RUSSELL A PLACE OF PROMISE

Campus development at a 5-acre property that rpop will acquire from louisville metro government. This project will include office, retail, restaurant, recreation, cultural space, affordable housing, community services, and similar amenities to support the russell community and others. Rpop will consider the feasibility of holding portions of this development in its community land trust to preserve affordable housing and business space for the neighborhood, but regardless, will seek to set rental rates that are affordable to russell residents and business owners. Rpop has retained a development advisor, prepared a draft budget for the first phases of the project, and is working toward securing letters of intent with tenants for the first phase and executing a development agreement with louisville metro government that will provide a pathway to land ownership. Rpop will seek grants, donations and conventional market financing for this activity, and will be attending the novogradic new market tax credit conference in october to present the project to potential investors. This body of work is in the planning stage. Board development and training, including the development of a strategic plan to guide rpop for the first 3 years of its existence as a nonprofit. Board members have taken part in trainings offered locally and nationally on topics related to governance and responsibility as a board member; real estate finance and development, fundraising, and succession planning.