Assessment of a 3,000 Unit Portfolio for POP, Catholic Charities Brooklyn, NY

The affordable housing development arm of Catholic Charities of the Brooklyn Diocese, Progress of Peoples (POP), had suffered operating losses and was debating potential future structures and directions. The POP board decided to engage the Counselors of Real Estate (CRE) Consulting Corps to analyze the situation and provide direction. The team, including Jacqueline Buhn of AthenianRazak, reviewed the strategies, operations, and assets of the portfolio and management.

The team quickly surveyed the organization and assets and generated recommendations to POP. Our recommendations included improving accounting and reporting, board structure, and proactive planning for the portfolio with an eye toward opportunities in the current economic climate and real estate market.