Bringing leaders in the field from the public, private and nonprofit sectors together around the goal of building the pipeline of minority developers in Chicago
The Chicago Emerging Minority Developer Initiative (CEMDI) is working to advance equitable development and inclusive growth by building a pipeline of community-focused developers from African-American, Latinx and other minority communities to participate in commercial real estate development projects city-wide. The summit brought together leaders in the field from the public, private, and nonprofit sectors to discuss current initiatives and future opportunities to advance this important goal.
CEMDI SUMMIT FULL VIDEO
Collaboration is keY Panelists
From left to right:
Maurice Cox, Commissioner, City of Chicago Department of Planning and Development
Michael Davidson, Senior Director of Community Impact, The Chicago Community Trust
Collete English Dixon, Executive Director, Marshall Bennett Institute of Real Estate, Roosevelt University
Calvin Holmes, President, Chicago Community Loan Fund
Rob Rose, Executive Director, Cook County Land Bank Authority
Moderated by Leon Walker, Managing Partner, DL3 Realty
Celebrated for his experience merging architecture, design and politics through multiple public, private and elected positions, Cox is responsible for leading DPD’s economic development, planning and zoning functions while fostering community-improvement initiatives throughout the city. His primary focus is under-invested neighborhoods on the South and West sides.
In his previous capacity as director of planning and development for the City of Detroit, Cox created a new, resident-centered planning and development department and led innovative urban planning and revitalization strategies that championed the equitable redevelopment of neighborhoods that fostered population growth and new mixed-use, mixed-income investment.
Creating Joint Ventures That Work Panelists
From left to right:
Mike Drew, Founding Principal, Structured Development
Charlton Hamer, Senior Vice President, Habitat Affordable Group
Denise Lewis, Retired Senior Partner, Urban Redevelopment Practice Group, Honigman LLC
Sarah Wick, Vice President, Affordable Housing, Related Midwest
Moderated by Gwendolyn Hatten Butler, President and Chief Investment Officer, Capri Investment Group
As a founding principal of Structured Development, LLC, J. Michael Drew has been engaged in the real estate development and construction management business for nearly 40 years. Michael matriculated at the University of Illinois where he studied Business Administration and Architecture. Over 25 years as a general contractor, Michael has had extensive experience in all phases of the construction process, especially scheduling of labor forces and subcontractors and comparative purchasing of material and equipment. Michael represented the Builders Association of Greater Chicago on the City’s Minority Relations Committee, served on the recent Land Use Task Force Committee, and is a long term member of the International Council of Shopping Centers, Urban Land Institute, and Lambda Alpha International.
The anatomy of an affordable housing deal
Kristin Faust, Executive Director, Illinois Housing Development Authority
Kristin Faust is the Executive Director of the Illinois Housing Development Authority. As the state’s chief affordable housing official, Executive Director Faust provides leadership in state housing policy to advance IHDA’s mission of financing the creation and preservation of affordable housing throughout Illinois. She is also a member of the Federal Home Loan Bank of Chicago Community Investment Advisory Council where she advises the FHLBC on ways in which it can better carry out its housing finance and community investment missions in Illinois.
Prior to joining IHDA, Executive Director Faust served as President of Neighborhood Housing Services of Chicago (NHS), a community development organization committed to helping homeowners and strengthening neighborhoods. As President, Ms. Faust’s strong leadership and holistic vision helped spur community revitalization by creating homeownership opportunities for those most vulnerable, improving not only their lives, but their neighborhoods as well.
Before joining NHS, Faust was Chief Credit Officer and Director of Lending & Network Services at Partners for the Common Good. In that role, she was responsible for the growth and oversight of the domestic and international loan portfolio. In addition, Executive Director Faust served as president of the Enterprise Community Loan Fund, one of the largest non-depository community development financial institutions in the country.
Earlier in her career, she spent 15 years in community development banking in Chicago, primarily with LaSalle National Bank, where she started the Community Development Lending Department. Her work in Chicago earned her distinction in Crain’s Chicago Business “Forty Under 40” list.
Ms. Faust is a graduate of Harvard University, where she obtained a Master in City and Regional Planning and Brown University, where she holds a Bachelor of Arts in Political Science and Philosophy.