Diversity & Equity in Property Development

What is happening?  Boston Planning and Development Agency has adopted a new diversity, equity and inclusion policy. It will apply to developers of certain projects that will have to disclose plans to foster participation by women and minorities.

Why is this important? Diversity Plans will have to be submitted to the Development Agency before a shovel hits the ground in their projects.

How will this be important? Disclosures will include “economic participation, employment, and management roles” by people of color, women and minority- and women-owned businesses. The goal is to better understand disparities in the real estate industry.

Boston.com | What to know about Boston’s new diversity and equity rules for developers