Affordable Housing Finance

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AFFORDABLE HOUSING FINANCE • October 2009

New Executive Joins IHDA

Gloria L. Materre, former deputy chief of staff for Gov. Pat Quinn, has been appointed executive director of the Illinois Housing Development Authority (IHDA).

Materre succeeds DeShana Forney, who resigned after serving in the top post since 2007.

As executive director of IHDA, Materre is the state’s chief affordable housing official. IHDA administers key financing programs, including the lowincome housing tax credit.

Materre joins the agency after serving in the governor’s administration since April. An attorney, she worked with Quinn on several issues, including housing and economic development.

Quinn took office this year, following the impeachment of former Gov. Rod Blagojevich.

Materre was recently a senior counsel at Handler Thayer, LLP.

She earned her law degree from the University of Illinois at Urbana- Champaign and has a bachelor’s degree in journalism from the University of Wisconsin-Madison.

Seattle Group Hires New Leader

Maiko Winkler-Chin has been hired as executive director of the Seattle Chinatown International District Preservation and Development Authority (SCIDpda).

She was previously the group’s director of housing and facilities. Winkler-Chin was chosen for the top post after a national search.

Founded in 1975 as a city-chartered community development agency, SCIDpda has played an important role in revitalizing the Seattle Chinatown International District.

Sue Taoka left the top post this year to serve as executive vice president of urban programs at ShoreBank Enterprise Cascadia.

Texas Group Leader to Retire

Neighborhood Housing Services (NHS) of San Antonio has announced the retirement of Executive Director Robert Jodon, effective Dec. 31.

He has held the top post for 15 years. Since 1995, NHS has completed more than 125 rehabs and built more than 300 new homes. The nonprofit organization has also made more than 1,000 loans, totaling more than $12 million.

Bulls Capital Appoints SVP

Bulls Capital Partners, LLC, has appointed Robert Russell as senior vice president and chief production officer.

He is responsible for sourcing and structuring multifamily loan transactions. Prior to joining Bulls Capital, Russell held a similar post at Arbor Commercial Mortgage. He previously served as managing director at Wachovia Securities and Credit Suisse.

Bulls Capital is a multifamily financial service provider and Fannie Mae Delegated Underwriting and Servicing lender.