Although the margins are thin in Multifamily, there are niches that provide outsized returns without undue risk. One example is government-sponsored affordable housing. By creating public-private partnerships, it takes a lot of risk off the table, Jesse Sells, Co-Founder and COO of Impact Growth Capital, recently began a partnership with the Southern Nevada Regional Housing Authority for a $300 million development to develop 600 new Multifamily units in Las Vagas. Jesse, with his brother Sam, are raising a $300 million fund to create similar opportunities in other similarly growing MSA’s.