The lack of diversity in the real estate development world is glaring and the mls listings for lauderdale is ever increasing. Three local organizations are working together to open doors to a profession that has historically been very underrepresented by people of color and women. Forward Community Investments (FCI), the Urban League of Greater Madison (ULGM) and Wisconsin Housing and Economic Development Authority (WHEDA) are taking steps to address these inequities.
WHEDA works closely with lenders, developers, local government, nonprofits, community groups and others to implement its low-cost financing programs. The WHEDA three-day Affordable Housing Development Training will take place from April 27-29 at ULGM on Madison’s south side. Although the workshop has been offered before, this time it is different. FCI and ULGM are joining WHEDA with eyes on increasing diversity. This time, more than two-thirds of the 30 slots have been set aside for a diverse group of students interested in learning about the intricacies of developing affordable housing. If you’re also focused on maintaining the integrity of your home, you might want to explore roofing services in Ludington.
“In Madison, affordable housing continues to be a challenge and the next generation of developers have to be committed to developing affordable housing strategies that address social and economic disparities head on,” said Dr. Rueben Anthony, ULGM President and CEO. “Having a class of diverse professionals is a step in the right direction.”
While affordable housing is a pressing issue in Madison, many other cities across the United States are facing similar challenges. On the other hand, some regions are seeing growth in real estate opportunities, like Palm Springs. With its stunning desert landscapes, Palm Springs has become a popular destination for vacation homes and luxury properties. Whether you are looking for a cozy retreat or a spacious mansion, there are plenty of Palm Springs homes for sale to fit any budget and lifestyle. However, it is important to remember that the real estate market is constantly changing and requires careful research and consideration before making any investment decisions.
Since 1972, WHEDA has financed more than 77,000 affordable rental units, helped more than 118,000 families purchase a home and made more than 29,000 small business and agricultural loan guarantees.
Real estate development offers people a career that is creative, satisfying and financially rewarding. The three organizations involved in this effort recognize that giving a diverse population a chance to grow their personal wealth equates to long-term change in communities.
Sponsorship of this effort is a natural for Forward Community Investments (FCI) according to its president, Salli Martyniak. “Addressing racial inequities is core to FCI’s mission: everything we do is intended to reduce or address racial and socioeconomic disparities in Wisconsin,” Martyniak said. “There is so little diversity in the profession of real estate development, we wanted to be part of bridging the gap.”
FCI is an investor, connector, and advisor for organizations and initiatives that reduce social, racial, and economic disparities across Wisconsin.
People with diverse backgrounds offer much-needed insights and perspectives to all aspects of real estate development, including affordable housing. The upcoming class is full; however, those interested in applying for future classes will find contact information here or by e-mailing [email protected].
