Genesis brings together diverse experience in architecture and planning, investment banking and private equity, politics and economics. Whether leading the development of boutique residences or large-scale renovations, our principals bring expertise in joint ventures, ground leases, senior housing, and affordable housing to infill projects throughout the City.
Karim A. Hutson
Founder & Managing Member
Under Karim’s stewardship, Genesis has fostered community advancement through high-quality multifamily development in urban centers. Prior to founding Genesis, Karim was an investment banker with Merrill Lynch and Goldman Sachs and an investor with General Atlantic, a private equity firm in Greenwich, Connecticut. Karim earned a BA in Economics and Philosophy from Amherst College. He holds an MBA from Harvard Business School and a Master’s degree in Theological Studies from Harvard Divinity School. A resident of Harlem, Karim serves as Treasurer of the Trustee Board of the First Corinthian Baptist Church, Trustee of the Citizens Budget Commission, Trustee of the Randall’s Island Park Alliance Board, Board Member of the Citizens Housing Planning Council, the New York State Association for Affordable Housing and a Member of the Leadership Council for Habitat for Humanity NYC. He is married to Luz Elena and has two daughters.
Managing Director, Development
A specialist in financing complex affordable housing transactions, Nicole executes projects involving Year 15 re-syndication, conventional debt, taxable and tax-exempt bonds, LIHTCs, HOPE VI, HOME, CDBG, and a variety of other public and private funding sources. Prior to joining Genesis, Nicole was a developer with Pennrose Properties, a manager for the Philadelphia Housing Authority, and a consultant for Community Development Services, which worked with lenders, municipalities, and non-profit organizations throughout the country. She has structured deals totaling well over $300 million. She has secured $48 million in HOPE VI awards and an additional $160 million in leveraged funds for associated developments. Nicole earned a Bachelor of Arts in Political Science from Rice University and a Master of Science of Real Estate Development from Columbia University. She serves on the steering committee for the New Jersey chapter of Women in Housing and Finance.
Seth works at Genesis in the firm’s real estate development group where he uses his knowledge and experience in New York City affordable housing finance to project manage and develop affordable housing in both New York City and New Jersey. Prior to joining Genesis, Seth worked as a project manager in the Low-Income Housing Tax Credit Preservation (Year 15) Program at the New York City Department of Housing Preservation and Development. While there, he worked with developers of all shapes and sizes to refinance and rehabilitate Year 15 properties with various financing, such as city subsidy, private debt, tax credit equity, and bonds. Over the course of Seth’s time at HPD, he directly helped to preserve close to 1000 units of affordable housing. Seth earned his Bachelor of Arts in Economics and minor in Urban Studies from Vassar College.
Jasmine oversees the day to day operations of the office at Genesis and brings with her experience from the corporate, academic and nonprofit worlds. She is also responsible for managing the business calendar for Genesis’ principals. Most recently, Jasmine served as an Administrative Assistant to a Senior Director at Harlem Children’s Zone and she was the Office Manager at one of HCZ’s After School programs. Prior to that role, Jasmine was a Project Administrator at DeSola Group where she provided project planning and research support to the Senior Strategic Marketing Team. She also worked at JP Morgan, where she was an Administrative Assistant to the Trading Technology group. Jasmine resides in Brooklyn, New York.
Christine assists in all of the administrative aspects of the development projects Genesis pursues. She is involved in everything from working on putting together RFP packages to due diligence requirements needed to achieve construction closing for potential projects. Christine also assists with the maintenance and development of Genesis’ social media outlets, website and the company newsletter. Prior to joining Genesis, Christine worked at various law firms, the YWCA, Harlem Children’s Zone and several schools where she gained a combination of 14 years of Administrative and Paralegal experience. Christine is a United States Coast Guard veteran and has earned a Bachelor of Arts from Hunter College in New York City.
Soweto works in tandem with the Genesis team on all projects ranging from new business development to project loan closing, inclusive of property and asset management as well as special projects. During his time at Genesis, Soweto has assisted in the closing of several projects in both NY and NJ and, most recently, has begun to spearhead Genesis’ work in the Affordable Neighborhood Cooperative Program. As a native New Yorker Soweto is deeply connected to the needs of the City and its communities. He graduated from New York University (NYU) with a Bachelor of Science degree in Applied Psychology. After completion of his undergraduate program Soweto partnered with two prominent professional female athletes and co-founded T3 Sports, a 501(c)3 non-profit. This initiative began out of the glaring need to serve burgeoning female athletes in underserved communities. Soweto had transposed his passion for community enrichment, organizing, and development from the non-profit sector to affordable-sustainable housing.