Opportunity Zones will soon help spark the transformation of HBCU neighborhoods around the country. The Renaissance HBCU Opportunity Fund is a partnership between the HBCU Community Development Action Coalition and community economic development advisory firm Renaissance Equity Partners, with Calvert Impact Capital providing professional advice. The fund is raising $50 million fund to support mixed-use developments around HBCU campuses in Opportunity Zones. The Kresge and Rockefeller Foundations will be providing additional support.

1. Sparking Transformation in HBCU Communities
Yonina Gray, Director of External Relations

2. Sparking Transformation in HBCU Communities
Overview
• Transforming HBCU communities though Opportunity Zones, CDAC
• Financing resources, Reinvestment Fund
• Easy data visualization, PolicyMap
• Q & A

3. Larry K. Salley, Executive Director
Benedict-Allen Community Development Corporation
Robert K. Jenkins Jr., Fund Manager and Real Estate Finance Advisor, Renaissance
Equity Partners
HBCU Community Development
Action Coalition (CDAC)

4. HBCU CDAC Focus Areas
▰ Clean and Renewable Energy
▰ Financial Literacy
▰ Small Business Development
▰ Campus and Community Real Estate
Development
4

5. What is an Opportunity Zone
“An Opportunity Zone is an economically distressed community where
new investments under certain condition may be eligible for preferential
tax treatment. Localities qualify as Opportunity Zones if they have been
nominated for that designation by the state and that nomination has been
certified by the Secretary of the U.S. Treasury via his delegation of
authority to the Internal Revenue Service.”
Urban Institute
5

6. What is a Qualified Opportunity
Fund?
“A Qualified Opportunity Fund is an investment vehicle that is set up as
either a partnership or corporation for investing in eligible property that is
located in a Qualified Opportunity Zone.”
Urban Institute
6

7. How Do Opportunity Zones Spur
Economic Development?
“Opportunity Zones are designed to spur economic development by
providing tax benefits to investors. First investors can defer tax on any
prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier
of the date on which the investment in a QOF is sold or exchanged , or by
December 31, 2026.
If the QOF investment is held for longer than 5 years , there is a 10%
exclusion of the deferred gain If held for more than 7 years, the 10%
become 15%. Second, if the investor holds the investment in the QOF for
at least 10 years, the investor is eligible for an increase in the basis of the
QOF investment equal to its fair market value on the date the QOF
investment or sold or exchanged.”
Urban Institute
7

8. Renaissance HBCU Opportunity
Fund
The Renaissance HBCU Opportunity Fund (the Fund) focuses upon
opportunistic and value-added real estate investments on or near the
campuses of Historically Black Colleges and Universities (HBCUs).
Renaissance Equity Partners organized the Fund, with support from the
nonprofit HBCU Community Development Action Coalition, upon the
principle that investors can do well by doing good.
8

9. Renaissance HBCU Opportunity
Fund
The Renaissance HBCU Opportunity Fund is interested in mixed use
projects with commercial components capable of bringing supermarkets
to U.S. Department of Agriculture designated Food Deserts and/or health
care facilities to U.S. Department of Health & Human Services designated
Medically Underserved Communities. We attempt to structure each
transaction to provide an ownership interest to the neighboring HBCU (or
a designated nonprofit affiliate)
9

10. Renaissance HBCU Opportunity
Fund
The Fund is particularly interested in an asset class called “HBCU Teaching
Hotels.” HBCU Teaching hotels will be educators and job creators. They
will serve as “hands-on” teaching venues for students studying Hospitality
Management or Business Administration at nearby HBCUs. Just as
university teaching hospitals prepare future generations of health care
professionals, the HBCU Teaching Hotels will prepare future generations
of hospitality executives and entrepreneurs.
10

11. Learn More and Submit Projects
Contact:
Brian C. Jenkins
Renaissance Equity Partners
7600 Georgia Avenue N.W.
Suite 404
Washington DC 20012 -1616
(202) 236-2865 Ext. 30
bcjenkins@renequity.com
11

