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You may be able to seek minority business certification, such as with SBA 8(a) programs but that really doesn’t apply to what you’ve described. That can help you get business with set-asides for government contracts and such, but to the best of my knowledge, no tax breaks or lending preferences exist specifically for minority-owned businesses.
There are some tax incentives for using minority-owned businesses as subcontractors and so forth, and that may be an avenue here. This is definitely something to have your attorney and/or accountant investigate, but you may be able to have the developer employ the minority partner and get some tax benefit. Much of that possibility is handled at the state level, not at the federal level.