Kenney Leaves IHDA
Mary Kenney has stepped down as executive director of the Illinois Housing Development Authority (IHDA) to become director of U.S. government affairs at BMO Harris Bank.
She held the top post at IHDA for more than four years.
“After some of the most difficult years in our state's history, she will leave the authority stronger than ever, with an upgraded credit rating and new tools that spur the development of affordable housing opportunities in every market,” said IHDA in a statement.
Homes for America Names New Leader
Paula C. Sampson has been selected to be the next president of Homes for America when longtime leader Nancy Rase leaves the organization in November.
Sampson recently served for 15 years as executive director of the Fairfax County, Va., Department of Housing and the Fairfax County Redevelopment and Housing Authority. In that capacity, she oversaw an agency with an annual operating budget of $110 million and 230 employees. She was responsible for the development and preservation of almost 4,000 affordable units, issued over $600 million in bonds for housing, and worked with many complex real estate transactions.
An Annapolis, Md.–based nonprofit developer, Homes for America was founded in 1994 by Rase and Trudy McFall.
BRIDGE Housing Hires VP of Development
Marie Debor has been named vice president of development at BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing.
She previously spent 13 years at The Related Cos., most recently as vice president of development, where she was responsible for all aspects of the development process, including financial analysis, acquisition, planning and design, entitlement processing, and financing. Debor recently completed the last two phases of the multi-phase redevelopment of Lion Creek Crossings, a former public housing site in Oakland, Calif.
At San Francisco–based BRIDGE, her work will include initially focusing on two parcels at the firm’s MacArthur Station master-planned development in Oakland.
Attorney Joins Jones Walker
Michael Lee has joined Jones Walker as special counsel in the firm's Business & Commercial Transactions Practice Group in Washington, D.C.
He has more than 30 years of experience in representing real estate developers and investors, nonprofit organizations, and public institutions in tax, real estate, and other transactional matters, including tax-exempt bond financing, affordable workforce housing, and the formation and taxation of exempt organizations.
Lee’s practice focuses on representing project sponsors and financial institutions in the use of New Markets Tax Credits and other federal tax incentives for economic development in low-income communities.
C&C Development Hires Project Manager
Joanne Ho has joined C&C Development as a project manager.
She was previously an assistant project manager with Los Angeles-based Meta Housing Corp., where she managed 14 low-income family and senior projects in various stages of project development. Ho also secured project financing from public sources and participated in identifying project sites that were appropriate for available city, state, and federal funding.
C&C is a leading Southern California affordable housing developer with projects underway in Camarillo, Carlsbad, Irvine, Orange, Rancho Cucamonga, San Marcos, and Santa Ana.
Capital One Names SVP
Allison Holland has been appointed senior vice president for Capital One’s Seniors Housing and Healthcare Agency Lending Group.
She will serve as originations manager for Fannie Mae and Freddie Mac lending and will also be an originator for Capital One’s Federal Housing Administration (FHA) and health-care balance sheet lending business.
Prior to joining Capital One, Holland was a senior vice president for the Healthcare Mortgage Banking Group at KeyBank Real Estate Capital.
Berkeley Point Makes Moves
Tom White recently started his new role as a director in originations for Berkeley Point Capital. He has moved over to the production side after most recently serving as the firm’s chief underwriter.
White will continue to operate out of the Bethesda, Md., office, developing new and existing relationships as well as providing borrowers with the company’s spectrum of multifamily products and capital solutions.
David Lundin has joined Berkeley Point as chief underwriter of the firm’s FHA lending operations. He is responsible for leading the underwriting team in its efforts to underwrite and close FHA multifamily and health-care loans nationwide. He is a 25-year industry veteran with vast knowledge of the Department of Housing and Urban Development (HUD) multifamily programs.
Prior to joining Berkeley Point, Lundin founded and managed Hampden Park Capital, a Massachusetts-based HUD-approved lender that specializes in nonprofit affordable housing. He also served in various capacities at CWCapital, including as the deputy chief underwriter of the firm’s national FHA platform and as senior manager of the Northeast region.
Pillar Expands Texas Team
Colin Whittier has been named a director at Pillar, a Guggenheim Partners affiliate and an industry leader of financing solutions for affordable and conventional multifamily properties. He is part of Pillar’s multifamily loan origination team in the Frisco, Texas, office.
Whittier is responsible for structuring and funding capital for the acquisition and refinance of multifamily real estate assets across all of Pillar’s product lines, including Fannie Mae, Freddie Mac, HUD, life insurance companies, and commercial mortgage-backed securities providers.
Prior to joining Pillar, he served as a director at Prudential Mortgage Capital; vice president at KeyBank Real Estate Capital; and an assistant vice president at Collateral Mortgage/Grandbridge.