Algernon H. Penn


Algernon H. Penn is the President of Penn Consulting Group, a Chicago based consultancy that provides professional services for small business that range from cost containment to marketing and business development. Mr. Penn has also been a leader in the economic development arena. He has worked as an economic development advocate in the African-American community for nearly 30 years.


As Sr. Vice-President HomeGift USA, a nationally based housing non-profit, he was directly responsible for the development of a homeownership literacy model that impacted 4,000 African-American churches across the nation. As Regional Director of The Nehemiah Program® Down Payment Assistance program, Mr. Penn was instrumental in helping provide the opportunity of homeownership for over 150,000 families and individuals across the nation. He was a roundtable member with “Cities-First,” a public-private partnership between the U.S. Conference of Mayors and Nehemiah, committed to the development of commerce in urban cities while ensuring economic opportunities for those who lived in those urban areas. 

 

He has served on four Congressional Task Force Committees across the nation (Chicago, Detroit,  St. Louis) addressing the needs of African–American homeownership and economic development with The WOW (With Ownership, Wealth©) Initiative, a national effort promoted by The Congressional Black Caucus Foundation that created one million African-American home-owners from 2001-2005. 

Mr. Penn has received numerous awards and honors for his efforts in affordable housing. Some of which includes: The NAACP- Image Award, The New Orleans Center for Successful Living’s-Spirit of Greatness Award, The Texas Association of Real Estate Brokers, The Ohio REALTIST® Association, United States Senator Mary L. Landrieu of Louisiana, former New Orleans Mayor and current National Urban League President, Marc H. Morial, The New Orleans City Council and United States Congressman Bobby L. Rush (1st Congressional District of Illinois).

 

Mr. Penn has been a requested speaker for many conferences such as The African-American MBA Association’s DuSable Business Conference at the University of Chicago’s Graduate School of Business, The New Orleans “Great Joy In the City” Conference, The inaugural Mississippi Faith Based Coalition’s Faith Summit in Jackson Mississippi, The Third Annual City of Memphis Faith-Based Conference and The Urban Outreach Foundation’s Annual Pastor’s and Ministry Leaders Conference.

 

Mr. Penn has served as an officer and Board Member with Chicago’s Dearborn REALTIST® Board (DREB) and National Sub-Committee Chairman of Product Development for The National Association of Real Estate Brokers Inc. (NAREB). DREB and NAREB are two of the oldest African-American real estate trade associations in America. 

 

Mr. Penn has served on the Board of Trustees in the Village of University Park, IL. He is also Chairman of Strategy & Outreach for The Abraham Lincoln National Airport Commission (ALNAC) He is committed to working with ALNAC Chairman, former University Park, IL Mayor Alvin R. McCowan and twenty-three south suburban mayors in building a 3rd regional airport in the Chicago Southland area. 

 

In 2010, he was awarded The Southland Community Service Award by The Kankakee City News for his work on the Abraham Lincoln National Airport and was also honored by the Chicago Defender as one of its "Men of Excellence." 

 

He is a life member of the University of Illinois at Chicago’s Presidents Council, which provides scholarship opportunities for deserving minority students.