REP has partnered with the HBCU community Development Action Coalition to provide America’s 105 Historically black colleges with the technical assistance and access to the financing tools required to implement strategies both to improve the physical conditions of their campuses and to launch comprehensive community development initiatives to revitalize the often blighted neighborhoods surrounding their campuses. Recent successes of the REP team include:
- Assisting an HBCU land grant university to attract non- traditional, debt and equity capital to develop a mixed use project with 25,000 sq. ft. of retail and office space on the first floor and 78 one-and-two bedroom apartments, targeted to junior faculty and recent graduate students on the upper floors.
- Assisting an urban university located on the fringe of a severely depressed inner city neighborhood to develop an 51 unit workforce, home ownership housing community upon a previously weed infested vacant parcel of land that had become a hotbed of illicit activity.