Dallas based development firm Innovan Neighborhoods leads effort to support existing community-oriented real estate developers

September 16, 2022 – Innovan Neighborhoods recently hosted the kickoff of their Community Developers Roundtable on Wednesday, September 14, 2022. This event brought together local commercial and residential developers, bankers, elected officials and community members to learn about needs facing developers of color in the real estate community and how this new roundtable would help address those needs. The event focused on the power of local, targeted investment to change underserved communities and people forever.   


“I am always so inspired by the people who come out to support the mission and vision of Innovan Neighborhoods,” said Maggie Parker, founder and CEO of Innovan Neighborhoods. “Our belief in a people centered approach to development is what brought about the roundtable. I know that alongside our partners BCL of Texas & JPMorgan Chase we have the ability to truly transform whole communities."


Sponsors for the community developers roundtable event include: JPMorgan Chase, Bank of Texas, Allyn Media, Charles Schwab Bank, Comerica Bank, Communities Foundation of Texas, State Fair of Texas, United Way of Metropolitan Dallas & Tolleson Private Bank.  A full list of sponsors & partners can be found here. 

 

Those interested in being a part of the roundtable are encouraged to apply by September 23, 2022. Visit https://www.communitydevelopersroundtable.com for more information.


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About Innovan Neighborhoods

 

Founded in 2019, Innovan Neighborhoods is a people-centered development and consulting firm whose mission is to advance community-anchored real estate development through innovative, collaborative solutions. In partnership with Matthews Southwest, Innovan Neighborhoods works to build and strengthen neighborhoods in concert with community stakeholders, from joint ventures for affordable single-family homes to leading phased, master-planning development strategies in transitioning neighborhoods throughout Dallas-Fort Worth.  Innovan has a $100 million pipeline of affordable housing and small business-anchored development totaling 360+ units. We have also helped community partners position and/or secure over $15 million of investments for revitalization across DFW.

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A new networking program aims to connect Fort Worth’s nonprofit and for-profit real estate developers with financial capital to build more affordable housing units. The Community Developers Roundtable, launched in Dallas in 2022, provides developers with access to capital, peer learning and strategic support. Organizers of Fort Worth’s roundtable hope to replicate the success it had in Dallas, which resulted in nearly $125 million in development activities. That included 39 housing units built and more than $1.7 million in predevelopment and construction loans provided by financial partner BCL of Texas. Organizers said they want to increase affordable housing and community-based amenities to revitalize neighborhoods through real estate projects. The nine-month program launched with a public presentation at Texas Wesleyan University on Aug. 28, Maggie Parker, founder of Innovan Neighborhoods and the Community Developers Roundtable program, said the two-year Dallas pilot program equipped about two dozen local developers with resources, networks and capital to drive lasting impact. “The Fort Worth expansion is about championing and empowering developers who understand the context of their neighborhoods, making them best positioned to build, revitalize and reinvigorate the places they call home, which contributes to the economic vitality of Fort Worth,” Parker said. 
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