McCormack Baron Salazar Names Texas Director
Monique Chavoya, formerly a project manager in McCormack Baron Salazar’s West Coast office, has been promoted to project director and has relocated to San Antonio.
In her new role, Chavoya will support all Texas initiatives and, in particular, the Wheatley Courts/East Side Choice Neighborhood in San Antonio, which includes the development of 417 new mixed-income homes in a mixed-use community.
She joined the urban development company in 2007 from the East Los Angeles Community Corp., a nonprofit affordable housing developer.
WNC Hires Originations V.P.
Daniel Garrett has joined WNC as vice president of originations.
He joins the low-income housing tax credit (LIHTC) syndication and real estate investment firm from Garrett Development Group, a company he founded to assist general partners in structuring and developing LIHTC projects. Prior to that, he spent 12 years with a syndication firm.
Path Ventures Appoints Executive
Amy Anderson has become executive director of PATH Ventures, an affordable housing developer based in Los Angeles.
She has been active in affordable housing in Southern California for more than 18 years. Prior to joining PATH Ventures, Anderson was a senior program manager for six years at the California Housing Partnership Corp., where she provided financial consulting, technical assistance, and training to nonprofit and government clients. She also has firsthand experience as a housing developer with Abode Housing.
John Molloy, former head of PATH Ventures for the last six years, has been promoted to deputy CEO of the entire PATH Family of Agencies.
PATH Ventures currently has 740 units in its development pipeline.
DSHA Announces Housing Finance Director
Matthew Heckles has been named director of housing finance at the Delaware State Housing Authority (DSHA).
Since 2010, Heckles served as director of policy and planning, overseeing program development, strategic planning, performance measurement, and special projects.
In his new position, he will direct the operational, administrative, and financing activities of DSHA’s statewide homeownership and foreclosure prevention programs.
Owens Becomes NASLEF President
Nancy Owens, president of Housing Vermont, will serve as the next president of the National Association of State and Local Equity Funds (NASLEF).
Owens has worked in the affordable housing field since 1992. She joined Housing Vermont in 1999, serving first as project developer and then vice president of development. In 2009, she assumed presidency of the organization and is responsible for a housing portfolio of 160 properties, syndicating housing tax credits, directing compliance activities, and developing new properties.
NASLEF is a nonprofit association with 15 member funds who promote the efficient management of state and local equity funds. Collectively through 2013, member funds have raised more than $10.4 billion in equity capital for rental housing developments throughout the country, creating or rehabilitating more than 140,151 units of affordable housing in 3,076 developments.
Housing Vermont has been a NASLEF member since 1995.
Chicago Nonprofit Names President
Kristin Faust has been selected president of Neighborhood Housing Services of Chicago (NHS).
She joins NHS with more than 25 years of experience in community development finance in the private, public, and nonprofit sectors. Her previous role was director of lending and network services at Partners for the Common Good in Washington, D.C. Prior to that, Faust served as president of the Enterprise Community Loan Fund.
NHS is a nonprofit neighborhood revitalization organization committed to helping homeowners and strengthening neighborhoods throughout the Chicago area.
Love Funding Hires Director of Originations
David Opalek has become director of originations at Love Funding. He will be located in the Columbus, Ohio, area.
Opalek will focus on arranging multifamily loans around the nation by tapping Department of Housing and Urban Development (HUD) mortgage insurance programs. He joins the firm from RED Mortgage Capital.
LISC Names New York City Executive
Sam Marks, a national leader in philanthropy and social investment, will become the new executive director of the Local Initiatives Support Corp.’s New York City program.
Marks joins LISC from Deutsche Bank, where he served as vice president of both the Deutsche Bank Americas Foundation and the bank’s Global Social Finance group. His philanthropic, lending, and investing activities covered programmatic areas that include affordable housing, economic development, immigrant entrepreneurship, energy efficiency, and community resiliency.
