The Wisconsin firm started construction on 776 affordable housing units in 2016, rising to No. 10 on the AHF 50 developers list.
Once upon a time, Gary Gorman was an attorney, representing developers and syndicators.
There he was, seeing and touching the affordable housing business from up close. It was right there in front of him, but it still wasn’t close enough to suit him.
Deciding he’d “rather be a player than a referee,” Gorman launched his own affordable housing company in 1984. In the 33 years since its formation, Gorman & Co. has become one of the nation’s top affordable housing developers.
The company has come a long way since its first development, a 24-unit project called Seminary Park Apartments in the little town of Evansville, Wis., which it still owns. “It had about four different layers of financing, and I think I made $1.50 an hour,” Gorman says......more
Ken Notes: I remain a huge Gary Gorman fan...This is a GREAT READ!!!
- - Volume: 5 - WEEK: 15 Date: 4/13/2017 8:28:52 AM -