PHILADELPHIA REDEVELOPMENT AUTHORITY HIRES NEW LEADERS
PRA gains additional expertise on senior management staff to further mission
February 1, 2018 – PHILADELPHIA- The Philadelphia Redevelopment Authority (PRA) announces two new senior-level employees to join the leadership team.
PRA is the City’s implementation arm for community development, which includes:
- Building public-private partnerships for development
- Leveraging public resources to attract private capital
- Pursuing new and innovative project structures and financing approaches to create equitable communities
The expertise of Larry Padilla and Karanja Slaughter will be instrumental in PRA’s development and financing projects.
Larry Padilla joins PRA as its Director of Real Estate and Development Finance. He oversees the agency’s property sales, land management and affordable housing finance functions. Padilla has substantial experience in public, private, and nonprofit real estate development. He served as the former Chief Operations Officer at the Charlotte Housing Authority. He was the Senior VP and Chief Real Estate Development Officer for a national affordable housing developer in Raleigh, Director of Development for a large community developer in New York. Padilla also held the position of Special Assistant to the Secretary of U.S. Department of Housing and Urban Development (HUD). He has a Masters in Real Estate Development and Finance from Columbia University and a BA in Architecture and Environmental Design from the University at Buffalo.
Karanja Slaughter will be PRA’s Special Projects Coordinator, heading up a new unit at PRA focused on research, development and managing major projects through implementation. Originally, from Philadelphia, Slaughter was the principal for a private real estate developer and worked as a project manager for Jones Lang Lasalle. Most recently, he was the Director of Property Acquisition and Disposition at the Washington, DC Department of Housing and Community Development. He has an MBA from Drexel’s LeBow College of Business and a BS in Electrical Engineering from Howard University. He is certified LEED AP by the US Green Building Council—the national certification for sustainable building construction.
“Larry and Karanja are experts in finance, real estate, and community development,” said Greg Heller, Executive Director of PRA. “Their skill set is part of the strategic plan to reinvigorate the programs and services offered by the PRA. I am looking forward to their contributions to our team and the City of Philadelphia.”