VISION SNAPSHOTS When we want to see it Our headlines representing our aspirational visions realized; Photos from the future
ECONOMIC OPPORTUNITY
START SMALL 2025
SCALE FAST 2027
THINK BIG 2029 AND BEYOND
2024
COMMERCIAL
Making property available for development that can include small developers.
Identify commercial nodes of focus
Acquired first commercial property
Successful development of multiple mixed (residential & commercial) properties.
NEIGHBORHOOD TRANSFORMATION
Successful transaction out of MALB inventory to begin restoring tax revenue
Provided turn-key solutions to partner organizations
Fine tune commercial operations with capacity needs of commercial development
A ordable housing situated near commercial hubs where residents support local commerce
DEVELOPER OPPORTUNITY
Removing obstacles to development thus returning vacant, blighted properties to the tax rolls.
More mixed income development & use that have commercial options as a component
Developed more robust relationships with commercial developers
Incentivized commercial development with free land MALB acquired (ground lease)
DIVERSIFIED FUNDING
Selling fee simple vacant lots to entities with experience (job opportunities) versus individuals for the development of a ordable housing
Received IRS designation of 501(c)(3) status
Received foundation funds
Increase in available capital to be used by MALB for acquisition.
Facilitated by
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