Building a Real Estate Model for Community-centered Development

Springboard Communities (Springboard) is a startup social enterprise that serves the real estate needs of community-based organizations in the South Side of Chicago by driving community-centered development. It provides avenues to boost local real estate ownership to create a cycle that increases property values as people invest in communities. The client engaged the Capstone team to further develop Springboard’s business model by identifying financing options for property acquisition, determining viable ownership transfer plans, and developing a landscape of relevant social impact metrics. The team conducted research, met with industry experts, and developed one-page marketing materials for Springboard’s real estate services. The team also conducted analyses to create Springboard’s property acquisition, financing, and incremental ownership strategies. The team provided Springboard a final report with steps for implementing its business model, including marketing materials, a detailed breakdown of Springboard’s real estate services and financing, and relevant social impact metrics.