“A ‘diversified community investment fund’ is a type of community-scale fund that invests primarily in real estate but also invests in local businesses, and can do so with investment capital raised publicly from within the fund’s own community”
– National Coalition for Community Capital
Capital Raise Strategies
- Targeting supporters of reparations across the
country - Leveraging University of Georgia student, faculty,
and alumni network - Mobilizing community to purchase $1,000 shares
- Tax Credits like the NMTC and LIHTC
How will we spend the money
- Primarily real estate acquisition
- Staff – Co-op member relations,
- Professional services – fund management, legal, etc.
- Technical assistance services for businesses
- Marketing
Investment Strategy
- Buying properties facing foreclosure – at auction and prospect
- Seeking individuals inheriting property they do not want
- Cross subsidizing affordable housing with market-rate holdings
- Leveraging strategic partnerships to reduce repair and construction costs
Capital Campaign Goal: $20MM in 5 years
- Buying properties facing foreclosure – at auction and prospect
- Seeking individuals inheriting property they do not want
- Cross subsidizing affordable housing with market-rate holdings
- Leveraging strategic partnerships to reduce repair and construction costs
