Real NewEnergy’s Sustainable Urban Development team has been actively networking and scouting projects in New Orleans for the past 8 months. After successful meetings in October and November with political consultants, leaders in economic development, real estate experts, and tours of the city’s neighborhoods and various project opportunities, we have decided to continue and expand our local efforts. We have developed the beginnings of a strategic plan to tackle the city’s diverse development challenges and have established a subsidiary company, EmPower Cities, LLC, as a financing tool for our projects and target market.
As EmPower Cities, we are currently pursuing the US Treasury’s Community Development Financial Institution (CDFI) Fund’s assistance and certification for our prospective projects in New Orleans’ Lower Ninth Ward. Our application for assistance in capacity building will be submitted in late December 2013.
More news to come!
