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Ramsey County says EDD program has invested millions; cohort participation linked with higher award rates
Summary
Ramsey County presented program history and statistics for the Emerging and Diverse Developers program: staff cited $13.1 million invested over two years, 27 applications last year and 12 awards; county presenters said cohort participation increased applicants' chances of receiving awards.
Jerica Gomez, multifamily development specialist for Ramsey County, summarized the EDD program’s recent performance during the webinar, saying the county has invested "$13,100,000 into emerging developers in the last 2 years." Gomez said the program began with a 2022 engagement process and that the county used technical assistance plus funding to support new developers.
Gomez provided metrics from recent solicitations: last year Ramsey County received 27…
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