Hanns & Erving is a collective enterprise. A type of social enterprise venture that has a stated goal of performing a socially beneficial purpose.
Instead of investing cash, our members utilize their skills and talents as a means of investing in real estate development. This approach allows local residents to participate in the redevelopment of their neighborhood without the burden of amassing large sums of debt.
In return, each participant earns shares in proportion to the amount of time they spend restoring the property. Those shares are then paid out as dividends (or cash).
Hanns & Erving serves as a foundation for addressing a plethora of other social dilemmas including affordable housing, institutional investment and economic development.