Edward Poteat is an adjunct professor at Columbia University and author of the Fiscal Cliff, chronicling the plight facing many older American Cities. Edward has also developed affordable housing in the Metro New York market for nearly two decades.
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Edward Poteat is an affordable housing developer working in the tri-state New York area (New Jersey, Connecticut, and New York). He has raised more than $150,000,000 in capital and has built or renovated more than 1,000 apartments. His firm, Carthage Advisors, has expertise in devising complex and sustainable financial structures for successful affordable housing developments. Edward is also an adjunct professor at Columbia University and teaches graduate students the intricacies of affordable housing development. In his two trips across country, Edward visited dozens of cities and other municipalities. While some cities were vibrant and growing, he observed that other cities were decaying and nearly abandoned. Edward also grew up in a declining city called New York in the 1980’s. Although, New York City today is growing and vibrant; New York in the 1980’s was recovering from a near bankruptcy filing, high crime, and poor delivery of municipal services. He observed first hand the impact a declining city can have on its citizens. In response to these observations, Edward recently published his first book, The Fiscal Cliff. The Fiscal Cliff describes the fiscal crisis facing older American cities. Edward received his undergraduate degree at Yale University and received his Masters in Urban Planning from Hunter College. He has given numerous lectures on community development and affordable housing. He has held various board memberships for organizations including: Citizens Housing and Planning Council, Urban Pathways, and the New York City Housing Partnership.
What Does the Upcoming Presidential Election Mean for HUD?
An op-ed explains the significance of the 2016 presidential election for the political clout of the Department of Housing and Urban Development. Those supporting the agenda of HUD, according to this argument, should be wary of a Republican victory.
Bankruptcy in Detroit—The Tip of the Iceberg
One of the scariest things about Detroit's bankruptcy proceedings is that the fiscal choices that city made has been repeated in many other cities.
Affordable, Mid-Term, Housing for All
A proposal to limit the amount of time low-income families can live in affordable housing.
Bricks or Bullets? Obama Chooses Defense Over Housing
The federal government has largely abdicated its responsibility to build affordable housing. Nowhere is that more clear than in the comparison between President Obama's proposed $6 billion to HUD for housing production and $626 billion for defense.
Affordable Housing in New York City—What’s Next
New York City Mayor Bill de Blasio has set a lofty goal of creating or preserving 200,000 units of affordable housing in New York City. How can the mayor's team deliver on that promise?