Velney Development
Josu’e Velney is the Owner/CEO of Velney Development LLC, a VBE & MBE-certified real estate development company based in Somerville, MA. He is responsible for conducting feasibility analysis, financial modeling, and acquisitions. He currently oversees residential projects ranging from 1 to 230 units, with projects ranging from $1M to $120M. Josu’e also serves as the Owner/Construction Manager of Velney Construction LLC, ensuring quality control, workplace safety, and subcontractor selection.
Before his entrepreneurial ventures, Josu’e served as a Lieutenant/EMT for the City of Somerville Fire Department and in the United States Marine Corps. He holds a Bachelor’s Degree in Building Construction Management from Wentworth Institute of Technology, where he graduated with Cum Laude honors. Josu’e received Wentworth Institute of Technology’s Alumni Entrepreneurship Award in 2023, was recognized in Boston Business Journal’s 40 Under 40, and received Governor’s Citation Recognition in 2022.
With his expertise in real estate development, construction, and public service, Josu’e is dedicated to delivering high-quality projects and exceptional service to his clients and community.
Executive Office Manager
Jennifer Camacho was born in Puerto Rico, where her passion for real estate started while working on the family farm. She moved to the United States when she was young and finished her high school education. With hard work and dedication, she purchased her first home in 2011 and became more interested in real estate and interior design. Jennifer’s goals are to grow her real estate portfolio and continue to learn the many aspects of real estate sales, management, and development.
Jennifer specializes in accounting, property management, and paralegal work. She consistently demonstrates enthusiasm to learn and help as much as possible. Jennifer loves music, beaches, traveling, and spending time with her family. As our newest team member, she’s looking forward to her future growth and helping Velney Development reach its highest potential.
Velney Development Strategy
Every great company has a niche. Velney Development is not different. Our company niche is being able to understand and control the construction process—everything we do starts and ends with construction in mind. When we analyze a project, we focus on value engineering, project estimates, and design for the end user.
Having a solid construction background is critical to our success. This is what separates us from other developers. This niche allows us to save our company money and investors’ money. Having the capability and the option of being our general contractor and (OPM) owner’s project Manager gives us more control over sub-contractor selections, vendor selections, project estimates, project schedule, project finance, and quality control.
Velney Development believes in generational wealth and improving our communities. We have found that building our rental portfolio is the best way to achieve this mission. We call this tactic build-to-rent. We love this tactic because it’s our leverage against the competition; it leads to low repair costs and new housing needed in the Boston market.
Our founder and President, Josu’e Velney, holds a Bachelor’s degree in Construction Management from Wentworth Institute of Technology, an unrestricted Construction Supervisor License, certification from Clark Construction, Suffolk Construction, and OSHA 30
Velney Development Awards & Recognition
- Boston Business Journal 40 Under 40
- Bunker Hill Community College 40 Alumni 40 Years
- Governor’s Citation Recognition
- Builders of Color Coalition Core Fellowship
- Builders of Color Coalition Affordable Housing Developer Fellowship
- Builder of Color Coalition Investment Analysis Fellowship
- Alumni Wentworth Institute of Technology Entrepreneurship Award
