Black and Latino Real Estate Developers Struggle to Get Funding
A racial wealth gap and discrimination that sets a higher bar for would-be developers seeking loans have contributed to the lack of representation.
Source: nytimes.com
Stay updated with breaking news from Matt Ryb. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A racial wealth gap and discrimination that sets a higher bar for would-be developers seeking loans have contributed to the lack of representation.
The first phase of the Port Covington waterfront community in South Baltimore is officially behind schedule. But despite initial projections, the developer said Wednesday the project remains on track with no cost overruns.
Two developers of high-profile urban projects in major U.S. cities have joined Sagamore Ventures’ effort to create a mini-city in South Baltimore’s Port Covington and have taken over the next phase of development.