2024 Winter Issue of Urban Land - 62

SELECT FUNDING SOURCES FOR BLACK DEVELOPERS
PROGRAM/SPONSOR DETAILS
ACCESS
(Community Preservation Corporation)
DETAILS
Provides financial resources, capacity building
opportunities, and technical assistance to
entrepreneurs of color who have historically
faced barriers to entry in the real estate
development market.
Amazon Housing Equity Fund
(Amazon)
Focuses on equity through increased access
to affordable housing. Provides minorityled
organizations with low-rate loans in the
Amazon headquarters communities of the
Puget Sound region of Washington state, the
Washington, D.C./Northern Virginia region, and
Nashville, Tennessee.
American South Real Estate Fund
(SDS Capital/Vintage Realty Company)
Invests in projects in emerging urban
communities or secondary markets with strong
redevelopment and growth potential in 10 states
(AL, AR, FL, GA, LA, MS, NC, SC, TN & TX).
Value-added fund provides preferred equity
(predominantly) to developers.
Black Developer Capital Initiative
(National Affordable Housing Trust and
Low-Income Investment Fund)
Black Economic Development Fund
(Local Initiatives Support Corporation/LISC)
Capital Access Program
(Empire State Development)
Supports the growth of Black-led affordable
housing developers who've been systematically
denied access to capital.
Addresses economic challenges in Black and
underinvested communities by targeting Blackled
financial institutions and businesses across
the U.S., including real estate developers.
Funding for small businesses in New York that
have had their access to credit on reasonable
terms diminished, as compared with others in
similar economic circumstances, due to racial
and other biases.
Communities of Color Fund
(Chicago Community Loan Fund)
Equitable Development Initiative
(Capital Impact Partners)
Equitable Path Forward
(Enterprise Community Partners/Bank of
America)
Growing Diverse Housing Developers
(Capital Impact Partners/
Wells Fargo)
Philly Rise Accelerator
(Black Squirrel Collective)
Starwood Impact Investors
(Starwood Capital Group)
Finances projects throughout Chicago with
challenging but promising projects that other
financial institutions will not or cannot finance.
Empowers developers of color to lead
revitalization efforts to better ensure that
real estate developers truly reflect their city's
diversity.
Five-year initiative to increase access to
capital and career opportunities for Black
leaders developing multifamily, affordable and
supportive housing across the country.
Focuses on expanding the growth and success
of real estate developers of color to address
lack of diverse real estate developers.
Provides access to capital to 10-12 Black and
other developers of color who are producing 50
new residential housing units annually for the
next five years.
Invests in real estate opportunities con-trolled
by diverse owners and operators across the U.S.
and provides them with access to capital.
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URBAN LAND WINTER 202 4
2024 Winter Issue of Urban Land

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