California Developer Names CEO
Nancy Conk has been named CEO of Cabrillo Economic Development Corp. (CEDC), a nonprofit affordable housing and community development corporation active in Ventura and Santa Barbara counties in California.
She brings more than 20 years of experience to the role, including serving 15 years as executive director of the Santa Barbara Community Housing Corp. and the Community Housing Opportunities Corp. in Davis, Calif. She also served as director of housing policy and development at the Sacramento Housing and Redevelopment Agency and as a client manager in community development lending for Bank of America in Sacramento.
Conk takes over the top post at CEDC from founding executive Rodney Fernandez, who stepped down after 30 years of service. Since 1981, CEDC has built more than 1,400 affordable forsale and multifamily rental homes.
First Sterling Adds To Team
Mary Dorn has joined First Sterling, a low-income housing tax credit syndicator, as an acquisitions associate.
She will focus on tax credit equity originations nationwide, with a primary focus on the Midwest.
Dorn joins First Sterling after working at GE Capital and four years at Related as an acquisitions analyst.
Segel Joins R4 Capital
Jay Segel has joined R4 Capital, Inc., as an executive vice president.
Based in Boston, he is responsible for developing the tax credit syndication and asset management firm's affordable housing business throughout the Southeast.
Segel brings with him more than 18 years of acquisitions and originations experience in affordable housing and real estate. He recently spent several years with a regionally based syndication and development firm, where he led the origination efforts. Prior to that, Segel was a principal with MMA Financial where he spent eight years in the acquisitions and originations group.
NeighborWorks Names Director of Development Division
Sarah McGraw Greenberg has been appointed director of the development division at NeighborWorks America, one of the nation's largest community development corporations.
She will provide strategic leadership to the organization's partnership and resource development efforts.
Greenberg moves to the post after serving as senior manager for community stabilization within the organization's national initiatives and applied research division, leading the group's efforts to mitigate the impact of foreclosed properties on communities.
She joined NeighborWorks America in 2007 from the National Trust for Historic Preservation.
Walker & Dunlop Announces VP
Dale Brem has joined Walker & Dunlop, LLC, as vice president and deputy chief underwriter of the firm's Federal Housing Administration (FHA) finance department.
Prior to joining the company, Brem was FHA chief underwriter at KeyBank Real Estate Capital, Inc., where he managed underwriting activities for FHA agency loans, including multifamily and health care properties. He will be based in the Dallas office.
Gillespie Joins Centerline
Jim Gillespie has joined Centerline Capital Group as managing director of affordable housing debt.
He will be responsible for debt originations throughout the United States, focusing on increasing the firm's debt volume in the Northeast and for developing new products to expand the debt platform. He will be based in Centerline's New York office.
Prior to joining the firm, Gillespie was managing director of Red Stone Partners.
AHC Management Appoints CEO
James Ponder has been appointed CEO of AHC Management, LLC, an Arlington, Va.-based property management firm established in 2000. It is a for-profit subsidiary of AHC, Inc., a nonprofit developer of affordable housing in the mid-Atlantic region.
Ponder has held senior positions with several firms, including SunTrust Bank, AIMCO, and Boston Financial/ Winn Residential.
Spound Joins Red Stone
James D. Spound has joined Red Stone Partners, LLC, as president of its tax-exempt bond fi- nancing division.
Prior to joining the firm, he was a senior managing director of Centerline Capital Group and co-head of that firm's commercial real estate division, where he helped establish and lead the direct-purchase bond program.