New York Coop Creates Permanently Affordable, Commercial Real Estate | Peer2Politics | Scoop.it
Faced with the rising rents of commercial properties in cities, one New York organization is modeling a way for people to invest in permanently affordable, commercial real estate. The New York City Real Estate Investment Cooperative (REIC) leverages patient crowdfunding—small investments by a large number of people over time—to turn vacant municipal properties into sustainable community resources.