Complexity Is the Norm Duncan Barrett Tackles Preservation Deals in Upstate New York
By Caitlin Jones
1 min read
Tax Credit Advisor, January 2012: For Upstate New York developer Duncan Barrett, Chief Operating Officer of Omni Housing Development LLC, tough housing deals are almost the norm.
The small outfit, which is based in Albany and aims to develop two to three projects a year, focuses heavily on the rehabilitation, recapitalization, and preservation of older government-assisted rental housing projects that are often in dire physical and financial condition.
“We’re devoted exclusively to the development, financing, management, and operation of affordable housing,” says Barrett, a one-time engineer who has run Omni Housing Development for more than a decade. The for-profit firm is an affiliate of Omni Development Company, Inc., a commercial real estate developer/ owner/manager of office buildings, hotels, and other properties. Read More…
