Principals

Heirloom Properties, LLC is a real estate development and property management company founded by Faith and Jim Kumon. The company is centered on enthusiasm for creating more middle scale housing, using straightforward design with dignified materials, and building with long term operating costs in mind. Through these strategies, high performance units can be provided at a reasonable cost compared to other new projects.

Heirloom is unique due to its willingness to pursue projects with a different financial lens, as it is shaped through the eyes of two development professionals who spend their day job time working to create housing for our most vulnerable populations or create wealth through small scale, often owner occupied, multi-family buildings.

 

Faith Kumon

Faith provides project financial analysis, interior design, landscape design, and property management services for Heirloom.  As a person who has high chemical sensitivities and also love for gardening, she is passionate about creating safe, healthy and inspiring spaces indoors and out in the projects she leads.

As a current project manager in nonprofit affordable housing in Minneapolis, Faith has closed or is currently working on multi-family buildings totaling over $100 million in development costs and over 300 units. She is currently the project manager overseeing the redevelopment of 3030 Nicollet or “Opportunity Crossing”, which is the former Wells Fargo bank building at 31st and Nicollet Avenue.  This mixed-use project includes 110 units of affordable family housing over a rebuilt Wells Fargo bank and four commercial condos that will be sold to local BIPOC entrepreneurs.

Many of her projects have partnered with local supportive housing service providers to support local communities of color and other vulnerable populations at 30-50% AMI. Of particular note is her oversight of 3030 Nicollet, Hawthorne EcoVillage Apartments, Bloom Lake Flats and Anishinabe Bii Gii Wiin.  Faith has overseen project from conception through the construction phase and project lease ups in close consultation with the property management team and service providers. 

Born and raised in South Minneapolis, Faith has a background in public private partnership management, urban design and construction management. She received an undergraduate degree in Architecture from the University of Minnesota and graduate degree in Regional Planning from the University of North Carolina. She was also a Fulbright Scholar at the Technical University of Berlin where she studied sustainable neighborhoods.

Jim Kumon

Jim oversees design coordination, construction management and business management activities for Heirloom.  He coordinates the building design and construction process with an eye towards achieving deep energy efficiency and sustainability goals, rooted in his experience as a LEED accredited professional.  He has more than ten years of small business and nonprofit executive management expertise in the industry.

Jim is also Principal at Electric Housing, a private consulting firm that builds upon work he started as Executive Director and Co-Founder of Incremental Development Alliance. The practice supports developers and cities who want to encourage small-scale real estate development in their community.  Through his collaboration program Developer in Residence, he trains and mentors non-profit and for profit professionals in the built environment through all stages of design, finance and construction for middle scale housing 1-20 units in size on urban infill lots across the county. His work spans the country in the northern climate zones from the inland Northeast, Midwest and Mountain West from with particular long term engagements with the cities of Kalamazoo, MI and South Bend, IN. He also is a Partner at Neighborhood Evolution, providing real estate advisory and executive coaching services across the country.

Jim has an undergraduate degree in Architecture from the University of Michigan, and over 15 years of experience in the design and construction industries in Los Angeles, Denver and Minneapolis. Previously, Jim worked as a project manager in architecture firms where he planned, designed and executed private sector multi-family and public sector buildings.  Prior to starting IncDev, Jim was the Executive Director at Strong Towns. As a past board member of the Kingfield Neighborhood Association and chair of the Kingfield Redevelopment Committee for the past decade, Jim has been closely involved with development projects at the neighborhood level in Minneapolis.

He currently serves as a Board Member and Treasurer at Neighborhood Roots and Board Treasurer of the Minnesota Chapter of the Passive House Alliance. He recently served on the state Technical Advisory Committee for the 2025 IECC update for the MN state residential code.