Funding will enable the Albuquerque-based company to open its first interactive dining, gaming and entertainment center on Feb. 1 in a designated Opportunity Zone.
A new OZ tool will help “shepherd, guide, winnow and target investments toward projects of greater community benefit,” says Urban Institute's Brett Theodos.
The fund, launched by Cedrus & Partners and Swiss Life Asset Managers in April 2019, aims to re-house up to 2,000 people facing difficulties over the next ten years.
The fund, which is backed by the Kresge Foundation, provides low-income credit unions with capital that they can use to lend in their communities.
- Bad actors are grabbing headlines. Opportunity Zone ‘catalysts’ are driving impact.
- With this year’s uprisings, stakeholders put capitalism on notice. In 2020 they’re taking it back.
- The Echo Park Neighborhood REIT will be structured as a public-benefit corporation and managed for the long term health of the community. Individuals will be able to invest as little as $100 and own a share of the income produced by the real estate portfolio as well as its underlying value.