Enterprise Names New CEO
Terri L. Ludwig has been appointed president and CEO of Enterprise Community Partners, Inc. She will step into the top post Jan. 1, 2011.
Ludwig has been with Enterprise for the past year, serving as executive vice president and COO.
She takes over for Doris W. Koo, who will remain a senior adviser at Enterprise.
Ludwig brings 25 years of investment banking and nonprofit leadership to the organization. From 2002 to 2009, she served as president of the Merrill Lynch Community Development Co. Prior to Merrill Lynch, Ludwig was president and CEO of ACCION New York, the largest nonprofit micro-lender in the United States.
McCormack Baron Salazar Announces Finance V.P.
Laurel J. Tinsley has joined McCormack Baron Salazar as vice president of finance, director of New Markets.
She will focus on the St. Louis–based firm's New Markets and solar tax credit investments but will also work on projects involving a wide range of other development incentives and tax credits.
A former partner at Husch Blackwell Sanders, Tinsley brings to the development firm more than 10 years of experience as a transactional attorney, with a focus on New Markets, historic, and low-income housing tax credits.
Pinnacle Names Compliance Executive
Pinnacle, an international real estate management firm, has named Deanne Davis vice president of compliance and internal audit.
She is based in Orlando, Fla., and will oversee Crest Compliance and internal audit.
Davis was previously executive vice president of compliance at Riverstone Residential, where she oversaw affordable housing compliance, audits and investigations, and regulatory and licensing issues for more than 30,000 affordable housing units. Pinnacle manages a portfolio of apartment, office, and industrial assets, including nearly 185,000 multifamily units.
Research Director Joins Harvard's Joint Center
Christopher E. Herbert has been appointed research director of the Harvard Joint Center for Housing Studies.
He has returned to Harvard after 13 years as a senior associate at Abt Associates, where he directed numerous studies for the Department of Housing and Urban Development.
Before joining Abt, Herbert was a senior research analyst at the Joint Center.
BRIDGE Adds Executive
Kimberly McKay has joined BRIDGE Housing as executive vice president for Southern California.
It is a newly created position at BRIDGE, a leading nonprofit developer in the state.
McKay was recently senior vice president at The Related Cos. of California, where she managed all aspects of developing multifamily affordable housing projects on the West Coast, with a focus on large public housing revitalization projects.
McKay has also served as a vice president at Related Capital Co. and a senior project manager at Mid-Peninsula Housing.
Downs Joins Nixon Peabody
Affordable housing attorney Gary P. Downs has joined the Nixon Peabody firm. He will be based in the San Francisco office.
His arrival expands Nixon Peabody's affordable housing practice on the West Coast.
Downs was previously with Pillsbury Winthrop, where he led the public fi- nance practice and was co-head of the affordable housing practice.
He has a broad range of experience in capital market and real estate transactions, including municipal finance matters. His real estate practice includes tax, joint venture, public-private partnerships, acquisition and disposition, land use, regulatory work, and complex fi- nancings. He is active in both Department of Housing and Urban Development and rural housing development transactions.
Marchetta Heads N.J. Agency
Anthony Marchetta became the executive director of the New Jersey Housing and Mortgage Finance Agency on Sept. 1.
He joins the agency after recently serving as vice president of LCOR, where he managed multifamily and mixed-use projects throughout the region. He also has 13 years of publicsector service, including 10 years as executive director of the Middlesex County Department of Housing and Community Development.