“There’s a significant underserved and underrepresented population of BIPOC developers who are poised for growth, and just need the opportunity and access to the right resources. If ACCESS can be that hand-up, or that connection to capital and knowledge that is going to help take their business to the next level – that is the measure of success for us.” – Lawrence Hammond, Senior Vice President, Director of ACCESS.
To help directly address these inequities, CPC established ACCESS – Acquiring Capital and Capacity for Economic Stability and Sustainability.
ACCESS is a multi-million dollar initiative created by CPC that provides financial resources, capacity building opportunities, and technical assistance to entrepreneurs of color who have historically faced barriers to entry in the real estate development market, with the goal of promoting and enabling greater racial diversity, equity, and inclusion in the industry.
Tailored capital support may include:
- Lines of credit and guaranties
- Subordinate and pre-development loans
- Equity investments
- Permanent loans and recoverable grants
- Construction and acquisition loans
Our Commitment in Action
Hear from CPC leaders and customers about our work to close the racial wealth gap, empower emerging BIPOC developers, and increase diversity in the real estate development industry.
ACCESS offers education and training opportunities through roundtable discussions, panels, and informational presentations on a host of topics. Learn about the ACCESS Incubator, a free entry-level real estate development training program for BIPOC entrepreneurs who are just starting to build their business in multifamily development.
ACCESS also seeks to create and foster relationships with government partners and other private and nonprofit organizations to leverage shared resources.
CPC-TruFund BIPOC Developers Equity Fund
Learn more about the joint venture between CPC and TruFund Financial Services which is providing affordable capital to support New York State-based emerging BIPOC developers to build their capacity and grow their business infrastructure.
NYS Legacy City ACCESS program
Learn more about the CPC ACCESS partnership with New York State’s Legacy Cities program which transfers portfolios of blighted of city-owned one- to four-family properties to local developers with a preference for Minority and Women-owned Business Enterprises (M/WBEs). Following rehabilitation, sales will prioritize purchasers of color and low-income households, helping to tackle the issue of generational wealth building through homeownership.
Roadblocks and Recommendations for BIPOC Developer Activity in NYPolicy
Financing Multifamily Rehabilitation in New York CityPolicy
Advancing Racial Equity Through State QAP StructuresPolicy
421A/Affordable New YorkMultifamily Finance
Finding Opportunity in a High Interest Rate EnvironmentSustainability
Climate Friendly Homes Fund Info Session
Connect with the ACCESS team.
Get in touch with one of our experts to begin a conversation about your project.