John Kownack says Hampton Roads Ventures, the for-profit community development company created by the Norfolk Redevelopment and Housing Authority, was facing an existential crisis when he took over in 2011.  The company, which Kownack led for 10 years, hadn’t won any new allocations of federal tax subsidies in a couple of years. It had made … Continue reading ‘We weren’t making any money’: Hampton Roads Ventures’ ex-CEO defends investing elsewhere