In the News
Photo courtesy of Bruce Mars
“We don’t have the resources of different wards, that’s why they say on the other side of the river [we’re] like the forgotten people, but we’re not. We are some people, we are somebody. We can be just as productive in society if we’re given the same resources, that’s why we’re out here and we’re fighting.”
Photo courtesy of dcist, Dee Dwyer
Equity in Action
A Response to Ensure Access to Capital for Developers of Color

HAND and Greystone recently launched Equity in Action! This initiative honors our commitment to center racial equity, allows us to model for our members what it means to start unraveling racial inequities, and creates equitable solutions aimed at BIPOC real estate developers who are met with the obstacle of accessing the capital needed to execute their plans to
revitalize communities.

Equity in Action offers a debt and equity platform designed to increase opportunity for black and brown real estate developers who seek to create communities where all can thrive. Join us in shaping the next chapter of housing development in our region. 

ALL institutional HAND Members are eligible to participate. Developers of color are strongly encouraged to apply.
Deadline: October 31, 2021

Heirs' property occurs when a property owner dies intestate or with a will that leaves property to multiple beneficiaries, resulting in a fractured or entangled title. Left unresolved, this becomes a barrier to the ability to sell, collateralize, improve, or otherwise transfer the property. Because heirs’ property is disproportionately found in racial and ethnic minority, low-wealth, rural, and distressed urban communities, it is a critical barrier to minority homeownership and the creation of generational wealth and racial equity. As a significant contributor to blight and unrealized equity in poor neighborhoods throughout the country, the scale and pervasiveness of this challenge is shocking. For example, in the state of Georgia, $34 billion worth of tax appraised property is probable heirs’ property according to a 2017 USDA study. In 1980, the Emergency Land Fund estimated that 41 percent (3.8 million acres) of all Black-owned land in the Black Belt region was heirs’ property.

On December 2, 2021 in Atlanta, GA, the Funders’ Forum will seek to bring together potential funders with dozens of nonprofit and other organizations from 22 states and the District of Columbia. The intended outcome of this forum is to establish a capital, human, and organizational support basis for heirs’ property resolution and prevention pilot initiatives in the following areas: education and awareness; pro-bono legal services; academic research; local government innovation; and developer/contractor driven aordable housing initiatives. Potential funders, including philanthropic and other grant and resource providers, law firms, financial institutions, and builder and realtor trade groups, will have the opportunity to hear from nonprofits and other organizations as they pitch scaled pilot solutions to this group in an in-person and virtual environment. The forum has been designed to allow funders and organizations with initiatives in their market to connect and determine their mutual interest in funding a proposed solution. 
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Looking for more resources on all things racial equity?
Stop by our website for a compilation of helpful materials!