Empowering Community-Rooted Developers to Lead Revitalization Efforts
In an effort to better ensure that emerging real estate developers have the skills they need to participate in their community’s growth and revitalization efforts, we have launched the EDI program. This program combines our local knowledge, partnerships, and key strengths—including program design and project financing—to support these developers to grow their careers and support communities.
Program Overview
Training
Program participants engage in formal real estate development training, workshops with local development experts and city leaders, and discussions around challenges and opportunities for community-rooted developers in metropolitan regions.
Mentorship
Participants receive one-on-one support from both a developer mentor and a finance mentor. These local experts provide project-specific guidance to further participants’ real estate development efforts.
Financing
Capital Impact Partners will work with program participants to connect them to potential project financing options, leveraging the tools they’ve gained to strengthen their financing applications.
Interested in participating in EDI? Fill out our inquiry form to receive updates on our upcoming EDI cohorts. Fill out form
Eligibility Criteria
Candidates are selected based on the following eligibility criteria guidelines:
- Demonstrated barriers to accessing capital, including limitations to balance sheet capacity, and the resources required to advance affordable housing projects that benefit their communities
- Able to illustrate how barriers to accessing critical industry networks have restricted or limited accelerated personal and professional growth
- Demonstrated need for specialized real estate, financial, technical, and enterprise management training to scale their businesses
- Live in or near the primary metropolitan area of the program, and have a strong connection to the city in which they are working
- Demonstrate a commitment to community growth and actively participating in that effort in the applicant’s city
- Be able to commit to in-class training sessions on a weekly basis for up to six (6) hours per week during the cohort period
- Be interested in responding to requests for proposals for real estate development opportunities with or without a development partner in the next 1-2 years
Meet Our EDI Program Participants
Equitable Development Program participants represent a group of individuals with a range of backgrounds and experience. We invite you to learn more about them by downloading the bio sheets below.
Our Partners
We would like to thank our partners at JPMorgan Chase and the A. James & Alice B. Clark Foundation for their generous support of the EDI program and our broader efforts to create a more inclusive economic opportunities in Detroit and Washington, D.C.
We’re here to answer your questions.
Jeffrey Mosley
Director, National Real Estate Programs
Contacts by EDI Program
Atlanta
Atlanta
Tommy Lester
Manager, Atlanta Initiatives
tlester@capitalimpact.org
571-560-1364
Austin
Austin
Aaron Gougis
Manager, Dallas Initiatives
agougis@capitalimpact.org
703-647-2326
Bay Area
Bay Area
Caitlin Keane
EDI Manager
ckeane@capitalimpact.org
703-647-2389
Dallas
Dallas
Aaron Gougis
Manager, Dallas Initiatives
agougis@capitalimpact.org
703-647-2326
Detroit & Cleveland
Detroit & Cleveland
Rieanna Stewart
Detroit Training Manager
rstewart@capitalimpact.org
703-215-7849
Washington Metro (DMV)
Washington Metro (DMV)
Melissa Stallings
Director, DMV Initiatives
mstallings@capitalimpact.org
703-967-3615
Building is in Her Blood
Stories of Impact
Returning Detroit to Greatness
When Richard Hosey returned to his hometown in 2008, the economic downturn had completely changed the city he remembered. With help from Capital Impact, the Detroit native has focused his efforts on returning the city to its former greatness through projects that foster growth for all residents.
Learning New Skills to Shape Their Future
With our new initiative, developers like Alisha, Chase and Damian are being given a unique opportunity to demonstrate how emerging real estate developers can participate in supporting the growth of their city.
Building Community in Washington, D.C.
When two EDI graduates had a vision for revitalizing a Washington, D.C. neighborhood and creating affordable housing, they turned to Capital Impact Partners to help jumpstart their project.
