Join us for the LAIGW December 15 Meeting, where we'll be discussing the need for affordable housing in the National Capital Region and the complexity of financing projects.
Developing and operating high quality affordable housing is one of our most pressing needs locally and nationally. Affordable housing projects operate on very thin margins and are the most complicated and difficult asset class to finance. LAIGW’s December meeting will provide an overview of the magnitude of the problem and look at the mechanics of how two companies that develop affordable housing are getting their projects financed.
Speakers include Adam Ducker, CEO of RCLCO; Steve Wilson, President of SCG. Development a for profit developer active in a wide range of markets and Carmen Romero, CEO OF APAH, an innovative not for profit active in the Capital Region.
Stephen P. Wilson, President, SCG Development and Member of the Investment Committee and Board of Directors. A founding member and owner of SCG Development and its affiliated company Stratford Capital Group, Steve is responsible for the management and oversight of the company’s property development activities and is committed to providing high quality affordable and workforce housing to support healthy, diverse communities. The companies have participated in the capitalization and development of over 290 properties comprising 35,000 apartment units across forty-five states. SCG Development has active projects in twelve states and maintains offices in Tysons, Virginia and Peabody, Massachusetts.
Steve is a frequent panelist at housing industry events and guest lecturer at various colleges and universities. He is a graduate of the University of Richmond with a Bachelor’s of Science degree in Finance and holds an MBA from The George Washington University. Steve is a 35-year resident of Northern Virginia and currently lives in Vienna with his wife, three kids and an energetic dog.
Carmen Romero -CEO & President of APAH (Arlington Partnership for Affordable Housing). Ms. Romero joined the organization in 2011 and has spent the last decade overseeing the real estate team contributing to the creation or preservation of over 1,500 new affordable housing units in the DC region with additional developments underway today in Arlington, Fairfax, Loudoun, and Montgomery county. Prior to joining APAH in 2011, Ms. Romero was a Director of Real Estate Development and Public Private Partnerships at Clark Construction. She began her career at Marriott International.Ms. Romero received her MBA in Finance from the Wharton School of Business and an undergraduate degree from Georgetown University. She is a former Board Member of the Arlington County Industrial Development Authority and is a current board member of the Columbia Pike Revitalization Organization, ULI’s Affordable/Workforce Housing Council, and a member of the VHDA Multi-Family Advisory Council.
Adam Ducker is Chief Executive Officer of RCLCO and oversees the firm’s Real Estate Economics and Management Consulting practices. Adam joined RCLCO in the mid-1990s as an associate directly after graduate school and learned the trade with the firm. He is a recognized expert in planning for organizational growth and talent management, capital strategy, investment analysis, market and financial analysis, and marketing of real estate assets. He has particular depth of expertise in high-density housing, retail/entertainment, and hotel/resort development.
Adam is a member of the Executive Committee of RCLCO, which manages shared resources and oversees overall company strategy. He also sits on the board of the RCLCO Foundation.
Adam is a frequent speaker on topics ranging from place-making, urban redevelopment, retail trends, and in-town housing. His writing has been widely published and quoted in publications such as The New York Times, The Wall Street Journal, Urban Land, Real Assets, among others. He is an active member of the Urban Land Institute (ULI), vice chair of the Redevelopment and Reuse Council, and a board member of the Terwilliger Center for Housing. A native of the New York metropolitan area, Adam received Bachelor’s and Master’s degrees from Columbia University.