04
Initiative Four

Nonprofit Real Estate Development

We don't rent the buildings that serve our communities — we own them. Mission outlasts any lease.

50+
Unit Targets
Mixed
Use Model
Own
Not Rent
Development Types

What we build, buy, and rehabilitate.

New Construction

Ground-up mixed-use developments designed for community service and residential stability.

Acquisition

Purchasing existing multifamily and commercial buildings in target neighborhoods.

Adaptive Reuse

Old schools. New communities. Transforming vacant institutional buildings into housing and services.

Mixed-Use Model

The Home Rise building, floor-by-floor.

UPPER FLOORS
Affordable + workforce residential units
MIDDLE FLOORS
Family services, financial literacy classrooms, Rise Tech labs
GROUND-FLOOR COMMERCIAL
Café, laundromat, bank, wellness, business incubator
Adaptive Reuse

Old Schools. New Communities.

Vacant Chicago Public Schools and similar institutional properties become housing, workforce labs, family service centers, and gathering spaces — with outdoor areas reactivated for the neighborhood.

Impact

Why owning the real estate changes everything.

Ownership means permanent affordability, mission-controlled tenancy, recyclable rental income that funds programs, and assets that build the Foundation's balance sheet — fueling expansion into new markets.