Leadership Changes at Red
William E. Roberts has retired as chairman and CEO of Red Capital Group. Scott M. Laufenberg and Brian T. Kelleher were named co-chairmen and co-CEOs.
Laufenberg has served as president and chief operating officer of Red Capital Markets, Inc., Red’s broker/dealer entity, where he directed the building of the firm’s low-income housing tax credit business.
Kelleher has served as senior managing director and chief operating officer of Red Capital Group, where he has been involved in all areas of the firm.
During his 30-year career, Roberts directed thousands of multifamily project financings, municipal bond issues, and direct investments. Under his leadership, Red evolved from a three-person operation in 1990 to a company with more than 250 employees in 15 offices.
HUD Assistant Nominated
President Bush announced that he will nominate Sheila McNamara Greenwood of Louisiana to be assistant secretary for congressional and intergovernmental relations at the Department of Housing and Urban Development (HUD).
Greenwood is deputy chief of staff at the department. Prior to joining HUD, she was director of legislative affairs in the Office of the Federal Coordinator for Gulf Coast Rebuilding at the Department of Homeland Security.
LISC Announces New Hires
The Local Initiatives Support Corp. (LISC) has named six new people to help drive its work with Sustainable Communities, a program to reverse stagnation and decline in distressed neighborhoods.
They are Sandra Abramson, vice president for field resources and learning; Madeline Fraser Cook, director of LISC’s Green Development Center; Lucinda Flowers, director of the New Orleans Vacant Properties Initiative; Kevin Jordan, director of family income and wealth building; Bob Van Meter, executive director of LISC’s Boston program; and Michelle McDonough Winters, program director of LISC’s affordable housing preservation unit.
All will be engaged in LISC’s Sustainable Communities strategic plan that emphasizes capital investment in housing and other real estate; increasing family income and wealth; stimulating local economic activity; improving access to quality education; and supporting healthy environments and lifestyles.
Enterprise Names Fund Leader
Lori Chatman has been appointed president of the Enterprise Community Loan Fund.
She joined the fund in November 2004 and has been the senior vice president and chief credit officer for the loan fund.
Prior to joining the fund, Chatman was the director of lending for the Calvert Social Investment Foundation, where she managed the foundation’s $55 million portfolio of loans.
During the last five years, the Enterprise Community Loan Fund has closed 608 loans, creating more than 30,500 low-income and workforce apartments, condominiums, and singlefamily homes around the country. The $513 million in loans closed during this period leveraged another $2.6 billion in public and private investment.