Greystone, a leading commercial real estate finance company, is launching a low-income housing tax credit (LIHTC) syndication platform to support the development of affordable housing across the country.
Greg Voyentzie, who recently served as CEO of Boston Financial, has been named to head the new business.
“After a gratifying tenure at Boston Financial, I was drawn to the opportunity to complement Greystone’s unique combination of affordable housing debt, equity, and development expertise with a tax credit syndication platform to help fund the creation of new housing,” Voyentzie said in a statement. “Institutional investors recognize that a company’s values are reflected in its work, and Greystone’s commitment to affordable housing, as well as its caring culture and philanthropic mission, are truly undeniable. I am thrilled to join the firm and make an impact for affordable developers nationwide.”
He served over 24 years at the company and during his time there was responsible for managing, underwriting, structuring, and originating tax credit equity funds totaling more than $16 billion. Before joining Boston Financial, Voyentzie was a manager at PricewaterhouseCoopers and a senior associate within Ernst & Young national tax practice.
“It has been a longtime goal to add tax credit syndication to Greystone’s broad financing and investment platform, and Greg is the perfect fit to lead this new initiative,” said Steve Rosenberg, founder and CEO of Greystone. “With his nearly 30 years of experience building out opportunities for both investors and developers in the affordable housing market, he will be an asset to the firm in achieving its affordable housing goals while building new relationships with investors and developers.”According to the company, having a LIHTC syndication platform will further expand its relationships with institutional investors to deploy capital for new affordable housing communities, create jobs, generate tax revenue to municipalities, and positively enhance the lives of seniors, minorities, veterans, and those with disabilities.
The firm is a top Federal Housing Administration, Fannie Mae, and Freddie Mac lender.
