How will the governance/ownership model be set up to encourage investor participation?
Published on: November 11, 2024
Over time, the board will grow up to twelve members, chosen by the board members and investors to reflect the technical skills needed – such as real estate finance, accounting and community development, and with knowledge of the neighborhood. Investors will also be board members. The plan during the next two years is to have the board members comprised of investors and community leaders in the four zip codes that are the investor territory. We are researching governance models and will be establishing a training system for onboarding board members to assure a continuity of competence and commitment.