This first episode of Own The Block sets the table for the season: what community-owned real estate actually is, how mature the field is in 2026, and what it will take for community ownership to become a durable, repeatable part of the real estate system rather than a one-off exception. Curt Lyon (Executive Director at Transform Finance) and Ahmed Mori (Co-director of the Community Ownership Learning & Action Lab at the University of Miami) zoom out to the state of the field and its policy landscape, while Nikishka Iyengar (Founder and CEO at The Guild) brings it down to the ground through The Guild's own work building the Community Stewardship Trust.

In this episode:

• A working definition of community-owned real estate (CORE) and what separates it from conventional development or mission-driven real estate.
• The scale of the field today — including a Bridgespan/Center for Community Investment estimate of 300+ organizations holding over $10 billion in community-owned real estate assets.
• What "ecosystem stewardship" means and who is playing that connective role around the country.
• Where policy is moving the field forward (opportunity-to-purchase laws, Measure ULA, community wealth-building funds) and where implementation still falls short.
• What "durability at scale" would require — not just more capital, but standardized legal tools, revolving acquisition funds, and long-term stewardship financing.
• Inside The Guild's Community Stewardship Trust model and how its buyback mechanism lets community shareholders — not outside investors — capture the upside as properties appreciate.

Find out more:

• Community Ownership Learning & Action Lab
  • Website
• The Guild
  • Website

Connect with Transform Finance:

• Website
• LinkedIn

Welcome to Own the Block, a show for the people who want to build community-owned real estate — and the practitioners who make it possible. Each episode unpacks a different piece of the capital stack and tells the stories behind the deal, through conversations with the connectors, technical assistance providers, and fund creators who turn complicated deals into real, non-extractive wins for communities. Smart, practical, and story-driven, Own the Block is built for nonprofit workers, community activists, lenders, funders and local government partners navigating this world firsthand — real strategies, real success stories, and a clear-eyed look at what it takes to own the block.