Share

cover art for Kwame Gray & Rhakeim Miller: NOAH Investors

Jumpstart Philly Real Estate Radio Show

Kwame Gray & Rhakeim Miller: NOAH Investors

Season 1, Ep. 29

J. Kwame Gray and Rhakeim Miller are neighbors and friends who became business partners and investors in a Philadelphia real estate LLC called Ross Street Investments.


Both of them are Jumpstart Germantown alumni and in this interview they talk about their investment philosophy and outlook when it comes to real estate development. They are both proponents of NOAH (naturally occurring affordable housing) investing and explain why it's so important to them to provide safe, comfortable, modern, affordable homes for their tenants.


On the National Association of Affordable Lenders' website NOAH is described as an often overlooked strategy that can preserve existing housing found in urban and older suburban neighborhoods in danger of decline or gentrification.


"Now called middle neighborhoods, these neither high-poverty nor affluent areas are the remnants of a vast number of one-time working-class and middle-class communities," says the article entitled Naturally Occurring Affordable Housing is Hiding in Plain Sight. "As we think about future housing policy, we need to be careful that we don’t focus so much on increasing production of new housing—important as that is—that we lose sight of a vast resource of affordable housing hiding in plain sight that can be preserved for the long-term for a modest fraction of the cost of building new."


Find Kwame and Rhakeim on Instagram: @Ross.Street.Investments

More episodes

View all episodes

  • 87. JUMPinar: Project Feasibility

    51:01
    During this JUMPinar, we’ll discuss how to determine whether your plan for a rehab project is truly realistic. Using information gathered from walk throughs, feasibility studies, and discussions with contractors - you can protect the investment and feel confident that your ideas are possible. We’ll also touch on technologies that are available for developers which assist with determining feasibility. Join design experts Jeffy Thomas and Mark Wallace from KORE Design for this educational conversation
  • 86. Sara Poindexter & Brett Feldman: Landscape Architecture, Design and Zoning

    48:09
    This JUMPinar featured a discussion with Sara Poindexter (Principal Engineer with Studio Sustena) and Brett Feldman (Attorney with Klehr Harrison Harvey Branzburg LLP) about the significance of landscape zoning laws and their historical context in Philadelphia. After listening to this episode, you will understand the thresholds of landscape improvement that require special zoning approval, when to engage a zoning attorney, and how to navigate the City’s provisions to achieve your individual mission as a developer.
  • 85. Stephen Arrivello: Commercial Rehab Financing

    57:42
    If your goal is to make the leap from residential to commercial real estate development, it is crucial to understand the differences in underwriting and terminology that you will encounter when seeking financing. Commercial projects will be subject to more scrutiny, and lenders may offer less favorable terms. Knowing the ins and outs of commercial financing will prepare you for discussions with lenders and benefit your ability to assess a project's feasibility. Thanks for listening to this recorded JUMPinar with Stephen Arrivello, President of Axcel Capital Group!
  • 80. Mike Stanton: Creating Your Development Team

    49:32
    Mike Stanton, project development manager at The HOW Group, joins us to discuss how Jumpstarters can create a development team and gather reliable individuals to help you complete projects. We talk about contractor selection, maintaining relationships with partners, and the soft costs associated with a rehab project.
  • 79. Micah Gold-Markel: Using Solar in Residential Development

    42:16
    Thank you for listening! Jumpstart Germantown Training Program: jumpstartgermantown.comJumpstart loan programs: jumpstartphilly.com/loans