NEWS HEADLINES

AHIC Names Executive Director

By Donna Kimura

The Affordable Housing Investors Council (AHIC) has named Karen J. Muchin as the association’s first executive director.

“Karen brings to the position a thorough understanding of low-income housing tax credits (LIHTCs) and has held several leadership roles within the industry,” said Sindy Spivak, AHIC president and senior vice president at Bank of America Merrill Lynch. “Karen will be instrumental in promoting AHIC’s overall mission to increase knowledge of the benefits of investing in LIHTC properties, educate corporate investors on all aspects of affordable housing, and discuss issues of importance to investors.”

Muchin worked as an originator in the direct affordable housing unit at JPMorgan Capital Corp. for the past 12 years. She has closed numerous LIHTC transactions in multiple states.

She also worked at IFF, an Illinois-based community development financial institution, and was co-director of the Congressional Human Rights Caucus, one of the largest legislative service organizations in the U.S. House of Representatives.

Muchin will participate in AHIC’s spring meeting March 10-12 in Washington, D.C.

AHIC is a nonprofit organization comprised of corporations that invest in affordable housing.