How would the world be different if there were equitable access to capital? If developers of color could gain access to sufficient capital to serve their communities? What types of homes would get built, where would they be built, who would build them, and what wealth would they generate?
Historically, systemic racism across industries has led to:
- Residential segregation
- Homeownership rates almost twice as high for white than black Americans
- A widening wealth gap where the median net worth of a white household is nearly eight times that of a black household
- Only 2% of development companies are black led
- Minority-led real estate firms control only 1.5% of real estate assets that are under management*
It’s impossible to grow operations or real estate portfolios when equity and debt are out of reach. This virtual event addresses the complex issue of equitable access to capital and provides solutions from innovative movers-and-shakers in the field.
*The statistics cited and the event graphic are courtesy Enterprise Community Partners.
- 3:15-3:20pm: ULI Colorado welcome
- 3:20-3:40pm: Keynote Address by Dana Peterson, author of the Citi report, “Closing the Racial Inequality Gaps”
- 3:40-4:30pm: Panel featuring –
- Jennie Rogers, Enterprise’s Equitable Path Forward Growth Fund
- James Johnson, Community Investment Trust for Solid Rock Community Development Corporation
- Solomon Muwanga, MidWestOne Bank
- Justin Gilmore, Gilmore Construction Corporation
- 4:30-5pm: Q&A with the audience moderated by Mark Marshall, Rocky Mountain Communities
- “Closing the Racial Inequality Gaps” by CitiGPS
- Enterprise Community Partners’ Equitable Path Forward Growth Fund
- Community Investment Trust from Solid Rock Community Development Corporation
- Community Wealth Building
- “A Missing Piece in Community Wealth Building: The Community Investment Trust – Financial Ownership and Real Equity“
- Case Study: The Community Investment Trust