New Chapter Ventures @newchapter.org · Jul 10 1 / 4
Church property is one of the most overlooked assets in community development. 📍 The buildings are often well located and structurally sound, sitting on more space than a congregation currently uses. But meaning alone does not cover maintenance, and weekday vacancy adds real financial pressure.
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Adaptive reuse offers a different path: a model where the space supports itself and keeps serving the neighborhood. At Haw Creek Commons, that looks like $13,500 in monthly recurring revenue. At Wilkesboro, $30k to $40k returning to the church each year while 80 children have a place to go. 🌱