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Bobby Turner's Multifamily Impact Fund is buying up housing units where working people live; pilot program hopes to keep rents affordable while offering perks to residents.

"Baltimore native Bobby Turner has a plan to combat the nation's diminishing supply of workforce housing, and his California-based fund has set its sights on a rental community in Prince George's County as its first test case. The Turner Multifamily Impact Fund has acquired the 599-unit Regency Pointe Apartments in District Heights with plans to roll out what it bills as an innovative program that seeks to decrease turnover by engaging its residents on a more personal level.... By providing health care, education and security services, Turner said, he hopes to encourage residents to stay for longer periods of time, decreasing carrying costs on vacant rental units in the process." -- Daniel J. Sernovitz, the Washington Business Journal

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