Terrica Smith, a former foster child who once faced homelessness, has risen to become the CEO of her own real estate firm.
She is now the driving force behind a groundbreaking $14 million affordable housing project in Lafayette, Louisiana.
As the owner of Cachet Real Estate, an agent with Real Broker LLC, and the managing partner for Salt Capital Equity Group, Smith’s journey from adversity to success is nothing short of inspiring.
Despite encountering over 100 rejections while seeking financing for her dream project, Smith remained undeterred, fueled by her determination to transform her neighborhood.
The Madeline Cove project, slated for development on the city’s north side, aims to provide affordable housing solutions to address the pressing needs of the community.
Comprising 30 affordable homes, 60 townhomes, a 50-unit senior complex, and a retail building, the $14 million endeavor represents a beacon of hope for residents in search of affordable housing options.
For Smith, whose upbringing instilled in her a deep sense of resilience and perseverance, the project is not just about real estate development; it’s about giving back to her community.
Having experienced homelessness herself, Smith understands firsthand the importance of having a place to call home.
Her personal journey, from living under an overpass to visiting the White House as a community leader, serves as a testament to her unwavering commitment to creating positive change.
As the Madeline Cove project moves forward, Smith’s story serves as a reminder that with determination, hard work, and a steadfast belief in one’s dreams, anything is possible.
From homelessness to CEO, Terrica Smith’s journey embodies the transformative power of perseverance and the resilience of the human spirit.
