Capital Impact Partners' Equitable Development Initiative (EDI) Visit

It was a pleasure hosting the Capital Impact Partners' Equitable Development Initiative (EDI) Team @ The QWIC

About The Equitable Development Initiative

In an effort to better ensure that diverse 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 (EDI).

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 diverse developers in growing their

careers and renewing communities.

Empowering Diverse Developers to Lead Revitalization Efforts

The Equitable Development Initiative works to broaden participants’ skills and opportunities through three key areas:

Participant Selection Criteria

• Actively working to further careers in real estate development in one of our identified EDI geographies

• Living in and having a strong connection to the city in which they work

• Having some real estate development experience

• Demonstrating a commitment to inclusive growth as part of their city’s revitalization

• Being underway or intending to developmultifamily or mixed-use real estate projects to address the region’s supply of housing

Training: Program participants engage in formal mixed-use real estate development training, workshops with local development experts and city leaders, and discussions around challenges and opportunities for developers of color in metropolitan regions;

Mentorship: Participants receive one-on-one support from developer or finance mentors. These local experts provide project-specific guidance to further participants’ real estate development efforts; and

Financing: Capital Impact will work with program participants to connect them to project financing options, leveraging the tools they have gained to strengthen their financing applications.

To learn more about EDI, visit www.capitalimpact.org/edi