Strong Communities, Strong Business

A thriving workforce depends on housing people can afford.

The Pfister Housing Impact Fund is a business-led investment opportunity designed to strengthen Arizona's economy by expanding workforce housing at scale.

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See the Investment Case

At a glance

Investor-focused, impact-driven financing to accelerate workforce housing across Arizona.

$ M

Target Capitalization

Units targeted

AMI

Affordability focus

WHY THIS FUND, AND WHY NOW

Arizona's growth has been a success story. But housing supply has not kept pace.

For employers, this is not just a housing issue. It’s a workforce and competitiveness issue. Companies cannot grow, attract talent, or retain employees if working people cannot afford to live near jobs. The Pfister Housing Impact Fund was created to align capital, leadership, and urgency around this shared economic priority.

WHAT IS THE PFISTER HOUSING IMPACT FUND

An investment fund created by Greater Phoenix Leadership and managed by RDF.

Definition

The Pfister Housing Impact Fund is an investment fund created by Greater Phoenix Leadership, a civic organization of local CEOs focused on strengthening Arizona's economic vitality and quality of life.

How it invests

Managed by Phoenix-based nonprofit lender RDF, the Fund provides flexible, below-market financing to for-profit and nonprofit developers building housing affordable to working families while offering investors a disciplined, impact-driven opportunity.

The case for investing

Designed for investors who want measurable impact and economic strength.

The Fund is designed to appeal to investors who want to:

Protect and strengthen the regional economy
Support workforce stability for employers
Deploy capital with measurable impact
Recycle capital over time to expand results
Partner alongside trusted leadership and experienced fund management

Momentum

Significant commitments are already in place. The Fund is actively raising capital and inviting additional investors to participate.

Founding Investors

The Pfister Housing Impact Fund launched with early commitments from respected leaders who recognized both the urgency of the housing challenge and the opportunity to invest in Arizona’s long-term economic strength.

How The Fund Creates Impact

Capital that works—again and again.

The Fund will deploy revolving investment capital, providing below market rate and flexible financing that helps affordable housing developers cover pre-development, land acquisition, and construction costs. As loans are repaid, capital is reinvested into a new projects extending impact well beyond a single development.

The fund will prioritize projects located on land owned by mission-aligned public or private organizations (such as schools, churches, or health clinics) helping unlock underutilized sites while strengthening community institutions.

Deploy

Revolving capital is deployed through below-market, felixble financing.

Reinvest

Loan repayments return capital to be reinveseted into new projects.

Scale

Impact extends beyond a single development as capital recycles over time.

Initial goals

The initial goal is to help finance at least 1,500 workforce housing units with a minimum of 80% of homes affordable to residents earning 120% of Area Median Income and below.

Why this approach works

Business-led. Impact-first. Built to scale.

Business-led: Created by CEOs who understand housing as an economic driver
Impact-first: Designed to produce measurable housing outcomes
Professionally managed: Overseen by RDF
Scalable: Capital is recycled to support multiple projects over time
Collaborative: Aligns private, philanthropic, and public interests

Who should participate

Financial institutions
Foundations and philanthropic investors
Corporations and employers
Mission-aligned investors
Public partners interested in catalytic capital solutions

Participation can take several forms, from equity investments to loans that carry different levels of risk and return

Why it's named the pfister housing impact fund

Honoring a legacy of collaboration

The Fund is named in honor of Suzanne Pfister, a beloved Arizona leader and civic champion whose life’s work was rooted in bringing people together to solve complex community challenges. Suzanne most recently served as President and CEO of the Vitalyst Health Foundation, where she spent more than a decade advancing health, equity, and cross-sector collaboration across the state.

Suzanne understood that housing is foundational not only to health outcomes, but to a community’s economic stability and workforce strength. She recognized housing for working families as a critical issue that required coordinated leadership from multiple sectors. The fund was Suzanne’s idea. Under her leadership, Vitalyst committed a $1 million seed investment, becoming the Fund’s first investor.

In naming this Fund after her, Greater Phoenix Leadership and its partners honor Suzanne’s legacy. Housing challenges cannot be solved by any one sector alone, and the spirit of cooperation Suzanne championed is at the heart of this Fund’s model and mission.

Join the Effort

Now is the time to engage.

The Pfister Housing Impact Fund is actively engaging investors and partners. If you are interested in. Now is the time to engange

Contact

Amy Laughlin
SVP New Markets Tax Credits, RDF

Email: [email protected]