Fairstead, a major affordable housing developer and owner, has announced a $100 million commitment to invest in proptech startups and bring leading-edge technology to its properties and residents.

“The creation of Fairstead Ventures advances our dedication to fundamentally changing the standards in the housing industry, particularly at the intersection of sustainability and affordability,” said Jeffrey Goldberg, CEO of Fairstead. “By utilizing our capital and expertise in private equity and venture investing, we will bring innovative solutions to affordable housing nationwide.”