Sabrina Waytes: Decades-Long Leader in Affordable Housing and Community Development
Sabrina Waytes is an Asset Management Professional with over 20 years of experience in Affordable Housing and Community Development. She has worked for both non-profit and for-profit Developers as well as non-profit and for-profit Low Income Housing Tax Credit Syndicators. This has given her a well-rounded perspective of the industry.
Sabrina holds a Bachelor’s Degree in Business Administration with a concentration in Finance from Howard University and a Master’s Degree in Business Administration from Cleveland State University. She also earned a certification from the Consortium for Housing and Asset Management (CHAM) as well as the Housing Credit Certified Professional (HCCP) designation from the National Association of Home Builders.
Results Driven Leader
Sabrina is a leader who exemplifies collaboration and client-centric drive. She served as Executive Director of Western Reserve Community Development Corp., in Painesville, OH where she was responsible for the overall, day-to-day operations and management of the organization, compliance measures and reporting, personnel, financial management and program issues. During her tenure, she supervised a $2.1 million housing development grant and 4 housing rehabilitation programs.
In her most recent role at Director at a leading nationally recognized real estate development and construction firm specializing in affordable and workforce multifamily projects across the Mid-Atlantic, Southeast, Northeast and Midwest, Sabrina has been responsible for the oversight of a portfolio of 51 properties including 7 in development and 44 in operations. As Director, she was responsible for the development and implementation of the strategic vision of a key department.
Advocate for Creating Generational Wealth in BIPOC Communities
Sabrina is passionate about creating generational wealth in black, indigenous, and people of color communities, through home ownership and believes that everyone should have housing they can afford and a place they love to call home. Her passion is driven by the experiences of herself, her family and her communities where most have had to overcome several barriers as women entrepreneurs and black and brown professionals to create wealth, including strategies for creating wider access to not only the financial benefits of generation wealth but also the social and intellectual connections and infrastructure that lead to boosted opportunities for the up and coming generation.
Sabrina has managed a portfolio of 29 affordable housing developments throughout northern and central Ohio for Wallick Communities, a portfolio of 20 affordable housing developments consisting of 1,226 housing units in the greater Columbus area for Homeport, and provided oversight for 93 affordable housing developments including 80 existing projects and 13 under various stages of development. Managed a five state region including Alabama, Arkansas, Georgia, Mississippi and Tennessee during her time at Columbus Capital Corporation.
A Forward-Thinker
Sabrina's foundation in economics, courtesy of an MBA and undergraduate grounding in finance, has been pivotal in shaping her professional journey. She thrives at finding the nexus between seemingly disparate sets of problems and is adept at helping clients achieve efficiencies downstream with relatively easy changes to processes upstream.
She has facilitated the transition of a complex deal containing Low Income Housing Tax Credits, New Markets Tax Credits and Market Rate units from development to stabilization. She helps clients perform extensive cash flow, sensitivity and cost analyses to evaluate feasibility of financing real estate and community development projects: shopping malls, multi-family dwellings, commercial office buildings and industrial warehouse facilities. And she enjoys assisting clients with routine and emergency risk assessments to determine the strength of projects and sponsors and assign risk ratings as necessary.