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14/Mar/2016

In addition to our work with shared space, we at NCN are also interested in the broader field of social purpose real estate. We define social purpose real estate as any real estate asset that is used for a mission greater than maximizing profits, which can range from public parks to libraries, from museums to affordable housing projects. One of the most overlooked social purpose real estate is affordable commercial space, the space necessary for nonprofits to operate in a community. In some cities, the market creates enough affordable spaces that this isn’t a big issue, but in other cities, (most notably San Francisco), nonprofits are being displaced or evicted when they can’t keep up with the going rates. Here are four ways that cities have stepped in to support their nonprofit sectors...


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