Victory, not that I'm dying to increase the competition considering were both in real estate but you really should consider applying through the consortium. As skaballet suggests it's not as hard as you may think. They are essentially looking for people who will be active participants in the consortium in the future. On way to do that is to find people who have already shown a pattern of activity in the past. I'm sure you've had some sort of community involvement or you wouldn't be applying to schools like Yale. Show how that involvemnt indirectly helped minorites and then use that along with your character to show that if given the chance you would remain active in the consortium going forward.
Ex. Say you volunteered for the habitat for humanity. They don't help just minorities but their efforts are usually with urban communites where most minorites live. This also shows that you are the type of person who will do for others. So if given acceptance to consortium network it's not hard to imagine that you would dedicate some of your personal time and resources to help their cause, especially if given an $80k scholarship.
Yale is new to the consortium so it may be a little different their first year but pretty much all of the schools suggest to apply through the consortium if you going to apply. Most schools take most of their minority applicants from this pool even if they don't offer them the fellowship. Even if you do not feel that you can get the scholarship you should still apply as you may get a membership (without $$) to the consortium which can be more valueable than the fellowship. There are events like the orientation program that you attend the summer before you start. Many people walk away from these events with internships in hand before they even start school. The only reason for not applying through the consortium if you're a minority is if you somehow feel minorities shouldn't develop specific networks to help their advancement.
There are two deadlines, one in early Dec, and one in early Jan. The schools let you know when you are accepted on their own and then you find out if you received the fellowship after all the schools meet in March.