Enterprise Promotes Downes
Kari Downes has been promoted to senior vice president of capital markets at Enterprise Community Investment. In this role, she will oversee the company’s key low-income housing tax credit investor relationships and develop and implement all housing credit fund strategies.
Downes was a leader of the team that created Enterprise’s tiered multi-investor funds. This innovative approach, which simultaneously meets investor needs and offers lower expenses, has become the industry standard for multi-investor funds.
She has worked at Enterprise for more than a decade, most recently serving as vice president of capital markets. Prior to joining Enterprise in 2002, Downes had been an underwriter with Lennar Affordable Communities and a market analyst for Lend Lease.
NOAH Names Director of Lending
Ann Gray has been named director of lending at the Network for Oregon Affordable Housing (NOAH).
She is responsible for managing NOAH’s lending team and activities, including marketing, origination, and portfolio management. Gray will also identify needs in the market and will assist in the development of new programs.
Gray comes to NOAH with a strong background in affordable housing finance having held various positions at PNC Real Estate over the past 10 years. She recently managed a team of tax credit underwriters for PNC.
NOAH is a certified nonprofit community development financial institution that was established initially by Oregon banks to increase the state’s supply of affordable housing while fostering smart development and community revitalization.
BRIDGE Housing Adds to Team
Alison Lorig has been named senior vice president of development, Pacific Northwest, for BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing.
Lorig previously served as president and co-owner of Lorig Associates, a Seattle-based real estate development company, and Lorig Management Services, a property and asset management company specializing in urban infill and mixed-use projects. She was responsible for corporate oversight of development and management projects totaling over $500 million in project costs from predevelopment to stabilization. Lorig has delivered more than 650 units of affordable housing for local nonprofits, and she headed a HOPE VI entitlement, design, and construction team for a 188-acre, 1,200-plus unit development. Her latest project was Green Lake Village, a 297-unit, mixed-use development with 50,000 square feet of retail anchored by a grocery store in Seattle.
Destin Ferdun has been named a senior project manager at BRIDGE Housing in its Portland, Ore., office.
Ferdun previously was director of project finance for the Housing Development Center, a real estate consulting firm in Portland, where he managed a finance team that assisted clients with more than 25 simultaneous new construction and acquisition/rehabilitation projects with development costs of up $24 million each. Earlier, Ferdun operated Lunabridge, his own real estate consulting firm, served as principal of Lundin Cole Architects, and worked as a project manager for a nonprofit community development corporation.
Hunt Mortgage Names Affordable Housing Director
Timothy Hoppin has joined Hunt Mortgage Group’s affordable housing group as director.
Hoppin will focus on sourcing and originating affordable housing loans nationwide. He joins Hunt Mortgage Group from Citi Community Capital, where he was a vice president. While at Citi, Hoppin closed more than $300 million of taxable and tax-exempt debt with for profit developers, nonprofits, and housing authorities.
He will be based in the Denver office and will report to Paul Weissman, senior managing director.
Jonathan Rose Cos. Names Managing Director of Development
Fred Harris has been named managing director of development at Jonathan Rose Cos. in New York.
He will direct the expansion and diversification of the firm’s nationwide development portfolio.
Harris served for more than a decade as senior vice president at AvalonBay Communities, where he was the lead executive for the New York development team, which developed more than 5,000 apartments during his tenure. Most recently, as owner of Fred Harris Real Estate Development, he served as consultant to some of the area’s leading developers, including AvalonBay, Hartz Mountain, L+M Development Partners, CIM Group, and Kaufman New Ventures.
Harris has also served in prominent real estate roles in the nonprofit and government worlds, including executive vice president for real estate development at the New York City Housing Authority and deputy general counsel for real estate and finance and director of real estate at the Metropolitan Transportation Authority.
Walker & Dunlop Adds to Multifamily Finance Team
Jeffrey Ringwald and William Jackson have joined Walker & Dunlop’s multifamily finance group in the company’s Dallas office.
Ringwald, senior vice president and managing director, and Jackson, senior vice president, have originated a combined $2 billion of senior housing loans across the country through a wide variety of capital sources including Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development (HUD).
Prior to joining Walker & Dunlop, Ringwald and Jackson were both at Arbor Commercial Mortgage.
Walker & Dunlop headquartered in Bethesda, Md., is one of the nation’s largest commercial real estate finance companies, providing financing and investment sales to owners of multifamily and commercial properties.
CHFA Names General Counsel
Charles K. Knight has been named general counsel at the Colorado Housing and Finance Authority (CHFA).
As general counsel, Knight is a key member of CHFA’s executive management team, overseeing all aspects of CHFA’s legal and enterprise risk function, and leading CHFA’s in-house legal staff, internal audit and compliance. Knight advises CHFA’s board of directors and staff in all legal matters relating to the administration and operation of CHFA and its programs.
He succeeds Charles Borgman, who recently retired after serving as general counsel since 2004.
In his prior role, Knight founded Venture Law Advisors, a legal advisory firm representing emerging Colorado and California businesses. He served on CHFA’s board of directors from 2011 to 2015.
New York Mortgage Coalition Promotes Senn
The New York Mortgage Coalition (NYMC), a nonprofit organization that helps families achieve responsible homeownership, has promoted Rebecca Senn to executive director.
In her new role, she works with community-based organizations, financial institutions, private-sector institutions, and consumers in providing the tools necessary for successful homeownership. She also shares best practices, including the use of technology and data to inform NYMC’s work.
Senn joined NYMC in 2012. In her previous roles at NYMC, she oversaw HUD’s Housing Counseling Grant Program.
Pennrose Announces Promotion
Michael Pico has been promoted to chief human resources officer at Pennrose, which announced a new structure to oversee all human capital initiatives for the organization.
In his new role, Pico will lead these activities and serve as the senior champion for Pennrose employees’ success. He will manage the intertwined responsibilities of supporting hiring, onboarding, employee support, and learning and development.
Pico joined Pennrose in November 2014 as vice president of learning and employee development.
HUD Names Northwest Administrator
Donna Batch has been named HUD’s Northwest regional administrator for a four-state region that includes Alaska, Idaho, Oregon, and Washington.
She will serve as HUD’s chief liaison to state and local elected officials, congressional delegations, and other stakeholders. She will also coordinate the delivery of HUD programmatic and financial support in housing, community, and economic development to 56 housing authorities, 227 federally recognized tribes and Alaskan native villages, 59 state, county, and local governments, and more than 400 projects serving the homeless in the region.
Batch began her federal service with HUD as an economic development specialist for the department’s Office of Community Planning and Development in 1999 and served as the Deputy regional administrator the last five years.
Capital One Appoints SVP for Commercial Real Estate Lending
Lisa Greeley has become senior vice president for commercial real estate lending at Capital One. In this role, Boston-based Greeley is responsible for term loans, construction loans, and lines of credit to locally based sponsors for Capital One’s commercial real estate business in the greater Boston region.
Greeley has more than 30 years of experience in the commercial real estate and loan production industries. Most recently, she served as senior vice president, commercial real estate regional manager at Citizens Bank.