Carthage Advisors is a leading developer of workforce housing in the Tri-State/New York City Area. We have worked with a variety of clients and municipalities in New York, New Jersey and Connecticut to produce workforce and supportive housing development that improve communities and generate much needed economic development activity. Since our inception in 1999, Carthage has developed or is the planning stages to develop more than 1500 units of affordable housing with a total budget of nearly $350MM.
Carthage is adept at creating and preserving affordable housing through a triple bottom line approach. Our developments are profitable for investors, sensitive to the needs of the local community and environmentally sustainable. We help clients tackle projects by:
Performing financial underwriting to determine feasibility
Assisting with community outreach
Working with a capable team of design and technical professionals
Performing all construction management activities
Obtaining construction and permanent financing for projects.
Providing equity and working capital to projects.For our founder, Ed Poteat, Carthage is more than a company. It is a mission. He grew up in affordable housing in New York City and he intimately understands the impact of affordable housing on impoverished families. He initially began Carthage to address the shortcomings he saw in real estate development and affordable housing in his own community.
Meet Our Team