Private Development Programs for Weak Markets
Speakers: Shannon Morgan, Managing Partner, Renovare Development and Brian Potts, Managing Partner, The Ridgewood Group, LLC, Springfield, OH, and Ryan Bates, CEO, Bates Development
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In this second webinar in the series, “Building Equity and Market Strength in Legacy Cities: Context-Driven Equitable Development,” speakers present emerging programs driven by for-profit developers to build local market strength, often with a focus on meeting the needs of existing residents or supporting minority contractor business development. The first webinar, Equitable Development Programs for New Construction in Weak Markets, takes place February 28.
Robie Suggs is responsible for all lending-related activity, including loan processing, underwriting, construction management and credit risk/asset management. She builds and maintains strong relationships with developers, nonprofits, business owners, and financial partners to originate, underwrite, and close loans in support of CDF’s mission and resident-driven community plans. She came to CDF from First Financial Bank, where she was Vice President of Strategic Partnerships, Economic Development, and Community Outreach.
As Managing Partner of Renovare Development, Shannon Morgan is a housing expert and experienced leader with a diverse real estate background, specializing in building, rehabilitation, and development within urban areas, rural main streets and communities in numerous states throughout the country. Shannon has vast experience in working with various tax credits, brownfield developments, and transit-oriented projects; completing thousands of units of mixed income housing with a focus on projects that promote sustainability, urban revitalization, and a sense of place. Shannon is actively engaged in maintaining relationships with key stakeholders, legislators, local units of governments and aligned interest groups to develop and support policies and legislation affecting federal and state smart growth housing and development. She has championed several different pieces of legislation that were passed both federally and at the state level.
Brian Potts is the Managing Partner of The Ridgewood Group, a firm that specializes in the acquisition, revitalization and management of single family and multifamily properties. Mr. Potts focuses his work on value-add projects in core urban neighborhoods in Springfield and Dayton. He received his Bachelor of Business Administration from The Ohio State University and his Master’s in Accounting from The University of Illinois Urbana-Champaign. Mr. Potts also holds an Ohio Real Estate Broker’s License. Brian resides in Springfield with his wife and two children.
Ryan Bates is CEO of Bates Development, a Louisiana certified minority real estate development company focusing on incentive development by utilizing low income housing tax credits, federal and state historic tax credits, and state/federal agency programs for funding. Ryan has completed developments for multifamilyaffordable housing, market rate housing, hotels, and commercial usage. Ryan also currently serves as Vice President of Development for IDP Properties, a boutique real estate development firm headquartered in Valdosta, GA that invests in and redevelops affordable housing communities. Ryan is responsible for real estate development and new business opportunities in the Louisiana Market. Ryan is a board member for the Urban Development Fund, a New Market Tax Credit Development Entity.
Main image credit: Neighborhood Allies