Capital Impact Partners Launches $20 million Diversity in Development Loan Fund and Grant Program in Washington, D C to Support Real Estate Developers of Color prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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ARLINGTON, Va., May 6, 2021 /PRNewswire/ Washington, D.C. Mayor Muriel Bowser awarded Capital Impact Partners $1 million to manage the newly announced Nourish D.C. Fund. This fund, part of the $5.2 million D.C. Local Equity, Access, and Preservation Funds (D.C. LEAF) program, aims to support a robust ecosystem of locally owned food businesses in District neighborhoods by investing in BIPOC-owned businesses that otherwise struggle to access capital and also promotes health equity in the city. We invest in local businesses because they are the backbone of our economy, they are trusted and valued community partners, and they represent the dreams and aspirations of our residents, said Mayor Bowser. We are proud to support entrepreneurs that step up to help us build a more inclusive and diverse economy, and these LEAF grants represent a $5 million investment in our D.C. values.
How to Bring Manufacturing Back to Cities — and Bring People of Color Along Too nextcity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nextcity.org Daily Mail and Mail on Sunday newspapers.
In the ensuing five years, a growing collective of artists and community members came on to invest funding, sweat equity or both in a vacant historic theater. This December, the collective now a total of 33 community partners received city funding to buy the building outright. By the end of 2021, they hope, Black and Tan Hall will open as the community hub they originally envisioned.
“We’ve put a lot of sweat and dreaming into the 5608 property,” says Black and Tan partner Joe Seamons, referring to the venue’s address at 5608 Rainier Avenue South. “I’m excited about walking into our building and there’s a whole slew of programs an after school program, followed by a dinner theater event with food cooked by local chefs, and after that there’s a proper dance, and then there’s a late-night hour,” he adds. “All those things we can make happen in a single night.”