Developers Are Key Target of New Initiative

WASHINGTON, DC-The National Capital Revitalization Corp. has launched a joint initiative with the DC Chamber of Commerce to expand and deepen the level of support provided to real estate entrepreneurs here–specifically DC’s Local, Small and Disadvantaged Business Enterprises, or LSDBEs. Leveraging NCRC’s Real Estate Development Entrepreneurship Program, the two organizations will focus on providing these firms with new sources of capital, technical assistance and real estate assets.

“In order to become a major player in real estate development, a small business needs the necessary tools to increase financial viability,” says NCRC president and CEO Anthony C. Freeman in a statement. “We created this initiative with that in mind, and are looking forward to assisting LSDBEs in increasing capital through expanded real estate services.”

NCRC has just released a Request for Qualifications to solicit candidates. Criteria for participants include a demonstrated interest in the real estate industry and a commitment to development in the city. NCRC plans to partner with a company or team of individuals to help develop these opportunities. The chamber’s contribution to the endeavor will include transaction services, marketing, business certification, licensing and professional networking opportunities.