Glen Becomes NYC Deputy Mayor
Alicia Glen, who recently headed the Urban Investment Group at Goldman Sachs, has become New York City’s deputy mayor for housing and economic development.
She was appointed to the post by new Mayor Bill de Blasio, who added “housing” to the title. Early in his career, de Blasio served as a regional director for the Department of Housing and Urban Development during the Clinton administration.
Glen will lead the administration’s efforts to invest in emerging industries across the five boroughs, retarget unsuccessful corporate subsidies, build a new generation of affordable housing, and help New Yorkers secure good-paying jobs that can support a family.
De Blasio also charged her with coordinating his administration’s efforts to build and maintain 200,000 units of affordable housing, and turn around the city’s housing authority.
Cabrillo Hires CFO
Debbie De Vay has become CFO of the Cabrillo Economic Development Corp. (CEDC), a nonprofit affordable housing developer based in Ventura, Calif.
She previously served as controller for the National Childhood Cancer Foundation in Arcadia, Calif.
In her new role, De Vay will serve on CEDC's senior management team and lead an accounting staff of six. CEDC has total assets of more than $40 million, with diverse business lines including affordable housing development, construction, and property management with a property portfolio of 22 communities.
WNC Promotes Kannan
Anand Kannan has been named president of Community Preservation Partners (CPP), a subsidiary of WNC.
Kannan joined WNC in 2010 as vice president of CPP, which was founded in 2004 to address the growing need to preserve the aging affordable rental housing stock across the country. He has more than 12 years of direct experience in the development and preservation of affordable housing.
WNC is a national investor in real estate and community development initiatives and a low-income housing tax credit syndicator.
Bellwether Enterprise Adds to Team
Mike Meyer has joined Bellwether Enterprise Real Estate Capital as chief underwriter for Fannie Mae and Freddie Mac loans. He is based in the firm’s Columbus, Ohio, office as part of its agency platform.
Meyer was with Red Mortgage Capital, where he worked as part of the Fannie Mae underwriting and closing group for the past eight years, most recently as managing director and deputy chief underwriter.
Va. Nonprofit Names New Leader
Jaymar Joseph has been named executive director of the Falls Church Housing Corp. in Falls Church, Va.
The organization is seeking to expand its mission of preserving affordable housing into other Virginia communities.
Joseph recently served as principal of the Consortium Development Group, following his tenure as senior development manager for the National Foundation for Affordable Housing Solutions.
NeighborWorks Names Regional VP
Vanitha Venugopal has been hired by NeighborWorks America as regional vice president for its Pacific region.
She is responsible for NeighborWorks operations and business relationships throughout Alaska, California, Hawaii, Oregon, and Washington.
The NeighborWorks America Pacific region is comprised of 32 NeighborWorks organizations providing a variety of community development services to nearly 34,000 people and responsible for more than $850 million in total direct investment in communities.
Venugopal had served as program director, community development and investment, for the San Francisco Foundation.
South Mississippi CEO Resigns
Demetria Simpson, CEO and president of South Mississippi Housing and Development Corp., has resigned from the affordable housing nonprofit.
The organization has appointed Judith Moran as interim CEO and president. She has been development director.
Simpson is becoming executive director of R³SM, a regional United Way agency committed to long-term community recovery.
Settlement Housing Names Executive
Alexa Sewell will be the new chief executive of Settlement Housing Fund, effective Feb. 1.
She takes the reins from Carol Lamberg, who has led the nonprofit affordable housing organization since 1983, helping to create and sustain nearly 9,000 units throughout New York City.
Most recently, Sewell was senior vice president for corporate strategy and external affairs at The Community Preservation Corp., a nationally recognized leader in affordable housing finance. She was also deputy commissioner and chief of staff for the New York City Department of Housing Preservation and Development, responsible for policy development and external affairs. She also worked in Washington as staff to the appropriations committee, as a policy analyst for the National Alliance to End Homelessness, and as a presidential management fellow with the Department of Housing and Urban Development (HUD).
Watt Appoints Advisers at FHFA
Mel Watt, director of the Federal Housing Finance Agency (FHFA), announced the appointments of four special advisers—Megan Moore, Bob Ryan, Eric Stein, and Mario Ugoletti.
Moore will join as special adviser—intergovernmental. Moore has worked at the Treasury Department since June 2009, most recently as deputy assistant secretary for housing, small business and TARP in the Office of Legislative Affairs.
Ryan will serve as special adviser—industry. Ryan most recently served as a senior vice president of capital markets at Wells Fargo Home Mortgage. From 2009 to 2012 he was a senior adviser to HUD Secretary Shaun Donovan and served as the first chief risk officer at the Federal Housing Administration.
Stein will serve initially as special adviser and acting chief of staff and later will become special adviser—consumer. He previously worked at Self-Help and the Center for Responsible Lending for 17 years, most recently as senior vice president.
Ugoletti has served as a special adviser to the acting director of the FHFA since 2009 and has been appointed by Watt as special adviser—agency. Prior to joining the FHFA, Ugoletti spent 14 years at the Treasury Department and served as director of the Office of Financial Institutions Policy from 2004 to 2009.
Greystone Adds to Senior Team
Greystone, a national provider of multifamily mortgage loans, announced two senior executive additions to its Portfolio Lending Group.
Jeff Elm joins as managing director, production, based in Austin, Texas. Elm has spent most of the last 25 years in senior production and origination roles on a national and regional basis and has extensive lending experience originating bridge and permanent loans at Wells Fargo, NationsBank, Prudential, and MetLife.
Matt Grodd has become senior vice president in the firm’s New York office and is a member of the investor liaison team to Greystone’s institutional co-investors. Grodd was previously at TriLyn Investment Management, where he was responsible for originating, underwriting, and structuring subordinated commercial real estate debt.
Centerline Announces West Director
Darrell Clark has been promoted to Western region director at Centerline Capital Group.
He will be responsible for originating Fannie Mae small loan transactions in Arizona and California. Clark will be based in Centerline’s Irvine, Calif., office.
Clark joined Centerline in January 2010 as a senior underwriter and moved into the deputy chief underwriter position in 2012. Prior to Centerline, he was with Greystone.
Greenwald Becomes Partner at Friedman
Michael J. Greenwald has become partner at Friedman, a national accounting firm.
He has served clients in a variety of industries, including financial services, technology and media, manufacturing, real estate, construction, and professional services.
Architect Meltzer Joins Firm
Marvin Meltzer, the noted architect who has specialized in affordable housing, has joined the New York City architecture and design firm Montroy Andersen DeMarco as a principal.
Meltzer has been a force shaping the city’s affordable and market-rate housing industry for nearly half a century.
He will support the firm’s commercial, office, market repositioning, hospitality, retail, and landlord services practices.
Meltzer’s affordable housing portfolio features Bradhurst Court and Malcolm Shabazz Court in Harlem as well as numerous projects in the Bronx, including the 4.5-acre Melrose Court affordable for-sale residential condominium development, the 91-unit Pelham Bay Towers, the 114-unit La Casa Del Sol Apartments, and others.