Source: Yahoo! Life —
Project Destined students and team members gather during their November visit to the U.S. Bank headquarters. U.S. Bank team members pictured: Zack Boyers, Kristy Carstensen, Greg Cunningham, Troy Remington.
Originally published on U.S. Bank company blog
Cedric Bobo knew from a young age the pride that comes from owning property. He learned it through the family stories that focused on his great-grandfather Tony Edmunds, who was Black and a landowner in the 1890s in northern Mississippi.
“My grandmother would tell me how he framed himself as an important member of his community, someone who was an entrepreneur and his participation as an owner,” said Bobo. “I was deeply inspired by these stories.”
Although the stories from his family history conveyed the importance, Bobo didn’t learn how to become a landowner. “It would have helped a lot if I had a network,” he added.
So, after a 20-year career as an investor, including more than 10 years at The Carlyle Group, he founded Project Destined, a nonprofit focused on teaching real estate to high school and college students of color. The organization’s name was inspired by the 2016 movie called “Destined.” Project Destined exposes students not only to a network of real estate professionals, but they also receive a stipend to attend classes about real estate and access to mentors who guide them during the program. Students learn about financing, property evaluation, market value and how to plan for renovations, among other topics. At the same time, industry professionals get to know a talented pool of young professionals of color.
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