Jason Korb
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 $100,000,000 of development transactions in Cambridge, Somerville, Arlington, Newton, Brockton and Bridgewater 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, assembling three parcels and converting three single family homes (including moving one of the houses) into 40, 100% affordable family apartments in Porter Square, Cambridge, and The McElwain School Apartments, a 57 unit mixed-income development in Bridgewater that includes Passive House and historic construction.
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 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 and/or preserving 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 Director of CHAPA, a Director of 2Life Communities and a Trustee of the Newton Affordable Housing Trust. 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.