Vernon Jay’s Post

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Community Developer | CEO at Equity Platforms | $180M+ in CRE Closed | Black Enterprise 40 Under 40

At Equity Platforms, we own and operate affordable housing assets that provide quality apartments for veterans, families coming from shelters, and senior citizens. For EACH unit that we market, we get an average of 30 - 50 applications within a week. THE DEMAND IS INSATIABLE, and to make matters worse, landlords across the country are increasingly rejecting tenants who have vouchers. With a shortage of 7 million apartments, there's simply not enough units. As an affordable housing operator, I'm able to see these challenges first hand, and after being in the trenches, I must say that I'm scared for what the future holds. The reality is that there is a national pandemic brewing, and we cannot rely wholly on the government to come to the rescue. No matter our socio-economic background, we can no longer sit on the sidelines as if this won't affect ALL OF US. It's time for communities to come together to be a part of the solution. Check out the CRE Report's newest article titled "Affordable Housing: America's Next Pandemic", which breaks down some of the challenges and viable options we have to tackle the problems head on. Beatriz Durant Jey Van-Sharp 🐺🌹 Michael McConnell Brian Phillips, Alexis Mena Shaun Pannell Roshaun Davis

Affordable Housing: America’s Next Pandemic

Affordable Housing: America’s Next Pandemic

https://cre.report

Alana Whitaker RN-BSN, RSaSP, PSM I, RPO

Scrum Master | Web3 Educator | Keynote Speaker | 2X Co-Founder | Chapter President BIT Jacksonville

1y

What are some considerations that we can take to be proactive?

Brian Phillips, CRS,CIPS,C2EX,AHWD,NYRS,ABR,SRS,SFR,CNE,

Leader 🦁, Advocate ✊🏾, NYC Realtor® 👨🏾💼🏠 serving Manhattan🗽and the surrounding markets 🌉

1y

Vernon J. your insights from the frontlines are extremely valuable and concerning. The overwhelming demand you observe at Equity Platforms highlights the severity of the issue and your emphasis on community involvement is crucial. As you've highlighted, while government initiatives are vital, grassroots efforts, community-driven solutions, and private sector collaboration are equally important.

Margo Masri

Fractional CFO | Advisory Accounting & Tax Planning Firm | Speaker

12mo

Very informative, it is so sad that demand cannot be met in a kind and humane way.

Jey V.

🤺Director Of Business Engineering: culture + strategy + tech for corporations & small businesses. ■ 🧠 Brain Trust: 18+ years providing strategy to superstars, entrepreneurs, artists, and executives.

12mo

Time for solutions — no more talk. This pandemic is The One where the most pain is, and as a result, all the Glory. Glory to the people. Great article.

Benita Pierce

Institutional Fixed Income Bond Trader

3mo

How does a blockchain work as it relates to affordable housing

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Michael McConnell

CEO of The Rebel Camp | Founding Board Member @ Equity Platforms | Co-Founder Uncle Waithley's Beverage Company | Black Ambition Prize Finalist 2023 🚀 | Connector 🔌

1y

Thank you for this 💪🏾

Mark E. Ballard, CPA

Driven financial manager with 20+ years of experience in financial operations, data visualization and process improvements. Expert in liaising with key stakeholders .

1y

😔

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