Cynthia A. Parker is president and CEO of BRIDGE Housing, a leading nonprofit developer and owner of affordable housing. Since it was founded in 1983, BRIDGE has participated in the development of more than 17,000 homes.
The new Trust has raised $100 million from Citi, Morgan Stanley, Prudential Financial, the MacArthur Foundation, and the Ford Foundation.
BRIDGE is set to develop its first project outside of California with The Abigail in Portland's Pearl District.
BRIDGE Housing is part of a team that will build a 41-story, 563-unit development in San Francisco.