The Aequo Fund, an initiative supported by SAA | EVI, is focused on providing opportunities and financial support to people who are traditionally underrepresented in real estate development.
The Mission of Aequo is to create a community development initiative that will result in positive race and wealth equity outcomes from increased neighborhood stabilization, minority homeownership, and job creation
By providing capital to developers who may have trouble accessing traditional financing
By expanding developer and small business owner capacity through access to resources and targeted support
By creating networks of resources and knowledge for developers, business owners, and individuals
By complementing local community growth, workforce development, and financial education programs
By increasing affordable homeownership opportunities and financial education in under-financed communities
By fostering apprenticeship opportunities outside and within the developer community
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The Aequo Fund will invest $5 million into real estate development projects led by Black, Brown, Women, and Immigrant developers, concentrated within five US cities: Baltimore, Buffalo, Philadelphia, Portland, and Richmond. In addition to a focus on increasing diversity in the development space, The Aequo fund is specifically interested in projects that create affordable housing inventory, foster stronger community ties, and leverage partnerships with community organizations.
In addition to the capital allocated by the fund, The Aequo Fund is working towards
The Aequo Foundation recognizes that in order to increase representation in development, more minority and women developers need to be able to pursue higher education in Real Estate Development. The Aequo Foundation offers $1,500 micro-grants to cover course materials or technology costs associated with school.
Eligible applicants should be...
When selecting developers for investment, the Aequo foundation looks for developers who may have a hard time accessing traditional financing, are working on projects that strengthen their local communities, and that foster job creation in the surrounding area