Real Estate Industry Works to Change Its Ways nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
PeerStreet, a peer-to-peer lending platform that enables real estate investing on a small scale, today announced a new program meant to benefit entrepreneurs from traditionally underserved communities.
The program is called the Evolving Neighborhood Uplift Fund (ENUF), and according to a statement from PeerStreet is designed to “equip aspiring real estate entrepreneurs with the tools and capital they need to invest in real estate projects.” The statement goes on to explain that would-be entrepreneurs can apply to the program, and once accepted will receive mentoring from PeerStreet real estate experts.
After being mentored, program participants will find real estate-oriented projects they want to work on in their communities. Those projects will be financed from a charitable fund PeerStreet has set up with the Tides Foundation, a “nonprofit accelerator” that focuses on social justice issues.