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McCormack Baron Salazar is one of the leading for-profit U.S. real estate development firms specializing in economically integrated urban neighborhoods〔(Top 50 Affordable Housing Developers ), Affordable Housing Finance Magazine, April/May 2009.〕 with more than $2.45 billion invested in affordable and mixed-income housing projects. A diversified business, McCormack Baron Salazar provides development as well as ongoing property management services, development financing and tax credit services, and residential clean power programs. Based in St. Louis, MO, McCormack Baron Salazar was ranked by Affordable Finance Magazine in 2011 among the top five affordable housing owners in the country. 〔(Top 50 Affordable Housing Owners ), Affordable Housing Finance Magazine, April/May 2009.〕 ==History== McCormack Baron & Associates was founded in 1973 by Richard Baron, a public interest and civil rights attorney representing public housing tenants in St. Louis and Terrence “Terry” McCormack, former homebuilder and consultant to labor unions who were interested in developing elderly housing for union members. Baron was representing tenants in a public housing rent strike and McCormack was working with the local Teamsters as part of a coalition called in to help resolve the conflict.〔(HUD Pruitt homes & Igoe apartments ), St. Louis Housing Authority Report, September 1974. 〕 McCormack and Baron saw the opportunity of redeveloping inner city neighborhoods. In contrast to large-scale urban renewal projects, early McCormack Baron developments focused on small, single site, mixed income rental properties with access to schools, services and local economic opportunities for residents. 〔(Rebuilding a Neighborhood – Inside and Out ), Oberlin Alumni Magazine, August 1999.〕 Terry McCormack died in 1981 the same year his son Kevin, who was a vice president of a New York bank, joined the firm. In 1985 Tony Salazar〔 (Tony Salazar Executive Profile ), Forbes Magazine, January 2012.〕 joined the firm and in 2003, he became president of West Coast operations rebranding the firm McCormack Baron Salazar. 〔(Building a Better Way of Life in Inner-City Neighborhoods ), Urban Land Institute, October 22, 2004.〕 McCormack Baron Salazar developed a mixed finance, mixed income approach to urban revitalization and their early projects served as a model for the U.S. Department of Housing and Urban Development HOPE VI program. McCormack Baron Salazar developed the first HUD Hope VI pilot project at Centennial Place in Atlanta, GA. 〔(HOPE VI and Mixed-Finance Redevelopments: A Catalyst for Neighborhood Renewal ), Brookings Institution, September 2005.〕 Since that time, McCormack Baron Salazar has developed and manages more than 7,000 apartments in 29 HOPE VI developments.〔(Baron website )〕 In 2010 the Hope VI program was revamped as the “Choice Neighborhoods” program. McCormack Baron Salazar was awarded two of the first Choice Neighborhood implementation grants for the Eastern Bayview project in San Francisco 〔(FY10 NOFA/Funding Information ), U.S. Department of Housing and Urban Development website, accessed January 2012.〕 and for the Iberville/Treme project in New Orleans.〔(Choice Neighborhoods Project Summary ), U.S. Housing and Urban Development Agency, December 2011.〕 In 2009 McCormack Baron Salazar created the Sunwheel Energy Partners subsidiary to provide solar energy programs linked to affordable housing and urban development. Sunwheel installs solar panels on public, affordable and mixed income housing developments to help lower energy costs.〔(McCormack Baron forms energy firm ), St. Louis Business Journal, July 15, 2009.〕 The firm uses the federal New Markets Tax Credit Program to bring renewable energy components to affordable housing communities in St. Louis, New Orleans, Memphis and various cities in California.〔(McCormack Baron to use tax credits for solar power ), St. Louis Business Journal, November 8, 2009.〕 According to the Journal of Tax Credits, 2600 solar panels installed by McCormack Baron saved the St. Louis Housing Authority $40,000 a year in energy savings.〔( St. Louis Housing Authority installs more than 2600 solar panels ), Journal of Tax Credits, November 2011.〕 In 2010, the Urban Investment Group of the bank Goldman Sachs purchased a stake in McCormack Baron Salazar adding two Goldman representatives to the company’s board. Goldman Sachs had been an investment partner〔(McCormack Baron Salazar/ Goldman Sachs Urban Investment Group strategic partnership on rebuilding urban America ), Business Wire press release, May 10, 2010.〕 with McCormack Baron in the re-development of The C.J. Peete public housing site in New Orleans’ which had been destroyed by Hurricane Katrina. 〔(Goldman Sachs buys stake in McCormack Baron Salazar ), St. Louis Business Journal, May 16, 2010.〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「McCormack Baron Salazar」の詳細全文を読む スポンサード リンク
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