The key to protecting vulnerable residents, and minimizing displacement is to control problem properties early in the development process and directly address the needs of families. By working at the scale of the problem we ensure residents are protected and that restoration actually happens.
What We Know
Crime is a real estate problem
Naturally affordable rental housing needs to be protected through non-profit site control
Below is a more detailed breakdown of the path to displacement.
Housing displacement of low-income families occurs in both strong & weak markets, as a result of decisions made by landlords and homeowners.
Strong Housing Markets: Gentrification
A distressed neighborhood finally starts to improve after years of hard work.
Result: In both cases low-income families are displaced.
Weak Housing Markets: Rotrification
Systemic injustices foster blight, crime (or perception of crime), and lack of investment.
Result: Both scenarios negatively impact the neighborhood
Where We Come In
We take real estate risk to achieve community visions
We address the riskiest real estate, including abandoned properties that are costly to repair, and slumlord properties that are harming tenants
We can borrow capital to do good with the riskiest real estate which is difficult to manage
In conclusion, Rising Tide Partners is set up to take real estate risk, which shields community institutions from failure if things don’t go well.