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Black real estate developers face barriers to growth. A $100M fund targeting Philly aims to assist them.

The collaboration is a response to the challenges faced by Black developers in raising the capital needed to accelerate the growth of their businesses.

Developer Lorraine Wilson-Drake poses for a portrait at the site of one of her developments on April 21, 2021, in Philadelphia. She is a member of the Collective, a consortium of Black Philadelphia developers that are teaming with a Wall Street emerging markets veteran to raise investment for their real estate projects.
Developer Lorraine Wilson-Drake poses for a portrait at the site of one of her developments on April 21, 2021, in Philadelphia. She is a member of the Collective, a consortium of Black Philadelphia developers that are teaming with a Wall Street emerging markets veteran to raise investment for their real estate projects.Read moreDAVID MAIALETTI / Staff Photographer