Memphis launches initiative to empower minority developers

In a recent government meeting, officials announced the upcoming Black Developers Housing Summit, set to launch in March 2025. This initiative aims to empower emerging developers, particularly those with 0 to 3 years of experience, with a strong focus on minority participation. The summit is being organized in partnership with Freddie Mac, which has already approved vendor and supplier registrations specific to Memphis.

The planning for the summit is underway, with a meeting scheduled for November 17th through 20th to discuss logistics and venue selection. Officials emphasized the importance of identifying locations within the community, particularly in areas like White Haven and South Memphis, to showcase affordable housing efforts and promote creative place-making.

While the summit aims to highlight cultural assets in less desirable areas of the city, there are challenges in securing large convention spaces that align with city support. Additionally, there is a push for collaboration with city officials, as community partners express interest in involving the city of Memphis in the summit's activities. This collaboration could enhance the summit's impact and foster stronger relationships between local government and community developers.