Jason Korb

Biography: Jason Korb is the principal of Capstone Communities LLC where he has developed market rate, mixed income, and 100% affordable housing. Since founding Capstone in October 2010, Jason has successfully completed a total of $36,000,000 of development transactions in Cambridge, Somerville, Arlington, Newton and Brockton Massachusetts. These include converting Brockton’s first brick shoe factory into 25 mixed-income apartments, co-developing 20 100% affordable family apartments on a vacant lot in Cambridge’s Port neighborhood, and was recently funded by the Commonwealth of Massachusetts to redevelop three parcels in Porter Square, Cambridge into 40 100% affordable family apartments. Jason has also developed approximately 40 high-end units of scattered site market rate housing in the Boston area. Prior to forming Capstone, Jason was the Vice President of Acquisitions at Beacon Communities LLC, a developer, owner, and manager of over 9,000 apartment homes in the Northeast. At Beacon, Jason was responsible for sourcing new acquisitions and overseeing mixed income, affordable and market rate development and financing opportunities. Jason specializes in complex affordable housing transactions that involve multiple government subsidies. In his seven years at Beacon, Jason was responsible for developing over 600 apartment homes totaling over $100M. Prior to joining Beacon in 2004, Jason was a Housing Project Manager at the Fenway Community Development Corporation in Boston. Jason is a former Director of Caritas Communities and a former Vice-Chair of Preservation Massachusetts. Jason received an MS from the Massachusetts Institute of Technology’s Center for Real Estate and a BA from the University of Michigan, Ann Arbor. Jason’s MIT thesis, The Low Income Housing Tax Credit: HERA, ARRA, and Beyond has been cited by Harvard University’s Joint Center for Housing Studies and the US Senate Budget Committee.