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R.E.D. Academy Hampton Roads
Chapter
Building Equitable Futures for Hampton Roads
R.E.D. Academy is excited to expand to the Hampton Roads region, bringing our proven 20-
month training and mentorship program to local developers. Since our 2021 launch in
Nashville, we have cultivated a community of real estate developers dedicated to delivering
high-quality, scalable affordable housing in communities and neighborhoods.
About R.E.D. Academy
R.E.D, Academy equips emerging real estate developers with expertise in governance,
finance, policy, sustainability, and development. R.E.D. Academy Nashville has:
e Projects Funded: 15 affordable housing projects launched by R.E.D. Academy fellows.
e Development Pipeline: 900+ housing units currently in the development pipeline.
Our Partners
e Norfolk Redevelopment & Housing Authority and its leadership
e Newport News Redevelopment & Housing Authority and its leadership
e Baker Tilly, our strategic workshop and financial analysis partner
e Redemption Bank, providing community-centered financing
e Lincoln Ave Communities, providing strategic development expertise
Impact in Hampton Roads
e Enhanced Developer Capacity: Train 12-15 local fellows in key development disciplines.
e Affordable Housing: Fellows will propose at least six new projects, creating 150+
affordable homes.
e CRA Eligibility: 251% of units allocated to households at or below 80% AMI.
e Local Partnerships: Strengthen collaboration among Housing Authorities, CDFIs, and
community leaders.
Ideal Developer Candidate Profile
e 1+years of real estate, development, or construction experience
e Commitment to serving low- to moderate-income communities
e Commitment to developing affordable housing
e Ability to dedicate 5-10 hours monthly to cohort sessions and workshops
e Strong local ties to Norfolk, Newport News, or broader Hampton Roads
e Entrepreneurial mindset and collaborative spiritJump to an indexed page (54 of 54)