Housing Trust TECH Fund Impact Evaluation

Housing Trust is a certified CDFI (Community Development Financial Institution) using transformative housing finance and public and private partnerships to create more equitable and affordable communities. One of Housing Trust’s most impactful initiatives to date has been the TECH (Tech + Equity + Community + Housing) Fund. Launched in 2017, the TECH Fund has provided developers with flexible financing to compete for land acquisition on the open market and start up projects and has given large employers and philanthropic organizations a way to make an impact on affordable housing. 

Housing Trust partnered with CPC to conduct an impact evaluation of the TECH Fund, quantitatively and qualitatively exploring the impacts of the TECH Fund on developers, households, and the affordable housing ecosystem. Our research included: 

• A review of existing literature on the positive social, health, and economic impacts of affordable housing 

• Quantitative analysis of metrics like units built and dollars disbursed 

• Interviews with diverse stakeholders, including TECH Fund investors and borrowers 

• Case studies on four impactful projects across the region 

Throughout the process, our team worked closely with Housing Trust to respond nimbly to their needs and ensure a high-quality evaluation that did justice to TECH Fund’s impact.