Seasoned venture capitalist Hilt Tatum IV, a co-founder and the president of iPoint Capital, handles the firm’s private equity and venture capital investments in Asia, Europe, the Caribbean, and South America. Hilt Tatum IV also heads Impact Housing Corporation, a real estate investment company with affordable housing projects in Santiago, Panama.
According to International Relocation Firm, a law office that provides Panama relocation services, the City of Santiago is among the cheapest cities to live in Panama. A mid-sized city located in Panama’s central west region, Santiago is a commercial and transportation hub. It serves as an essential connection between the City of David and Panama City. The cost of living in Santiago is relatively low and has affordable prices for daily essentials. For example, a regular family would need between $80 and $100 per month for food. The cost of rent for a one-bedroom housing unit is as low as $400 to $500 per month. Monthly electricity costs for households without air conditioning systems would cost around $25 to $30. Housing units with air conditioning systems will have to spend between $75 and $90 for electricity.
0 Comments
Based in Panama City, Hilt Tatum IV delivers global investment strategies through iPoint Capital Partners. Hilt Tatum IV also guides the modular construction developer Impact Housing Corporation, which has pursued various projects in Santiago, Panama, an expanding city in the central province of Veraguas.
One of Hilt Tatum IV’s successful undertakings has been Los Suenos De Santiago, which offers residences for $61,500 and up. With lots measuring at least 250 square meters in size, potential residents can pick from two home models. The base Sapphire model offers two bedrooms and a bath, while the Diamond model, priced from $70,000, has three bedrooms and two bathrooms. Amenities include durable, easy-to-clean ceramic baseboards and floors. Residents will enjoy the granite or similar material serving island in the kitchen, while the windows are French-style PVC or aluminum. Designed to withstand elements, the roof is made of galvanized metal and has a stroller structure. Each home resides in a convenient location with access to a recreation field and is only 10 minutes from the city center. A real estate and venture capital investment executive, Hilt Tatum IV guides several ventures including Oxford Consulting Group and iPoint Capital Partners. Additionally, Hilt Tatum IV is the founder of Impact Housing Corporation, a developer of affordable housing in Panama that features initiatives like Los Suenos De Santiago.
Los Suenos De Santiago is an affordable real estate project that is poised to augment housing affordability in Panama. At the inception of the project, the real estate development team at Impact Housing Corporation planned to offer 5,000 affordable homes through the project in Santiago de Veraguas. About 190 acres of land have been zoned for the development. In 2022, two different models of affordable homes are available in the location - the Saphire and Diamond models. Saphire model houses have two bedrooms, one bath, and parking for one vehicle. Diamond model houses have three bedrooms, two baths, and a parking space. Buyers can also benefit from the solidarity bonus offered by the Ministry of Housing. As of 2022, the bonus pays up to $10,000 toward the house’s price. Only affordable homes like the properties in Los Suenos De Santiago meet the criteria for bonus eligibility. Hilt Tatum IV maintains an active presence in the Panama City business community. He leads Impact Housing Corporation and the international investment firm iPoint Capital Partners as CEO. In the real estate sphere, Hilt Tatum IV focuses on developing housing in the Veraguas province through quality construction.
The commitment to quality relies on an innovative modular building system that standardizes the process. It also provides long-term assurance of structural integrity. The FORZA formwork system replaces traditional masonry blocks, which are labor-intensive and prone to error. Common issues include uneven flooring and window and doorframes that are not the exact size and dimensions required for fitting doors and panes. Impact Housing’s custom-built homes start with concrete castings made from prefabricated aluminum molds. The pumped-in concrete is carefully smoothed and set overnight. By the next day, the concrete is ready to be removed, and the new home framework pours start. Impact Housing has met ambitious development goals through this approach while providing peace of mind to prospective buyers. One of the founding partners, a board member, and the group president of iPoint Capital, Hilt Tatum IV, oversees day-to-day operations. He spots and analyzes investment opportunities in venture capital and private equity. Hilt Tatum IV also serves Impact Housing Corporation as CEO. Impact Housing Corporation produces affordable homes in Panama – homes that are eligible for the Solidarity Housing Fund.
Providing its residents with social housing is one of the most significant challenges faced by the government of Panama. Housing is such a priority that the government included it as a substantial part of the Strategic Government Plan 2015-19. This initiative will use incentives and private sector partnerships to construct 125,000 homes. One incentive program under this scheme is the Solidarity Housing Fund (Fondo Solidario de Vivenda or FSV). Under the FSV, the government will cover up to 20 percent of the home’s value. Households with a family income below $1,200 per month become eligible for an incentive under the FSV amounting to $10,000 for a home costing $50,000. An approved home mortgage will cover the remaining $40,000 at a zero percent interest rate. The housing unit must be the family’s first home and constructed in an area not larger than 50 square meters. The FSV is under the oversight of the Ministry of Housing and Land Management (Ministerio de Vivenda y Ordenamiento Territorial or MIVIOT). An alumnus of the London Business School, Hilt Tatum IV is an entrepreneur with international working experience. Under the guidance of Hilt Tatum IV, Impact Housing Corporation has constructed multiple affordable housing projects.
