Scott Henry, Founder of Celadon Partners, joins to discuss the ins and outs of Affordable Housing Development including tax credits, grants, and construction considerations.
Scott starts by sharing his experience working at JPMorgan’s Low Income Housing Tax Credit investment group and his transition to developing affordable housing! He provides a case study of an adaptive reuse project and gets granular on how the acquisition opportunity was presented, how the capital was raised, and construction considerations. Scott shares notable due diligence stories and talks about what to look for in buildings when considering adaptive reuse redevelopment. This is a great show that sheds light on the opportunities and incentives available for affordable housing developers!
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02:47 Housing Provider Tip - Dial in your tenant screening process to prevent issues!
04:22 Intro to our guest, Scott Henry!
08:50 The Low Income Housing Tax Credit.
13:25 Case Study - Adaptive Reuse Project!
20:45 Covenants for Tax Credits and Grants.
28:54 Construction Considerations on Adaptive Reuse Projects.
34:03 Shocking stories during due diligence.
37:40 What is your competitive advantage?
38:14 One piece of advice for new investors.
38:34 What do you do for fun?
39:05 Good book, podcast, or self development activity that you would recommend?
40:39 Local Network Recommendation?
41:46 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Scott Henry
Guest Company: Celadon Partners
Guest Link: https://celadon-partners.com/
Other Links for show notes:
Banana Ball (Book Recommendation)
Landmarks Illinois (Network Referral)
