November 2019 Event

25 November 2019

The November CREW luncheon was a collaboration with the Urban Land Institute and the CCIM Institute. We met at the historic Alta Club to learn about the relationship between Affordable Housing, economically distressed communities and Opportunity Zones. Jeremy Keele and Kristian Peterson of Catalyst Opportunity Funds discussed the ways that the built environment can help alleviate the educational, healthcare and business opportunity gaps that exist in these distressed communities. Jeremy noted that building Affordable Housing in conjunction with healthcare providers, educational institutions and other service providers helps many of the needs in these communities to be better served. This type of mixed use development also allows the developers to partner with community groups and philanthropist to increase the effectiveness of these developments.

Jeremy acknowledged that in order to ensure that developers can invest in Affordable Housing and Opportunity Zones it has to be profitable, otherwise the need will never be fulfilled. With this in mind they discussed the concept of double bottom line investment – a metric for success that requires an investment to be financially profitable while positively impacting society. One success without the other is not sustainable by the metric. This type of out of the box collaboration and definition of sucess could be a solution to increase the ability of communities and developers to provide high quality Affordable Housing to communities in need.

A special thanks to:

Our speakers Jeremy Keele and Kristian Peterson of Catalyst Opportunity Funds
The Urban Land Institute and the CCIM Institute
Our CREW Utah luncheon sponsors FFKR Architects and CBRE
And CREW members Rhonda Landa and Gwen Knight for coordinating this months event with ULI and CCIM Institute.