Kingston Leaves Century Housing
Century Housing, a nonprofit affordable housing lender based in Culver City, Calif., announced the resignation of G. Allan Kingston as president and CEO, effective Aug. 31.
Carrie Hawkins, vice chair of the board, will lead an executive search committee, and Ronald Griffith, senior vice president and general counsel at Century, was appointed acting president and CEO.
Kingston, 72, was executive director of the Century Freeway Housing Program and led the privatization of that public agency to private nonprofit status in 1995. Under his leadership, Century has helped finance the development of nearly 15,000 homes for lowincome families in more than 250 developments located throughout Southern California.
PNC Hires Real Estate Leader
Diana Reid has been named executive vice president of PNC Financial Services Group, Inc., and head of the company’s real estate finance group.
She will be responsible for PNC Real Estate Finance’s business units, which specialize in portfolio and securitized lending, agency finance, low-income housing tax credit equity investments and syndications, and commercial mortgage servicing and technology.
Reid joined PNC from Beekman Advisors, where she was a founding and managing partner.
PATH Ventures Appoints Leader
Shane Murphy Goldsmith has been appointed executive director of PATH Ventures, a Los Angeles-based nonprofit affordable housing and economic development agency.
Goldsmith is the former senior housing legislative deputy for Los Angeles Councilman Eric Garcetti.
Boston Capital to Open Northwest Office
Shain Andrews has joined the origination department at Boston Capital and will open the company’s Pacific Northwest office in Washington. He has worked at Boston Capital since 1999, most recently as regional vice president in the brokerage unit.
In his new role, Andrews will work with the firm’s developer partners to develop affordable housing in the Northwest and mountain states.
Poznik Promoted at Key
Jim Poznik has been promoted to senior vice president and national sales manager for Key Community Development Lending, which provides community development loans for lowto moderate-income neighborhoods and specializes in real estate financing for affordable housing and small businesses.
Poznik will be responsible for developing business plans and strategies, products, and services. He will also manage the group’s loan production, the existing portfolio, and employees.
Youssouf Leaves HDC
Emily Youssouf has resigned as president of New York City’s Housing Development Corp. (HDC) after leading the agency for four years. Executive Vice President John Crotty also resigned.
They are set to start an affordable housing finance division at JPMorgan Chase, according to reports.
HDC issued $1.65 billion in housing bonds in 2006.