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Redeveloping under-built community owned real estate

Krause, Peer-Daniel

Increasing and enhancing community assets is seen as a possible solution to alleviate the affordability challenge in the Vancouver Metropolitan Region. To this end Vancity Community Foundation (VCF) and other organizations are seeking ways to support the non-profit sector to redevelop their community owned real estate - that is property owned by and for the benefit of the community. The goal of this research was to outline which factors support or challenge non-profit and mission-based organizations in redeveloping their properties. Redevelopment in this context means to pursue new construction on land that has a pre-existing use with the goal of adding more uses for the benefit of the community. Recommendations are based on findings of interviews conducted with eleven non-profit and mission-based organizations who own properties and have begun a redevelopment process. The study identified common enablers that are necessary for organizations to move forward with redevelopment. These are: · leadership capacity within organizations with respect to the board and champions for redevelopment, · access to professional expertise at all stages of the process, particularly through trustful relationships, · early and collaborative partnership development and · clarifying the vision for a redevelopment project to motivate action internally and externally. As a result of the research, I recommend that VCF develop tools, resources or processes which [firstly] support organizations in developing a vision for their real estate; [secondly] assess their capacity for redevelopment; and [thirdly], facilitate the access to professional external real estate expertise, as well as potential partnerships for redevelopment. The suggested support mechanisms have the ability to particularly address needs of organizations who already have the organizational capacity to oversee a property redevelopment. Additional research is needed with regards to organizations who own underbuilt real estate or hold land, but choose to sell it on the open market.

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University of British Columbia. SCARP Graduating Projects

Vancouver : University of British Columbia Library

10.14288/1.0075851

Applied Science, Faculty of; Community and Regional Planning (SCARP), School of

Graduate

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