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New program seeks to diversify real estate development in Philadelphia

The Minority Developer Program will use public land and funding to create opportunities for real estate projects for Philadelphia developers who have been historically excluded in the industry. The program also will train participants in best business practices and connect them with mentors in the industry who are more established and prolific. The initiative is meant to grow the businesses and build the resumes of small and midsize developers and contractors and to boost the production of affordable homes across the city.