Multifamily Impact Framework™
The Multifamily Impact Framework™ is the operating system for multifamily impact investing in the United States.
The Multifamily Impact Framework™ establishes a baseline of common principles, definitions, and reporting guidelines for multifamily impact investments to help property owners and investors attract more impact-motivated capital into the United States rental housing market. Established by the Multifamily Impact Council, the Framework is the result of a year-long process involving interviews, research, public surveys, feedback sessions, and input from MIC’s Advisory Board that identified seven principles critical to multifamily impact investing.
These seven impact principles and how the Framework defines them are below. The Framework contains thresholds and reporting guidelines for each principle. You can use the form below to download your copy of the Framework.
And you can provide feedback on the Framework here.
Multifamily Impact Framework™ Impact Principles
Affordability is defined along a spectrum of impact that begins with the FHFA definition of affordability up to the point where 100% of the renters in a property are paying no more than 30% of their income for rent.
The definition of Housing Stability is achieved when a person is not behind on rent or financially burdened to make rent payments, 2) has not moved in the past twelve months for financial reasons, and 3) is not forced to rely on housing shelters or doubling up with another household.
Economic Health and Mobility
Economic Health and Mobility is defined by a person’s ability to improve their financial condition, standard of living, and achieve a greater level of economic mobility while living in their rental unit.
Resident Engagement is defined as having a resident services approach that ensures services and programs being provided are consistent with resident priorities goals and needs, leverage existing community resources, and create more access to on-site property staff that builds trust with residents.
Health and Wellness
The principle of Health and Wellness is defined by the incorporation of healthy building design and property management practices that create and maintain living conditions that protect and enhance the health of renters.
Climate and Resilience
The Climate and Resilience principle is defined by actions that are taken to make the property more energy efficient, reduce greenhouse gas (GHG) emissions, increase the use of clean energy, and improve the resiliency of the property and its residents to climate risk.
Diversity, Equity, and Inclusion
The principle of Diversity, Equity, and Inclusion (DEI) is defined by the incorporation of DEI policies at the organizational and property level that create more diversity, equity, and inclusivity in the workforce, management team, and ownership structure.