Absolutely. The space I know the best is housing. That's one of the areas we focus on.
I'll give you a quick example of something called the New York acquisition fund. This is, I think, one of the great examples of how three different groups have come together to place capital to create an impactful outcome. What the New York acquisition fund does is it acquires properties in New York City and converts them into affordable housing units on a range of scale. It could be just affordable housing for low-income people, or it could be supportive housing for people in need of that.
The government plus, I think, about seven different community foundations in the fund as it is today placed about $40 million of capital in total. The private sector placed $170 million in capital for this project.
Now, who is actually controlling the deployment of that capital? It's not the private hands that are controlling the levers of the New York acquisition fund. It's the actual service providers that are finding and developing the properties, and finding the tenants to move into the properties. There is a level of independence that occurs. What we call the finance-first investors are just looking for their return. So long as the fund can generate the return.... When you think of rental income and property appreciation, you can do that. But now the social-first investors, instead of having $40 million in capital, have $210 million in capital to actually build affordable housing.