CPC ACCESS Developer Incubator

The free, virtual training series offered by CPC ACCESS features instruction by Let’s Brainstorm, LLC and consists of eight, approximately 90-minute sessions held virtually.  Each session consists of class material presented by an expert in the field, as well as interactive components and time for questions on the material and/or individuals’ own real estate projects. Cohort 3 begins in March 2023 and is now open for applications.

Training Modules Will Include:

  • “So you wanna be a developer” Primer on Construction Lending and Borrowing
  • Preparing for a Construction Loan/Credit Committee: Qualifying for a Construction Loan
  • Sustainable Development
  • Pre-Closing a Construction Loan
  • Closing a Construction Loan Part 1
  • Closing a Construction Loan Part 2
  • Construction Phase to Permanent Loan Conversion
  • All Module Wrap-Up

 

Development Team Assistance Offered by CPC

CPC ACCESS will support BIPOC developers with project development, including: scope of work, plan review, cost analysis, sources and uses analysis, credit analysis and construction.

Eligibility

The ACCESS Developer Incubator seeks applicants who:

  • Identify as BIPOC (Black, Indigenous, People of Color)
  • Seek to expand skills and experience in multifamily real estate development
  • Have less than three years’ experience in housing, ownership, development and/or management and have produced less than 20 units or two buildings
  • Have operated in New York for at least six months with sufficient cash liquidity
  • Own or plan to acquire a viable multifamily property or project in New York for construction, rehabilitation, or renovation in the next 6 to 12 months
  • Can commit to actively participating in each virtual session (CPC will allow two absences)
  • Will consistently respond to emails and surveys throughout the training series

 

Application Timeline

  • The online application period is now open through Friday, February 10, 2023.
  • Applicants will be notified of their application status by the end of February 2023
  • Trainings will begin March 2, 2023.

 

APPLY NOW

 

Trainee Testimonial

Hear a firsthand perspective on the benefits of the training series from Derrick Hostler, a graduate of the first ACCESS Incubator training cohort.

More About the ACCESS Incubator

Congratulations to the first two cohorts of graduates to complete the ACCESS Incubator and Accelerator real estate development trainings, which occurred in the spring of 2022 and fall/winter of 2023. These entrepreneurs are focused on real estate projects in communities across New York.

 

WATCH VIDEO RECAP: Cohort 1 Graduation Celebration