HOC Live- How To Buy Back The Block with Chris Senegal (Port Arthur, Tx)

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Heart of the City

Business


In 2013 Chris Senegal received a tip that a slumlord in his hometown of Houston was looking to sell off his portfolio of properties. The houses, which sat in what used to be a prominent African American neighborhood, made up an entire city block. Chris had flipped a couple of houses, but was ready to do something bigger. He decided to buy the entire portfolio. He didn't have the cash so he worked out a creative financing structure to get the deal done. He was 30. Fast forward to today. Chris' vision has expanded a great deal, as he is now doing ground-up development, creating 'complete communities', with housing for low income families as well as more upscale homes to draw black professionals back from the suburbs. Rick Ross rapped about buying up blocks. Chris did that. Jay Z freestyled about gentrifyng your own hood. Chris did that too. He shares how. he did it--step by step. Join us