Kirk Goodrich: Transformative Development: A New Lens to Evaluate the Impact of Real Estate Projects

Large brick building, 5 stories high with concrete molding NYC with a street view.

Public School 186 apartments in Harlem, NY. image/ provided by Monadnock Development LLC

Abstract:

Whether you are creating a massive market-rate residential project, a large mixed-use development, affordable housing, or almost any other kind of development, developers typically attempt to gather support from community stakeholders, elected officials, and government agencies by touting several familiar factors. The supposed advantages typically include job creation, increased housing supply and affordability, catalytic economic development, and a stronger tax base. This talk will highlight other less frequently touted but equally important outcomes. The talk will focus on three historic preservation projects in Harlem, New York, that became anchor institutions that transformed neighborhood revitalization.  

Bio:

Kirk Goodrich, B.S. '90, has more than 30 years of experience in the fields of community development, affordable housing finance, and real estate development.  Much of his experience was gained during an almost ten-year tenure overseeing the Low-Income Housing Tax Credit (LIHTC) syndication business for Enterprise Community Investment in the New York region.  During that period, 12,000 units were financed in the region with approximately $1 billion invested.  He currently serves as President at Monadnock Development LLC.  Over the last decade, Monadnock Development has acquired or developed 46 projects containing more than 9,000 units with total development costs in excess of $2.8 billion.

Education: 

  • Bachelor of Science Degree, Consumer Economics and Housing, Cornell University
  • Master of Urban Planning Degree, University of Illinois Urbana-Champaign
  • Juris Doctor Degree, Fordham University School of Law

Boards: 

  • Executive Committee of the Board — Citizens Housing & Planning Council (CHPC)
  • Chairman of Board — New York State Association for Affordable Housing (NYSAFAH)
  • Advisory Board — New York Housing Conference (NYHC)
  • Board Member — Metro IAF Community Restoration Fund, LLC
  • Board Member — Breaking Ground

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