News:
Brokerage
Posted: November 22, 2022
Open Access community development internship program seeks candidates for 2023
Open Access, a diversity, equity, and inclusion initiative launched in 2020 to increase diverse representation in the community development finance (CDF) industry, is seeking candidates for its annual fellowship program that will run in early spring of 2023.
Open Access, a 12-week remote program, offers its fellows paid internships with CDF firms which includes online training provided by Novogradac, and networking with industry leaders through webinars and virtual conference attendance. Upon program completion, fellows are prepared for community development careers in accounting, legal, finance, consultancy, development, underwriting and other related areas. The program will attract and cultivate its third cohort of economic development talent—professionals seeking to become agents of change, restoration and empowerment in communities of color. Applications are open now. Candidates must apply by 11:59 EST on Monday, December 5, 2022.
Open Access Fellowship was co-founded by Jeff Monge, president of Monge Capital, and Gina Nisbeth, CEO, formerly with Citibank, now president of 9th & Clinton, in recognition of an intrinsic disparity. Though the CDF industry is dedicated to improving under-resourced and underrepresented communities including many Black and Latinx areas, the industry is grossly underrepresented by BIPOC professionals on all levels.
“We must change the balance without delay,” said Rashidah Billups, the newly appointed executive director of Open Access and owner of Billups Financial. “The current status quo is depriving the CDF industry of the cultural affinities needed to best understand and relate to the populations it serves. In addition, talented diverse professionals employed in finance and commercial real estate (CRE) remain unaware of the career potential of CDF and how they can greatly enrich the industry by adding their knowledge and perspectives.”
Applicants must have a four-year degree from an accredited institution and be able to commit to 160 hours over 12 weeks from Monday, February 27, 2023, through Friday, May 26, 2023. Accepted candidates will be announced in January 2023. Sponsors include Novogradac, US Bancorp, PNC, Chase, Dudley Ventures, Merchants Capital, TELACU, Advantage Capital, Monge Capital, Greenline Ventures, Hunt Capital Partners, BakerTilly, Cherry Bekaert, and New Markets Support Company.
See https://open-access.us/ to apply.
Tags:
Brokerage
MORE FROM Brokerage
REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium
Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced