Impact Investing

Homewise Orpheum Theatre 2017

Now in its second year, the Foundation’s Impact Investing Committee continues to pursue local investments that support programs to:

• Stimulate entrepreneurial initiatives and economic development • Improve the lives of low income people through the creation and retention of jobs offering living wages and benefits • Provide access to affordable capital • Offer affordable housing • Provide quality education • Enhance the quality of life in the Greater Albuquerque Area

The Foundation’s second two impact investments were made this year:

TRAMWAY VENTURE PARTNERS

An early stage fund making equity investments in high return opportunities in health care and life sciences in New Mexico.

HOMEWISE ORPHEUM THEATRE

Homewise, a nonprofit organization focused on first time home ownership purchased the Orpheum Theatre Building on Second Street and Coal in Downtown Albuquerque. A low interest loan from the Foundation supported renovations to revitalize the building to include a community classroom/performance space, artist studios, apartments, gallery space and the Homewise Albuquerque homeownership headquarters. The Foundation’s Impact Investment Committee found this project to be an important piece of Downtown revitalization.