LISC NY Developers Training Program
The goal of the LISC NY Developers Training Program is to help developers expand their capacity and project access, while becoming more competitive as the state's affordable housing project pipeline grows and more market opportunities arise. The program will help developers enhance their networks, gain access to capital and build their capacity to expand their existing portfolio of business and contracts. This will support more inclusive and equitable wealth generation. Through a cohort-based curriculum, firms will be provided technical assistance, coaching, and access to resources that will equip to reduce barriers of market entry and expansion.
Accepted firms may send an additional senior level manager to the training, however full participation of the firm’s owner is required.
The program is a component of LISC NY’s initiative to build out an ecosystem of development firms, community development corporations, Community Development Financial Institutions, government agencies, real estate trade associations, and other stakeholders that supports knowledge exchange and networking to facilitate business opportunity development.
Partners
- Red to Green Consulting
Funders
- Capital One
- Deutsche Bank
- Goldman Sachs
- JPMorgan Chase
- Mizuho Americas
- The PNC Foundation
- State Farm
- Sterling National Bank Charitable Foundation
- Trinity Church Wall Street Philanthropies
- Wells Fargo
- Valley National Bank
Stories
- Firms located in the greater New York City region (in one of the 5 boroughs of NYC; Long Island; Westchester County or Northern NJ) and who do a majority of their business in NYC;
- At least three (3) years of experience as a real estate developer.
- Experience developing or constructing housing/commercial spaces (projects greater than 50 units of housing or 15,000 square feet commercial space is preferred).
- Fewer than 50 employees.
- At least one active real estate project in your pipeline within the past five years; for example, an affordable housing project for which the firm was selected as developer by a government agency such as NYC Department of Housing Preservation and Development (HPD), NYC Economic Development Corporation (EDC) or NYS Homes and Community Renewal (HCR).
- Firm certification as a Minority Business Enterprise (MBE)or Minority and Women Owned Business Enterprise (MWBE) by New York City or New York State is preferred but not required.
- We welcome applications from firms owners and senior partners with disadvantaged backgrounds who have been systematically excluded from participating in the real estate industry.
Program Elements
- Virtual instruction modules with in-person sessions in-between
- Coaching by experienced real estate developers
- Real-time assistance with deals in the project pipeline
- Real-time support developing agency and industry relationships
- Access to equity capital through participation in an investor pitch competition at program conclusion
Timeline
- June 5, 2024 | Applications Go Live!
- June 14, 2024 | Virtual Informational Session
- June 18, 2024 | Applications Due!
- June 25, 2024 | Participants Selected
On June 14, 2024, LISC NY held an informational session on Cohort 6 of LISC NY’s Developers Training Program and how to apply.
Applications from interested developer firms were due on Tuesday, June 18, 2024, at 5:00 p.m. ET. For more information on participating in the LISC NY Developers Training Program, send questions, comments, and concerns to nycdevelopers@lisc.org.
