top of page



Standing at the intersection of real estate ownership and business ownership, the real estate development industry has the potential to be a powerful engine for Black and Hispanic Americans to build wealth


This commissioned report, created by the Initiative for a Competitive Inner City (ICIC) with Grove Impact as part of its Obsidian Ecosystem Initiative (OEI), presents the findings of first-of-its kind research on Black and Hispanic real estate developers.

The report sheds light on the current state of Black and Hispanic real estate developers by identifying a representation crisis among real estate developers, a revenue gap for mid-sized Black developers, and revenue cliffs facing large Black and Hispanic developers. This report estimates the potential impact of removing the constraints on Black and Hispanic developers and recommends steps that real estate developers and their organizations, investors, public policymakers, and foundations could take to increase diversity in the real estate development industry.

Join Us in Building a National Directory of Black and Hispanic Real Estate Developers

Investors, lenders, grant makers, journalists, real estate developers, and others who want to do business with or support Black and Hispanic real estate developers need a resource to help them find those developers. To assist them, help us identify Black and Hispanic Real Estate Developers in your community!

New York Times Coverage of Grove Report on Racial Equity in Real Estate

New York Times feature by Colette Coleman investigates findings from Grove’s new research on the tall hurdles faced by Black and Hispanic real estate developers.


Working to Learn: New Research on Connecting Education and Career

New White Paper from the Project on Workforce Highlights Critical Need to Better Connect Education and Career

In the wake of COVID-19 and growing inequality, America needs more pathways that bridge education and career. New research from the Project on Workforce at Harvard draws on data from New Profit's Postsecondary Initiative for Equity to identify opportunities for the education-to-employment field and chart the course for connections to good jobs.


By: Joseph B. Fuller, Rachel Lipson, Jorge Encinas, Tessa Forshaw, Alexis Gable, & J.B. Schramm

bottom of page