BCM Affordable Housing, Inc.
63 Chestnut Rd, Suite #7,
Paoli, PA 19301
Bachelor of Science degree in Business Administration with a double major in Finance and Real Estate from American University in 1984 where he was on the distinguished Dean’s List. In 1989, Mr. Morgan earned an MBA degree from the University of North Carolina at Chapel Hill with an emphasis in Real Estate and Finance.
From 1984 to 1989 Mr. Morgan Syndicated in excess of $126 million of residential real estate for Equity Programs Investment Corp. Mr. Morgan then went to work for FannieMae in its Mortgage-Backed Securities Division overseeing participating mortgage bankers. During this time he was named Employee of the Year. While earning an MBA, Mr. Morgan interned with Lomas Management, Inc. underwriting approximately $19 million of construction loans in the Southeastern United States.
In 1989 Mr. Morgan joined Amerimar Realty as an Assistant Vice President and was part of the development team which built the $160 million Rittenhouse Hotel and Condominium. Responsibilities included building out hotel and condominium units as well as the health club.
In 1992 Mr. Morgan became a Project Manager with Toll Brothers, Inc. He started up and built out a $25 million community including $1.2 million of site improvements with homes priced between $300,000 and $500,000. In 1994 Mr. Morgan formed Morgan Homes, which specialized in building and renovating custom homes. Between 1994 and 1995 he completed a $2.2 million custom residence as well as two renovations.
In June of 1995 Mr. Morgan joined The Ingerman Group as a Senior Project Manager to start the in-house construction company which specialized in both new construction and the renovation of residential projects in both Philadelphia and throughout the State of NJ. In 1999 he was promoted to Vice President of Operations overseeing the management operations of the company as well as initiating and overseeing affordable and market rate housing development activities. In 2001 his responsibilities no longer included day to day operations but specialized in finding new transactions, obtaining financing and land use approvals, working with local, county and state officials, selecting and overseeing the architectural, engineering and design processes, shepherding the project through closing, construction and ultimately management. Between 2001 and 2006 Mr. Morgan was responsible for the development and completion of 6 transactions totaling 370 units with total development costs exceeding $73.8 million along with an additional 5 transactions totaling 319 units with total development costs exceeding $74 million which are in the process of being financed and/or constructed.
In January 2007 Mr. Morgan formed BCM Affordable Housing, Inc. to pursue inner-city residential development opportunities, affordable and market rate, rental and for sale and to consult for community development corporations in the Mid Atlantic Region.