Housing Update | Empowering Equity in Real Estate Development

June 23rd, 2021

View the recording of this meeting here:

The Pattern for Progress Center for Housing Solutions convenes industry leaders for a virtual panel discussion exploring the many angles of housing and real estate. This month the Housing Update is followed by The Solutions Lounge! The Solutions Lounge is where we set the stage and move these conversations toward actionable steps – we look to find the answer to the question:  “So…what are we going to do about it?”

There are many barriers to entry in the real estate development industry, which include access to capital for pre-development loans, construction loans, and permanent financing.  Education and experience, along with a deep portfolio of completed developments is a requirement to be competitive in responses to Requests for Proposals and Qualifications issued by municipalities and private owners seeking to attract partners.

Come learn about development projects underway in the Lower Hudson Valley that are driving equity and furthering diversity within the real estate sector led by Black-owned businesses within the industry. The Real Estate Development sector has been incredibly difficult to penetrate as a new developer, but has historically excluded new developers of color.

Join Pattern for Progress in their quest to seek solutions to the issues of inequitable access to resources within the Black and Latino development community. Pattern will facilitate a conversation with developers to hear about their story and discuss a solutions based approach with lenders and funders to address the challenges to equity and empowerment within the sector.

The Housing Update – Developer Panel

Moderator:

Greg Maher
Executive Director, Leviticus Fund

Greg joined the Leviticus Fund as Executive Director in 2013, and is responsible for leading and managing all aspects of our operations and for formulating new initiatives to address the needs of the low-income people and communities that we serve. Previously, he spent 23 years at the Local Initiatives Support Corporation (LISC), the last seven as Senior Vice President for Lending. While a member of LISC’s Loan Committee he reviewed and helped shape over 2,500 loan requests totaling over $1.1 billion to a wide variety of projects. Greg is a graduate of the College of the Holy Cross and St. John’s University School of Law.

Anthony Bailey
Lumarjo Holdings LLC

Anthony Bailey is a serial entrepreneur advocating for the elevation of underserved communities. Through neighborhood revival, co-creation of co-working space, and teaching entrepreneurial skills, Anthony has applied his determination as a thoughtful developer to provide meaningful community support. He is the managing director of Lumarjo Holdings LLC, a boutique social impact investment firm, previously was a business analyst at Eileen Fisher and owner of 24-7 Tech Solutions. He continues to serve on the boards of Greyston Foundation, Westchester Community Foundation and as the VP on the Yonkers Council of PTA.

Duwayne Shaw
Shaw Properties

A highly experienced real estate investor-broker, Duwayne Shaw, uses the Shaw Properties’ platform to generate above-average returns  in residential real estate through multiple lines of business –contract assignments, wholesales, rehabilitations and tax lien purchases. Mr. Shaw capitalizes on decades of real estate experience and an established network of agents, contractors and service providers to source and create value in these opportunistic real estate transactions. Through active management, adherence to strict criteria, and diversification of revenue streams, Shaw Properties has mitigated risk while producing substantial returns over the course of 18 years.

Everett Perry
Urban Ecospaces

Everett Perry found his first real estate development firm in 1999, specializing in the renovation and redevelopment of New York area properties that were dilapidated, distressed or abandoned. He has more than 20 years of experience in the acquisition, development, construction, financing, brokerage, and management of real estate in urban areas.   As President of Urban Ecospaces, Everett incubates new business development initiatives, and leads the firm’s ongoing development and construction ventures. He is a licensed general contractor with experience managing developments and construction in a variety of settings and styles, including schools, institutions, commercial, transportation, housing, new construction, and land development.

James Simmons
Center for Urban Rehabilitation and Empowerment, Inc. (CURE Inc.)

James Simmons is the Executive Director of the Center for Urban Rehabilitation and Empowerment Inc. (CURE Inc.), a certified not- for- profit 501c(3) Community Housing Development Organization, (CHDO) doing business in New York State, as well as in the City of Yonkers.  He has worked as a Community Planner for Affordable Housing.  Mr. Simmons was appointed by the Mayor of the City of Yonkers as a Board Commissioner for the Yonkers Municipal Housing Authority, where he served a five year term.  Two decades ago, Mr. Simmons began a partnership with the City of Yonkers to assist with the development of affordable homes in distressed areas.  Under his leadership, CURE successfully acquired and completed affordable town homes as the Developer and General Contractor.  Mr. Simmons is currently consulting on an affordable housing development of 146 affordable units located in south Yonkers.

Tim McQueen
Empowering Developers of Color Program

Native to Poughkeepsie, Tim McQueen has worked profusely in the community as a music producer, marketer, and promoter of the local entertainment industry, which has uniquely positioned himself to leverage his experience with nonprofit organizations and local schools to advocate for community-based development and generational wealth building.

