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Biggest Challenges Faced by a Project Director at PATH Ventures

Michael's biggest challenge as a Project Director at PATH Ventures involves navigating the "politicized" nature of affordable housing funding, which creates intense competition among nonprofits despite shared goals. This is further complicated by combating misinformation surrounding homelessness, requiring consistent communication efforts to emphasize that "homelessness is a housing issue" and build community support for their housing development projects.

Nonprofit Management, Affordable Housing, Political Landscape, Public Relations, Community Development

Advizer Information

Name

Job Title

Company

Undergrad

Grad Programs

Majors

Industries

Job Functions

Traits

Michael Busse

Project Director

PATH Ventures

Loyola Marymount University, 2016

UCLA Master's of Urban and Regional Planning

Entrepreneurship

Nonprofit, Foundations & Grantmaking, Real Estate

Real Estate

Honors Student, Scholarship Recipient, Worked 20+ Hours in School, LGBTQ

Video Highlights

1. Working in the nonprofit sector often means having fewer resources compared to for-profit companies.

2. The political environment significantly impacts funding for affordable housing, creating challenges for nonprofits.

3. Combating misinformation about homelessness and advocating for solutions is an ongoing challenge in the field of affordable housing development.

Transcript

What is your biggest challenge in your current role?

I work for a homeless services nonprofit, which comes with many challenges. The idea that nonprofits often operate with far fewer resources than for-profit companies is absolutely true. We have to make do with less, with fewer staff and funding, compared to what a for-profit company might have. This can be challenging at times.

However, the bigger challenge is that the work I do is often politicized. The funding we receive can come from the city, state, or county, and these funding sources are often approved by voters. Essentially, the entire affordable housing industry is very dependent on the political environment.

If political fortunes change and our budget from the state is reduced, that can be very difficult. When we have limited public resources, it intensifies the competition between other nonprofits doing similar work. This is unfortunate, even though we're all trying to achieve the same goal of increasing the affordable housing stock.

Working in homeless services specifically, I find that in addition to my role as a real estate developer, I'm also dealing with misinformation about homelessness in the media and among the public. I have to combat this because people vote and protest, and as a developer, we want to maintain good relationships with our neighbors and continue using public funds.

We must consistently work to ensure people understand that homelessness is a housing issue. Rents are high because there isn't enough housing. While there are many reasons people become homeless, including fallacies about drug use and mental health, homelessness is fundamentally a housing issue.

That's why we are building housing. We have to be consistently thinking about how to message, communicate, and address narratives that distract from the core of our work.

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