BELMAR, N.J.--(BUSINESS WIRE)--Ellavoz Impact Capital (EIC) has announced Jeffrey Crum as their Chief Operating Officer. Mr. Crum is a seasoned community development and affordable housing executive with nearly two decades of experience. In joining EIC, he will be responsible for helping the organization grow its impact investment portfolio, expand partnerships with community development financial institutions and nonprofit housing organizations, and increase the firm’s direct project sponsorship opportunities.
“I’m thrilled to join the vibrant and growing EIC team. EIC is quickly emerging as one of the leading impact investment and asset management firms focused on creating wealth building opportunities for moderate- and workforce-income households while also building and investing in community revitalization projects designed to support low- and moderate-income communities. EIC’s strategic vision of partnering with nonprofit organizations and government agencies to develop projects and programs that create wealth building opportunities for working families while delivering double and triple bottom line returns is a real niche in the impact investment space. I’m excited to help EIC and its partners deepen and growth their impact.”
Mr. Crum has spent more than a decade with New Jersey Community Capital as the firm’s Chief Investment Officer and head of its real estate affiliate, Community Asset Preservation Corporation (CAPC). During his tenure, NJCC built/renovated nearly 2,500 housing units in multiple states. Mr. Crum also worked for Community Development Trust helping this affordable housing REIT acquire the Essential Housing portfolio in partnership with Goldman Sachs Urban Investment Group and The Michaels Organization. The $1.2 billion transaction preserved more than 10,000 affordable housing units across 90 communities. His other experience includes working for nonprofit housing development corporations and a Low-Income Housing Tax Credit developer. In total, Mr. Crum has worked on projects with a total capitalization of approximately $3 billion.
Robert Hutchins, CEO of Ellavoz Impact Capital said, “I am excited to have Jeff Crum join the Ellavoz team as we grow our unique asset class for HNW individuals and family offices to invest in social impact projects that build sustainable communities while also rewarding investors for their participation. Jeff is a nationally recognized expert in real estate and economic development for underserved communities. He now completes our senior management team and positions Ellavoz Impact Capital to grow beyond New Jersey and Florida markets.”
About Ellavoz Impact Capital
EIC is an impact investment advisory and asset management firm that focuses on sustainable community development. EIC clients invest in quality residential real estate opportunities in two of the strongest markets in the United States – Florida & New Jersey. Within these markets, the EIC strategy concentrates investments into price attainable housing by working together with local nonprofits and government officials. This public/private partnership creates a powerful catalytic change in the community, while offering competitive risk-adjusted returns.
To learn more about the EIC family of funds, visit us at www.ellavoz.com or contact the following members of our team below.