Through the Empowering Developers of Color program, his goal is to show a proof-of-concept for the initiative to create “Gentralization”–a new approach to welcoming new residents and development projects while combating displacement and supporting the natural culture and economic base of a area. Utilizing his deep-rooted social and cultural capital in Poughkeepsie, he aspires to create an equitable real estate development company that produces Naturally Occurring Affordable Housing (“NOAH”) and operational businesses that focus on active cultural place-keeping.

The Solutions Lounge – Panel

Moderator:

Joe Czajka
Senior Vice President, Pattern for Progress
Executive Director, Center for Housing Solutions

Joe Czajka is the Senior Vice President of Hudson Valley Pattern for Progress, leading its nonprofit research and policy organizationan work.  As a resident of the Town of Newburgh, he served prior as executive director of the anti-poverty agency RECAP (Regional Economic Community Action Program) based in Middletown, and returned to Pattern this month to take on the role of Senior Vice President for Research, Development & Community Planning. Czajka is the founding executive director of the Center for Housing Solutions and Urban Initiatives at Pattern and has resumed that role as well. Czajka will assist the team already at work on Pattern’s Urban Action Agenda, an initiative that is funded in part by the Ford Foundation as well as donors to the Pattern for the Future campaign. The UAA is focused on revitalization of 25 urban centers throughout the Hudson Valley from Yonkers to Monticello to Hudson.

Victoria Barreca
Director of Capital Solutions and Partnerships, Enterprise New York

Lydia Tom
Senior Advisor, Enterprise New York

Kevin McQueen
Director of Lending, Leviticus Fund

Kevin joined the Leviticus Fund as Director of Lending in 2020. He is responsible for all facets of our lending programs, ensuring that we achieve our strategic goals and maintain flexibility and responsiveness in meeting the needs of the organizations we serve. Prior to joining Leviticus, he was a partner at BWB Solutions LLC, a consulting firm specializing in strategy development for organizations committed to social impact. Kevin is also an Adjunct Instructor at The Milano School of Policy, Management and Environment, where he teaches community development finance. Kevin graduated from Brown University and is completing a graduate degree in Economics at The New School for Social Research.

Lawrence Hammond
Senior Vice President, Director of ACCESS, Community Preservation Corporation

Lawrence Hammond is Senior Vice President, Director of ACCESS. In this capacity, Lawrence is working closely with CPC’s leadership team and Board of Directors to operationalize and manage a $20 million pool of funds which will focus on making investments in low-income communities and creating opportunities to empower minority real estate entrepreneurs across New York State and the region.

Mr. Hammond joined CPC as Vice President and Mortgage Officer in the New York City Originations Office in 2015, after more than 30 years with various financial institutions inclusive of Popular Community Bank, Bank of New York Mellon, and JP Morgan Chase Bank. At CPC, he has distinguished himself as an expert in affordable housing and multifamily finance, working with borrowers on some of their most challenging projects. As an ordained minister, Mr. Hammond has also focused on building relationships with, and advising faith-based organizations who are interested in developing housing as part of their mission to serve the community.

Kim Jacobs
President & CEO, Community Capital New York

Kim Jacobs has served as Executive Director of Community Capital New York, a Community Development Financial Institution, since its creation in 1989.  Under her leadership, the organization has realized important goals in affordable housing and small business development throughout the communities served in the lower Hudson Valley.

Prior to her work in Westchester, Kim served as the Deputy Director of Rochester Downtown Development Corporation in Rochester, NY and also worked as a Senior Planner for the City of Sioux Falls, SD and other planning positions in Iowa, Texas and California.  She has a MS in Urban Planning from the University of Iowa and an MBA in Finance from Pace University.  Ms. Jacobs serves on a variety of community Advisory Boards.  In 2000, she was selected as a Fannie Mae fellow to the Kennedy School of Government Senior Executives Program at Harvard University.

Mary Linge
Director of Real Estate Development, Hudson River Housing

Mary Linge is a Director, Real Estate Development at Hudson River Housing based in Poughkeepsie, New York. HRH has developed over 1,300 units of housing generating close to $200,000,000 of investment. Founded in 1982, the Poughkeepsie-based nonprofit originally focused on providing services for homeless people in Dutchess County. But through the years, Hudson River Housing has expanded to work with prospective home buyers and budget-constrained individuals, families, and seniors. It provides emergency and transitional housing, supported housing for people with mental illness, foreclosure prevention counseling, and street-based outreach programs for youth. The work is designed to strengthen diverse neighborhoods through education and shelter.