LISC NYC

Developers of Color Training Program

The goal of the LISC NYC Developers of Color Training Program is to help Minority-Owned Business Enterprise (MBE) developers expand their capacity and project access. Developers will have the opportunity to become more competitive as the city's affordable housing project pipeline grows and more market opportunities arise.
The program will help developers of color enhance their networks, gain access to capital and build their capacity while expanding their existing portfolio of business and contracts. This will support more inclusive and equitable wealth generation.

The program is targeted to owners of MBE real estate development firms. Accepted firms may send an additional senior level manager to the training; however, full participation of the firm's owner is required.

Please send questions to nycdevelopersofcolor@LISC.org and/or liscdevelopersofcolor@rfwconsultants.com.

Eligibility Requirements
  • Firms located in the greater New York City region (in one of the 5 boroughs of NYC; Long Island; Westchester County or Northern NJ) and who do a majority of their business in NYC;
  • At least 51% of the firm is owned by a person of color (Black/African American; Hispanic/LatinX;  Native American/Alaskan Native; or Asian/Pacific Islander);
  • Firm certification as a Minority Business Enterprise (MBE) by New York City or New York State is preferred but not required;
  • Participating owner or senior partner must have at least five (5) years of experience as a real estate developer;
  • Experience developing housing/commercial spaces (projects greater than 50 units of housing or 15,000 square feet commercial space is preferred);  
  • Fewer than 50 employees;
  • At least one active real estate project in the pipeline; for example, an affordable housing project for which the firm was selected as developer by a government agency such as NYC Department of Housing Preservation and Development (HPD), NYC Economic Development Corporation (EDC) or NYS Homes and Community Renewal (HCR).    

Program Elements
  • Virtual instruction modules with in-person sessions in-between 
  • Coaching by experienced real estate developers 
  • Real time assistance with deals in the project pipeline
  • Real time support developing agency and industry relationships
  • Access to equity capital through participation in an investor pitch competition at program conclusion

Timeline
  • May 18, 2022 | Virtual information session from 2 - 3 PM 
  • May 25, 2022 | Applications Due
  • June 1, 2022 | Participants Selected
  • June 14, 2022  | Second Cohort Training Cycle 
  • August 3, 2022 | “Shark Tank” Investor Pitch 

Business Owner Applicant Information