One Man's Plan to Expand Cheap Housing and Make Money Doing It

Bobby Turner runs one of a new crop of funds investing in the low-income renter. Are they crazy?

Zumba at a community fair at the Regency Pointe Apartments, a Turner Impact property, in District Heights, Maryland, on Oct. 24.

Photographer: Drew Angerer/Bloomberg

On a recent afternoon in Prince George’s County, Maryland, a bleak economic trend met a tantalizing investment thesis.

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