THE DEVELOPER
In support of small business and low-to-moderate income families, REVA seeks to take on a comprehensive approach in affordable housing and economic development with an emphasis on artist-based neighborhood revitalization. Finding and retaining affordable live/work space is an age-old problem for artists (painters, sculptors, dancers, musicians, etc.) who require well-lit, healthy, and safe surroundings in which to work. They are often attracted to discarded, but unique housing structures, old warehouses and industrial buildings. However, soon after establishing themselves in these neighborhoods their presence becomes a catalyst for redevelopment; setting into motion a process of gentrification that drives rents and land prices up, forcing artists, small business, and families out. When housing and economic development are done correctly, neighborhood revitalization efforts that build on its local cultural assets can encourage diverse participation, promote consumption of local arts activities, which in turn supports businesses and job creation, while maintaining affordability. Therein lies opportunity for an experienced and insightful community development team to support smart, organic, and proven sustainable neighborhood revitalization.
Mission
Advance development and preservation of affordable spaces for artists, families and small business.
Organization
As one of the few Black real estate development firms, our experienced team identifies financing opportunities and coordinates the rehabilitation or new construction of projects in targeted underserved and underinvested communities. We achieve our mission by providing capable support in real estate development, asset management, consulting, and community building programs. Our unique focus on arts- based development can be in support of existing activities, or an agent for holistic community growth; promoting professional development of local artists, vitality of small businesses, and a higher quality of life through housing, safety, and education. We are most often attracted to high-density mixed-use urban and cultural arts districts, which is a highly specialized niche in the real estate development industry. In addition to our roles as developer, owner, and manager, REVA can also serve as a consultant to a myriad of private and community-based organizations seeking a resourceful development team for developing housing, work space for artists, performance centers, and cultural arts districts. As a resource in housing and economic community redevelopment, we maintain a reach throughout the State of Florida.
Development Products
Projects can be composed of adaptive reuse of older buildings, and can also involve ground up construction. REVA will typically seek to develop a mix of housing as live/work units within the urban core, or pure retail, commercial, and/or auxiliary and performance space. Each project is carefully considered to ensure a diverse product mix, expand opportunities to grow and create jobs, and support local economic growth initiates.
Resource for Common Goal
Established in 2004, we operate under Section 501(c)3 of the IRS Federal Tax laws, and maintain a Community Housing Development Corporation (CHDO) designation as outlined in HUD Federal Regulations. As a nonprofit that relies on earned income as well as contributions, REVA seeks relationships with like- minded corporations, philanthropic institutions, local, state and federal agencies, via public/private partnerships in support of a common goal; removal of slum and blight to achieve healthy, safe and sustainable neighborhood revitalization.
