Affordable Housing Professor, and Developer, Practices What He Teaches
Edward Poteat, who for the past nine years has taught “Affordable Housing Financing” at Columbia University’s Graduate School of Architecture, is a professor who practices what he teaches.
As lead developer for Marcus Garvey Village in Harlem, Poteat and his firm, Carthage Real Estate Advisors, are spearheading construction of a 300,000-square-foot, 18-story mixed-income project with 330 residences, of which 50% will be designated affordable income.
“Students finish my courses with an understanding of how contextual development can provide desirable affordable housing, while still being profitable to build and operate,” said Poteat. “The takeaway is there are resources to build residential projects that provide benefits for entire communities.
“Unfortunately for New York City, the most complicated financial structuring is for multifamily developments that are 100% affordable,” he continued. “But with more 50-50 projects in the pipeline, we can still aspire to greater economic parity in what and where we build.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).