SDI provides a forgivable loan to qualified emerging women developers for business operating expenses and predevelopment activities for approved projects.
Each loan will be up to $100,000 and be forgivable upon certain circumstances. Loans are repayable upon closing of permanent financing.
Each participant will receive extensive technical assistance, direct services and pro-bono services designed to prepare the developer to secure permanent project financing sources. WSDI will connect the participants to an international network of venture capital and angel investors, family offices and other potential investors that are predominantly led by women.
WSDI provides up to six (6) loans per year through a competitive application process.
WSDI is in the process of launching a private fund for projects sponsored by women real estate developers located in Michigan low-income census tracts, Community Reinvestment Act (CRA) areas, or federally designated opportunity zones. Priority will be given to women developers that are Black, Indigenous, or Persons of Color (BIPOC). Funds will be used for post-predevelopment activities including acquisition, construction and operating expenses.
WSDI will offer monthly educational programs virtually and in person that will be recorded and downloadable for purchase. Topics will be highly focused on emerging women developers and the issues they face. Curriculum for each topic will be rooted in ESG principles. Courses will be offered every other month.