Overcoming Historic Preservation Barriers: Stephen Chacko on Developing in Fort Worth
Episode description
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—something he wasn’t aware of when he bought the property.
This 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.
Tune in to hear how Stephen is fighting against unnecessary regulatory barriers while working toward a positive outcome for his community.
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