President and Co-Founder
La Cité Development
Daniel Bythewood, Jr., President and Co-Founder, is the Managing Partner of La Cité Development, LLC, a privately held real estate development firm specializing in residential and mixed-use multi-family development as well as mixed use residential/commercial properties. Mr. Bythewood is responsible for all aspects of development and finance inclusive of raising debt and private capital for his development projects which span from ground-up new construction to acquisition rehab properties. Mr. Bythewood is global andseasoned entrepreneur in the United States, Montenegro, Ghana, and other territories within Europe, and Africa. He has extensive experience in real estate development and investments within various markets.
Over the past 15 years he has developed, financed, constructed, structured debt and awarded grants, negotiated partnerships, public/private partnerships, and closed senior loans for his real estate development projects. Mr. Bythewood has also overseen the master planning of entire urban communities, oversaw teams that legislatedand structured TIF and Pilot agreements for his developments. Mr. Bythewood has overseen developments from initial concept through construction completion, renovation and lease-up of properties ranging from Harlem, through Baltimore and Long Island.
Prior to founding La Cité Development, Mr. Bythewood Jr. was an Acquisitions Manager at New York Equity Fund(NYEF), a division of the National Equity Fund, the largest syndicator of tax credits in the 1990s in New York City. While at the NYEF, Mr. Bythewood managed the financing and administration of large development and disposition programs within the NYC Department of Housing Preservation and Development for its main disposition programs: Neighborhood Redevelopment Program (NRP), Neighborhood Entrepreneurs Program (NEP), and Neighborhood Homes Program (NHP). Many of the projects developed by NYEF involved the rehabilitation of both vacant and occupied buildings, with several projects requiring substantial relocation of building residents. These projects, located within the Central Harlem and Brooklyn neighborhoods, that served as catalysts for the redevelopment of these neighborhoods.
He was also in charge of the $1.5 billion dollar portfolio where he managed the investmentin excess of $150 million in tax credit equity. The multi-faceted nature of managing NYEF’s tax credit portfolio allowed Mr. Bythewood to fully utilize the skills he gained from overseeing: joint venture partners, public-private partnerships, complex financing structures, institutional banking relationships, traditional and non-traditional lenders, tax credit allocating agencies, and city governments. He is also an advisory board member of Carver bank and was a member of the CGNY (NY citizens budget committee for 4 years).