2024 Winter Issue of Urban Land - 56

The greaT divide that prevents Black
developers from reaching their full potential
is access to capital. They are often competing
against generational wealth, expansive
real estate development exƒperience, and
perception bias, making already-hard-tosecure
capital even tougher.
Amid broad acknowledgment of those
Malcolm Johnson,
CEO of Langdon Park
Capital based in Los
Angeles with offices
in Washington, D.C.,
with his team.
issues, a growing number of funding sources
emerged during the 2020 pandemic, whether
from nationally run programs or from smaller
state- or community-based initiatives that
recognized the disparities and wanted to
help fill a void. So far, though, much of the
immediate funding has been in the form of
debt programs, ones designed as targeted
diversity efforts, with predetermined budgets
and spending caps, according to Gina Nisbeth,
founder and president of 9th & Clinton, a real
estate advisory firm in Annapolis, Maryland.
Despite the challenges in finding funding,
many experts agree that the benefits of
having diverse developers in communities
of color and across the entire real estate
landscape is critical. " It's important for people
who live in those communities to know that
ownership reflects us and their families,
[because] we get better outcomes that way, "
says Malcolm Johnson, CEO of Langdon Park
Capital in Los Angeles.
Johnson worked at one of the largest
financial institutions in the country, yet he
found out quickly that expertise doesn't
transfer to being respected as a developer.
Shifting the lens through which Black
developers are viewed and giving them credit
for their overall expertise in the industry-
instead of dinging them for not having 15
years development experience-is a must.
" Trying to get capital to understand that
our relatively short time in the space doesn't
mean that we don't have advanced technical
skills, it just means that we've been sitting at
different seats, " Johnson says.
Thomas Webster, chief program officer
of Black Squirrel Collective in Philadelphia,
recently celebrated the first anniversary of
Philly Rise, a five-year real estate accelerator
training program to provide access to capital
and help level the playing field for Black
56
URBAN LAND WINTER 202 4
ILENE S QUIRES

