Black and Latino Real Estate Developers Struggle to Get Funding
Written by Black Hot Fire Network on March 31, 2023
A certified public accountant, Mr. Baker became a developer after seeing the power of real estate in his high-net-worth clients’ portfolios. With experience completing more than 30 affordable housing developments, including the Allen Young Apartments, a 107-unit project in Plainfield, N.J., and current work developing one of the first Passive Houses in the state, Mr. Baker has seen how developers of color get stuck.
To get funding for a project from a lending institution, not only does a developer need to to bring at least . . .
