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ULMT R.E.D.

Urban League of Middle Tennessee Real Estate Developers Academy

The Urban League of Middle Tennessee is excited to announce that the application is now open for the first group of participants of the Real Estate Developers (R.E.D.) Academy.
 

We are accepting applications for —the R.E.D. Academy which provides training and one-on-one support to real estate developers of color in Nashville/Davidson County. For this program, a real estate developer is an individual who controls the real estate development process from start to finish. Real Estate development includes identifying property and creating a project vision, planning, designing, and financing that project, managing the project once it is fully operational, and pulling together a team of individuals to support the effort.

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KEY DATES

  • Application opens December 8, 2021 - January 17, 2022, 11:59 P.M., CST

  • Interviews will begin in January 2022.

  • Notification of acceptance will be in January 2022.

  • The program will begin in February 2022 /August 2023. Times are T.B.D.

  • The tentative program schedule begins twice a week (Two, three-hour sessions). 

  • Dates are subject to change, and the program is expected to be both in-person and virtual.

ELIGIBILITY

  •  Identify as a person of color.

  • Participants must be a resident of Middle Tennessee, living in the ULMT service area; Davidson, Sumner, Montgomery, Rutherford, Wilson, Williamson, Cheatham, Dickson, and Robertson counties.

  • Show proof of business license in Davidson County and be a business entity or organization registered as doing business in Nashville. Business must be in good standing with Metro Nashville and the state of TN.

  • Have a portfolio of completed or in-flight residential projects and currently working or have worked on residential development projects in Nashville.

  • Demonstrate developer activities focused on the Nashville region and show a commitment to affordable and
    workforce housing and community development. As this is not an introductory program, candidates are expected to have some real estate development experience.

  • Have a development pipeline with at least one project (preference for those under site control).

  • Be able to commit to additional weekly hours for assignments, team meetings, etc.

  • Participants must be interested in responding to request for proposals for real estate development opportunities in Nashville, Davidson County with or without a development partner in the next 1-2 years.

  • Note: project financing is not guaranteed by participating in the R.E.D. Academy program; all investment requests are independently screened and underwritten.

PROGRAM BACKGROUND

The Urban League has supported communities for over 53 years through economic development programs, policy work, and community partnerships. While headquartered in Nashville, TN, our service area allowed us to support nine counties in Middle Tennessee for the past 53 years.   As a community development institution that invests in the community, multifamily, and mixed-use development in the Nashville area, we seek to connect our goals of neighborhood revitalization and community wealth-building; this program is one way of making that connection.

 

We believe that communities of color have a right to benefit from and participate in Nashville’s growing prosperity while preserving community history and culture. To that end, the Urban League believes that ethnic and racial minority real estate developers need to participate in and benefit from the multifamily real estate development industry in the Nashville/Davidson County area. 

R.E.D. Academy Application

Is the current address the same as in your last tax filing?
Have you formed a business?
Gender
Do you identify as a PERSON OF COLOR?
Age
How did you learn about the ULMT's Real Estate Developers Academy?
The program will include weekly virtual and in-person trainings. I can attend and participate in 85% of these sessions:
The program will also require additional time for assignments, team meetings, etc. I am able to commit to additional time for tasks outside of the training sessions.
Upload File
Have you taken any U.L.I. Real Estate Courses (define) courses?
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Which of the following real estate development activities have you engaged in? (select all that apply)
Are you currently working with a partner who will be applying to this program?
What are some of the biggest pain points you experience as a real estate developer? (Select all that apply)
Do you currently have a project?

REFERENCES

Please provide three (3) professional references (Name, contact information, and professional relevance) who can speak to your real estate development experience and ambitions. None of these references can be from family members.

Thank you, for your interest in the R.E.D. Academy. Once submitted, your form will be reviewed in the order it was received.

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