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Housing-focused partner reports: Black developers summit, Emerging Developers Academy graduated 23 participants
Summary
Alliance for Housing Progress reported a Black Developers Housing Summit that served more than 200 participants, an Emerging Developers Academy that accepted 23 graduates and an 18-month support plan to develop 15–18 single-family affordable homes.
Rashida Jones, Tennessee managing director for the Alliance for Housing Progress, said partner organizations have moved from site visits to training and capacity-building for emerging Black developers.
"We went on-site visits toward communities, started working with community-based organizations, CDCs and other nonprofits to identify housing needs..." Jones said. She reported that the Black Developers Housing Summit supported more than 200 emerging developers and that the Emerging Developers Academy accepted 23 developers for an accelerated program. "They graduated last week and they will continue to be under our tutelage for the next 18 months to see 15 to 18 units of single family affordable housing on the ground," she said.
Jones said the Emerging Developers Academy began with more than 100 applications although it originally planned for 15–20 participants, and partners included Freddie Mac, the city of Memphis, Shelby County Commission, Community Lift and the MMBC. She also described a youth real estate program that reached more than 100 students and emphasized capacity-building for tenants and prospective homeowners.
Members and the chair highlighted these program outcomes as evidence the committee's projects are producing measurable results that should be documented for ARPA compliance and future funding discussions.
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