City of Cincinnati - File #: 202100294

• File #: 202100294
• Version: 1
• Type: Motion
• Status: Adopted
• File created: 1/26/2021
• In control: Cincinnati City Council
• On agenda: 1/27/2021
• Final action: 2/3/2021
• Title: MOTION, submitted by Councilmember Landsman, WE MOVE that the Administration draft legislation establishing a Minority Real Estate Development Capacity Building Program to support the mentorship of minority real estate development professionals. This program should lift up and provide additional opportunities for minority developers, especially Black real estate professionals who have the potential to be leaders of new minority-led commercial development firms. This is part of the City's larger "Balanced Development" efforts to ensure real inclusion of development efforts in Cincinnati. The proposed program, requiring ~$150,000 in funding, would extend opportunities for minority developers to actively participate in and shape an inclusive growth strategy for the City - one that integrates the new Balanced Development Scorecard proposed by my office. The program would draw from similar successful efforts in Detroit, where in they created an "Equitable Development Initiative." Our effort...
• Sponsors: Greg Landsman

Date	Ver.	Action By	Action	Result
2/3/2021	1	Cincinnati City Council	Adopted	Pass
2/2/2021	1	Economic Growth & Zoning Committee	Adopt	Pass
1/27/2021	1	Cincinnati City Council	Referred to Economic, Growth & Zoning Committee

title

MOTION, submitted by Councilmember Landsman, WE MOVE that the Administration draft legislation establishing a Minority Real Estate Development Capacity Building Program to support the mentorship of minority real estate development professionals. This program should lift up and provide additional opportunities for minority developers, especially Black real estate professionals who have the potential to be leaders of new minority-led commercial development firms. This is part of the City’s larger “Balanced Development” efforts to ensure real inclusion of development efforts in Cincinnati. The proposed program, requiring ~$150,000 in funding, would extend opportunities for minority developers to actively participate in and shape an inclusive growth strategy for the City - one that integrates the new Balanced Development Scorecard proposed by my office. The program would draw from similar successful efforts in Detroit, where in they created an “Equitable Development Initiative.” Our efforts should build on best practice efforts such as this one, as well as others around the Country (spelled out in the Administration’s 2020 Balanced Development Report to Council).

recommendation

ADOPT