People, places and assets

OppCo has always had an adaptive mentality, asking questions and adjusting our model as we learn and grow. One big question, for us and the community development field as a whole, is: “What does it take for a real estate-based community developer to thrive?”

Of course, cost containment is a priority. OppCo saves our members money through economies of scale, providing centralized systems for financial management, human resources, IT, and data collection and evaluation. Our staff understand the missions of our members and offer the specific expertise needed for any given project, at a fraction of the cost of hiring outside consultants.

Additional building blocks of community development include the people and places within our neighborhoods. We work with our members’ Resident Services teams to implement programs that help residents thrive, contributing to the financial and social stability of the building, and with their Real Estate teams to create buildings that maintain their value as they age and continue to meet the needs of residents.

The final building block is solid asset management, so that over time there is enough cash flow to continue investing in the property, the people, and the organization. With OppCo’s support, our two founding members are both on track to reach 1,000 housing units in their portfolios, a magic number in terms of balancing and optimizing their mission and organizational revenue.

We are ready to share our formula for success with more community developers. OppCo is preparing to bring on its third member, and is planning to grow to five members within the next several years. Who will they be? Please stay with us on this journey as we expand and grow.

Read More in OppCo’s 2021 Annual Report