If you’re looking for examples of urban revitalization, look no farther than Pittsburgh. We can thank people like Shawn Kichline, principal of Oxide Real Estate Development, for embracing the gritty urbanism of this city (where I live), and showing through his redevelopment efforts how livable and appealing it can be. A few years ago, Shawn used the real … [Read more...] about Pittsburgh champion.
Crowdfunding
From $124,000 to $350,000.
Maybe this is not super big news to you, but it is to me. In plain English, there's a recommendation on the table that if approved by the SEC, will permit small businesses to raise up to $350,000 without the burdensome financial review requirements that currently exist. This promises to be a momentous change for the small-scale developers who come to my SmallChange.co … [Read more...] about From $124,000 to $350,000.
Small tranches.
It’s not efficient to finance a $430 million project with small tranches of capital. And yet Small Change is. In early April 2024, Small Change, launched an investment opportunity into 22 Drydock Avenue in Boston’s Seaport district. The property is slated to be the city’s first life sciences building to achieve LEED Platinum and net-zero carbon emissions and has very … [Read more...] about Small tranches.
Oasis in a food desert.
An oasis is emerging in the food desert. Residents of the underserved Northwest Goldberg neighborhood in Detroit will finally be able to buy groceries and household goods locally, thanks to the establishment of Kornr Store, a retail concept developed by Brinda Devine of Purpose8 Real Estate. Only 18 months after raising $43,000 through a crowdfunding campaign on … [Read more...] about Oasis in a food desert.
Community Capital.
Chris Miller is chair and one of the founding board members of the National Coalition for Community Capital, a 501c3. Among NC3’s goals are to empower ordinary citizens and strengthen local economies through community investment and ownership, with particular attention to wealth-building by non-accredited investors and to underserved populations and communities. Chris … [Read more...] about Community Capital.