Mercy Names Northwest President
Bill Rumpf has been named president of the Mercy Housing Northwest region. He joins the nonprofit developer after serving as deputy director of Seattle's Department of Housing since 1999. In this role, he directed the work of four program managers in the areas of rental production and preservation, asset management, home repair and weatherization, and internal corporate operations. Rumpf also established initiatives to house homeless individuals in permanent supportive housing.
He previously served as CEO of the California Housing Partnership Corp.
Citi Adds to Community Capital Team
Director Matthew Bissonette joins Citi Community Capital (CCC) as an originator in New York.
He has an extensive background in affordable housing, including being involved in more than 250 multifamily housing bond financings throughout the country, totaling more than $2.5 billion. Prior to joining CCC, he was a director at RBC Capital Markets, working as an investment banker in affordable housing bond finance. Prior to that, he was a partner with Eichner & Norris, PLLC, a Washington, D.C.-based law firm.
CCC is planning to expand its workforce by one-third, bringing the employee count to nearly 200 in the next quarter.
Riverstone Names Compliance Executive
Pat Bowen has been named executive vice president of compliance services at Riverstone Residential Group.
A 25-year industry veteran, she will oversee the low-income housing tax credit compliance, bond, and other affordable housing programs. She will also manage Riverstone's internal audit programs in the company's Quality Assurance Group.
Bowen was in property management with AIMCO for the past 14 years, most recently serving as vice president of compliance.
Recap Announces Leadership Moves
Recap Real Estate Advisors has announced that President Todd Trehubenko will become CEO, and current CEO David Smith will become chairman, effective July 31.
Trehubenko will set the strategic direction for the expanding firm. He has been a central part of the management team since joining the company in 1992 and has been president since 2007.
Smith founded Recap in 1989. As chairman, he will continue to support the firm's business development efforts with an emphasis on national financial and policy initiatives.