Milton R. Pratt Jr - Executive Vice President, The Michaels Organization

Milton R. Pratt, Jr. serves as Executive Vice President of Development for The Michaels Organization. In this role, he focuses on pipeline growth and asset performance through relationships with various governmental and industry groups and works closely with Michaels’ Regional Development teams to generate opportunities. Mr. Pratt is also involved in Michaels’ newest effort to catalyze affordable and workforce housing without the need for traditional public subsidies.

In his previous role as Senior Vice President of Development, Mr. Pratt and his team developed more than 2,500 units valued in excess of $375 million. His award-winning work on HOPE VI developments in New Orleans and Tampa, Florida are a showcase of transforming outdated and neglected public housing into sustainable, mixed-income communities.

Prior to joining The Michaels Organization in 2005, Mr. Pratt served as the Region III Regional Director for the U.S. Department of Housing and Urban Development, where he was the Department’s principal liaison to Congressional members, mayors, city managers, state and local elected officials, and a wide cross section of HUD clients in the Mid-Atlantic region.

In this conversation with MIlt we gain access to the story behind the organizational development of The Michaels Organization, tips on working with local housing authorities, and the mission to provide attainable housing for renters.