Dear friends of all things good in real estate. The year has been too busy (all good) resulting in too little time for podcasts (a little bad). This is a little bad because I love my podcast show - I get to talk to such remarkable people working on such remarkable things. Now the “busy” has reached a level that I cannot ignore. To give you context here’s a taste … [Read more...] about Podcast hiatus.
Equity
The case for social housing.
The opera and apple strudel are the hottest tickets in Vienna these days, right? Wrong! US natives are invading the Austrian capital to take a look at their social housing projects. Hordes of politicians, housing advocates and journalists tromping the cobblestones, trying to understand how housing can be more than just a profit center, and probably eating a … [Read more...] about The case for social housing.
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.
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.