Karyntha Cadogan

Karyntha Cadogan

Karyntha Cadogan brings seven years of affordable housing development experience to Diamond and Associates. Most recently, Karyntha held a Development Officer position at Michaels Development Company (“Michaels”), a leading national affordable housing development company. At Michaels, Karyntha garnered a tremendous education and breadth of experience quickly managing deals from $8M to in excess of $20M between New Jersey and Mississippi. Karyntha’s deals encompassed a number of complexities including those associated with conceiving, underwriting, financing, constructing/rehabbing, leasing-up and managing. As a result of Michaels’ affiliation with strong firms in the arenas of property management, construction, tax credit syndication, and student housing development, Karyntha is able to assess many parties’ issues when tackling a problem.

Karyntha’s technical skillset is borne out of the experience she developed at Michaels. Over a 3½ year period, her portfolio included managing the redevelopment of a Housing Authority-owned 80-unit market rate scattered site development in Meridian, MS; overseeing the construction, lease-up and permanent NJHMFA loan conversion of a new 100-unit senior residence in Burlington, NJ with a nonprofit partner; leading the acquisition/rehabilitation of a 160-unit Section 8 PBV family development in Atlantic City, NJ already owned by Michaels; and obtaining Community Development Block Grant Disaster Recovery financing and a 9% Low Income Housing Tax Credit allocation from NJHMFA for redevelopment of a public housing site in Jersey City, NJ. Karyntha also obtained a grant from HUD to lead a 2-year Choice Neighborhood Planning process in Meridian, MS.

Before joining Michaels, Karyntha started her development career at a Philadelphia-based nonprofit, Women’s Community Revitalization Project (“WCRP”). At WCRP, Karyntha split her time between assisting the nonprofit’s development of affordable housing in North Philadelphia and consulting to other nonprofits interested in constructing and/or rehabbing daycare centers. While at WCRP, Karyntha prepared financing applications for Evelyn Sanders Phase II, the 30-unit second phase of a multifamily development serving extremely low income families in the Fairhill section of North Philadelphia. Financing obtained included a 9% Low Income Housing Tax Credit allocation award, a Federal Home Loan Bank of Pittsburgh Affordable Housing Program soft loan, a Community Development Block Grant soft loan, and a Housing Trust Fund award. On the development consulting side, Karyntha obtained the $1M+ total financing for the substantial rehabilitation of Lincoln Day Educational Center, one of Philadelphia’s oldest centers serving children from low income families. Financing obtained included grants from PHFA’s Early Learning Facilities Fund and the Nonprofit Finance Fund as well as owner financing. When not consulting one-on-one, Karyntha led countless educational seminars on development-related topics including Development 101, Site Selection, and Sharing Space.

Karyntha has a Bachelor's degree in Marketing and Psychology from Georgetown University and a Master's degree in Historic Preservation from Columbia University. Karyntha was named a 2011 Young Leader by Affordable Housing Finance.