Public entities and non-profit organizations around the country are focused on converting valuable underutilized assets to productive uses. In doing so, mission-focused organizations are able to catalyze economic development, return properties to productive uses, contribute fallow assets to the tax rolls, and reduce operating expenses and carrying costs.
Steinbridge works with national and local non-profits as well as local, state and federal governments and agencies to redevelop and activate underutilized properties. These projects have included groundbreaking initiatives in New York City, Richmond, Dallas, Atlanta, Washington, Philadelphia, South Florida, North Carolina, Los Angeles and Boston.
Steinbridge also partners with local developers who have strong opportunities but may be resource constrained.
Historically Black Colleges & Universities (HBCUs)
HBCUs are colleges and universities of higher education that primarily serve the African American community. Most of these institutions were founded in the years after the American Civil War and are concentrated in the Southern United States.
Steinbridge is working with Historically Black Colleges and Universities to activate underutilized land or residences for multiple uses including affordable housing.
Virginia Union University
To jumpstart this initiative, Steinbridge has partnered with Virginia Union University to create hundreds of high-quality affordable residences in Central Richmond.