Goldman Sachs invests $15 million for supportive housing in New Jersey

Aiming to provide housing options for the state’s “most vulnerable populations,” Goldman Sachs is partnering with New Jersey Community Capital to provide $15 million for supportive housing in the Garden State. Through the partnership, the Goldman Sachs Social Impact Fund is investing $15 million, which New Jersey Community Capital is using to establish the “Supportive Housing Fund.” The fund will be used to develop 80 supportive housing units in New Jersey. Supportive housing is an affordable housing option that also provides services like job training and placement to its residents.