Op-ed: Limits on capital hinder minority involvement in real estate development

Real estate development has long been a driver of opportunity in the city, and it doesn’t seem as though that will change anytime soon. When done right, development has created careers for working-class New Yorkers in the form of construction and building service jobs.

The industry has created affordable housing opportunities in communities where it’s needed most, from Harlem to Bedford-Stuyvesant. Real estate has brought an influx of capital, new businesses, arts, culture and vibrancy to countless neighborhoods. The list goes on and on.

For too long, however, minority-owned firms trying to break into the industry have been boxed out. Structural barriers have prevented minority entrepreneurs from accessing

→ Continue reading at Crain's New York Business

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