Welcome to EverybodyWiki 😃 ! Nuvola apps kgpg.png Log in or ➕👤 create an account to improve, watchlist or create an article like a 🏭 company page or a 👨👩 bio (yours ?)...

Martin Muoto

From EverybodyWiki Bios & Wiki


Martin Muoto
FRB Sola-Impact Martin-Muoto 553x350.jpg FRB Sola-Impact Martin-Muoto 553x350.jpg
Muoto in 2021
BornNigeria
🏳️ NationalityNigerian
💼 Occupation
Activist
Black Lives Matter in Los Angeles, United States

Martin Muoto is a Nigerian-born social activist and entrepreneur from Los Angeles, United States.[1] Muoto initiator of the creation of a fund, part of the profits of which will go to Black Lives Matter Network. He is known as the founder and managing partner of Sola Impact, a real estate company, based in Los Angeles.[2]

Activism[edit]

Muoto, the CEO of SoLa Impact, is raising $1 billion in a pair of real estate funds to develop housing for Black and Brown communities in California and across the West Coast. Martin Muoto's new Black Impact Fund focuses on opportunity zones and nearby areas. SoLa has been investing in opportunity zones, a program created by the 2017 federal tax overhaul that allows investors to defer and reduce taxes if they reinvest capital gains in designated low-income communities.[3] The $1 billion Black Impact Fund come in the wake of a Black Lives Matter Movement that highlighted a growing wealth gap, racial inequality, systemic racism, and the importance of housing and social services in certain communities. Muoto and his investment fund are attempting to level the playing field and achieve racial equality by providing accessible housing to minority communities that need it most.[4]

Black Impact Fund is that it ensures that the communities also benefit from the fund's investments, according to Martin. He specified that 13% of all asset appreciation and fees earned will go toward funding an affiliated nonprofit Black Impact Community Fund to build for-sale housing for community members to purchase at a cost — encouraging home ownership and wealth creation where it otherwise might not exist.[5]

See also[edit]


Other articles of the topics United States AND Biography  : Kim Kardashian, Ayhan Tongadur, Blain Michael "Moon" Griffon, YSL Rich Pablo, Paul Spitzfaden, Ben Toledano, Brian McKnight

Other articles of the topic United States : United States, Fritz Guy, North Korea–United States proxy conflict, Milwaukee, Oobi (TV series), The B*tchelor, Technodrome

Other articles of the topic Biography  : Alessio Sundas, Henry L. Yelverton, Andre Hinds, Ron Hassner, Everett F. Larson, Ford E. Stinson Jr., Eddy Shell
Some use of "" in your query was not closed by a matching "".Some use of "" in your query was not closed by a matching "".

  • List of Nigerian Americans
  • Lists of activists
  • List of civil rights leaders
  • Abner Louima

References[edit]

  1. "Martin Muoto, SoLa Impact". Impact Alpha. 2020-02-07. Retrieved 2021-03-13.
  2. "This Investor Has Raised $165 Million to House Black and Hispanics In Opportunity Zones". Black Enterprise. 2019-12-03. Retrieved 2021-03-13.
  3. Fung, Esther (2020-12-01). "Developer Aims to Raise $1 Billion for Investing in Minority Communities". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-03-13.
  4. "LA Real Estate Investor Raising $1 Billion for Minority Communities". spectrumnews1.com. Retrieved 2021-03-13.
  5. "Los Angeles Businessman Announces $1 Billion Black Impact Fund". Los Angeles Sentinel. 2020-12-02. Retrieved 2021-03-13.

External links[edit]


This article "Martin Muoto" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Martin Muoto. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.