Issues & AdvocacyFederal
The Crowdfunding Initiative (Video)
By Shervan Sebastian, Manager, Federal Relations
The AIA’s “Crowdfunding Initiative” has been steadily growing over the past 10 months.
Now, finally, we have video.
The “Crowdfunding Initiative” presentation which took place on January 31st, included three guest speakers who explained their subject matter expertise to an in-person and online crowd of AIA members nationwide.
Ben Miller and Daniel Miller, founders of Fundrise in Washington, D.C., discussed the specific community investment model used by Fundrise to develop properties along D.C.’s H St. corridor utilizing crowd-based financing.
Tobias Holler AIA, principal of HOLLER architecture was the third panelists, and he delved into a New York Institute of Technology supported recycling center in Costa Rica that is scheduled for completion this year. The Nosara Recycling and Community Center was funded with the support of a college grant and bolstered by a Kickstarter campaign that exceeded the expected funding level.
These developments are only a few of the examples the AIA has been highlighting to illuminate the viability of crowdfunding as a tool to support either stalled project ideas that have been unable to receive funding, or entirely new ideas that require innovative methods of investment and backing.
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