Veteran Real Estate Executive On Board As Senior Vice President
With an eye on accelerating affordable home production in Central Ohio, Homeport has hired Jim Baugh to be its new Senior Vice President of Real Estate.
Baugh brings nearly two decades of experience in overseeing development of multi-family dwellings and finding investors and investment dollars.
“Jim is an excellent match for Homeport as we strive to close the gap on affordable homes in Central Ohio,” said Homeport President & CEO Bruce Luecke.
The Affordable Housing Alliance of Central Ohio (AHACO) has estimated 54,000 Central Ohio residents are in need of affordable housing.
From 2005 to 2011, Baugh was Vice President, Multifamily Acquisitions and Development, for National Church Residences, the largest non-profit owner of senior affordable housing in the United States. The last five years, Baugh has worked for Riverside Capital and National Equity Fund. Each company sources funding for Low Income Housing Tax Credit developments (LIHTC), the method of financing Homeport has traditionally used for building.
Because Ohio, like every state, has a ceiling on LIHTC funding, Baugh believes Homeport might look beyond traditional affordable housing mechanisms to fill the affordable housing gap, to work even more with partners to grow the number of single family homes or multi-family apartments it is building annually.
From 2012 through 2016, Homeport has been adding an average of 76 rental apartments or single-family homes per year to its portfolio.
“Homeport wants to be a real estate company, first and foremost,” Baugh said.
The demand for affordable apartments and single-family homes has only grown as Central Ohio’s desirability has grown the area’s population, he said.
Entering its 30th year, Homeport has over 5,700 residents in more than 30 apartment and single-family home communities. It helps residents with out of school programming, access to basic needs like food and furniture as well as emergency financial assistance for rent or utilities. Homeport is also a leading provider of homebuyer education, financial fitness classes and individual counseling.
Baugh has an M.B.A (Finance) from the University of Dayton and a Bachelor’s of Arts degree (Economics) from The Ohio State University.