Black developers often face hurdles in obtaining capital to get their projects off the ground

Don Peebles says building in New York is more capital-intensive than other places
Black business leaders skeptical of de Blasio’s equality initiative

_____________ “The lack of specifics on increasing access to equity capital for Black-owned businesses is troublesome, especially considering the recent data on how large the disparities are,” said Craig Livingston, managing partner at the Exact Capital development group. _____________ A city effort to increase public-private investment in Black-owned small businesses and entrepreneurship launched Wednesday by […]
Affordable Housing Developer Makes Foray Into South Carolina With New Apartments

A rendering depicts the Villages at Congaree Pointe, planned for Columbia, South Carolina. (Exact Capital Group)
Exact Capital Brings 100% Affordable Community to Columbia with $51M Funding

Exact Capital, together with partner Armada Development, is making its first investment in SC with the development of Villages at Congaree Pointe, a 100% affordable community in Columbia. The community will comprise 240 units in 10, three-story buildings on 14.9-acres along Atlas Road. The total capitalization of the development is $51 million with construction financing provided […]
MARTA, Peebles enter negotiations for major mixed-use development on the Westside

The transit-oriented development of Bankhead will encompass almost 5.5 acres of land, along with air-rights above the station, which is located at 1335 Donald Lee Hollowell Parkway. Photo courtesy of Microsoft.
Exact Capital Announces First South Carolina Deal

Villages at Congaree Pointe will bring affordable housing options to residents of Columbia, South Carolina. The development will serve households earning no more than 60% of the area median income.