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LONG BEACH, Calif., Dec. 14, 2020 /PRNewswire-PRWeb/ Today Linc Housing, a nonprofit builder and manager of affordable and supportive housing throughout California, announced that Anne Wilson has joined the executive team as chief real estate development officer. In this newly established position, Wilson will bring her expertise and relationships in the affordable housing industry to support Linc s expanding pipeline throughout the state of California. Linc has grown considerably over the past few years, and we want a highly experienced executive to help lead us to the next level, said Rebecca Clark, Linc Housing president and CEO. Anne is well known as one of our industry s brightest, most transformative leaders with her 30-year track record of success in multifamily affordable housing real estate development, policy, finance, and business planning. Her addition makes Linc s future brighter than ever.
Streaming behemoth Netflix is giving $25 million to a
national effort to combat systemic racism in housing.
Enterprise Community Partners, the non-profit founded by
developer James Wilson Rouse in the 80s to build and finance affordable homes,
announced Netflix has committed the cash to its Equitable Path Forward program.
The five-year, $3.5 billion nationwide initiative aims to
help dismantle the legacy of racism in housing – from the types of homes that
are built, where they’re built, who builds them, and the wealth that is
generated from them.
The initiative establishes an equitable path forward for Black, Indigenous, and People of Color (BIPOC) and other historically marginalized housing providers by: filling the gaping capital gap from decades of systemic racism; strengthening providers through advisory services and other support; and creating new career pathways to diversify leadership in real estate.
A group of private developers will repair more than 1,700 public housing units in New York after securing a $271 million loan, according to a report in Real Estate Weekly. The New York City Housing Authority struck the deal with PACT Renaissance Collaborative, a joint venture between Monadnock Development, Community Preservation Corporation, Community Development Trust, Kalel Holdings, Lemor Development Group, and Community League of the Heights (CLOTH), according to the report. As part of the deal, NYCHA will lease 16 of its properties to the joint venture, which will be responsible for fixing and operating the units. NYCHA will maintain ownership of the properties and administer rent subsidies through the Section 8 voucher program, and will also “monitor conditions at the developments, preserve resident protections and guarantee permanent affordability,” according to the report.
She hired her first employees a week before the pandemic arrived. How has business fared since then?
Destini Gilliam s story is indicative of a much bigger narrative that has impacted Black businesses, specifically those owned by Black women.
Destini Gilliam, founder of Creative Reading Coach LLC, received a $10,000 small-business grant through the City of Charlotte s Access to Capital program to assist business owners impacted by the coronavirus pandemic. Photo: QCity Metro
Destini Gilliam had big goals for her small business in 2020.
After launching Creative Reading Coach LLC, in the spring of 2018, and operating as a solopreneur for the first year and a half, she declared 2020 as the year she’d finally hire some help, so that she could focus more on growing the business.
Aflac Incorporated Announces $25 Million Commitment to Invest in LISC s Black Economic Development Fund
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COLUMBUS, Ga., Dec. 10, 2020 /PRNewswire/ Aflac Incorporated (NYSE: AFL) announced today its $25 million commitment to invest in the Black Economic Development Fund introduced by the Local Initiatives Support Corporation (LISC).
The Black Economic Development Fund (the Fund ) is a mission-oriented investment fund with the primary objective of supporting Black-led financial institutions, anchor institutions and business transactions to strengthen the Black community in rural and urban communities. The ultimate goal is to help close the racial wealth gap. The Fund expects to begin initial deployment of capital in the first quarter of 2021, taking an industry-agnostic approach across a diverse set of borrowers and geographies with a variety of products and investment durations.