Real Estate

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Supportive Housing Partners and Building Opportunities for Self-Sufficiency (BOSS)

Consultation on Corporate Formation

Summary:

Provide a consultation on entity formation to an organizations looking to acquire/develop two reentry housing facilities in Oakland, CA.

Referred by:

Jurisdictions: California
About the Organization: Supportive Housing Partners (a to-be-formed entity) is comprised of a team with extensive commercial real estate experience. They are collaborating with Building Opportunities for Self-Sufficiency (BOSS), a nonprofit with the mission to help homeless, poor, and disabled people achieve health and self-sufficiency, and to fight against the root causes of poverty and homelessness.
Legal Entity Type: Unregistered
SDG(s):Peace, Justice, and Strong Institutions, Reduced Inequalities, Sustainable Cities and Communities
Legal Issue(s):

Supportive Housing Partners (SHP) is seeking a legal consultation to discuss what entity structure they should take when incorporating. As background, the entity will be pursuing the acquisition of two reentry housing facilities in Oakland, California. SHP will have two membership classes as part of its structure. They will need to complete permanent financing loans, as well as leases with BOSS.

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Mission Driven Finance

Establish cREIT

Summary:

Assist impact investment organization with establishing a cREIT.

Referred by:

  • Other
Jurisdictions: U.S. (CA-based organization)
About the Organization: Mission Driven Finance is an impact investment firm dedicated to building a financial system that ensures good, socially driven, businesses have access to sufficient, affordable capital.
Legal Entity Type: Hybrid (nonprofit + for-profit affiliates)
SDG(s):Good Health and Well Being, Reduced Inequalities
Legal Issue(s):

Mission Driven Finance plans to form a Community REIT (cREIT) to support the creation and preservation of affordable childcare. The cREIT will use philanthropic and private capital to finance the purchase of homes and facilities by local organizations, which will own the property jointly with affordable childcare providers. They are seeking guidance in choosing a structure for the cREIT as well as assistance setting up the entity.

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