NewsThis once Homeless CEO is Building a $14M Affordable...

This once Homeless CEO is Building a $14M Affordable Housing Project

-

- Advertisment -

This once Homeless CEO is Building a $14M Affordable Housing Project

Terrica Smith, now the founder and CEO of Cachet Real Estate and Salt Capital Equity Group, used to dream of having her own home when she was homeless and living on the streets years ago. Now, she is making other homeless families’ dreams come true as she heads the Madeline Cove project, a housing development that would offer affordable homes in the community.

As a child, Smith was in foster care until she aged out of the system when she turned 16. She had to live on the streets of New Orleans, and at one time lived under an overpass with her son. When Hurricane Katrina struck New Orleans, she was displaced to Lafayette, Louisiana.

- Advertisement -

Frustrated with her homelessness, she decided to attend a real estate school. With hard work and determination, Smith eventually became an agent with Real Broker LLC and a managing partner for Salt Capital Equity Group. Now in her mid-30s, Smith also owns and operates her own firm called Cachet Real Estate.

“You have to hold on to that dream,” Smith told The Advocate. “This was an extremely hard task for us, and together we pulled through. The reason this development is near and dear to my heart is because growing up in area like this, it’s extremely hard to dream when you don’t see anything around you worth dreaming about.”

Smith’s dream project is the Madeline Cove project, which is expected to alleviate the lack of housing in New Orleans’ north side. The $14 million development will provide 30 affordable homes, 60 townhomes, a 50-unit senior complex and a retail building that will feature up to five spaces for light retail, a coffee shop or maybe a grocery store.

- Advertisement -

“My mentor was being homeless,” said Smith, who shared her story in her book Frightened, Scared and Alone No More which was published in 2018. “It was the scariest moment of my life because people are pulling on you, trying to attack you. It’s not safe. You can’t sleep. I made a promise to my son under that bridge. As long as I had air in my lungs, I would never be homeless again.”

For more information about Smith’s company, visit www.saltcapitalequitygroup.com

Get Your News on Wundef.com

Send us your business and entrepreneurship stories/news and articles to admin@wundef.com or through whatsapp, +233247516850.

Subscribe to our Youtube Channel, Like our Facebook Page

- Advertisement -

And also follow us on Twitter

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Everything You Need to Know about GhanaSpace, a Ghanaian Business Directory Platform

GhanaSpace is a business directory application with classified ads compatible with Android devices. GhanaSpace Mobile App brings together all...

If You Don’t Cut off Negative People, They’ll Cut You Down to Their Size

Your dream is valid. Have faith in your abilities. If there’s a chance in a million, go for it!...

Dealing with Panic Attacks

Panic attacks are very frightening. They make you believe you’re in an emergency. They’ll make you think you’re losing...

You’ll win in the end… Never Give up

Never give up on an idea you can’t go through a day without thinking about. Don’t give up on...
- Advertisement -

Three rules for marketing in the post-pandemic era

The COVID pandemic has changed the way businesses sell and market their products and services to customers, and there...

Bluemind Foundation unveils report of cross studies between African women and their hairdressers

According to the World Health Organization (WHO), approximately 66 million women suffer from depression and anxiety disorders in Africa, and...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you