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Neighborhood Allies

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225 Ross Street, Ste. 202
Pittsburgh, PA 15219

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412.471.3727

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412.471.3746

Real Estate Allies Leadership (REAL) Network Launches

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On Monday, August 3, 2015, we formally launched the Real Estate Allies Leadership (REAL) Network. The role of the network is to increase awareness and impact of project opportunities, provide technical assistance and develop ways to quickly bring online new and creative financing products when needed. 2015-08-03 11.57.21 (2)

 

More thanĀ 20 professionals attended the luncheon event, ranging from foundations and funders, private developers, bankers, CDFIs, attorneys and nonprofit housing organizations. Highly engaged discussions included the need for the development of new capital strategies, technical assistance and training at the neighborhood level, increased emphasis on “place,” not just “projects” and the need for building the talent pipeline in community revitalization and real estate development.

The objective with the REAL Network is to ensure the greatest level of awareness and information/knowledge sharing of real estate project opportunities and training among community leaders, finance providers and developers. We will also work to bolster projects that demonstrate community enhancing properties, such as positive resident impact i.e. jobs and economic opportunity pathways, and integration with community visions that fit within the neighborhood plans.

The primary goals of the REAL Network include:

  1. Identify ways to better coordinate the community development financing system.
  2. Address key funding gaps in the system and new financing tools.
  3. Increase the flow of community development real estate capital in distressed and transitioning neighborhoods.
  4. Strengthen the capacity of neighborhood partners to execute equitable real estate projects.

The ultimate hope is that through the Network we can raise the bar to attract more neighborhood-based capital, deploy it more efficiently, and for the benefit of all residents in our most vulnerable neighborhoods. –Presley Gillespie, President

The group will meet quarterly. Anyone interested in joining the REAL Network, can contact Presley Gillespie at presley@neighborhoodallies.org.

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