Fifth Third Bank Joins CIM-BGV Affordable Housing Impact Fund to Address National Housing Challenges
Fifth Third Bank has made a capital commitment to the CIM-BGV Affordable Housing Impact Fund (AHIF), joining CIM Group and Bryant Group Ventures in their initiative to invest in affordable housing in underserved communities. This commitment, alongside additional investments from existing partners Truist Bank and Flagstar Bank, has increased the Fund's total investment capacity to over $370 million, combining fund equity and access to loan capacity. Susan E. Thomas, Head of Community Development and President of the Fifth Third Community Development Corporation, emphasized the critical need for affordable housing nationwide and expressed pride in supporting a platform that brings together scale, experience, and a shared commitment to community impact.
