Affordable Housing Finance

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AFFORDABLE HOUSING FINANCE • January 2009

Minnesota Gets New Housing Chief

Minnesota Gov. Tim Pawlenty has named Dan Bartholomay as commissioner of Minnesota Housing, the state housing agency.

Bartholomay, 47, has served as director of the region and communities program at the McKnight Foundation in Minneapolis since 1995. Prior to that, he served as executive director of North End Area Revitalization in St. Paul.

He replaces Tim Marx, who resigned to become executive director of Common Ground, a New York Citybased nonprofit affordable housing developer.

NYCHA Chief Joins Nonprofit

Tino Hernandez is leaving his job at the nation’s largest housing authority to lead a local nonprofit drug treatment organization.

Hernandez was offered the job as Samaritan Village’s president and chairman in February 2008 but agreed to finish out the year at the New York City Housing Authority (NYCHA), his seventh as chairman.

NYCHA continues to battle steep budget shortfalls. Its operating budget deficit is expected to climb to $207 million in 2012 as federal funding shrinks and operating costs rise.

Deferred maintenance in NYCHA’s portfolio of 178,000 apartments led to a high-profile controversy in 2008. In August, 5-year-old Jacob Neuman fell 10 stories to his death trying to get out of a stalled elevator.

NYCHA recently announced plans to raise funding by developing mixedincome housing on NYCHA-owned land and using Sec. 8 vouchers to provide operating subsidy to underfunded properties managed by NYCHA.

Quadel Announces Appointments

Quadel Consulting Corp., a Washington, D.C.-based firm providing management, consulting, and training to the affordable housing industry, has announced five senior staff appointments.

Dallas Parks has joined Quadel’s program management division as a director, providing oversight for Quadel’s housing choice voucher operations in several states. He most recently served as executive director of the Trenton Housing Authority in New Jersey.

Amy Jones has been named director for contract administration and performance management in the program management division. She has worked with affordable housing and community development programs for more than 30 years, including a prior working relationship with Quadel.

Jennifer O’Neil has been appointed as director of the housing choice voucher programs in the program management division. She will oversee the firm’s work supporting the Chicago Housing Authority and the Housing Authority of Baltimore City.

William Riley has become director in the consulting division in Washington, D.C. He will lead the firm’s consulting and affordable housing program management partnerships nationwide. He joined Quadel in 1994.

Cathy Pennington has been appointed as executive director of CHAC, the firm’s Chicago-based subsidiary. She will have primary operational responsibility for delivery of CHAC’s housing choice voucher services to the housing authority.

Raymond James Names Acquisitions Director

Kevin M. Kilbane has joined Raymond James Tax Credit Funds, Inc., a leading low-income housing tax credit (LIHTC) syndicator, as vice president, director of acquisitions. He will oversee the firm’s property acquisitions in the West and the large metropolitan areas throughout the Midwest.

Kilbane brings experience in both the property acquisitions and institutional equity sales functions of the business. He has directed the acquisition and placement of more than $500 million in multifamily investments during his career.

Prior to joining Raymond James, he was an independent consultant, placing equity for LIHTC developers. Kilbane also spent close to 10 years at Apollo Housing Capital, LLC, where he was senior vice president.

Cabrera Joins Nixon Peabody

Orlando Cabrera, former assistant secretary at the Department of Housing and Urban Development (HUD), has joined the affordable housing practice at the law firm of Nixon Peabody, LLP.

Cabrera recently served as HUD’s assistant secretary for public and Indian housing. He will continue to serve as CEO of National Community Renaissance, a nonprofit affordable housing developer.