Big Developer of Big Projects
Colleen Carey is Executive Director of this very successful development corporation, currently with a professional staff of 20 people. Working with other developers and non-profit agencies plus private investors they have raised millions in equity contributions for the syndication of low income housing projects.
They have completed over 400 units of housing in 20 projects and participated in purchase renovation and remarketing over 1300 apartments at Riverside Plaza. They have salvaged and remarketed several townhouse projects which were being abandoned by the owners, as well as some of the efficiency apartments managed by the Central Community Housing Trust. Recent emphasis has been the creation through remodeling of a large number of three and four bedroom apartments in the city of St. Paul which will be rented to low income families.
Currently this organization is self sufficient and is able to provide enough income from their property management and consulting services to sustain the operation.