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Teresa and Hipolito Roldan Scholarship

Roosevelt University seeks candidates for Latinos in real estate scholarship

Posted: 06/18/2012

At a time when the Latino housing market is becoming the fastest growing in the nation, the real estate industry in Chicago and far beyond needs good men and women to enter the field and move the market ahead even further.

That’s why nationally known real estate leader Hipolito “Paul” Roldan (pictured above), chief executive officer of the Hispanic Housing Development Corp. (HHDC) in Chicago, has established the Teresa and Hipolito Roldan Scholarship for Tomorrow’s Hispanic Leaders in Real Estate at Roosevelt University.

Providing $10,000 for two years of study toward a Master’s in Real Estate or the MBA with a concentration in Real Estate, the scholarship fund already has helped three Latinos graduate from Roosevelt’s Chicago School of Real Estate.  They are Elvin Velez, a 2010 graduate, who is now working as a commercial mortgage officer with Cornerstone Real Estate Advisers;  Hermilio Aguilar, a 2011 graduate who does architectural work in the not-for-profit housing field with Tropic Construction in Chicago; and Lucas Alvarado, a 2011 graduate who works for a national real estate asset disposition firm.

Roldan scholar Brian Mond, who plans to graduate in December, has been working as an intern for Brinshore Development Co. in Northbrook and one day hopes to facilitate real estate deals involving Chicago and his native Argentina.

“The program has allowed me to investigate areas of interest, including brokerage and investment sales, and it has exposed me as well to areas I knew nothing about, including asset and property management,” Mond said.

Aguilar, who received his MBA with a concentration in Real Estate from Roosevelt in 2010, believes the program and Roldan’s support and mentorship have made a huge difference as the former architect and construction businessman from Salamanca, Mexico, launches his real estate career.

“Without the scholarship I would not be recognized by some of the most important real estate people in Chicago,” said Aguilar, who was an intern in various departments with Roldan’s HHDC. Currently,  Aguilar is an assistant facilities manager for HHDC’s CHA Scattered Sites Program. He is also studying for a second master’s degree in real estate at Roosevelt.

Through the end of June, Roosevelt’s Chicago School of Real Estate and its Marshall Bennett Institute of Real Estate will be taking applications for two new Roldan scholars who will start their graduate studies in the fall.

“I established this scholarship program in order to expand Latino participation in the industry,” said Roldan, who has spent his life developing, managing and investing in ventures that increase availability of affordable housing, promote economic opportunity and enhance the quality of life for Latinos and the Latino community in the Midwest.

“There is no better time than right now for Latinos to get involved with careers in real estate and community development and I believe this scholarship can open doors for more people in the community to take advantage of the many opportunities at hand,” said Roldan.

Roosevelt’s program is unique in that it combines academic and hands-on experience in community development and real estate. Scholars are paired with mentors in the field. They take professional development courses and are assisted with job placements.

“We are pleased to have Hipolito “Paul” Roldan supporting our program, particularly at a time when the real estate market for Hispanics is growing strong,” said Jon DeVries, director of the Marshall Bennett Institute of Real Estate.  “There is a lot of potential for anyone who is a Latino in the real estate field, and we welcome any and all applicants.

The deadline for scholarship applications to be received is June 30.  For information, visit the Chicago School of Real Estate’s website at and/or to apply contact Jon DeVries at 312-281-3358 or