The Cost of "No": What Declined Applications Are Really Costing Multifamily Owners

Jason Arechiga joined The NRP Group in 2012 as a Land Acquisition Specialist and now serves as Senior Vice President of Development. He is responsible for the company’s affordable housing and mixed-income portfolio throughout Texas. His primary duties include sourcing and entitling new projects, from land acquisition to the start of construction, and he does the preliminary underwriting of all development deals. Arechiga fosters strong working relationships with housing authorities, government agencies, and other development partners, ensuring a smooth and collaborative approach to achieving shared goals. These relationships and shared goals have led to many creative approaches to financing affordable housing throughout the state of Texas. He serves on the board of the Texas Association of Local Housing Finance Agencies and is an active member of the Texas Affiliation of Affordable Housing Providers. Prior to joining NRP, Arechiga was the co-owner and manager of Hillstar Investments, a single-family residential development firm in South and Central Texas for more than a decade. He also served as an adjunct professor at Alamo Colleges teaching both Texas and U.S. history courses. Arechiga currently serves as the board chair of Any Baby Can, a non-profit organization dedicated to providing direction and guidance for families of children and youth with special needs. Arechiga holds a bachelor’s degree in marketing from Texas A&M University and a master’s degree in military history from Norwich University.

Aaron Victorson, Executive Vice President, Sales & Revenue Operations at The Guarantors, brings 13 years of experience in marketing, sales and growth in the rental housing industry. He is focused on making the industry more accessible and affordable, while safeguarding and promoting the interests of property owners and operators. At Bozzuto, Victorson got a firsthand account of the difficulties facing prospective renters and leasing officers when it comes to obtaining quality residents. He holds a bachelor's degree in English Language and Literature, Digital Humanities and Online Publishing from George Washington University.