Building something with momentum and action can create something really powerful. Evan Holladay is the President and CEO of Holladay Ventures. They are focused on multi-family affordable workforce housing deals in the Southeast US. Evan has sourced and developed over $237 million, helping create 1300+ units of new affordable housing. He’s worked in innovative financing – introducing and utilizing the first PILOT (Payment In Lieu Of Taxes) in many jurisdictions, utilizing Renewable Energy Credits with LIHTC, and working with HOME, CDBG, Project-Based Vouchers. Evan is an advocate for affordable housing and was recently featured in the book CRA at Forty: Views on the Present and Future of Community Reinvestment. He is also the host of the Monumental Podcast.
Let’s get right into it and learn how Evan marries impact with income, and how he builds momentum by helping others.
Getting to know Paul Moore - [00:01 – 06:23]
I introduce Evan Holladay
How Evan got into real estate and became passionate about making an impact
From property management to entrepreneurship
Helping put people back to work
Building Holladay Ventures and the podcast
How to Make an Impact with Your Income - [06:24 – 22:19]
How Evan worked through the last crash
Recovering from the heartburn
Getting people their jobs back
The ins and outs of property development
The usual kind of deal flow
The challenges of supply and demand
Negotiating pricing with equity
The different types of investors
How the money comes back around
How the properties are operated
Build and hold developing
Final Questions- [22:15 - 28:44]
What is your superpower?
Getting above the clouds
What is your biggest failure?
Not believing in myself early on
Where to find more of Evan
How Evan is impacting the world
“Building something with momentum and action can create something really powerful.” - Evan Holladay
“We’re using a public good and creating a public good but using privately financed sources… being able to create something that really creates impact for our residents.” - Evan Holladay
Join the MFIN Summit and use our promo code: QUATTRO
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth!
Click here to find out more about the host, Chad Sutton.