Eva Longoria Adds Star Power to Housing Impact Fund

Eva Longoria has long been a social activist and a philanthropist. Best known for her role as Gabrielle Solis on the ABC television show Desperate Housewives, the actress, who was raised in Texas by ninth-generation Mexican-American parents, started her own charitable foundation in 2012. The Eva Longoria Foundation aims to help “Latinas build better futures for themselves and their families through education and entrepreneurship.”

Now Longoria, who has a women’s apparel line coming out this fall, is blending her entrepreneurial talents and her philanthropic interests by teaming up with real estate executiveBobby Turnerto launch a new Turner Impact Capital fund devoted to housing for moderate-income workers.

“我所有的宣传都在拉丁裔社区，”41号，41人表示，担任巴拉克·奥巴马总统2012年举行竞选主席，并支持希拉里克林顿总统。她的大部分工作都涉及农场劳动者。“每次我和他们在现场在一起，都有很多次的人会开三个，三个，四个小时来工作然后开车回家，”朗格利亚说。“这对他们来说是如此征税 - 在他们的身体上，以他们的生活质量为单位。”

Longoria says her efforts to help such workers had focused on improving labor conditions: “getting people better pay, getting them breaks, getting them water.”

The lack of affordable housing close to job sites makes life tougher for middle- and low-income workers, their families and their communities. “With my charity, we work a lot on education,” Longoria says. “Mom and Dad were driving home; Mom didn’t have time to help the kids with their homework.” Yet Longoria had seen little opportunity to address the housing problem until her friend Turner offered a solution in the form of a for-profit investment fund.

TheTurner Multifamily Impact Fundwill provide accommodation for moderate-income workers, those who earn up to 80 percent of the local median and make too much to qualify for subsidized housing. The closed-end fund is looking to acquire and improve workforce housing, mostly apartment buildings, in densely populated, ethnically diverse urban centers throughout the U.S. For a family of four in Miami, 80 percent of median annual income is $38,720, according to government data. In Washington the threshold is $85,600; in Los Angeles it’s $48,480.

If families spend half or more of their income on rent, they have little available for other needs such as food, transportation and clothing. But with real estate prices soaring, property developers are buying up lower-income units and turning them into more high-priced or luxury housing, which many workers can’t afford.

特纳说，他希望在基金会拥有的建筑物中租住者，包括教师，警察，护士，消防员和市政工人等服务专业人士。该基金有针对性计年度净收回10％至12％的基金，正在寻求筹集3亿美元;它已经拥有洛克菲勒兄弟基金，密歇根大学等投资者的额外200万美元潘兴广场基础，由对冲基金经理创立William Ackmanand his wife, Karen.

洛杉矶特纳不按章工作感到高兴g with Longoria. “I am hashtag stoked,” says the money manager, who launched $750 million Turner Impact in 2014 after a career heading the real estate business at alternative-investment firmCanyon Partners. “Eva is not passionate about this stuff; she is fanatical. I only partner with people who are truly authentic and tireless.”

This isn’t the first time that Turner, 53, has joined forces with a celebrity to develop a fund. The Turner-Agassi Charter School Facilities Fund was founded in 2011 with retired tennis great安德烈阿加西, a charter school advocate. At Canyon, Turner also developed a series of funds with basketball legend Earvin (Magic) Johnson that invested in inner cities.

In the case of the Turner Multifamily Impact Fund, Turner says that one way his firm will add value to properties is by boosting neighborhood services and resources. This includes aiming to partner with the Turner-Agassi fund to improve schooling and education options.

Longoria说，她喜欢多救护业的影响基金提供完整的社区解决方案。“关于这个基金的惊人是它的含义，这些社区的所有需求，”她指出。“它解决了这么多的问题。”特纳冲击计划计划与非营利性公共机构和其他服务提供商对齐，使得医院等资产到社区。它还可以提供适合良好的计划，社区体育活动和校外辅导等建筑设施。

愿居民可能希望避免紫藤里的戏剧，虚构的街道在哪里Desperate Housewiveswas set, but they’ll be happy for Longoria’s support as a champion of working communities.

访问Imogen Rose-Smith’s blogand follow her on Twitter at@imogennyc.