Entrepreneurs launch clean energy-powered affordable housing startup in Chicago

Written by Kari Lydersen, Midwest Energy News

[Robert “A.J.” Patton and Erica Johnson] are launching a company that they hope will provide quality housing to lower-income residents in Chicago, and avoid gentrification, by harnessing the potential of energy efficiency and solar. At the same time, they plan to provide jobs for low-income and minority residents who are disproportionately left out of the clean energy economy.

Patton said 548 will purchase buildings in marginalized, mostly minority neighborhoods on the South and West sides that have been deemed Opportunity Zones under the federal program meant to stimulate investment. That means if someone invests capital gains in projects in the zone, a portion of federal taxes is deferred or forgiven. Read more here.

Photo Credit: 548 Capital

Previously Posted 

 Nebraska Opportunity Zones