has a 30+ year career in real estate with particular
emphasis in the areas of managing, developing
and financing low and moderate income apartment
communities. Utilizing a wide range of financing
techniques, he has developed over 125 million
dollars of affordable rental housing. Mr. Carr
has also been very involved in raising capital
for the housing industry. He was active in establishing
and directing the North Carolina Housing Finance
Agency (NCHFA) having served
for 15 years on that agency’s board of directors
and as a member of the executive committee and
chairman of the multi-family operations committee.
He co-founded the real estate syndication firm,
Carr-Weaver Securities Corporation, a private
firm that raised over 35 million dollars of equity
capital for rural rental housing properties developed
under the Department of Agriculture’s Section
515 program. Mr. Carr’s
management firm, Beacon Management Corporation
was founded in 1979 and this corporation now holds
management and/or ownership roles in some 20 apartment
communities throughout North and South Carolina.
The company also manages a commercial shopping
center and a large senior citizen housing complex
in Connecticut. These communities include conventional
housing, mixed income and tax credit properties,
substantially rehabilitated historic and non-historic
properties and other affordable housing communities
developed and assisted under a variety of city,
state, and federal programs. Mr. Carr remains
very active with his development and management
work and continues to serve as Beacon’s
chief executive.
 Acting
through the entities which he has served, Mr.
Carr has been a highly successful competitor in
the affordable housing arena for many, many years.
During his tenure at the Greater Greensboro Housing
Foundation his development work resulted in the
construction of some 15 affordable housing communities
and these included virtually the entire HUD program
funds provided to Greensboro under Section 202,
Section 236, and Section 8 programs.
His work has included serving senior citizens
and special populations such as the Bell House,
a first of its kind community exclusively designed
for cerebral palsied young adults. Designing and
adapting buildings under Section 504 to serve
handicapped and disabled households has long been
a part of his work. Secretary Cuomo of the US
Department of Housing and Urban Development has
presented and awarded to Mr. Carr its highest
award of performance for three of his properties.
At the state level, Mr. Carr’s tax credit
properties’ applications have consistently
enjoyed high rankings. Working in a very competitive
market for securing limited federal and state
resources, he has been awarded just under 90%
of the tax credit communities he has sought to
develop. Mr. Carr’s properties have been
financially successful and continue to provide
valued, affordable housing in their respective
communities.
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