Edward Poteat is a leading developer of affordable housing in the New York City
metropolitan area. Currently, Mr. Poteat is the Founder and President of Carthage
Advisors, an affordable housing real estate firm that specializes in the redevelopment of
older government subsidized properties. Carthage has more than 700 units in various
stages of development and is actively pursuing other projects. The firm has exceptional
expertise with devising sophisticated financial structures to rehabilitate existing
affordable housing structures.
Mr. Poteat began his career as an Urban Fellow with New York State Empire State
Development Corporation. He also spent three years as a loan officer in the Chase
Community Development Corporation. In the late 90’s, Mr. Poteat co-founded Horsford
and Poteat Realty. By 2010, the firm developed 1,000 units of affordable housing in
New York City. The firm developed a variety of projects including:
- The renovation of 225 Units in Central Harlem
- 50 for sale homes in Brooklyn
- The cooperative conversion of a failed 160 unit Mitchell-Lama in Harlem; and
- 74 unit luxury condo-op development on a formerly church owned site
Mr. Poteat is an Adjunct Professor in the Real Estate Development Program at Columbia GSAPP and author of several essays
and books, including The Fiscal Cliff, which discusses the plight of shrinking cities and the economic problems
these cities face.
Aside from development, Mr. Poteat holds or has held board membership or advisory
board membership with, Urban Pathways, Prep for Prep, the Citizen Housing Planning
Council, the New York City Housing Partnership, African American Real Estate
Professional of New York, Manhattan Community Board #10, and One Hundred Black
Men. He has lectured about affordable housing on numerous industry panels and at
several universities.
Poteat holds a B.A. from Yale University and an M.A. from Hunter College.