New Undergraduate CRE Course, Development Boot Camp Launched By Standard Communities, Project Destined

Photo credit: Courtesy of Project Destined
Project Destined scholars and research interns Ramgelly Espinosa, Nicole Kerrison and Kam'ron McKnight

National affordable housing developer Standard Communities is partnering with social impact platform Project Destined to shape the next generation of real estate professionals from diverse backgrounds.

The boot camp the company is creating will offer undergraduate Project Destined students an overview of affordable housing investment and work to equip them for real estate investment and management classes, per a release announcing the program. Standard Communities and Project Destined are forming a partnership with Lehman College in the Bronx to create commercial real estate courses focused on affordable housing.

The college students will, as part of the mentorship program, get 40 hours of work each semester within the commercial real estate industry. They also will be part of weekly team-based competitions as part of the program. Standard Communities — which has a portfolio of more than 11,500 units — plans to expand its partnership with Project Destined in cities across the country, including Los Angeles, Chicago and Washington, D.C.

“Affordable housing, maybe more than any other segment of the real estate industry, needs more people with diverse backgrounds, experiences and perspectives working together to help transform communities and drive positive social change,” Standard Communities Chief Strategy Officer Joe Ouellette said in a statement. “Partnering with Project Destined allows Standard to share our key values, experience and expertise with a diverse group of students, laying a foundation for their future career success in commercial real estate and affordable housing."

The partnership marks the first time Project Destined has joined with an affordable housing developer, according to Cedric Bobo, the organization's founder.

"The power of the Affordable Housing Bootcamp is that all 1,000 of our students can join the Bootcamp and benefit from a curriculum developed in partnership with Standard Communities," he said in an email. "The scale of the exposure is powerful and students get mentoring along with it."

Project Destined provides training in financial literacy, entrepreneurship and real estate. The platform — which has its own e-learning program — forms partnerships with schools, nonprofits and companies to offer training. The aim is to demystify the real estate industry and to show people that they can be part of the development in their neighborhoods.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Mamdani Adds Millions To Program Helping Retailers Negotiate With Landlords

Canadian REIT Buys Brooklyn Medical Office For $90M: The N.Y. Deal Sheet

NYC Stops Construction On Another Office-To-Residential Conversion As Inspectors Descend On Job Sites

Ireland's Living Sector Sales On Course To Hit €1B This Year

2 Longtime Leaders Of Housing Nonprofit Leave To Launch New Firms

SL Green Cashing In On Surging Manhattan Office Market

Developers Build More Bedrooms As 99-Unit Projects Dominate

Mamdani Names Anthony Shorris CEO, Lina Khan Chair Of EDC