How can P3s (public-private partnerships) impact the development of affordable housing and thereby create economic opportunities and revitalize neighborhoods? This session highlights the City of Chicago Micro-Market Recovery Program to demonstrate how local governments can create partnerships with local and national nonprofits, banks, and private organizations to implement a variety of foreclosure-prevention and neighborhood-stabilization initiatives.
Speaker Details
Marcy S. Huttas
Senior Product Manager
Mercy Housing
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Bio: Software Product & Data management, Community Development Program Management, Training Development and Facilitation. Roles: Mercy Portfolio Services, Senior Product Manager; Institute for International Education Training Development & Facilitation; Associate Director over Programming & Training, Peace Corps Bulgaria and Micronesia; Senior Project Manager, Fathom Solutions & Mantiss Information; Motorola Cellular, Operations & Software Product Management
Education: Kellogg Graduate School of Management at Northwestern University MBA, concentrations in International Business, Decisions Sciences, and Marketing
Raul I. Raymundo
CEO
The Resurrection Project
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Bio: Mr. Raymundo is co–founder and CEO of The Resurrection Project (TRP), a comprehensive and holistic community development Institution. Since its inception, TRP has leveraged more than $250 million in community reinvestment to serve more than 10,000 individuals, create 550 affordable homes, and develop more than 150,000 square feet of space to meet a variety of community needs including a charter high school and family day centers. Under his direction TRP has become a pillar of community development in the Chicago metropolitan region. Through his leadership TRP has been able to seamlessly blend community development, community organizing, human service delivery, and advocacy to build vibrant, healthier and involved communities. In addition to his work at TRP, Mr. Raymundo is very active in Chicago’s civic community. In 2009, Cardinal Francis George appointed Mr. Raymundo to the Archdiocese of Chicago Catholic School Board, and in 2007 Mayor Richard M. Daley appointed him to the Chicago Metropolitan Agency for Planning. Mr. Raymundo also serves as a Director on several civic boards including the Executive Council of Chicago Metropolis 2020, WBEZ 91.5 FM Public Radio, St. Anthony Hospital Ministry Board, Ounce of Prevention Fund, Instituto Health Sciences Career Academy Charter High School, St. Pius V. Finance Council and the Illinois Coalition for Refugees and Immigrant Rights. At the national level, Mr. Raymundo is the Board Chairman for the National Association of Latino Asset Builders (NALCAB).
Education: Mr. Raymundo graduated from Carleton College and is a 1996 Leadership Greater Chicago Fellow.
Nancy Welsh
CEO, Chairman of the Board
Builders of Hope
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Bio: Nancy Welsh, Founder and CEO, Builders of Hope Holder of the nation's first U.S. Process Patent for her method of building Green Communities, Welsh has been lauded for her achievements in affordable housing and green building and has set a new standard for "extreme green" affordable housing, recycling entire houses otherwise destined for demolition and outfitting them with the latest in energy efficiency - all the while providing jobs to under-served communities. The success of Builders of Hope is being heralded as a universal solution to the abandonment and blight crisis facing cities nationwide. The Wall Street Journal called Builders of Hope, “potentially the most politically correct housing development on the planet." The non-profit’s innovative approach to sustainable rehabilitation has proven invaluable to the REO/foreclosure arena, establishing energy-efficiency benchmarks and sustainability standards for cost-effective rehab. The concept started in North Carolina and is quickly spreading with multiple offices throughout the Southeast and Midwest.. Social Entrepreneur Nancy Welsh is an inspiring example of how determination, a thoughtful approach and environmental leadership are a winning formula for the millions of Americans in need of affordable housing. She was the focus of a book entitled "Builders of Hope: A Social Entrepreneur's Solution for Rebuilding America." She has been featured on PBS, the Washington Post, and Wall Street Journal, USA Today, CBS News, NPR, and has received national awards such as The Edison Award for innovation and National Housing Conferences’ Pioneering Housing Strategies of the Year Award.
Education: B.A. Communications, University of Tennessee, Knoxville
William Eager
Pres of Affordable Housing
Ed Jacob
Executive Director
Nghbrhd Hsng Svcs of Chicago
Richard G. Lorber, AICP
Acting Planning Director
City of Miami Beach
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Bio: Planning Director: City of Miami Beach
Education: Florida Atlantic University; MURP Florida International University; M.A. Econ.
Douglas P. Koch, AICP
Director
McGladrey
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Bio: Director at McGladrey, leading the Affordable Housing Practice. Over last 34 years focused on affordable housing and community development led consulting activity for Ernst & Young's Tax Credit Investment Advisory Services, as a housing and community development consultant for my own firm, created & led Cushman & Wakefield's Affordable Housing Group, Partner for 10 years focusing on affordable housing consulting & underwriting at Boston Financial Group & early in career worked in housing/CD for local,state & Federal Government.
Education: MCRP, Graduate School of Design, Harvard University Bachelors Degree in Community Development at Rutgers University AICP (On-going professional requirements & certification courses as a member of the American Institute of Certified Planners-Charter Member since 1978) MAI (On-going Certification requirements and coursework for the Appraisal Institute's membership-since 1991) NCHMA (National Council of Market Analysts-(On-going Certification requirements and coursework. Founder & First Chair, 2001-2012)
Key Publications: Most Relevant 1) http://mcgladrey.com/pdf/wp_second_quarter_2012_tax_credit_housing_disposition.pdf 2) http://mcgladrey.com/Bank-Notes/Low-income-housing-tax-credit-Benefits-for-community-banks 3) http://intranet.mcgladrey.rsm.net/tax/home/News/Pages/Lowincomehousingtaxcreditduediligence.aspx 4) “MixedIncoHousingJan2001.pdf”: Published in Multifamily Housing Advisor January/February 2001, The Challenges of Underwriting Mixed Income Tax Credit Developments 5)November 13, 2000 Presentation to the National Housing & Rehabiliation Association’s NH&RA) Fall Forum, INNER CITY NEIGHBORHOOD SUITABILITY ANALYSIS 6)Published in Affordable Housing Finance January 2000, "Conventional Interest In Unconventional Real Estate" (Private market interest in affordable housing)
Other Publications: Co-wrote & Co-taught Appraisal Institute Course, Appraising Affordable Housing (Transcript published for course.)
Past Assignments: 2012 Only Sept. 2012 National Association of State & Local Equity Funds (NASLEF) Annual Conference: (1) Y15 Market Overview and Disposition Lessons Learned" (2)Developing with Resident Services - Is This a Trend or the Future? June 2012 National Council of State Housing Finance Agencies (NCSHA)"Overview, Principles and connecting to social impact financing" Feb. 2012 National Housing & Rehabilitation Association (NH&RA) Feb. 2012 Resident Services {An Investor Perspective : How Resident Services in LIHTC Housing optomizes social impact} Saturday February 25, 2012 NH&RA Annual Meeting
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