Seelaus Secures Seed Funders for Housing Equality Fund

North Jersey investment firm Seelaus Asset Management has drawn the support of two seed investors on the launch of its Seelaus Housing Equality Fund.

In a press release dated October 24, Seelaus the Geraldine R. Dodge Foundation and The Community Foundation of NJ will serve as seed investors and also collaborated with the firm in designing the impact investment fund, which will target economically distressed communities specifically in New Jersey while being open to expanding outside of the state.

The fund will invest in agency mortgage-backed securities and collateralized mortgage obligations described by CEO Annie Seelaus as a “liquid approach” to support affordable housing. The fund had taken a $10M first investment on June 5, per the firm’s most recent amended Form D filing in September.

View the press release here.