Refuge Homes Impact Fund I
Secure housing.
Restore lives.
Earn steady returns.
Thousands of vulnerable people in the Triangle are one housing decision away from relapse, re-trafficking, or recidivism.
The Refuge Homes Impact Fund I gives impact investors a proven way to create stable housing at scale—while targeting consistent, long-term returns.
What This Fund Does
Refuge Homes Impact Fund I is a real estate impact fund focused on acquiring and developing attainable housing for vulnerable populations, including:
Women and children rescued from human trafficking
Individuals reentering society after incarceration
People recovering from addiction
Young adults aging out of foster care
These individuals are often locked out of traditional housing due to credit challenges, criminal history, inconsistent income, and rising housing costs. Without stability, progress stalls and cycles repeat.
We solve this by combining mission-aligned real estate ownership, in-house construction, experienced property management, and established nonprofit partnerships.
Why Refuge Homes
6+
Years of
Operating History
17
Homes
Created
50+
Residents
Served
9
Homes Currently
Under Construction
8
Nonprofit Partners
and Growing
1,000+
People with Housing,
as the Model Scales
This is disciplined impact investing—built on execution, not theory.
Investor Snapshot
Fund Overview
Target Raise:
Up to $20M
Fund Term:
10 years
Minimum Investment:
$100,000 (accredited)
Crowdfunding Option:
StartEngine SPV ($1,000 min)
Target Returns
Preferred Return:
5%
Target IRR:
10–12%
Cash Flow:
Ongoing rental income
Appreciation:
Long-term appreciation and selective affordable housing sales
Structure
Offering Type:
Reg D 506(c) offering
Structure:
GP / LP structure
Equity Split:
80/20 (LP / GP)
Management Fee:
1% AUM fee
Measurable Impact
1,000+
Individuals and families housed
20+
Nonprofit organizations supported
Broken Cycles
Reduced homelessness, relapse, recidivism, and re-trafficking
Ongoing Reporting
Impact tracked through nonprofit partner reporting
Your capital creates transformation—not temporary solutions.
Next Step
Become an Impact Investor
If you’re ready to align your capital with meaningful, measurable impact—without sacrificing financial discipline—we invite you to explore Refuge Homes Impact Fund I.
Schedule an Investor Call
Frequently Asked Questions
Donations fund programs, but programs struggle without stable housing. This fund owns and controls the housing, giving nonprofit partners a long-term physical foundation while allowing investors to pursue financial returns alongside measurable impact.
Refuge Homes Impact Fund I is offered under a Reg D 506(c) exemption and is open to accredited investors only, with a $100,000 minimum investment. A separate crowdfunding option is available through StartEngine for broader participation.
Yes. Refuge Homes Impact Fund I has been approved by the Impact Foundation. If your current DAF provider does not allow for-profit investments, you can create an Impact Foundation DAF account, make a grant from your existing DAF to your Impact Foundation DAF, and invest from there.
Returns are generated through rental income, long-term property appreciation, and selective sales of affordable housing. Investors receive a 5% preferred return, with a target IRR of 10–12%, based on fund performance and underwriting assumptions.
Risk is addressed through diversification across properties and nonprofit partners, conservative underwriting, in-house construction cost control, experienced property management, and a proven operating model. Full risk disclosures are provided in the Private Placement Memorandum (PPM).
Our nonprofit partners provide regular reporting on housing stability and program outcomes, such as reduced relapse, recidivism, and re-trafficking. Impact metrics are tracked alongside financial performance.
Qualified investors receive access to a secure data room containing the PPM, operating agreement, financial projections, team bios, and due diligence materials.