Issues & AdvocacyFederal
Crowdfunding Report Released
By Shervan Sebastian, Manager, Federal Relations
A report commissioned by the AIA and released today shows how crowdfunding can play a role in financing innovative design projects.
Part of an effort to help AIA members understand crowdfunding and how it can be used for architecture projects, “Crowdfunding Architecture” discusses the possibilities that community based financing provides, using examples of existing projects funded through this innovative financing tool. This including a skyscraper in Bogota, Colombia, a pedestrian bridge in Rotterdam, Netherlands and a mosque in Joplin, Missouri.
The report shows that crowd based funding has helped creative development ideas gain traction with lower denomination, but higher quantity community investors.
As part of the report roll out, the AIA hosted a webinar today titled “The Crowdfunding Initiative’ that featured a panel of Ben Miller and Daniel Miller, the co-founders of Fundrise – a Washington, D.C. based firm that specializes in using a crowd equity platform to spur investment. The third panelist, Tobias Holler, AIA, LEED AP , Assistant Professor at the New York Institute of Technology and founder of HOLLER architecture, discussed using crowdfunding for economically driven community development.
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