We take an exclusive and dense model, Opportunity Zones, designed exclusively for wealthy people who owe capital gains tax, and convert it to a model of innovation and social justice. Our model focuses on permanently affordable housing and supporting cultural spaces.
Opportunity Zones (legislation passed in 2017) incentivizes tax deferment on capital gains for private investments in economically impacted communities. Learn more about the nuts and bolts here.
As you may have guessed, the OZ model often results in gentrification as there is no criteria to ensure that the actual residents of the neighborhood benefit. We are here to change that.
As you may have guessed, the OZ model often results in gentrification as there is no criteria to ensure that the actual residents of the neighborhood benefit. We are here to change that.
We tip this model on it’s side by directly funding affordable housing and cultural preservation projects to counter displacement on behalf of the community. Working families, small businesses, & artists are the fabric of a thriving neighborhood, and we are here to help.
We tip this model on it’s side by directly funding affordable housing and cultural preservation projects to counter displacement on behalf of the community. Working families, small businesses, & artists are the fabric of a thriving neighborhood, and we are here to help.
While we are chipping away at building a new inclusive model for people of ALL economic standings, we are currently accepting investments from Accredited Investors. See if you qualify to invest.
A Cultural Impact Fund Investor can expect many returns: a strengthened community, a more equitable infrastructure, an overall improved quality of life with access to culture, and a modest financial plan.
THE PROBLEM + THE SOLUTION
Unfortunately, these programs often become vehicles for gentrification and displacement, imposing outside investment and development interests that, simply put, do not actually benefit the communities themselves, often destroying the inherent local culture.
Our goal is to encourage and create regenerative development practices and projects that benefit these communities in ways which are relevant to the communities that will be affected.
We therefore focus on involving community members in this process, which includes widening our investment pool to include the common investor.