Based on organizational mission and expertise, community needs, project finances, and market conditions needs, the following models (or a combination of them) could be used to administer commercial space.
Click on the links in the “Model” column to see examples.
|Critical Community Services||Develop commercial spaces that will house tenants who provide critical community services.||Health, human, and culturally relevant services for the community.|
|Commercial Corridors Redevelopment||Redevelop blighted or vacant retail on commercial corridors.||Neighborhood revitalization.|
|Shared Equity for Existing Businesses||Help existing businesses purchase their building in a shared-equity ownership model.||Prevents involuntary displacement.|
|Neighborhood Incubator or
|Create business development through incubation and low cost commercial space.||Small business support and job creation for low-income residents.|
|Ensuring Tenant Mix Diversity||Support marginal business for benefit of business owners and community vitality.||Neighborhood revitalization and support of marginal businesses providing culturally relevant services.|