The lack of Black and Brown real estate owners isn’t the only problem; it’s also the lack of Black and Brown developers. Developers of color understand their neighborhoods and the kinds of projects their communities need, but they often lack the resources to make it happen, like access to capital and the right connections.
Here in Chicago, we are part of an effort to change the face of the real estate industry by attacking that problem at its source. Yield, a partnership between LISC Chicago and Urban Land Institute (ULI) Chicago, is identifying, mentoring and funding entrepreneurs of color who