Have you ever wondered how your church’s property might be used in new or different ways that would serve the community AND generate revenues to support the church’s ministries? Many church leaders are exploring how their property assets might be transformed from fallow to fruitful while simultaneously impacting their community for good. If this possibility sparks your interest, we have an opportunity for you to explore.
The Affordable Housing Committee of the Baltimore Washington Conference has established a partnership with Georgetown University’s Master’s Program in Professional Real Estate, and they have expanded this opportunity to Northern Virginia churches as well. Georgetown students undertake free feasibility studies of a church’s property to assess whether or not an affordable housing development can be undertaken on the property that would lead to a positive financial outcome for the church. The students undertake a market analysis to assess whether there is a need for such housing and conduct a financial analysis to determine whether or not such a project makes sense from a business perspective. The results of the study are given to church leaders and there is no charge for this analysis. The reports are typically 80-90 pages in length and would cost thousands of dollars were the church to pay for this analysis. Your leaders can study the results and discern whether and how they might like to proceed. Our NoVa District Church Building & Locations team can also help resource you if you would like to proceed after the study.
If this is of interest to you—to have a feasibility study undertaken on your church’s property at no cost to the church—then please complete this form no later than June 30th and return it to Rev. Sam Marullo, chair of BWC’s Affordable Housing Committee, at firstname.lastname@example.org. If you have any questions, please feel free to contact Rev. Marullo.