New nonprofit group helps International Institute develop housing for immigrants, refugees

A new nonprofit group is working with the International Institute of St. Louis to help it potentially develop housing for immigrants and refugees.

Summit Real Estate Group last fall launched the nonprofit, Mission Realty Advisors, to provide community-based nonprofits with consulting and development services including budgeting, contractor selection, and capital and funding source strategies.

Led by Executive Director Peter Kinsella, Mission Realty Advisors is evaluating options for the Institute that could include the acquisition or construction of transitional and rental housing for new arrivals, and possibly opportunities for home ownership. Those options would be presented to the Institute’s board of directors, which would decide whether to proceed to look for investors. Read more here.