Preserves, develops, stewards, and manages over 50 permanently affordable real estate to positively impact lives and communities in Colorado. Utilizes dedicated low-interest funding sources (e.g., revolving loan, transit-oriented development fund, etc.) for property acquisition and community land trust ground lease model (used by 12 properties).

Sources and Additional Reading:

https://www.urbanlandc.org/how-we-do-our-work/

https://www.urbanlandc.org/website/wp-content/uploads/2023/09/ULC_ImpactReport_2023.pdf

Information updated 10/2023

Shared nonprofit working spaces in San Francisco and New York, owned by Tides (a nonprofit), which they refer to as "social purpose real estate".

Sources and Additional Reading:

https://www.tides.org/social-purpose-real-estate/

Information updated 10/2023

Shared nonprofit working spaces in San Francisco and New York, owned by Tides (a nonprofit), which they refer to as "social purpose real estate".

Sources and Additional Reading:

https://www.tides.org/social-purpose-real-estate/

Information updated 10/2023

Through its mission driven real estate services, NHS provides access to capital for down payment assistance, developing real-estate properties, and acquiring vacant or distressed properties.

Information updated 10/2023

Commercial real estate trust leveraging a Neighborhood Trust Model to maintain community control of property use and values in perpetuity while reinvesting income into community programs. Their strategy is to buy assets, place them into the trust, and have the community control these assets. Community members are the majority on the board. Transitioning to Perpetual Purpose Trust ("Kensington Neighborhood Trust").

Sources and Additional Reading:

https://nextcity.org/urbanist-news/phillys-kensington-corridor-is-taking-back-power-over-economic-development

https://philadelphia.uli.org/event-recap-preservation-affordability-equity-culture-the-redevelopment-balancing-act/

Information updated 10/2023

A low-profit limited liability company (L3C) focusing on real estate acquisition, development, and management (or what they describe as "a real estate partner") whose members are local entrepreneurs and business owners (51 percent ownership). 49 percent is available for outside investors and collaborators. The development projects (e.g., 1122 W. 63rd Street Chicago) provide retail and office spaces for the members and other local entrepreneurs. 70% of the profits are distributed back to the Impact Investors E.G. Woode Members/Operators receive no dividends from profits. Some remaining profit contributed to reinvestment funds.

Sources and Additional Reading:

https://egwoode.com/wp-content/uploads/2019/03/egwd_org_organizational_strategy_v2_1.pdf

https://nextcity.org/features/the-south-sides-new-collective-approach-to-commercial-corridors

Information updated 10/2023

The Cultural Space Agency, inspired by Community Arts Stabilization Trust, is a mission-driven, values-based cultural real estate development company chartered by the City of Seattle as a Public Development Authority (a quasi-public organization). Strategies include property acquisition, development, management, and master leasing.

El Barrio - Cultural Space Agency's first acquisition. Joined with Cultivate South Park and acquired three neighboring mixed-use buildings and an adjacent parking lot in the heart of South Park. The acquisition is funded by the city’s Strategic Investment Fund, which awarded the agency $2.3 million for the project, as well as by $3.5 million in private donations. The ultimate vision is to transfer these properties into a new community land trust, called “El Barrio Community Trust.

Sources and Additional Reading:

https://nextcity.org/urbanist-news/can-commercial-real-estate-development-help-heal-this-seattle-neighborhood

Information updated 10/2023

A community-centered real estate organization committed to ensuring artists and cultural workers can stay anchored where they create. Partners with arts organizations to guide through real estate acquisition, development, and operation and provide partners with flexibility and options for stability for the future, such as long-term affordable leases or potential for ownership. For example, CAST provided equity for an acquisition, with the goal to be bought out by the partner organization after a certain period of time (e.g., 5-7 years). Use philanthropic support and financing tools like New Markets Tax Credits, bonds, and program-related investments to bring acquisition costs down.

477 Minna - Building donated to CAST by Brookfield Properties in 2018 as part of the community benefit agreements to develop three towers nearby. CAST’s vision is to transform the four-story building into a community arts and cultural hub. Provides artists and arts companies with long-term affordable real estate. CAST took on an active property manager role, booking short- and long-term rentals at below-market rates.

Sources and Additional Reading:

https://cast-sf.org/partnership/447-minna-dempster-building/

Information updated 10/2023

A community-centered real estate organization committed to ensuring artists and cultural workers can stay anchored where they create. Partners with arts organizations to guide through real estate acquisition, development, and operation and provide partners with flexibility and options for stability for the future, such as long-term affordable leases or potential for ownership. For example, CAST provided equity for an acquisition, with the goal to be bought out by the partner organization after a certain period of time (e.g., 5-7 years). Use philanthropic support and financing tools like New Markets Tax Credits, bonds, and program-related investments to bring acquisition costs down.

1007 Market Street - In 2014, CAST acquired the Walker Building during a time of rapid change in the neighborhood with a capital combination of philanthropic monies and NMTC. The purchase allowed a non-profit, multi-disciplinary arts organization founded in 1987 to maintain occupancy of their building, which was at risk of sale to private investors, and the opportunity to ultimately assume full ownership. Over several months from 2015 to 2016, CAST oversaw a renovation project that allowed the Gallery to maximize its space to advance its mission. To secure the space for the arts in perpetuity, a deed restriction was also placed on the building so that, in the event, it did have to sell, it could only go to another arts nonprofit.

Sources and Additional Reading:

https://cast-sf.org/partnership/the-luggage-store-gallery-aka-509-cultural-center/

Information updated 10/2023