I’m working with a Community Redevelopment Corp (503c), and we’re looking to raise substantial capital (M) to acquire numerous lots in the community (though the city, tax liens, foreclosures, & landlords – community is in blight). This is part of a considerable effort for us to rebuild the community – we’re redeveloping the entire neighborhood and are partnered up with the city (Philly) and building relationships with local investors and businesses to help make this happen. This money will be used to obtain our planned commercial districts. We’re offering a 20% return for this investment – but more importantly, we’re looking for people that are in this with a positive spirit – helping us rebuild homes (vs. driving out residents through gentrification) is better than any profit.

We’ll use the land to support a line of credit for payback & obtain more lots – this land, along with our vision, will be sold to developers

I just don’t know where to start to find this kind of capital
Thank you for the suggestions; we’re exploring those routes (i.e. loans from government (and we have obtained several grants) and institutions (the are helping, but expect us to build our portfolio first) – we’ve come to the general conclusion that the private industry is our best source (i.e. the high interest we’re offering). Any other thoughts?
whoa – might be helpful if I included some details on this.
www.eastparkside.org &
www.parkside-venture-investments.com (this is the site of our marketing and investing support)

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