funds special counsel Anthony “Tony” Perricone; Tax partner Ryan Austin; Nonprofits and Tax-Exempt Organizations partner Kimberly Eney; Employee Benefits partner Michael Gerald; Financial Services senior counsel Melissa Hall; and Corporate associate Nina Nguyen.

For more information, please see BRIDGE Housing’s press release.