Philanthropic companies that actually make money are all the rage in Hollywood these days. That’s what brought starlet Eva Longoria, most famous as one of ABC’s “Desperate Housewives,” to the neighborhood last week.
She’s an investor with Turner Multifamily Impact Fund, whose motto is “Profit with a Purpose.” Operated by CEO Bobby Turner, the $2.5 billion investment company focuses on a myriad of causes, including affordable housing. That’s where Texas-native Longoria puts her dollars. Last Thursday, she toured the fund’s sole neighborhood investment, Legends on Lake Highlands, on East Lake Highlands Drive. In addition to cheaper-than-market-average rents, the complex also provides social and medical services for residents.
“Every time we talk about this business model, it sounds so simple,” Longoria told the Dallas Morning News. “Why not provide affordable housing that provides basic needs? They want a safe place to live, they want to have access to health care and quality education. You shouldn’t have to sacrifice any of those things when you’re choosing to live somewhere.”
It is open to people who make less than 80 percent of the city’s median average income, which was $61,644 in 2015.