REAL ESTATE DEVELOPMENT & INVESTMENT DEPARTMENT
YEAR 1 BUDGET
$200 MILLION
STRATEGIC OBJECTIVE:
The strategic goal for the Real Estate Development and Investment department is to acquire collectively-owned land to achieve the following objectives:
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Create new Black residential communities.
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Establish Black-owned institutions, including K-12 schools, colleges and universities, hospitals, dental clinics, cultural centers, museums, and more.
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Establish new BAF villages, towns, and cities that that celebrate African Diasporic culture and align with our mission and Guiding Principles.
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Generate wealth to support the continued development of BAF programs and services.
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Create wealth for BAF members through private real estate investment.
2. BUY LAND/ BUILD NEW BLACK INSTITUTIONS
At BAF, we believe the Black community should take the lead in establishing and sustaining its own social institutions, rather than relying on others.
As part of our comprehensive development strategy, BAF is committed to creating new Black-owned and controlled institutions, including:
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Hospitals & Medical Testing Facilities
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Dental Clinics
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K-12 Schools
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Colleges & Universities, including Medical & Law Schools
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Community Centers
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Parks
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Museums
These institutions will enhance the quality of life for Black people and create thousands of job opportunities within Black communities.
3. BUY LAND - ESTABLISH NEW VILLAGES, TOWNS & CITIES!
The ultimate goal of our Real Estate Development & Investment department is to secure the land needed to establish new villages, towns and cities across the U.S. By establishing our own municipalities, we will gain full control over the political, economic, and social matters within the communities where we reside. This will empower us to:
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Elect our own Mayor and City Council.
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Appoint our own judges and prosecutors.
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Hire our own police officers and ensure the safety of our community.
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Construct and manage our own courthouses and correctional facilities.
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Collect property taxes from residents to fund local services.
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Maintain and enhance our own infrastructure, including water, sewage, streets and public spaces.
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Own and oversee key institutions such as schools, hospitals, health departments, museums, community centers, and more.
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Build and operate our own airports, stadiums, arenas, and additional vital facilities.
In addition to our monthly membership revenue, real estate development and investment serve as the primary means of wealth creation for BAF.
Beyond growing BAF’s capital to support our programs and services, we are dedicated to helping our members build their wealth through exclusive real estate investment opportunities. Our mission is to cultivate a new generation of Black philanthropists who will leverage their resources to further our mission.
By investing with BAF, members are not only investing in their own future but creating a lasting legacy by helping to build new prosperous Black communities.
4. GENERATE WEALTH THROUGH PRIVATE & COLLECTIVE REAL ESTATE INVESTMENT
BAF is dedicated to supporting Black individuals in developing new Black communities and municipalities. We offer our members a wide range of support services, including:
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Access to BAF-approved construction professionals, such as residential and commercial developers, general contractors, electricians, architects, plumbers, framers, roofers, and more.
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Hands-on construction and training courses.
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Access to BAF brokers and partner banks for mortgage and business financing.
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Access to BAF's Real Estate Development Blog.
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Access to BAF's Tool Bank – BAF will invest in state-of-the-art construction and farming equipment, available for rent or lease to BAF member General Contractors and Subcontractors at below-market rates.
5. EDUCATE & SUPPORT THE BLACK COMMUNITY ON REAL ESTATE DEVELOPMENT & INVESTING
6. CREATE THOUSANDS OF JOBS THROUGH TRAINING & REAL ESTATE DEVELOPMENT
Through BAF's Real Estate Development & Investment Department, we will generate thousands of high-paying jobs in real estate and construction for Black individuals.
Additionally, we will invest millions of dollars with Black developers, general and subcontractors including electricians, HVAC technicians, plumbers, roofers, framers, carpenters, concrete and asphalt specialists, architects, master planners, civil engineers, land surveyors, soil scientists, real estate agents and brokerage firms, and more.
1. BUY LAND/BUILD NEW COMMUNITIES
Our aim is to create innovative model residential communities nationwide that honor and celebrate African Diasporic culture and offer peace, tranquility and safety.
CURRENT PROJECT: NU KEMET RETREAT & RESIDENTIAL COMMUNITY
Our current project is our 112 acre Nu Kemet Retreat & Residential Community located in Toomsboro, GA. The Black Achievement Fund owns 8 acres within the community. Once complete, the community will consist of 50 a-frame pyramid-style private homes, a clubhouse, produce farm and more!
The retreat will host cultural events, concerts, festivals, campouts, retreats, educational classes and more! It will also be available for private events such as weddings, family reunions, conferences, corporate retreats, etc.