He succeeds Denise Scott, LISC NYC’s longtime leader and a central figure in New York community development for more than two decades. Scott was promoted to LISC executive vice president in charge of local programs in 30 urban areas across the country as well as LISC’s rural development work in 39 states. LISC has invested $14 billion nationally to revive low-income communities.
Furman Center Names Executive Director
Mark Willis has become executive director of the Furman Center after holding the post on an interim basis.
Prior to joining the Furman Center in 2010 as a resident research fellow, he was a visiting scholar at the Ford Foundation and spent 19 years at JPMorgan Chase, where he founded the Chase Community Development Corp. Before joining Chase, Willis held various positions in economic development and tax policy with the city of New York, including deputy commissioner for development at the Department of Housing Preservation and Development.
The Furman Center, which advances research on housing and urban policy, is a joint center of the New York University School of Law and the Robert F. Wagner Graduate School of Public Service.
Arbor Expands Seniors Housing Platform
Arbor Commercial Mortgage announced the expansion of its seniors housing and health-care financing platform with the addition of Jeffrey Ringwald, senior vice president, and William Jackson, vice president.
Ringwald has focused on seniors housing and health-care finance for his entire 16-year career, originating more than $2 billion in seniors housing loans across the country. Prior to joining Arbor, he served as a senior vice president at Oak Grove Capital. He also held posts at RED Capital Group, Prudential Mortgage Capital Co., and Guaranty Bank.
Jackson has more than 16 years of financing experience, including 10 years in health-care financing. Before joining Arbor, he served as a vice president for Oak Grove Capital
Hallemeier Promoted to President at MacFarlane Partners
Dirk Hallemeier has been named managing director and president of MacFarlane Partners, a real estate development and investment management company.
Hallemeier has held real estate investment and development-related positions with MacFarlane Partners for more than 13 years, most recently as managing director, investments. In his new role, he will be responsible for sourcing and negotiating prospective investments and will oversee the construction and development process of properties developed directly by the firm. He also will help build and maintain the firm’s strategic relationships with its joint venture partners. Hallemeier replaces Greg Vilkin.
Headquartered in San Francisco, the firm is an investor and developer in properties that promote smart growth and urban revitalization.
CPC Builds Team in Rochester, N.Y.
Miriam Zinter has joined the Community Preservation Corp. (CPC) as a mortgage officer in the nonprofit affordable housing lender’s new Rochester, N.Y., office.
She will work closely with local developers, housing officials, and community partners to increase CPC’s presence in the greater Rochester and Buffalo areas.
Zinter joins CPC from the Greater Rochester Housing Partnership, where she spent 10 years as a project manager responsible for the management and oversight of the HOME Rochester program. She also worked as a senior community planner with the city of Rochester, developing 200 single-family residential homes through the city’s HOME Expo program.
FHFA Announces Deputy Director
Nina Nichols has been appointed deputy director of the Division of Enterprise Regulation at the Federal Housing Finance Agency (FHFA).
She will oversee FHFA’s regulation and supervision of Fannie Mae and Freddie Mac.
Nichols joined FHFA in March 2012 as assistant deputy director of the division.
Caffey to Serve as NLHA President
Joseph Caffey will serve as president of the National Leased Housing Association (NLHA) for the coming year.
Caffey is president of Omni Development Corp., a minority nonprofit community planning and development corporation in Providence, R.I.
Formed in 1972, NLHA is comprised of nearly 500 public and private-sector providers of affordable rental housing.
Hunt Names Managing Director, Chief Credit Officer
Daniel J. Wolins has become managing director and chief credit officer for commercial real estate at Hunt Mortgage Group.
In this role—a new position at the firm—he will be charged with extending the firms reach beyond multifamily to include other property types, including retail, office, hotels, and more. Wolins will operate out of Hunt’s New York office and will serve clients nationwide.
Before coming to Hunt, Wolins was a partner at Olmsted Capital, a New York-based real estate private equity firm.