Two weeks ago, we released Version 1.1 of the Multifamily Impact Framework™, after months of collecting your feedback and input following the Framework’s initial release in May. Thank you all for your comments and advice. It was immensely helpful, and we are so proud to have released the final version for 2023.
So far, nearly 100 organizations have downloaded version 1.1. You can get the Framework here if you’ve not already done so.
The Framework delivers on the primary mission of the Multifamily Impact Council (MIC): To establish a standard framework of principles and reporting guidelines to help attract more impact-motivated capital into U.S. rental housing.
But we didn’t design the Framework as a thought exercise. We built it to be put to use. In order for us to build a market-based standard of impact investing principles, it is critical for us to support and encourage organizations across the industry to adopt the Framework into their impact strategies.
I am pleased to report that, within the first week of release, six organizations have already agreed to adopt the Framework, and we are so thankful for their commitment!
In this month’s newsletter, we highlight these organizations and provide a summary of how to adopt the Framework, the benefits of doing so, and how we can help you along the way.
As always, we appreciate your interest and collaboration, and we look forward to further expanding our network of friends in the months to come. Please forward this email to anyone you think might be interested in our mission and the Framework.
Version 1.1 is our final update this year. We’ll continue listening to feedback over the coming months and will release another update in 2024.
Meanwhile, our focus at MIC now shifts toward three priorities:
- Building partnerships to integrate the Framework with ESG benchmarking and impact reporting firms.
- Growing our platform to share more resources and best practices to support impact-focused organizations.
- Encouraging more organizations to download AND adopt the Framework.
I’m proud of what MIC, with your help, has accomplished in 1.5 years of existence. And I’m particularly proud of the Multifamily Impact Framework™, but we’ve only just begun.
As we head into the year’s final quarter, I hope you’ll adopt the Framework and join us in our work to help the industry do well, do good, and do more to support affordable and sustainable rental housing in the United States.
Thanks for reading,
Multifamily Impact Council