THE BUZZ >>PEOPLE
AFFORDABLE HOUSING FINANCE • May 2008
Leadership Changes at Red
William E. Roberts has retired as
chairman and CEO of
Red Capital Group.
Scott M. Laufenberg
and Brian T. Kelleher
were named co-chairmen
and co-CEOs.
Laufenberg has
served as president and
chief operating officer
of Red Capital
Markets, Inc., Red’s broker/dealer entity,
where he directed the building of the
firm’s low-income housing tax credit
business.
Kelleher has served as senior managing
director and chief operating officer
of Red Capital Group, where he has
been involved in all areas of the firm.
During his 30-year career, Roberts
directed thousands of multifamily project
financings, municipal bond issues,
and direct investments. Under his leadership,
Red evolved from a three-person
operation in 1990 to a company with
more than 250 employees in 15 offices.
HUD Assistant Nominated
President Bush announced that he
will nominate Sheila McNamara
Greenwood of Louisiana to be assistant
secretary for congressional and intergovernmental
relations at the
Department of Housing and Urban
Development (HUD).
Greenwood is deputy chief of staff
at the department. Prior to joining
HUD, she was director of legislative
affairs in the Office of the Federal
Coordinator for Gulf Coast Rebuilding
at the Department of Homeland
Security.
LISC Announces New Hires
The Local Initiatives Support Corp.
(LISC) has named six new people to
help drive its work with Sustainable
Communities, a program to reverse
stagnation and decline in distressed
neighborhoods.
They are Sandra Abramson, vice
president for field resources and learning;
Madeline Fraser Cook, director of
LISC’s Green Development Center;
Lucinda Flowers, director of the New
Orleans Vacant Properties Initiative;
Kevin Jordan, director of family
income and wealth building; Bob Van
Meter, executive director of LISC’s
Boston program; and Michelle
McDonough Winters, program director
of LISC’s affordable housing preservation
unit.
All will be engaged in LISC’s
Sustainable Communities strategic plan
that emphasizes capital investment in
housing and other real estate; increasing
family income and wealth; stimulating
local economic activity; improving
access to quality education; and supporting
healthy environments and
lifestyles.
Enterprise Names Fund Leader
Lori Chatman has been appointed
president of the Enterprise Community
Loan Fund.
She joined the fund in November
2004 and has been the senior vice president
and chief credit officer for the loan
fund.
Prior to joining the fund, Chatman
was the director of lending for the
Calvert Social Investment Foundation,
where she managed the foundation’s
$55 million portfolio of loans.
During the last five years, the
Enterprise Community Loan Fund has
closed 608 loans, creating more than
30,500 low-income and workforce
apartments, condominiums, and singlefamily
homes around the country. The
$513 million in loans closed during this
period leveraged another $2.6 billion in
public and private investment.
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