New loan fund will back D.C.-area developers of color. These are its first two projects.

A new loan fund launched this week hopes to bridge the gap faced by Greater Washington developers of color as they seek financing for their projects. Capital Impact Partners’ $20 million Diversity in Development DMV Loan Fund is designed to clear the bottleneck emerging developers of color face when starting projects. Read More: New loan fund will back D.C.-area developers of color. These are its first two projects.