SummaryIn this conversation, Evan shares his journey into affordable housing development, detailing how he transitioned from a pre-med student to a successful developer. He discusses the founding of Holiday Ventures, the challenges and strategies involved in navigating the LIHTC process, and the importance of partnerships with nonprofits. Evan emphasizes the need for creative deal structures and the significance of community impact in his projects. He also highlights his collaboration with Amazon and offers insights into funding and site selection for affordable housing projects.Chapters00:00 Introduction to Affordable Housing Development04:32 Evan's Journey into Real Estate09:31 Building the First Affordable Housing Project14:27 Navigating the LIHTC Process19:24 Master Planning and Community Development21:32 Mission-Driven Development: Balancing Profit and Purpose22:33 Funding Pre-Development: Strategies and Risks26:19 Navigating the LIHTC Application Process28:16 Learning from Experience: The Importance of Mentorship30:00 Securing Tax Credits: The Role of Grants and Partnerships33:27 Understanding Cash Flow in Affordable Housing34:15 Long-Term Affordability: Strategies Beyond 15 Years36:00 Future Expansion: Exploring New Markets36:47 Partnering with Amazon: A Unique Collaboration43:16 Small Scale Affordable Housing: Lessons and Recommendations
