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In a neighborhood known more for being the regional epicenter of the opioid crisis in Philly, the Kensington Corridor Trust formed less than five years ago, and is already up and running with multiple properties in its portfolio, commercial tenants in place and thriving, and its first new construction projects in the works. That’s a lot for a real estate entity designed to ultimately give power to the existing residents of the neighborhood over the development of its main commercial corridor. What have been some of the keys to success so far? How has the trust raised capital for acquisit...

Watch Senior Economic Justice Correspondent Oscar Perry Abello in conversation with Angela Dowell, Chief Financial Officer at Chicago Community Loan Fund — the latest in Next City’s Bottom Line Conversations webinar series. In our last edition of Bottom Line Conversations, we talked about how the landscape for community-controlled real estate has changed (or not changed). One theme that emerged was the tension of perceived versus actual risk. For a project that is community-owned, or perhaps more broadly a project where the developer or sponsor is something or someone who doesn&rsq...

Senior Economics Correspondent Oscar Perry Abello talks with Angela Dowell, chief financial officer at Chicago Community Loan Fund, about what it takes for lenders to get more creative and take on projects by new or emerging developers or community-ownership models that can be perceived as riskier.

Watch Senior Economics Correspondent Oscar Perry Abello in conversation with Devin Culbertson, VP of Innovative Finance at Grounded Solutions — the latest in Next City’s Bottom Line Conversations webinar series. Community land trusts, or other forms of community-owned and controlled real estate, continue to make incremental progress across the country. The model has also moved beyond housing or agriculture in acquiring larger, more complicated commercial and cultural projects. As we discussed back in March with Saki Bailey of the San Francisco Community Land Trust, it’s now p...

Watch Senior Economics Correspondent Oscar Perry Abello in conversation with Devin Culbertson, VP of Innovative Finance at Grounded Solutions — the latest in Next City’s Bottom Line Conversations webinar series. Community land trusts, or other forms of community-owned and controlled real estate, continue to make incremental progress across the country. The model has also moved beyond housing or agriculture in acquiring larger, more complicated commercial and cultural projects. As we discussed back in March with Saki Bailey of the San Francisco Community Land Trust, it’s now p...