As affordable housing becomes more popular, governments are looking for creative ways to support affordable housing initiatives. For instance, governments can seek public-private partnerships that allow them to engage companies keen on investment opportunities with a social impact. Through public-private partnerships, moderate-income professionals such as nurses, teachers, and police officers can afford housing in expensive areas. Governments can focus on lifting borrowing restrictions that hinder local authorities from accessing enough funds to support affordable housing initiatives. In some cases, there are local authorities whose debt ceiling prohibits them from borrowing funds, including financing to construct replacement homes. Local authorities can optimize their financial structures by relaxing debt ceilings to build more affordable housing units. Governments can also embrace technology to facilitate better information-sharing. Since affordable housing projects require coordination from multiple agencies and departments, it becomes challenging for authorities to make quick and informed decisions on critical matters. This causes significant delays that affect delivery timelines. However, cities can effectively manage and analyze affordable housing information with systems such as Enterprise Resource Planning (ERP) - software that manages critical aspects of a business, such as planning and operations. Based in Panama City, Hilt Tatum IV leads iPoint Capital Partners and is also at the helm of the dynamic construction firm Impact Housing Corporation. Focused on the growing city of Santiago in Veraguas province, Hilt Tatum IV has overseen a trio of developments that added more than 5,000 units to the local housing stock.
The Suenos De Santiago project features quality single-family residences, with lots starting at 250 square meters. The development features two distinct models, Sapphire and Diamond, only a few minutes from the center of Santiago and a bus stop on-site. Sapphire homes start in the $60,000 range and offer two bedrooms and one bathroom, while the Diamond model starts at $70,000 and offers an additional bedroom. Desirable features include ceilings with a sturdy metallic structure and roofs constructed of galvanized metal. Reinforced concrete casting using FORZA formwork is complemented by French-style sliding PVC and aluminum windows. All floors and baseboards are made of a durable, easy-to-manage ceramic material that families will appreciate over the years. Hilt Tatum IV is a longtime Panama business executive who leads investment-focused iPoint Capital Partners and also guides Impact Housing Corporation. With the latter firm, Hilt Tatum IV directs development projects that meet a market need for quality residences in safe, affordable suburban neighborhoods.
La Reserva de Santiago features 300-square-meter lots that comfortably accommodate single-family homes. Ceilings are double height in the dining room and living room, adding a sense of spaciousness. With base prices under $100,000, the homes come in two- and three-bedroom configurations. The layouts incorporate front and back yards, and feature a parking space for family vehicles. La Reserva has a convenient location in Veraguas province in central Panama, only 10 minutes outside of the city of Santiago proper. Recreational destinations across the region include the surfer-friendly beaches of Santa Catalina on the Pacific Ocean, as well as the mountains around Santa Fe, and even coastline on the Caribbean side of the narrow country. Panama-based iPoint Capital Partners CEO Hilt Tatum IV is an experienced businessman who has successfully pursued real estate prospects in six continents, including Europe, Asia, South America, and Africa. Under his stewardship as the head of Impact Housing Corporation in Panama, Hilt Tatum IV has overseen the development of housing projects such as the La Reserva de Santiago.
La Reserva de Santiago is located 10 minutes from downtown Santiago in Veraguas province. It has lots of 300 square meters with several housing units. The houses are single-family homes with Prices starting at $92,500 for two bedrooms/1b to $103,000 for 3 bedrooms/2b. There are one, two, and three bedrooms housing units with double-height ceilings in both living and dining rooms. La Reserva de Santiago was an initiative by Impact Housing Corporations to build beautiful residential homes for families and communities in Santiago, Panama. The company's commitment to this project was to provide clients with affordable living places within safety, quality, and comfort standards. One distinctive feature of these homes is that they are built with good finishing, making them look beautiful and elegant. A house built in such a way is a joy to the homeowner and a pride to the community. Since 2006, Hilt Tatum IV, a real estate and technology investor, has served as a president and partner of iPoint Capital Partners. Hilt Tatum IV is a lead partner in various intellectual property and real estate development companies changing the lives of the local communities through investing in affordable housing projects.
Impact Housing Corporation is a Panama-based real estate development company that intends to commit $250 million to build 5,000 affordable homes over the next decade. This plan calls for developing homes in three projects, i.e., Suenos de Santiago, La Reserva, and Los Suenos de Sona. The first project began in 2013, and the last project is expected to be completed by 2024. By its completion, local communities will have benefitted in many ways. One-way affordable housing will benefit the locals is by allowing them to have the necessities of life. With affordable housing, families can put nutritious food on the table and have increased spending power on healthcare and education. Communities can also benefit from affordable housing through increased hiring and revenue generation through tax. More affordable housing projects mean more jobs for property managers, security staff, and leasing agents. It also means more tax income generated to support and fund community projects. |
AuthorHilt Tatum is CEO of Oxford Consulting Group - International business consulting Archives
December 2019
Categories
All
|