Autor/Autorin: Wilmoth Jr. W. Marvin
W. Marvin Wilmoth Jr. is a Managing Member of Generation Development Group, a redeveloper of distressed properties in urban communities. He holds a BS in Business Administration and an MBA from Florida A&M University in Tallahassee, Florida. He also holds an MS in Real Estate Development from Columbia University in New York, New York
I conducted a hypothetical case study on the 7900 block based on information from Generation Development Group''s experience of the entire development process from acquisition and financing through construction and ultimately a sale using the NSP guidelines to estimate returns and cash flows. By using this property as the "model” for an average two-flat development we can then extrapolate using the findings from this example to determine the potential level of effectiveness the NSP program will have on the City of Chicago''s median market value of homes, overall tax base and number of affordable units created. Those findings will then be compared to the stated goals of the City in an attempt to determine effectiveness of the NSP Program.
I conducted a hypothetical case study on the 7900 block based on information from Generation Development Group's experience of the entire development process from acquisition and financing through construction and ultimately a sale using the NSP guidelines to estimate returns and cash flows. By using this property as the model for an average two-flat development we can then extrapolate using the findings from this example to determine the potential level of effectiveness the NSP program will have on the City of Chicago's median market value of homes, overall tax base and number of affordable units created. Those findings will then be compared to the stated goals of the City in an attempt to determine effectiveness of the NSP Program.
W. Marvin Wilmoth Jr. is a Managing Member of Generation Development Group, a redeveloper of distressed properties in urban communities. He holds a BS in Business Administration and an MBA from Florida A&M University in Tallahassee, Florida. He also holds an MS in Real Estate Development from Columbia University in New York, New York
Über den Autor
W. Marvin Wilmoth Jr. is a Managing Member of Generation Development Group, a redeveloper of distressed properties in urban communities. He holds a BS in Business Administration and an MBA from Florida A&M University in Tallahassee, Florida. He also holds an MS in Real Estate Development from Columbia University in New York, New York
Klappentext
I conducted a hypothetical case study on the 7900 block based on information from Generation Development Group''s experience of the entire development process from acquisition and financing through construction and ultimately a sale using the NSP guidelines to estimate returns and cash flows. By using this property as the ¿model¿ for an average two-flat development we can then extrapolate using the findings from this example to determine the potential level of effectiveness the NSP program will have on the City of Chicago''s median market value of homes, overall tax base and number of affordable units created. Those findings will then be compared to the stated goals of the City in an attempt to determine effectiveness of the NSP Program.
