Community Redevelopment, Inc. Commences Real Estate Development Operations in South Florida

Community Redevelopment intends to offer shareholders a means of affecting social change in society by providing an increased standard of living in underdeveloped neighborhoods.

MIAMI, March 02, 2021 (GLOBE NEWSWIRE) -- Crosswind Renewable Energy Corp. dba Community Redevelopment (OTC Pink: CWNR) ("the Company"), a community oriented real estate redeveloper targeting economic growth and opportunity zones in secondary and tertiary markets, announced today that it has commenced operations in the Miami, Florida area. Although no definitive agreements have been executed to date, the Company has entered into preliminary discussions with several potential parties. The principal business objective for the next 12 months and beyond will be to achieve long-term growth potential through community-private partnerships within different US jurisdictions.

“Our plan is to develop mixed-use, mixed-income, live, work, play communities,” said Kevin Humes, President of Community Redevelopment. “We want to develop vibrant communities in underserved areas with some of the homes listed for the market rate, while others are designated as affordable for seniors, veterans, and families. Our goal is not to push the existing residents out. Our goal is to make their community a better place to live and work.”

Community Redevelopment plans to partner with developers and local governments to design and develop mixed-use, master-planned communities that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks, open space, along with housing and amenities for military veterans. Community Redevelopment plans to provide numerous opportunities to improve low income neighborhoods for residential, commercial, and industrial opportunities through government incentives, long term partnerships and agreements. Public-private partnerships typically have contract periods of 25 to 30 years or longer. Financing comes partly from the private sector but requires payments from the public sector and/or users over the project's lifetime. The private partner participates in designing, completing, implementing, and funding the project, while the public partner focuses on defining and monitoring compliance with the objectives. Risks are distributed between the public and private partners according to the ability of each to assess, control, and cope with them.