Capital Impact Partners is excited to announce that the application is now open for the Atlanta Equitable Development Initiative (EDI) Learning Series through Wednesday, July 10, 2024. We plan to accept up to 15 participants. EDI is structured as a platform to train, and boost capacity and the confidence of emerging developers of color to deliver real estate development projects in their own communities. The program focuses on the current real estate development environment in the Atlanta metropolitan region and provides opportunities for developers through a ten-month learning series.

Key Documents

Key Dates

  • Application is open Monday, June 10, 2024, through Wednesday, July 10, 2024, at 11:59 pm EST. No late applications will be accepted.
  • Interviews for semi-finalists will be held July 15 - July 31, 2024.
  • Notification of acceptance will be expected by August 9, 2024.
  • The tentative training schedule will be onboarding in late August 2024 with learning sessions held on Tuesday afternoons between 1:00 - 5:00 p.m. EST beginning August 27, 2024 through the end of May 2025. Training dates are subject to change.
  • Training is planned to be in-person for a majority of the learning series, incorporating up to three (3) events/network-building opportunities.

Eligibility Successful candidates for the program will be selected based on the following criteria:

  • Demonstrate experience as a small-scale developer (either for-profit or nonprofit organizations) who is seeking to further their experience developing affordable housing and/or growing their portfolio. As this is not an introductory program, candidates are expected to have some direct real estate development experience.
  • Live in the City of Atlanta or the counties of Clayton, Cobb, DeKalb, Douglas, Fulton, or Gwinnett AND have a strong connection to the City of Atlanta.
  • Demonstrate a commitment to community development and neighborhood reinvestment in the City of Atlanta through work on tangible real estate development project(s).
  • Commit to attend mostly in-person training on Tuesday afternoons (between 1:00 - 5:00 p.m. EST) starting August 27, 2004 through May 2025 for up to five hours per week.
  • Commit to additional hours (2-4) weekly for assignments, advisor meetings, etc.
  • Demonstrate interest in responding to Requests for Proposals (RFPs) for real estate development opportunities, with or without a development partner, within four to six months of completion of the program.

The program aims to focus on housing / commercial development firms that are owned by women, people of color, and/or are in communities who have been historically underserved in Atlanta.

Program Background

Headquartered in the Washington, D.C. metro area, Capital Impact Partners has been supporting communities for over 40 years through capital investments, programs, policy work, and partnerships. As a community development financial institution that invests in community, multifamily, and mixed-use development nationally, we are seeking to connect our goals of neighborhood revitalization and community wealth-building; this program is one way of making that connection. To learn more about Capital Impact Partners and our programs visit https://www.capitalimpact.org/programs/.

Contact Information Please reach out to Tommy Lester (tlester@capitalimpact.org), Atlanta Initiatives Manager, with questions about the program and application process. Support@submittable.com can help with application software issues.


 

Capital Impact Partners