Recent updates and articles from NYREC's member organizations.
HPD Issues Second Request for Proposals for Minority- and Women-Owned Business Enterprise Developers to Create Affordable Housing in Prospect Heights, Brooklyn
This RFP is the second issued exclusively for M/WBE developers through HPD’s Building Opportunity Initiative as part of the de Blasio Administration’s goal to create opportunities and address disparities for minority- and women-owned developers.
To Help Black Developers, Programs Start With Access to Capital
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These Two Black Owned Real Estate Firms Have Closed over $60M in Deals Together
On December 12th, 2020 National Standard Abstract provided title insurance for a $32 Million deal involving CB Emmanuel Realty. This transaction involved the preservation of Calvary Baptist Senior Housing in Jamaica Queens NY.
Genesis Companies Receives Equity Investment from TruFund's Impact Developers Fund to Expand Capacity
The Genesis investment is the second investment by the Impact Developers Fund ("IDF"), launched in July 2020 by Morgan Stanley, TruFund Financial Services, Inc. and the Ford Foundation. IDF was established to provide equity capital and technical support to emerging real estate developers, especially businesses led by women and people of color.