COMMUNITY-BASED REAL ESTATE TRAINING (CBREDT) TO EXPAND IN 2024
After gathering feedback from past participants and key stakeholders, we’re expanding and enhancing our CBREDT program. The program will feature two key components:
CBREDT 101: A free online course that will feature interactive learning modules along with three optional in-person experiential sessions. This course will be made available to all who register but will have a continued focus on reaching East Side residents and stakeholders. As before, classes will be taught by seasoned commercial/real estate developers and will provide an overview of the commercial real estate development process, including pre-development, construction management, property management, and financing.
Pre-Development Coaching Program: Each year, five to ten graduates of CBREDT 101 who own an East Side property with appropriate commercial or mixed-use zoning will be eligible to participate in a structured, hands-on pre-development intensive. Program participants will engage in bi-weekly applied learning workshops on topics such as developing a pro-forma; assembling a team; architecture; permits and entitlements; construction; and layering grants and financial assistance.
Participants who complete the Pre-Development Coaching Program may be eligible for funding from Empire State Development.
This new format will allow us to serve more people and will hopefully result in more completed East Side commercial development projects.
The program change will not affect previous CBREDT graduates’ ability to apply for funding or to request technical assistance for their projects. Past graduates are not required to register for or take the online course. They are, however, welcome to take the class as a refresher if they desire to do so.
Check back here in early 2024 for more details and watch your in-box for the program launch announcement!
PROGRAM INTENT
The Community-Based Real Estate Development Training Program will empower community members with the skills and know-how to plan for and implement redevelopment of their own commercial property and/or vacant or under-used parcels. The program is intended to ensure that land and buildings along the East Side corridors are improved for productive use, in a manner driven by the community, and less likely to fall into the hands of absentee landlords and/or sit unused as blighting influences. The goal is to build a community of citizen developers interested and equipped to take an active role in revitalizing their neighborhoods.
LEARN ABOUT THE OTHER EAST SIDE AVENUES PROGRAMS
