Real Estate Co-Powerment Series
Neighborhood Allies and Omicelo Cares are the co-creators of the Real Estate Co-Powerment Series (“Co-Powerment Series”). This pilot initiative will be a combination of in-class instruction, coaching, and mentorship.
Launching in early 2017, the Co-Powerment Series is an education platform that will demystify the real estate development process, explain its associated terminology and bring to light the productive role community members and organizations play in the real estate and economic development inside their neighborhoods. An overarching goal of the education series is to shrink the technical proficiency gap that exists between real estate developers and community leaders that are involved in local development projects. We hope to create long-term, working relationships between private developers, real estate experts, community based organizations, business owners and active community members.
Omicelo Cares will produce the final curriculum, create two real estate course-tracks: one for beginners and another for those more advanced, administer pre-and post- class surveys, interview and hire instructors and monitor mentee/mentor relationships. Other key partners include the Urban Redevelopment Authority (URA), Pittsburgh Cultural Trust, Green Building Alliance and NeighborWorks of Western PA.
The pilot class will consist of 20 students (2 cohorts of 10) from neighborhoods on the cusp of significant change, specifically Neighborhood Allies’ 6 priority geographies with the potential of having additional participants from other local neighborhoods. Students will be community residents, CDC/CBO staff members, non-profit board members, small business owners with varying levels of exposure to the real estate discipline. Our goal is for at least 1 of the real-world projects to be developed after each course is complete.
At the end of the course, students will:
- Be able to evaluate deals and negotiate based on market realities and for the benefit of residents;
- Improve their ability to articulate community vision and expected outcomes utilizing the language of development;
- Identify creative ways to participate financially in development opportunities;