Paladin Realty Partners
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Parodi Serpa, Alberto Enrique
USD $ 8,750,000
USD $ 1,250,000
Project scope and objective
IDB Invest is considering an investment of up to US$10 million (including a US$5 million Blended Finance ("BF") equity participation with resources from the Climate Investment Funds and additional resources from IDB Invest's administered funds) in the Paladin Realty Latin America VI (Zero Carbon Affordable Housing) Fund (the “Fund”). The Fund will invest in the development of sustainable affordable housing, focusing on the development of dwellings that comply with the Excellence in Design for Greater Efficiencies (“EDGE”) standards, a green building certification system focused on making buildings more resource-efficient, providing savings to homeowners of at least 20% on energy, water, and embodied energy in materials vis-à-vis traditionally constructed homes. The BF investment aims at incentivizing the Fund to reach the highest level of EDGE certification, EDGE Zero Carbon, across the Fund's portfolio of assets.
The Fund will be managed by Paladin Realty Partners, an established investment manager with more than 20 years of experience in the development of housing in the region.
The Project aims at increasing the availability of capital for the development of sustainable housing, undertaken by mid-sized developers, and targeting middle-income populations of Mexico, Colombia, Brazil, and Peru.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Managing Director, Chief Investment Officer
1 310 996-8754
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005