• Equitable Development Participants pose for group shot
  • EQUITABLE DEVELOPMENT INITIATIVE

Empowering Minority Developers to Lead Revitalization Efforts

 

In an effort to better ensure that real estate developers truly reflect their city’s diversity and that real estate developers of color are able to participate in growth and revitalization efforts, we have launched the Equitable Development Initiative. Charting a new path toward inclusive economic opportunity, this program combines our local knowledge, partnerships, and key strengths – including program design and project financing – to support developers of color to grow their careers and support communities.

Man points to blueprint on screen.

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 minority developers in metropolitan regions.

Two women review papers at desk

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.

Man stands on steps of house to be rehabilitated

Financing
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.

Our Equitable Development Initiative is Now Available in the Bay Area

Apply for our Bay Area Cohort Starting September 22

The application for our newest EDI cohort with a focus on affordable housing in the San Francisco Bay Area is now open! The application window runs from 9/22 – 10/20. You can apply directly through our Submittable form online (coming soon). If you have any questions, please contact Cameron Wilson using the contact information below.


Questions About Applying?

Cameron Wilson

cwilson@capitalimpact.org

(510) 496-2224

ELIGIBILITY CRITERIA

From late 2021 through early 2022, Capital Impact Partners will be providing another round of training and technical assistance to a new set of participants as part of the Bay Area Equitable Development Initiative. The online application process will be open from September 22 through October 20, 2021.

Candidates are selected based on the following eligibility criteria guidelines:

  • Identify as racial or ethnic minorities.
  • Be actively working to further careers in real estate development. As this is not an introductory program, candidates are expected to have some real estate development experience.
  • Live in or near the primary metropolitan area of the program, and have a strong connection to the city in which they are working.
    • Counties open for Bay Area EDI: Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano, and Sonoma.
  • Demonstrate a commitment to inclusive growth and actively participating in that effort in the applicant’s city/region.
  • 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.

Questions?

Jeffrey Mosley, National EDI Program Lead

jmosley@capitalimpact.org | 703-647-2394

If you have questions about one of our Equitable Development Initiatives, please contact the respective program lead:

Bay Area Program:

Cameron Wilson, Bay Area Initiatives Director

cwilson@capitalimpact.org | 510-496-2224

Detroit Program:

Jarrett Sanders, Detroit Real Estate Program Specialist

jsanders@capitalimpact.org | 313-230-0147

DMV (Washington Metro Area) Program:

Daria Guzzo, D.C. Program Specialist

dguzzo@capitalimpact.org | 703-647-2334

Fact Sheet

 

Meet Our EDI Program Participants

Equitable Development Program participants represent a diverse group of individuals with a range of backgrounds and experience. We invite you to learn more about them by downloading the
fact 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 Equitable Development Initiative and our broader efforts to create a more inclusive economic opportunities in Detroit and Washington, D.C.

STORIES OF IMPACT

Through capital and commitment, we help people and communities break the barriers to success. That impact is illustrated through minority developers that we have partnered with across the country to ensure that low-income communities have access to the critical social services they need to thrive. Here are a few of their stories.

 
Richard Hosey stands on the rooftop of one of his Detroit projects.

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 inclusive growth for all residents.

Meet Richard

Man stands in room about to be renovated

Learning New Skills to Shape Their Future
The EDI program provides key skills to 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 Three EDI Graduates

Sam Shina cuts the ribbon at the Imperial FreshMarket Grand Opening

Building Community in Washington, D.C.
When Thomas Houston and Talayah Jackson had the vision to turn a vacant lot in Washington, D.C.’s Ward 7 into affordable housing, office space for entrepreneurs, and a locally owned grocery store, they used their skills from the EDI program – and financing from Capital Impact – to get their project off the ground.

Watch The Video

 

Building is in Her Blood

Alisha Moss’ grandmother is said to have built all of Lima, Ohio “with her bare hands” when her family lived there from the mid-1930s through the 1960s. She did this in an era when few women, and few African Americans, were involved in the construction industry. But the going was not easy. People of color could not get loans. In many cases they were not even allowed in the bank. So Moss’ grandmother either borrowed or bartered for tools as needed to support her family. That passion for building has stuck with Moss, as have many barriers to success in the industry. Hear directly from Alisha as she talks about how EDI is giving her an opportunity to be part of constructing Detroit’s future.

 

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