EQUITY IN ACTION
A RESPONSE TO ENSURE ACCESS TO CAPITAL FOR DEVELOPERS OF COLOR
Through education, engagement and regional advocacy, HAND builds the capacity of its cross-sector collective to support the development of sustainable communities for individuals and families at all income levels. Keeping with our commitment to center racial equity, HAND is intentional in embedding these values into our operations, creating solutions that drive just and equitable outcomes for communities of color. We know there is a vested interest in doing more of the same, and we strive to model for our members what it means to address the longstanding barriers that are woven into the very fabric of our society – benefiting a few at the expense of others. Utilizing an equity lens with every decision is critical to ensure our programs and processes yield equitable outcomes. Even in the midst of the growing housing affordability challenge, black and brown real estate developers are still met with the obstacle of accessing the capital needed to execute their plans to revitalize communities.
We are pleased to partner with Greystone to offer a debt and equity platform designed to increase opportunity for black and brown real estate developers who seek to create communities where all can thrive. Join us in shaping the next chapter of housing development in our region. ALL institutional HAND Members are eligible to participate. Developers of color are strongly encouraged to apply.
Not a HAND member? Need to renew your membership? You can join or renew here.
“Right in D.C., and in surrounding Maryland and Virginia, the affordability crisis has been exacerbated by the pandemic and economic setbacks. Add to this that black and brown real estate developers are still met with the obstacle of basic access to the capital needed to execute their plans to revitalize communities,” said Heather Raspberry, Executive Director, HAND. “We are pleased to partner with Greystone to offer a membership benefit designed to increase opportunities for the BIPOC community as well as increase awareness and education of the options available to the institutional market.”
“Greystone is executing on its commitment to help reduce barriers to accessing capital for communities of color and beyond, and we are hyper-focused on bringing the benefits of our debt and equity solutions to groups that need them most,” said Steve Rosenberg, founder and CEO of Greystone. “HAND’s membership is aligned with our own mission to preserve and create desperately-needed affordable housing, and we are thrilled to create a direct access point for them to benefit from finance and advisory services to help achieve their goals. We hope this partnership with HAND serves as a model to creating access to financing for other BIPOC commercial borrower communities nationwide.”
EQUITY IN ACTION IN THE NEWS
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