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.
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AuthorHilt Tatum is CEO of Oxford Consulting Group - International business consulting Archives
December 2019
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