Central Ohio Emerging Developer

Multi Family Development

Here with go into 2024!

I am overjoyed to be part of the Emerging Developers Program, a transformative initiative that focuses on cultivating and training minority developers. This program holds immense significance as it aims to break down historical barriers and create pathways for individuals who have faced challenges in entering the real estate development ecosystem.

The program was designed with a clear mission in mind – to address the critical issue of affordable housing and to provide minorities with the tools and knowledge needed to thrive in the real estate development field. I feel privileged to be part of a program that not only acknowledges the existing disparities but actively works towards bridging those gaps.

The program structure is comprehensive and tailored to equip participants with the skills necessary for successful affordable housing development. The three key elements of Program include:

  1. Technical Assistance: Over the next six months, I'll be immersed in an educational course covering all aspects of affordable housing development. From project legal structuring to project feasibility, affordability, and market analysis, to site selection, acquisition, project proforma, financing, and project management, I am eager to absorb a wealth of knowledge that will form the foundation of my development career.

  2. Access to Capital: Upon successfully completing the program, I will have the opportunity to apply for loans through the program to fund the construction of affordable housing. This not only underscores the commitment to supporting emerging developers but also demonstrates a tangible pathway to turn our newfound knowledge into impactful projects.

  3. Ongoing Consulting: The program goes beyond the educational phase by offering continuous support through ongoing consulting with industry experts. This aspect excites me as it ensures that I'll have a network of experienced professionals to guide me throughout the entire development process.

The culmination of the program involves the creation of a comprehensive development project plan during the final learning session. This project proposal will be presented for funding under the programs guidelines, marking a pivotal moment where the theoretical knowledge gained throughout the program is translated into a practical, actionable plan.

I am truly grateful for the opportunity to be part of the EDP and am excited about the prospect of contributing to the creation of affordable housing in Central Ohio. This program not only opens doors for my personal and professional growth but also aligns with my passion for making a positive impact in the community.

Here's to an enriching journey ahead!

Ty Nisthauz, Proud Worthington Resident

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