CREATING SUCCESSFUL COMMUNITIES
Housing costs vary greatly across the United States, but a serious lack of affordable housing affects low-income and low-wage workers in every corner of the country. According to the National Housing Trust Fund, in order to close the gap between the swollen demand for affordable housing and the limited supply, the U.S. would need to add 4.5 million units affordable to extremely low income households.
At first blush, that sounds like a daunting task. But, “with funding and creativity, anything is possible,” Thomas E. Nutt-Powell, owner of Capital Needs Unlimited, told “The Suit.”
Based in Brookline, MA, Capital Needs Unlimited is a consortium of national planning and development experts dedicated to providing fully-integrated long-term community solutions. Working hand-in-hand with clients, Capital Needs Unlimited assists in the areas of community development, housing and community transformation, leveraged financing, mixed income communities, capital needs assessment and asset management.
The highly specialized and acclaimed Nutt-Powell is a nationally renowned planning professional with nearly three decades of experience in the public, assisted and conventional housing markets. Nutt-Powell has served on the faculty of MIT’s prestigious School of Architecture and Planning, where he headed the Master in City Planning program. He also directed the Manufactured Housing Research Program of the Harvard-MIT Joint Center for Urban Studies. In addition, Nutt-Powell has worked with agencies in some of the country’s most devastated housing markets including Detroit, Las Vegas, Pittsburgh, Atlanta, Chicago, Washington, DC, Boston, Phoenix and East St. Louis.
Nutt-Powell explained, “I like providing practical and sustainable solutions today for tomorrow’s pressing housing needs. The key is to get the community to work together to support quality, healthy neighborhoods with a range of housing options so that families of all income levels have an opportunity to thrive. But our job doesn’t stop there. Also important is to help people transition from renters to home-owners. Many have no idea how to handle things like a dripping faucet or running toilet.”
With so much left to do and so many ideas still to share, the accomplished Nutt-Powell, says his greatest success is yet to come.
We all have to live somewhere. Thanks to Nutt-Powell, scores of people now actually do have somewhere nice to live that they can afford.