Affordable Housing Finance is recognizing six individuals 40 and younger who are playing vital roles in the creation and preservation of affordable housing across the nation.
The 2016 Young Leaders represent the debt, equity, policy, and preservation sides of the affordable housing industry.
Since 2008, AHF has been honoring young men and women who are helping to build organizations and finding innovative ways to deliver affordable housing. The Young Leader award was created as a way to celebrate and support the development of a new generation of leaders.
This year’s Young Leaders are:
Jason Bordainick: As managing partner and co-founder of the six-year-old Hudson Valley Property Group with childhood friend Andrew Cavaluzzi, Bordainick has a vision to build a nationwide platform to preserve affordable housing. The firm owns properties in Florida, Maryland, New Jersey, and New York and is looking to acquire another 1,500 apartments by the end of 2016;
Emily Cadik: Recently named director of public policy at Enterprise Community Partners, Cadik has been instrumental in advocating for the expansion of the low-income housing tax credit (LIHTC). In addition to making the case for the LIHTC on Capitol Hill, she is responsible for coordinating the outreach for the Affordable Rental Housing ACTION Campaign, which has grown to more than 1,300 organizations, and leading Enterprise’s annual Legislative Action Day;
Anand Kannan: President of Community Preservation Partners, the development arm of syndicator WNC, Kannan has grown the firm’s portfolio from approximately 1,000 units to more than 4,600 units, with total development costs reaching $750 million. The firm, which specializes in the recapitalization and rehabilitation of aging affordable housing developments, has another 1,000 units in this pipeline for the upcoming year;
Angela Kelcher: After working on the equity and construction lending sides, Kelcher joined Fannie Mae in 2004. Since assuming her role as director of multifamily affordable lending for the government-sponsored enterprise four years ago, Kelcher has lead the development of several new product to add value to the affordable housing community and, with her team, has provided more than $8 billion in financing for affordable rental housing;
Stephanie Kinsman: Senior vice president of investor relations at Red Stone Equity Partners, Kinsman has 10 years of experience in LIHTC syndication. Over the past decade, she has participated in the origination and syndication of approximately $1.75 billion in tax credit investments. She is a key member of the Red Stone team, managing several key proprietary investor relationships in addition to playing a role in the firm’s multi-investor LIHTC product offerings; and
Sarah Malone: Director of fund management at Ohio Capital Corporation for Housing, Malone is responsible for the underwriting and management of the firm’s multi-investor, proprietary, and secondary equity funds as well as the management of lower-tier investment closings. During her tenure at OCCH, she has been involved in the underwriting, closing, and investing of over 22 separate investment funds totaling over $2 billion.
The Young Leaders will be honored at AHF Live: The Affordable Housing Developers Summit, which will be held Nov. 15-17 at the Hyatt Regency in Chicago. You can read more about them in the October issue of the magazine and online at www.housingfinance.com.