Ep.3: Mile High Opportunity
Untold Returns: Adventures in Impact Investing episode 3 travels to Northglenn, CO, once named, “the most perfectly planned community in North America,” by Life Magazine. A close suburb of Denver, Northglenn is feeling the impact of the region’s booming economy. As businesses and young professionals flock to the area, housing prices have gone up, pushing rentals out of the reach of families and forcing them to uproot in search of homes they can afford. But all is not lost. Impact investing strategies, including equity investments to preserve affordable housing, are making a difference.
You're changing lives. You're having a dramatic impact on the residents themselves and ultimately our focus is the fact that we want them to take pride in that place and ultimately call it their home
Managing Director of Affordable Housing at Security Properties
In this episode, Bethany talks with Peter Lifari, Bryon Gongaware, Chris Herrmann and Joe Wishcamper about:
- Affordable housing preservation as an impact investment strategy
- The role of equity investments in preservation efforts
- How affordable housing first gets created, primarily through Low Income Housing Tax Credits
About Our Guests
Peter Lifari has been with Unison since 2014, previously serving as deputy director. Prior to his time fighting to mitigate generational poverty at ACHA, Peter spent over 12 years in support of national security working as a civilian contractor across the United States. In addition to his duties as director, Peter also serves as the senior vice president for Mountain Plains NAHRO (National Association of Housing and Redevelopment Officers), and treasurer for the Early Childhood Partnership of Adams County. Read about the work Unison is doing on Channel 7’s website. Listen to Peter, along with Paola Diaz and Adam Morgan discuss how to keep housing affordable on KUVO or follow him on Twitter.
Bryon Gongaware joined Security Properties in 2002 focusing on the acquisition and development of affordable properties throughout the United States utilizing both 4% and 9% low income housing tax credits. Prior to Security Properties, he worked on real estate transactions for a high net worth individuals. Read about some of his projects in Affordable Housing Finance.
Chris Herrmann has led Enterprise Community Investment’s conventional equity program since 2013 and is responsible for raising, structuring and managing equity funds, as well as evaluating and closing investment opportunities. Prior to that, Chris facilitated the successful closing of more than 70 transactions with a total of more than $625 million in LIHTC equity. Before Enterprise, he worked with John Hancock Realty Advisors in Boston, where he participated in the direct investment of affordable housing projects utilizing LIHTC, Historic Rehabilitation Tax Credits and state tax credit programs. Read about some of his projects in Multi Housing Pro and Multi-Housing News.
Joe Wishcamper> has been an owner/developer of over 15,000 units of affordable housing throughout the country. He is the president and sole owner of The Wishcamper Companies, Inc. and its affiliates, and is also a non-executive partner in a number of other affordable housing development companies. He and his wife founded Springboard to Opportunity, a vibrant nonprofit company with a mission of assisting low income families to achieve success in school, work and life.
Learn more about our guests and the issues and opportunities they spoke about: