Transforming Emptying Houses of Worship

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Detalles Bibliográficos
Publicado en:	Real Estate Issues vol. 49, no. 3 (Feb 3, 2025), p. 1
Autor principal:	Reinhard, Rick
Publicado:	Counselors of Real Estate, The
Materias:	United Church of Christ United Methodist Church New York United States > US Maryland Government agencies State government Food programs Religious congregations Funding Planning Housing developments Zoning Religious organizations Methodist churches Affordable housing Social entrepreneurship Redevelopment Nonprofit organizations
Acceso en línea:	Citation/Abstract Full Text Full Text - PDF
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Descripción
Resumen:	The former Vice President of Research and Planning of the National Council of Churches estimates that 100,000 houses may be closed over the next decade. Not only have Catholics pulled back on attending church, but also a U.S. Bankruptcy Court judge has ordered the Diocese to turn illiquid assets into cash to pay $100 million in damages to those sexually abused by priests. First United Methodist Church in Downtown Miami sold to a private developer for $55 million. Developing affordable housing often means cobbling together and leveraging multiple funding sources. Besides faith-based lenders, traditional banks, and social impact investor groups, look to government grants, subsidies, bonds, and tax incentives.
ISSN:	0146-0595
Fuente:	ABI/INFORM Global