Sola Impact, a Los Angeles-based real estate firm, has faced significant challenges despite its rapid growth in affordable housing development. Founded by Martin Muoto, the company departed from traditional methods by utilizing private funding and minimizing costs. By mid-2022, it had renovated 1,500 units and initiated the development of 4,500 new units, establishing itself as the largest Section 8 landlord in the city. Despite attracting high-profile investors like CalSTRS, scrutiny over firm practices has raised concerns regarding its operations and future viability.
Sola Impact, led by Martin Muoto, has revolutionized affordable housing development in Los Angeles by utilizing private funding to lower construction costs significantly.
By mid-2022, Sola Impact achieved 1,500 renovated units and 4,500 new units, becoming the largest Section 8 landlord in Los Angeles with high returns for investors.
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