ULI and City of Denver Continue Partnership to Increase Diversity in Real Estate Development

ULI and City of Denver Continue Partnership to Increase Diversity in Real Estate Development

The Urban Land Institute, Colorado District Council (ULI Colorado) is partnering again with the Denver Office of Economic Development to help increase awareness of opportunities in the real estate industry among women and minority groups. Applications are sought for the second class of the Real Estate Diversity Initiative (REDI). The session builds on the success of the pilot program completed earlier this year.


Supported by CBIZ and Wells Fargo, the 2010–11 initiative will involve 25–35 participants who will be partnered with ULI mentors – local real estate professionals – for seven months to learn firsthand what real estate work and development entails. The groups of six to eight protégés will meet monthly with mentors, either at their offices or on the site of one of the company’s projects. Mentors will present, discuss and demonstrate real estate industry concepts. The program exposes the protégés to options for getting involved in various aspects of real estate, with a focus on development. In its initial program, REDI set the stage for the development of many additional programs at district councils across the nation as part of ULI’s national Diversity and Inclusion program.


Mentors for the 2010–11 program are: Ismael Guerrero, executive director of Denver Housing Authority; Getabecha (Gete) Mekonnen, executive director of Northeast Denver Housing Center; Lynn Crist, executive vice president of Mile High Development; Chris Achenbach, principal of Zocalo Community Development; James Chrisman, senior vice president at Forest City Stapleton; and Chris Coble, Civil Technology, Inc.


The application process involves completing a detailed questionnaire about the potential participant’s background, knowledge and experience in the industry and goals for involvement in the program. The cost to apply is $25 (non-refundable application fee). Participants selected will be required to pay $175 prior to the start of the session. Participants selected must commit to 100 percent participation, which includes one meeting each month with the mentor and other participants. Upon completion each protégé receives a certificate of completion, and a one-year ULI Colorado membership where they may enhance their knowledge and participation in the industry through programs and networking opportunities. In addition to the membership, the mentoring, networking and instruction involved in the program is valued at more than $15,000 per participant.


The first REDI program last year garnered high praise from its 35 graduates, with 100 percent of them either satisfied of very satisfied with the program.


“We were very happy with our first REDI session, and have been able to use feedback from our first participants to make the program even more effective for this class. We are very pleased to have CBIZ and Wells Fargo as sponsors for the 2010-11 program,” said Tamela Lee, director of the Division of Small Business Opportunity at the Denver Office of Economic Development.


Applications may be found at www.milehigh.com. For additional information about REDI contact ULI Colorado at 303-893-1760 or the Denver Office of Economic Development at 720-913-1542. Applications may also be picked up at the Business Assistance Center in the first floor of the Wellington E. Webb Municipal Office Building, 201 West Colfax Ave. The application deadline is Wednesday, November 3, 2010.


With close to 1,000 members, ULI Colorado is one of ULI’s largest District Councils. ULI Colorado engages its members to help them build their careers and participate in their community through leadership and responsible land use. In the past year alone, 25 ULI committees have attracted 250 volunteers and developed programs attended by thousands. Our Young Leaders Group (YLG) is over 400 strong with a full plate of monthly educational and social programs.


The Denver Office of Economic Development (OED) is dedicated to advancing economic prosperity for the City of Denver, its businesses, neighborhoods and residents. Working with a wide variety of community partners, OED operates to create a local environment that stimulates balanced growth through job creation, business assistance, housing options, neighborhood redevelopment and the development of a skilled workforce.

Posted on Wednesday, October 13, 2010 (Archive on Monday, January 01, 0001)
Posted by kpellegrin  Contributed by kpellegrin