Capital Impact Partners, a nonprofit community development financial firm headquartered in Arlington, Va., started the program in 2018 with groups in Detroit, Washington, D.C., and the San Francisco Bay Area.of the program funded by JPMorgan Chase and Charles Schwab.
“I educate myself on all of the programs out here and I try to speak at roundtables just to tell people in the community,” Andrews said. After owning a trucking business since 2014, Andrews pivoted to start a single-family development firm in 2020. She’s built more than 36 houses in the two years she’s run Andrews Development & Holdings as its general contractor, CEO and owner.
The varying skills that cohort members come in with make the training a robust experience, Gougis said. In his years of work, he said he didn’t meet many Black developers but saw how banking disparities among people of color can stunt a professional’s potential to grow. As he watched a community grow alongside large distribution centers, he’s considered the impact it’s having on the people who live there.
Source: Real Estate Daily Report (realestatedailyreport.net)
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