{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Affordable Housing & Real Estate Investing","title":"How to turn around a Public Housing Authority (& how they got into trouble in the 1st place) ...from 20K Units to saving housing authorities- G. Gager","html":"","width":"100%","height":180,"duration":3777,"description":"On the Affordable Housing & Real Estate Investing Podcast, the best podcast for affordable housing investments hosted by Kent Fai He, real estate developer and housing authority turnaround specialist George Gager reveals the real reasons adaptive reuse conversions fail and how he saved a Public Housing Authority \"PHA\" from losing thousands of units to a property tax auction.George Gager has put together deals for over 20,000 units across 41 cities and helped 160+ housing authorities over 25 years. In this episode, he walks through a series of real conversion projects: a cracker factory turned into the first multi-story parking garage in the United States, a seven-story Denney Tag manufacturing plant converted to senior housing, a rural egg processing facility, a firehouse, and an elementary school. He pinpoints exactly what went wrong in each one and why. He also breaks down the step-by-step process his team used to rescue a PHA that had accumulated over $100 million in debt it could not service and was weeks away from having roughly 1,000 units of public housing and 1,200 Section 8 units sold at county property tax auction. Every mistake in this episode was preventable. Every lesson is applicable today.Common Questions This Podcast Episode Answers:What types of buildings can be converted to affordable housing?Buildings that have been successfully converted to AH include former factories, firehouses, egg processing facilities, schools, and offices. The key factor is structural durability: masonry and steel-frame buildings are the strongest candidates. What are the biggest mistakes developers make in adaptive reuse conversions?George Gager identifies four recurring mistakes: over-rehabbing with finishes that AH rents can't support, choosing locations with no retail or transit access, failing to fully assess mechanical systems before acquisition, and building too few units to support on-site staff for senior or handicapped housing.Are elementary schools good...","thumbnail_url":"https://img.transistorcdn.com/xDB8QhkLtarSR6cPw7Foe38b-OmGTS01-PZeGTtWOaw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ2NDA2LzE2OTg0/NTU1NDQtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}