The Past, Present, and Future of Affordable Housing, with Edward Poteat

Edward Poteat is a born-and-raised, New York-based affordable housing advocate, activist, and developer. He is the founder and President of Carthage Advisors (LLC), a leading creator of workforce and affordable housing across the Tri-State and New York City region, working to expand access to quality affordable housing and economic opportunity. Ed, who named his development firm after the city from which the famed general Hannibal hailed, is focused on addressing the long-standing inequities that have disproportionately impacted Black and Brown communities by leveraging the power of the private market to deliver meaningful, lasting change. A Yale graduate and author, he is also an Adjunct Professor at Columbia University’s Graduate School of Architecture, Planning and Preservation (GSAPP), where he teaches graduate courses on affordable housing finance, development, and policy. On this episode of Good Standing, we discuss New York City's debt problems and how Mayor Mamdani could further solve New York's housing issues. General topics are addressed herein, but also, the minutia and often tricky nuance required to bridge complex conversations between what it means to have true empathy for struggling New Yorkers (systemically and/or due to contemporary market forces) and the urgent need to keep NYC from spiraling deeper into debt. From the Marcus Garvey Village project, a massive, recently developed Carthage Advisors endeavor in Harlem, to what Ed would do if afforded a blank check for affordable housing anywhere in the city, this is a brisk primer, courtesy of a real, hands-on expert, for anyone interested in housing in New York City, past, present and future.