Ep. 88 - A New Way Forward: Community Real Estate Development as a Pathway to Affordable Housing

On this episode, Amber and Erika are joined by Maggie Parker, the founder and CEO of Innovan Neighborhoods to discuss a new, more equitable way of creating affordable housing: through community development. Maggie walks us through the process, which includes putting the voices of community members at the forefront of the development conversation, empowering marginalized developers committed to equity, and using the right funding partner. We also discuss the historical and present systemic barriers that have made access to housing difficult of Black people. Maggie highlights how equitable development often takes much longer than the traditional process and introduces the importance of using "patient capital," which are funding partners willing to allow more time before expecting a return on investment. Tune in to learn more!