Amazon on Wednesday announced it committed more than 21 million U.S. dollars to pilot a professional training, mentorship, and capital funding program to help promote real estate developers of color.
This two-year, part-time professional development program, which is free for participants, aims to teach real estate developers of color how to advance their careers. It also aims to lower the barriers these developers can face when bidding for affordable housing developments, the announcement said.
The goal of the program is to increase the number of professional real estate developers of color who are focused on affordable housing and inclusive community building, according to the announcement.
This initiative is part of the 2 billion U.S. dollars Amazon Housing Equity Fund, a commitment to create and preserve 20,000 affordable homes for individuals and families earning moderate to low incomes.