Posted on 06/17/2009 1:18:28 AM PDT by FromLori
Former Freddie Mac national director of Expanding Markets, Vaughn Irons, is now CEO of APD Solutions, a firm established to provide capital support for socially responsible investing.
The capital will be made available from Waterfall Asset Management’s billion dollar portfolio, according to a release on the matter. While APD is a business, it is rooted in activities more closely associated with charities; it’s aims are to “revitalize communities” hardest hit by the economic recession in an effort to “jump start” housing activity.
Waterfall is a high-yield asset-backed securities and non-performing residential mortgage loan investment adviser with $1.1bn under management.
“The current housing industry crisis has created the residual negative effect of eroding support for housing programs in targeted markets and underserved households,” said Irons.
“There needs to be an ongoing commitment to providing working families a safe path to responsible housing choices,” he adds. “One of our goals is to provide strategic counsel and real estate expertise to those local governments, and organizations that have secured federal funding through the Neighborhood Stabilization Program.”
In order to actualize this so-called stabilization program, APD Solutions is using a two-fold business strategy. According to the firm, the first tenet is to provide strategic management services and assist with the implementation of revitalization efforts in stricken areas nationwide. Secondarily, it will provide comprehensive real estate services to institutional investors, local governments, banks, and community stakeholders.
APDS services include asset management, property acquisition, real estate disposition, due diligence and valuation, and property management services. Combined with the overarching advisory and technical assistance capabilities, APDS is offering a one-stop turn-key solution for their clients and is headquartered in Atlanta, with other offices in Chicago, Dallas, Jacksonville and San Francisco.
The Boston Globe building could be a stimulus project to be re-hab for the homeless.
Maybe This Old House could do the project? (it’s local and PBS)
I’d bet that Howie Carr would be there. (Mike Barnicle, probably not)
Obama's "community organizing" left Chicago neighborhoods in ruins.
Grim proving ground for Obama's housing policy"About 99 of the units are vacant, many rendered uninhabitable by unfixed problems, such as collapsed roofs and fire damage. Mice scamper through the halls. Battered mailboxes hang open. Sewage backs up into kitchen sinks. In 2006, federal inspectors graded the condition of the complex an 11 on a 100-point scale - a score so bad the buildings now face demolition."
Exactly like this one too!
Sounds like a good place to park money you want to loose.
The libs were told who this goon was by their own favorite press. I don't think liberals bother to read anything.
Your welcome I agree they don’t read anything they do not want to hear and a new study just showed conservatives read more and are more open minded.
Amazing! But not surprising. Thank you again for another good link.
this reads like satire. its something you’d expect to have read 2 years ago,not now,not after everything we’ve been through.
Expect housing foreclosures to increase in frequency up till about 2013....opps, kind of puts a significant dent in that “socially responsible” housing....
“Socially responsible” is fiscally irresponsible. That’s what broke the bank in the first place.
So an ex-Freddie Mac guy is making money off of Federal funds. Who would have thought it?
“Socially responsible” is just another term for “controlling individual freedom”.
That’s all this is about - the left DESPISES the idea of free individuals making their own choices about their lives. So do Islamists. That’s why the left sides with them.
I think you’re right.
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