Through a collaboration focused on expanding the growth and success of BIPOC real estate developers, Domos Co-Founder Daniel Alexander was selected as one of 27 developers for the Growing Diverse Housing Developers program.
BIPOC real estate developers make up less than 5% of the industry today, and this $40 million initiative — funded by Wells Fargo and implemented by Capital Impact Partners, Low Income Investment Fund, Raza Development Fund and Reinvestment Fund — is working to change that statistic while also increasing the supply of affordable homes around the country.
Throughout the four-year program, Alexander and his fellow developers will receive access to lower-cost, flexible capital, as well as training, mentorship and resources to help them accelerate their development of multifamily and mixed-use housing projects.
“Over the next four years of this partnership, Domos will continue on our mission of providing affordable, inspiring housing opportunities to our nation’s most vulnerable populations. I couldn’t be more grateful for the support provided by these sponsors, and I look forward to seeing the progress made nationwide by the other incredible developers selected to participate,” said Alexander.
About Domos: Domos Coliving is a leading developer focused on transforming the next generation of housing with attainable living communities across America. With a combined 30 years of experience in multifamily, coliving, and opportunity zone portfolio, the Domos team is mobilizing its expertise to bring coliving to America’s greatest cities. To do this, Domos strategically acquires and transforms well-located real estate to achieve meaningful investor returns while elevating underserved communities and expanding the universe of affordable housing. Currently, Domos’ pipeline of active developments consists of approximately 300-435 units across three projects in Georgia, which can provide 200 units of workforce attainable housing.
Domos Co-Founder and Principal Daniel Alexander has spent the past decade of his career leading the acquisition, design, development, management and disposition of more than $300 million of workforce and affordable housing assets. Before Domos, Daniel founded Real Estate Asset Partners (REAP) and AH Capital (AHC). Thousands of families have benefited from Daniel’s mission-focused approach to investing in diverse markets such as California, Georgia, and North Carolina.