The mission of Martin Muoto C93 W93 is clear: to level the housing playing field for Black and brown communities across the United States. Muoto founded SoLa Impact in a garage in 2015 and has since seen the company grow into Los Angeles’s largest Section 8 landlord.

Today, SoLa Impact runs $180 million in affordable housing and commercial real estate funds in minority neighborhoods around the city. And with the announcement of SoLa Impact’s new Black Impact Fund, which aims to raise $1 billion to invest in and near designated opportunity zones, Muoto is looking to establish one of the largest commercial real estate funds ever to focus on minority neighborhoods.

Read more from the Watchlist.