January 16, 2024
Historically, women have faced barriers to success in the commercial real estate development industry. Cinnaire, in collaboration with the Women’s Sustainable Development Initiative (WSDI), is addressing those barriers with the launch of the Women Empowered to Build (WE Build) Program in Detroit. This pioneering initiative is a yearlong free training and mentoring program kicking off this week aimed at fostering diversity and inclusivity in the field of real estate development in Michigan. Cinnaire and WSDI joined forces to accelerate the fundability, stability and growth of women-led businesses and women-led nonprofits in real estate development.
WSDI’s president Karen Burton said, “This collaborative initiative reflects our shared commitment to fostering diversity, inclusivity, and belonging within the commercial real estate sector. By combining WSDI’s dedication to advancing women in development with Cinnaire’s expertise in equitable community development, we are excited to provide a comprehensive curriculum that equips women with the skills and knowledge to excel at developing property. Together, we aim to create an accelerated learning experience that not only empowers women in the field but also contributes to the growth and sustainability of vibrant communities in Michigan.”
The 10 women selected have active projects that represent diverse areas across Michigan including Detroit, Ann Arbor, Mackinac City, Inkster, Pontiac, Muskegon Heights. These projects are expected to serve as economic catalysts to the surrounding areas and bring much needed affordable housing units to these markets.
Additionally, Cinnaire Community Connection will play a pivotal role in funding the projects through Recoverable Grants, allowing the developers to leverage flexible funding for their pre-development work.
The next WE Build cohort will be held in 2026.
For more information, please visit www.cinnaire.com and www.womendevelop.org.