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Design contest fosters cooperation between students nonprofits

on Tuesday,April 20,2010 23:04

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In an effort to encourage students and nonprofit organizations to work together to help underserved communities, Chase and Enterprise Community Partners are collaborating to host a real estate development contest.

For the fifteenth consecutive year, the Chase Community Development Competition has announced a call for entries. Teams of six to eight students will be required to work with nonprofit organizations to create sustainable real estate development proposals for the New Orleans area. Each plan should include financial analysis and architectural renderings.

Michelle Whetten, vice president and impact market leader for Enterprise, said that the competition is intended to give participants "professional community development experience" and enable them to "bring much-needed community services to local neighborhoods - from grocery stores to small business incubators."

A total of three teams will be chosen to receive predevelopment grants to launch their projects. Awards of $25,000, $15,000 and $10,000 will be awarded to the first, second and third place winners, respectively.

September 24 is the deadline for qualified teams to submit their design abstracts, and completed propels will be due November 2. The winners will be announced November 30 in New Orleans.

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