2024 Winter Issue of Urban Land

Table of Contents for the Digital Edition of 2024 Winter Issue of Urban Land

2024 Winter Issue of Urban Land - Cover1
2024 Winter Issue of Urban Land - Cover2
2024 Winter Issue of Urban Land - 1
2024 Winter Issue of Urban Land - 2
2024 Winter Issue of Urban Land - 3
2024 Winter Issue of Urban Land - 4
2024 Winter Issue of Urban Land - 5
2024 Winter Issue of Urban Land - 6
2024 Winter Issue of Urban Land - 7
2024 Winter Issue of Urban Land - 8
2024 Winter Issue of Urban Land - 9
2024 Winter Issue of Urban Land - 10
2024 Winter Issue of Urban Land - 11
2024 Winter Issue of Urban Land - 12
2024 Winter Issue of Urban Land - 13
2024 Winter Issue of Urban Land - 14
2024 Winter Issue of Urban Land - 15
2024 Winter Issue of Urban Land - 16
2024 Winter Issue of Urban Land - 17
2024 Winter Issue of Urban Land - 18
2024 Winter Issue of Urban Land - 19
2024 Winter Issue of Urban Land - 20
2024 Winter Issue of Urban Land - 21
2024 Winter Issue of Urban Land - 22
2024 Winter Issue of Urban Land - 23
2024 Winter Issue of Urban Land - 24
2024 Winter Issue of Urban Land - 25
2024 Winter Issue of Urban Land - 26
2024 Winter Issue of Urban Land - 27
2024 Winter Issue of Urban Land - 28
2024 Winter Issue of Urban Land - 29
2024 Winter Issue of Urban Land - 30
2024 Winter Issue of Urban Land - 31
2024 Winter Issue of Urban Land - 32
2024 Winter Issue of Urban Land - 33
2024 Winter Issue of Urban Land - 34
2024 Winter Issue of Urban Land - 35
2024 Winter Issue of Urban Land - 36
2024 Winter Issue of Urban Land - 37
2024 Winter Issue of Urban Land - 38
2024 Winter Issue of Urban Land - 39
2024 Winter Issue of Urban Land - 40
2024 Winter Issue of Urban Land - 41
2024 Winter Issue of Urban Land - 42
2024 Winter Issue of Urban Land - 43
2024 Winter Issue of Urban Land - 44
2024 Winter Issue of Urban Land - 45
2024 Winter Issue of Urban Land - 46
2024 Winter Issue of Urban Land - 47
2024 Winter Issue of Urban Land - 48
2024 Winter Issue of Urban Land - 49
2024 Winter Issue of Urban Land - 50
2024 Winter Issue of Urban Land - 51
2024 Winter Issue of Urban Land - 52
2024 Winter Issue of Urban Land - 53
2024 Winter Issue of Urban Land - 54
2024 Winter Issue of Urban Land - 55
2024 Winter Issue of Urban Land - 56
2024 Winter Issue of Urban Land - 57
2024 Winter Issue of Urban Land - 58
2024 Winter Issue of Urban Land - 59
2024 Winter Issue of Urban Land - 60
2024 Winter Issue of Urban Land - 61
2024 Winter Issue of Urban Land - 62
2024 Winter Issue of Urban Land - 63
2024 Winter Issue of Urban Land - 64
2024 Winter Issue of Urban Land - 65
2024 Winter Issue of Urban Land - 66
2024 Winter Issue of Urban Land - 67
2024 Winter Issue of Urban Land - 68
2024 Winter Issue of Urban Land - 69
2024 Winter Issue of Urban Land - 70
2024 Winter Issue of Urban Land - 71
2024 Winter Issue of Urban Land - 72
2024 Winter Issue of Urban Land - 73
2024 Winter Issue of Urban Land - 74
2024 Winter Issue of Urban Land - 75
2024 Winter Issue of Urban Land - 76
2024 Winter Issue of Urban Land - 77
2024 Winter Issue of Urban Land - 78
2024 Winter Issue of Urban Land - 79
2024 Winter Issue of Urban Land - 80
2024 Winter Issue of Urban Land - 81
2024 Winter Issue of Urban Land - 82
2024 Winter Issue of Urban Land - 83
2024 Winter Issue of Urban Land - 84
2024 Winter Issue of Urban Land - 85
2024 Winter Issue of Urban Land - 86
2024 Winter Issue of Urban Land - 87
2024 Winter Issue of Urban Land - 88
2024 Winter Issue of Urban Land - 89
2024 Winter Issue of Urban Land - 90
2024 Winter Issue of Urban Land - 91
2024 Winter Issue of Urban Land - 92
2024 Winter Issue of Urban Land - 93
2024 Winter Issue of Urban Land - 94
2024 Winter Issue of Urban Land - 95
2024 Winter Issue of Urban Land - 96
2024 Winter Issue of Urban Land - 97
2024 Winter Issue of Urban Land - 98
2024 Winter Issue of Urban Land - 99
2024 Winter Issue of Urban Land - 100
2024 Winter Issue of Urban Land - 101
2024 Winter Issue of Urban Land - 102
2024 Winter Issue of Urban Land - 103
2024 Winter Issue of Urban Land - 104
2024 Winter Issue of Urban Land - 105
2024 Winter Issue of Urban Land - 106
2024 Winter Issue of Urban Land - 107
2024 Winter Issue of Urban Land - 108
2024 Winter Issue of Urban Land - 109
2024 Winter Issue of Urban Land - 110
2024 Winter Issue of Urban Land - 111
2024 Winter Issue of Urban Land - 112
2024 Winter Issue of Urban Land - 113
2024 Winter Issue of Urban Land - 114
2024 Winter Issue of Urban Land - 115
2024 Winter Issue of Urban Land - 116
2024 Winter Issue of Urban Land - 117
2024 Winter Issue of Urban Land - 118
2024 Winter Issue of Urban Land - 119
2024 Winter Issue of Urban Land - 120
2024 Winter Issue of Urban Land - 121
2024 Winter Issue of Urban Land - 122
2024 Winter Issue of Urban Land - 123
2024 Winter Issue of Urban Land - 124
2024 Winter Issue of Urban Land - 125
2024 Winter Issue of Urban Land - 126
2024 Winter Issue of Urban Land - 127
2024 Winter Issue of Urban Land - 128
2024 Winter Issue of Urban Land - 129
2024 Winter Issue of Urban Land - 130
2024 Winter Issue of Urban Land - 131
2024 Winter Issue of Urban Land - 132
2024 Winter Issue of Urban Land - 133
2024 Winter Issue of Urban Land - 134
2024 Winter Issue of Urban Land - 135
2024 Winter Issue of Urban Land - 136
2024 Winter Issue of Urban Land - 137
2024 Winter Issue of Urban Land - 138
2024 Winter Issue of Urban Land - 139
2024 Winter Issue of Urban Land - 140
2024 Winter Issue of Urban Land - 141
2024 Winter Issue of Urban Land - 142
2024 Winter Issue of Urban Land - Cover3
2024 Winter Issue of Urban Land - Cover4
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-spring-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-winter-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-fall-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-summer-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-spring-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-winter-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022FallIssue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-summer-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-spring-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ulm-winter-2022
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/summer-issue-2021
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/uli-spring-2021-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ULIWinter2021
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDFALL2020
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDSUMMER2020
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDSPRING2020
https://www.nxtbookmedia.com