Boise, Idaho-Based Micron Technology Committed $50 Million To Spur Economic Growth and Housing Equality

Seelaus Asset Management, a women-owned business enterprise, today announced an allocation of $50 million from Boise-based Micron Technology, Inc. (Nasdaq: MU).

The allocation with Seelaus’ agency Mortgage Backed Security (MBS) impact investment strategy will seek to positively support underserved communities and underrepresented groups by increasing access to home ownership.

The strategy, known as SHE (Support Housing Equality), utilizes U.S. government-backed MBS securities to generate a competitive return while simultaneously addressing the lending gap in these communities by investing in programs specifically designed to provide access to capital.

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