Overcoming Historic Preservation Barriers: Stephen Chacko on Developing in Fort Worth

Published: Oct. 10, 2024, 6:34 p.m.

In this episode of American Potential, guest Stephen Chacko, a real estate developer from Texas, joins host Jeff Crank to share his story of navigating unexpected challenges after purchasing a property in Fort Worth. Chacko discovered that his multifamily apartment complex had a historical overlay\u2014something he wasn\u2019t aware of when he bought the property.\n\nThis designation has prevented him from making necessary energy-efficient upgrades and safety improvements, ultimately affecting his tenants. Chacko discusses the economic hardships created by the historical designation and the difficulties in working with local authorities to find a resolution. Despite the setbacks, he remains determined to improve his property and create a better living environment for his tenants.\n\nTune in to hear how Stephen is fighting against unnecessary regulatory barriers while working toward a positive outcome for his community.\n\n\n\nCheck out American Potential here: https://americanpotential.com\n\n\n\nCheck out our Spanish episodes here: https://www.youtube.com/playlist?list=PL8wSZydeKZ6uOuFlT_1QQ53L7l6AmC83c\n\n\n\nFacebook: https://www.facebook.com/AmericanPotentialPodcast \xa0 \xa0\n\n\n\nInstagram: https://www.instagram.com/americanpotentialpodcast/\n\n\n\nX: https://twitter.com/AMPotentialPod