Equitable Business Development
MassHousing's Equitable Business Development Division was created to advance and foster equitable business growth across the Agency.
- Leverage the affordable housing ecosystem to create wealth-building and upward mobility for Black, Indigenous and People of Color (BIPOC) in Massachusetts.
- Increase BIPOC homeowners and multifamily projects/portfolio balances to minority owned or senior principal borrowers by promoting lending products and subsidy programs that significantly impact socially disadvantaged communities.
- Provide advancement opportunities for diverse businesses and BIPOC workforce with a primary focus on MBEs in Goods & Services; Construction/Property Management; and Talent & Workforce-Recruitment, Retention and Growth.
Emerging Developer Listening Tour
MassHousing recently concluded a statewide Emerging Developer Listening Tour to identify opportunities, disparities and solutions to increase Black, Indigenous and People of Color (BIPOC) developer participation in the affordable housing ecosystem. The Tour sought to build and engage a network of diverse real estate professionals across the Commonwealth and apply an equity-minded lens to the production and preservation of housing.
Our working definition of an Emerging Developer is a real estate professional
- With a minimum of 3-5 years' experience
- Who has completed or is in the process of completing up to 20 units of housing
- Who has participated in or is a participating member of a joint venture partnership, and/or
- Who has a professional background in construction management, project management, property management and commercial lending.
The listening sessions were hosted in five regional centers across Massachusetts--Boston, Worcester, Springfield, Lawrence and New Bedford--in collaboration with MassHousing the Mel King Institute and the Builders of Color of Coalition.
Questions? Please contact us at email@example.com.