Community Redevelopment Inc. Formally Launches Joint Venture with Black Veterans Empowerment Council Inc.

Rhea-AI Summary

Community Redevelopment Inc. (CRDV) recently executed an affiliation agreement with the Black Veterans Empowerment Council Inc. (BVEC) to address the housing needs of Black veterans. The partnership aims to pre-determine veterans' housing needs and redesign properties to meet their specific requirements. With approximately 3.5 million people experiencing homelessness in America each year, and 23% of all homeless persons and 33% of all homeless men being veterans, the partnership seeks to provide stable, reliable housing for the homeless veteran population. The Urban Institute and the Department of Veterans Affairs (VA) statistics highlight the urgency of this issue, making the affiliation crucial in addressing the crisis.

This partnership will better help pre-determine the specific housing needs of our veterans.

EWING, NJ / ACCESSWIRE / December 4, 2023 / Community Redevelopment Inc. (OTC PINK:CRDV), a public company dedicated to designing, building and developing neighborhoods for traditionally underinvested communities, recently executed an affiliation agreement with the Black Veterans Empowerment Council Inc. (BVEC).

This strategic affiliation expands the objectives of each organization. "Our perspective here at CRDV, is to build and create true homes for traditionally underinvested communities," said CRDV CEO Richard Balles. "By any objective standard, the number of Black veterans who need adequate housing is appalling. Combining our resources with the BVEC, allows us to pre-determine veterans' housing needs as we acquire and then re-design properties to meet specific needs of these heroes."

The Urban Institute projected that approximately 3.5 million people experience homelessness in America each year, of which 23 percent of all homeless persons and 33 percent of all homeless men are veterans. Furthermore, the Department of Veterans Affairs (VA) estimates that 107,000 veterans are homeless on any given night.

Even with VA assistance, there are still more than 100,000 homeless veterans without any aid. "In fiscal year 2021 we served around 200,000 veterans and approximately 39% of those were African Americans," said previous Executive Director of VA Homeless Programs, Monica Diaz.

"Building with a wider lens for both the tenant and local community paired with the art of custom design is what makes this affiliation perfect for helping address this crisis," said BVEC‘s Chairman and President Shawn Deadwiler. "If we don't look to house our Black veterans first, we have lost the battle of stabilizing the Black veteran community. Stable, reliable housing is the first crucial building block for getting our homeless population back on their feet. I'm thrilled to be working with CRDV who understands this and is ready to advance our goals."

Mr. Deadwiler further shared: "This is a win for CRDV due to the need in the Black veteran community for housing. We have been advocating multiple cities for this exact type of approach. Black veterans and all veterans deserve better than to sleep on the streets. The fact that CRDV, as a business and public company, was already focused on this community truly surprised us. Our ability to qualify veterans awaiting housing allows CRDV to redesign acquired properties for their specific needs."

ABOUT COMMUNITY REDEVELOPMENT

Community Redevelopment (CRDV) is a comprehensive all-inclusive real estate company investing in the future of urban and suburban communities. Their objective is to develop neighborhoods utilizing technologies that provide equitable solutions for traditionally underinvested communities and advance sustainable change - socially, economically, and environmentally. CRDV has an elite team of professionals bringing a significant combined experience of over 100 years in real estate development, finance, and technology. Visit www.communityredevelopment.net for more information.

ABOUT BVEC (BLACK VETERANS EMPOWERMENT COUNCIL Inc.)

The Black Veterans Empowerment Council Inc. (BVEC) is a non-profit, non-partisan coalition made up of national, state and local veteran service organizations, for-profit businesses and the Black veteran community formed to address the racial disparities of Black veterans. One of their main goals includes addressing the housing needs of Black veterans and advancing their economic opportunities throughout the United States. BVEC is working on comprehensive plans, partnerships and affiliations to strengthen both the collaboration and transformation of their efforts as they continue to shift long-standing racial inequities suffered by Black veterans in the United States. Visit www.bvecinc.org for more information.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-Q Report filed on November 20th, 2023. We undertake no duty to update any forward-looking statement, or any information contained in this press release or other public disclosures at any time. Finally, the investing public is reminded that only the announcements or information about Community Redevelopment Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source.

CORPORATE CONTACT:

Community Redevelopment, Inc.
866 849-CRDV
Black Veterans Empowerment Council, Inc.
301-332-0021

SOURCE: Community Redevelopment, Inc.

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FAQ

What is the affiliation agreement between Community Redevelopment Inc. (CRDV) and the Black Veterans Empowerment Council Inc. (BVEC) about?

The affiliation agreement aims to address the housing needs of Black veterans by pre-determining their housing needs and redesigning properties to meet their specific requirements.

How many people experience homelessness in America each year, and what percentage of them are veterans?

Approximately 3.5 million people experience homelessness in America each year, with 23% of all homeless persons and 33% of all homeless men being veterans.

What is the significance of the partnership between CRDV and BVEC in addressing the housing crisis for veterans?

The partnership is crucial in providing stable, reliable housing for the homeless veteran population, as highlighted by statistics from the Urban Institute and the Department of Veterans Affairs (VA).

What is the main objective of CRDV and BVEC's partnership regarding housing for Black veterans?

The main objective is to build and create true homes for traditionally underinvested communities, specifically addressing the housing needs of Black veterans.

How many veterans are estimated to be homeless on any given night according to the Department of Veterans Affairs (VA)?

The Department of Veterans Affairs (VA) estimates that 107,000 veterans are homeless on any given night, with more than 100,000 homeless veterans without any aid, despite VA assistance.