CCWBE Report

Organization:
TREND Community Development Corporation
Reporting Period:
Jul – Sept 2023
Submitted on:
October 12, 2023
Submitted By:
Emma Roberts

TA Providers: General Questions

CWB Goals

Please provide a brief update on your progress toward your proposed CWB goals in the last reporting period:

During this reporting period, TREND CDC made substantial progress on two of our CWB goals: 1) Identifying and acquiring a commercial property in Chicago and 2) Structuring an opportunity for inclusive ownership. The Chicago TREND Corporation, TREND CDC’s primary consultant and partner, is under contract for a community shopping center in Roseland. Throughout the grant period, the TREND team evaluated the shopping center acquisition opportunity, determined that the asset aligned with its acquisition strategy, and negotiated an offer with the Seller. The next steps include reviewing the contract, signing the purchase agreement, conducting due diligence, and removing contingencies. TREND CDC has begun to engage our inclusive ownership platform partner, Small Change, who we plan to work with to structure an offering for community investors.

What constraints or limitations, if any, did you experience in the last reporting period?

N/A

What opportunities, if any, did you take advantage of in the last reporting period?

The TREND enterprise took advantage of an opportunity to purchase a community shopping center that became available to us.

Chicago CWB Ecosystem

Did you establish new CWB relationships/partnerships in the last reporting period?

No

Please describe the relationships you established pertaining to your CWB work.

Did you collaborate with other TA providers in the last reporting period?

No

Which TA provider(s) did you work with?

Please share on behalf of whom / which projects you collaborated with the TA providers above:

Did you attend the Working Group meeting last month?

Yes

How would you rate the usefulness of the working group to your project last month? (on a scale of 1-5)

3

Optional Space

Demographic Data

Gender identity of Participants (select all that apply)

None of these

 

Age Range of Participants (select all that apply)

Unknown

 

Community Investment Vehicles Work

How many sessions of one-on-one consulting to Community Investment Vehicles (CIVs) did you conduct this reporting period? (e.g. one group or individual with one training provider)?

0

 

How many group workshops for Community Investment Vehicles (CIVs) did you conduct this reporting period? (e.g. convenings, workshops, events, etc.) 

0

 

How many hours of support to CWB Pre-Development Community Investment Vehicles did you provide this reporting period?

0

 

How many hours of support to existing Community Investment Vehicles did you provide this reporting period?

0

 

How many co-op businesses did you develop last reporting period? (It's okay if the answer is 0)

0

 

How many total owners / founders were there in these businesses?

0

 

How many jobs were created overall last reporting period? (It's okay if the answer is 0)

0

 

Please list the Community Investment Vehicles you worked with this reporting period.

Other

 

What type(s) of Technical Assistance did you provide to Community Investment Vehicles this reporting period? Select all that apply.

 

Did you provide education to any Community Investment Vehicles this reporting period?

No

 

What are the greatest needs that your Community Investment Vehicle clients/partners expressed in this reporting period?

N/A

 

What are the greatest gaps in service or resources in Chicago's CWB ecosystem?

Access to capital for acquiring and developing projects that can become community owned.

 

Please share any direct testimonials from Community Investment Vehicle clients or storytelling about the impact of your work this period:

N/A

 

Please upload media (document with testimonials, photos, or video links) from Community Investment Vehicle workshops or events held.