Welcome!
Applications for LISC NY's Sixth (6) Developers Training Program Cohort are now live!
The goal of LISC NY's 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 focuses on aiding developers to enhance their networks, gain access to capital, and build their capacity to increase their existing business portfolio 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 participants in helping reduce barriers of market entry and expansion. If you'd like to learn more about the Developers Training Program, please visit us here.
Cohort Six Eligibility Requirements:
- 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 but required);
- Fewer than 50 employees;
- At least one active real estate project in
the pipeline within the past five years; for example, an affordable housing
project for which the firm was selected as developer or co-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 firm owners and senior partners with disadvantaged backgrounds who have been systematically excluded from participating in the real estate industry.
There will be a Cohort Six Application Informational Session at
11 AM on Friday, June 14, 2024. Please register to join us with all of your questions
here.
Applications for LISC NY's Developers Training Program will close at 5PM on Tuesday, June 18, 2024.