Properties
Rising Tide has a Property Acquisition Committee whose role is to identify potential properties, conduct an analysis as to the viability of said property being of interest to the organization, and providing recommendations to the Board for purchase approval.
It is Rising Tide’s intention to secure properties in various sections of the community. However, the committee requires a positive response to each of the following questions before moving ahead on a particular property.
It is Rising Tide’s intention to secure properties in various sections of the community. However, the committee requires a positive response to each of the following questions before moving ahead on a particular property.
- Does the zoning allow for intended purposes?
- Does the property provide for our intended purpose?
- Does the property fall within the funding organization criteria?
- Does the purchase price match the budgeted amounts per unit?
- Do renovations match the budgeted amounts per unit?
- How would the property fit into the existing neighbourhood?
- Are the currently tenants in the building?