Local partners in Charlotte, North Carolina, created a $58 million Housing Impact Fund, which they will use to acquire and preserve naturally occurring affordable housing (NOAH) properties in the city. NOAH properties maintain affordability through deed restrictions, while providing small, steady returns. The fund requires that any sales invest 60 percent of profits to affordable housing. The commitment reflects a shift in priorities toward housing preservation to address affordability and homelessness. “If we had just focused on new build, we would not be moving the needle,” stated LISC Charlotte executive director Ralphine Caldwell.