12. HBCU CDAC and Renaissance
Equity Partners Collaboration
Robert K. Jenkins,
Fund Manager and Real Estate Finance Advisor
Renaissance Equity Partners
7600 Georgia Avenue N.W.
Suite 404
Washington DC 20012 -1616
(202) 236-2865 Ext. 30
Rkjenkins@renequity.com
12
Ron Butler, CEO
HBCU Community Development Action
Coalition
7900 NW 27th Avenue
Suite 236
Miami, Florida 33147
Phone: 305 322 7555
Email: HBCUCoalition@gmail.com
Website: HBCUcoalition.org

13. Reinvestment Fund
Yonina Gray, Director of External Relations

14. About Reinvestment Fund
▪ Reinvestment Fund is a national mission-driven financial institution
that creates opportunity for underserved people and places
through partnerships. We marshal the capital, analytics, social
determinants of health to build strong and equitable communities.
▪ Since 1985, Reinvestment Fund has made $2 billion in cumulative
investments and loans.
▪ We are supported by over 800 investors that include individuals,
foundations, religious institutions, financial institutions, civic
organizations and government.
@ReinvestFund
Reinvestment.com

15. Lending & Investing
Reinvestment Fund finances a variety of
projects that elevate the quality of life for
low wealth people and places including:
▪ Food Access
▪ Grocery retail
▪ Distribution centers
▪ Value chain businesses
▪ Health Care
▪ Community health centers
▪ Education
▪ Charter schools
▪ Early childhood education centers
▪ Higher Education institutions
▪ Housing
▪ Single and multi-family homes

16. Widening Geography & National Profile
Reinvestment Fund’s activity now spans the United States, strategically
aligning our capital structuring and data expertise to build on community
strengths.

17. ▪ 98% of full-time students
attending Talladega College
receive financial aid
▪ 203-bed student housing hall
and Student Life Center
▪ $7MM leverage loan to a
NMTC transaction
Financing to Iconic Alabama HBCU

18. Policy Solutions
Combining rigorous data analysis with a
distinctive ability to help clients think
spatially.
Real Estate Market Analysis
▪ Market Value Analysis (MVA)
▪ Limited Supermarket Access
▪ Commercial corridors analysis
▪ Foreclosure analysis and
prevention strategies
Program & Social Impact Assessment
▪ Estimating Supermarket Access,
School Lunch Analysis,
Grantmaker Advisory

19. Contact
Yonina Gray, Director of External Relations
Reinvestment Fund
(404) 420-1593
Yonina.Gray@Reinvestment.com

20. Easy Data Visualization
Betsy Minnich, Business Development & Outreach
PolicyMap

21. PolicyMap Features

22. PolicyMap Data

23. Visualizing Your Community
Social Needs
Opportunity Zones, Community
Development Block Grants, New Market
Tax Credits
Disparities Persistent poverty, digital equity, food
desserts, health care access, education
Demographics Use indicators related to diversity,
homelessness, age, family composition
Housing Data
Lending, home sale, rental and mortgage
data
Cost burdened and unbanked households

24. Mapping HBCUs

25. Create Custom and Save Custom Regions

26. Qualified Opportunities Zones

27. NMTC Eligibility and OZ Designation

28. Stacked Incentives
▪ The simplest way is to
search for an address in
the Location Bar while
the NMTC and QOZ layer
is displayed on the map
▪ Upload your spreadsheet
of project addresses using
our self-service Data
Loader

29. PolicyMap’s Self Service Data Loader

30. Download Data Points with Data Layers

31. Medically Underserved Areas

32. Limited Supermarket Access

33. Social Needs Index

34. Three Layer Maps

35. Community Profile Reports

36. Community Profile Reports

37. Community Profile Reports

38. https://www.policymap.com
Betsy Minnich, Business Development and Outreach
1315 Walnut Street, Suite 1500
Philadelphia, PA 19087
Betsy.Minnich@policymap.com
610-453-3329

39. Questions?