About (not so) small change
(Not So) Small Change: Revolutionizing Real Estate Crowdfunding and Investment
Small Change is an online real estate crowdfunding and investment portal that aims to make cities better by turning small change into real change. The company was founded in 2013 by Eve Picker, a Pittsburgh-based urban designer, developer, and city advocate who saw the potential of crowdfunding to democratize real estate development and empower communities.
Since then, Small Change has grown into a leading platform for impact investing in real estate projects that create positive social, environmental, and economic outcomes. The company's mission is to help people invest in the places they care about while generating financial returns that align with their values.
Small Change offers a range of investment opportunities for accredited and non-accredited investors alike. These include equity investments in multi-family housing developments, commercial properties, mixed-use projects, community facilities such as co-working spaces or arts centers, as well as debt investments in short-term loans secured by real estate assets.
One of the unique features of Small Change is its focus on "small" projects that have a big impact on local communities. Unlike traditional real estate developers who often prioritize large-scale projects with high profit margins but little regard for social or environmental sustainability, Small Change seeks out smaller-scale developments that can catalyze positive change at the neighborhood level.
For example, one of Small Change's recent projects is called "The OZ," which stands for Opportunity Zone. This project involves the renovation of an abandoned building in Pittsburgh's Homewood neighborhood into affordable housing units for low-income residents. The project not only provides much-needed housing but also creates jobs and revitalizes a blighted area.
Another notable project is "The Urban Farmhouse," which involves the conversion of an old warehouse into a mixed-use development featuring apartments above ground-floor retail space dedicated to local food producers. This project promotes sustainable agriculture while providing affordable housing options and supporting small businesses.
Small Change also prides itself on its commitment to transparency and community engagement. The company provides detailed information about each project on its website, including financial projections, development plans, and impact metrics. Investors can track their investments online and receive regular updates on the progress of the projects they support.
In addition, Small Change encourages community members to get involved in the development process by hosting public meetings and workshops where residents can provide feedback and ideas for how to make projects more responsive to local needs.
Overall, Small Change is a game-changer in the world of real estate crowdfunding and investment. By prioritizing social impact over profit maximization, the company is helping to create more equitable and sustainable cities while providing investors with opportunities to align their money with their values. If you're looking for a way to make a difference in your community while earning financial returns, Small Change may be just what you need.