FutureBUILDS Incubator
FutureBUILDS is a BIPOC Real Estate Development Incubator developed by Monumental and implemented in partnership with the University of Toronto’s Infrastructure Institute. The project is funded by the Future Skills Centre. FutureBUILDS seeks to support mid-career Black, Indigenous and People of Colour (BIPOC), who are interested in launching entrepreneurial ventures in real estate development. Informed by research conducted by Monumental on the experiences of racialized individuals in the real estate development sector, this free incubator program will build a new cohort of real estate developers across Canada, starting with a pilot in Toronto. The goal of this initiative is to add new thinking, agility and ideas into the sector by engaging BIPOC entrepreneurs and innovators who are passionate about solving issues of access to housing and housing affordability.
Details
The incubator is a 5 month-program consisting of:
Immersive deep dive sessions on real estate development
Mentorship with industry experts
Experiential on-site learning opportunities
Connections to industry partners in financial services, construction, architecture, planning etc.
A network of like-minded
peers and community
Learn about our collaborators here
FutureBUILDS Cohort
Meet our 2023 Cohort and their projects!
Akin Fabunmi
Laneway or garden suite – residential
Andrew Gray
convert single family home into legal triplex or four-plex
Tristan Scott
convert single family home into legal triplex or four-plex
Charity Kabango
Conversion 5+ units
Jamal Lowe
Conversion 5+ units
Charline Chau
mid-rise rental building – commercial
Corey Bryan
renovate single family home and build missing middle – residential
David Mamo
4 unit – residential
Diavin Miller
Current Multiplex and additional build spacious 2 story laneway – residential
Seema Chhabra
Current Multiplex and additional build spacious 2 story laneway – residential
Eskender Mekonnen
convert multi-unit rental property into low-rise multi-story rental – residential
Gervais Nash
redevelop a semi-detached 2 story home to 4 unit + laneway home – Residential
Hon Lu
4-5 unit multi-generational rental – residential/commercial
Isaac Kedida
2 unit residentia with opportunities to expand and grow more units
James Meers
Sever a large residential lot and construct two semi-detached residential properties (8 units and 2 laneway or garden suites)
Raman Gill
Sever a large residential lot and construct two semi-detached residential properties (8 units and 2 laneway or garden suites)
Joe Bala
redevelop duplex into tri/quadriplex – residential
Kemba Williams
6 unit, commercial
Kevin Hood
Sever lot and building Multiplex (4 – 5 units)
Kyle Baptista
Multiplex – residential
Natashia Palmer
additional 2 – 3 floors on top of mixed-use commercial building
Nathaniel Gardner
21+ unit townhouses – commercial
Omar Meson
4-8 self contained rental units, commercial
Sam Babatsikos
4-8 self contained rental units, commercial
Serena Budhwani
multi-gen, multi-family home – residential
Shaw Harper
single family home redeveloped into duplex/triplex – residential
Shawn James
laneway – residential
Shelley Bair
8-12 stories affordable housing – commercial
Siva Vaddempudi
duplex/triplex – residential
Xin Cindy Zhou
multi-unit in place of 2 story single detached home – residential
Who Should Apply
Do You..
Identify as someone who is Black, Indigenous or a Person of Colour (BIPOC)?
Have aspirations to create or expand a business/non-profit/co-op in the real estate development industry?
Have some knowledge about real estate development, construction or operating a business?
Have access to land, capital or other assets required to develop a property (at any scale)?
Have a willingness to commit a minimum of 12 hours a month to developing your venture ?
Have a passion for learning and building your networks ?
If so, then FutureBUILDS may be the right program for you. Our program welcomes not just individual entrepreneurs but also collectives, partnerships or other co-operative models.
Thank you to everyone who applied.
Applications for our first cohort are now closed
Want to know more about the FutureBUILDS –
BIPOC Real Estate Development Incubator?
The incubator program will run May – September 2023
Our Partners
FutureBUILDS is generously funded by the
Government of Canada’s Future Skills Centre
