Program participants engage in formal mixed-use real estate development training, workshops with local development experts and City of Detroit leaders, and discussions around challenges and opportunities for minority developers in Detroit.
Participants will receive one-on-one support from both a Developer Mentor and a Finance Mentor. These local experts will provide project-specific guidance to further participants’ real estate development efforts.
Capital Impact will work with program participants to connect them to project financing options, leveraging the tools they’ve gained to strengthen their financing applications.
Sauda is a native Detroiter and founded S&S Development Group, LLC in 2005. S&S focuses on real estate investments, community development, and neighborhood revitalization. Sauda serves as the principal and manages day-to-day operations. She is also a licensed attorney in the state of Michigan.
Ron launched R&J Development as a property investment firm in 2006. A native of Detroit, his vision for the company is to make strategic investments in areas that are a major part of the renaissance of the city. R&J currently owns multiple residential and commercial properties throughout Detroit.
Chase L. Cantrell
Chase is the executive director and founder of Building Community Value, a Detroit-based non-profit dedicated to development projects in underserved Detroit neighborhoods. Chase seeks to be a catalyst for sustainable social and economic development that engages distressed communities in creating impactful, resident-led change but, more specifically, that improves livability for all Detroiters.
Damion is the managing partner of the Phoenix Real Estate Company.The Detroit native is an expert in the financial services industry, playing critical roles in the execution of more than $12 billion in financial transactions that include collateralized loans and municipal bonds. Damion’s strong commitment to the city of Detroit and economic development have led to major developments in underdeveloped.
James Feagin IV
James is an urban practitioner with a passion for inclusive economic development. As a consultant, he helps his clients innovate their neighborhood investment programming. He also currently serves as Entrepreneur-In-Residence for FREC City, an economic-mobility hub and recently launched projects+PEOPLE, a neighborhood-focused development firm supporting mission-driven organizations investing in cities nationally.
Jeanine C. Hatcher
Jeanine is the executive director and co-founder of GenesisHOPE, and is charged with carrying out the organization’s mission to achieve the vision of sufficient sustainable livelihood for all by focusing on youth, community, and economic development in Detroit’s Islandview Village. Jeanine has more than 30 years of experience in the business and nonprofit sectors. She “brings an entrepreneurial view” to the mission of social justice.
Alisha is currently the CEO and founder of VM3 Consulting Corporation and VM3 Construction, LLC, a small, minority, woman-owned consulting and construction firm that has recently relocated to the Metro-Detroit area. VM3 leverages capital procurement, finance, tax, project management, training/facilitation, and business process experience to become trusted advisers for its clients.
Kirby Center Lofts
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 inclusive growth for all residents.
Equitable Development Initiative Cohort
The EDI program launched with promising individuals representing a broad spectrum of community development expertise. Follow along as we take a deep dive with three participants to learn more about their backgrounds and their future plans.
Meet The Cohort Team
An immigrant from Iraq, Sam Shina made Detroit his hometown in the 1980s and never left. Through good times and bad, residents have relied on his stores for healthy food options. His partnership with Capital Impact has helped him continue to grow and expand to meet residents’ needs.