Auger Leaves Florida Housing
Steve Auger has resigned as executive director of Florida Housing Finance Corp.
He leaves the agency after a state audit criticized the agency for hosting a “lender appreciation dinner” for 210 attendees in 2015. The $52,548 event featured filet mignon, broiled lobster tail, and a bar with deluxe brand liquors, according to the operational audit.
While the agency responded that the dinner, which has been held every other year, plays an important role, the expenses were featured in the audit and in local news reports.
Auger had served as executive director of Florida Housing since 2005.
LHP Capital Announces CEO
Carey Parker has been promoted to CEO of LHP Capital, a national affordable housing firm with headquarters in Knoxville, Tenn.
Parker has been with the firm since 2003, recently serving as senior vice president.
LHP Capital, along with its operating companies—LHP Development and LHP Management—is a developer and manager of multifamily housing properties with a primary emphasis on affordable housing. As CEO, Parker will have oversight of LHP’s three divisions and will continue to serve as chairperson of the firm council, which is charged with organizational and strategic planning for the company.
Parker’s appointment was announced by Phil Lawson, LHP chairman.
Lancaster Pollard Expands in Mid-Atlantic, Northeast
Lancaster Pollard’s housing group announced that Adam Diehl will expand his territory in the Mid-Atlantic and Northeast regions to cover nine states.
Diehl was promoted to vice president in early 2016 to provide investment and mortgage
banking finance services to clients in Maryland, Virginia, and Washington, D.C. This year, he will also be responsible for clients in Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, and West Virginia.
Since joining Lancaster Pollard in 2009, Diehl has provided analytical support on a range of bond transactions and mortgage loans for construction and refinance projects totaling approximately $380 million. He has experience with a wide array of financing programs, including Federal Housing Administration (FHA) mortgage insurance, Fannie Mae multifamily affordable housing programs, taxable and tax-exempt bonds, U.S. Department of Agriculture guaranteed loans and low-income housing tax credits (LIHTCs).
Diehl will be working out of Lancaster Pollard’s main office in Columbus, Ohio.
MassHousing Promotes Two
MassHousing announced that two longtime staff members have been promoted to new positions in the agency’s homeownership business line.
Lisa Fiandaca has been promoted to the position of director of homeownership production and will oversee MassHousing’s efforts to provide affordable home mortgage loans to low‐ and moderate-income residents as well as the agency’s relationships with partner lenders that originate MassHousing loans. She will also oversee the agency’s mortgage insurance fund and business development. Fiandaca has served as a business development officer at MassHousing since 2005 and has 35 years of experience in the mortgage lending field.
Steve Payson has been promoted to the position of director of homeownership lending operations, which includes lending operations, product development, and secondary marketing activities. Payson joined MassHousing in 1995 and has over 30 years of mortgage banking
experience in both the private and public sector and has held management positions in loan origination, operations, specialized lending, and risk management.
MassHousing is the state’s quasi‐public affordable housing lender. The agency raises capital by selling bonds, issuing mortgage‐backed securities, and selling loans to Fannie Mae and Freddie Mac, and uses the proceeds to make loans to eligible low‐ and moderate‐income homebuyers. MassHousing relies ona network of more than 150 lenders across the commonwealth to originate its loans.
WinnCompanies Announces Promotions
WinnCompanies, an award-winning multifamily property developer and manager headquartered in Boston, announced several staff promotions.
Lynne Chase has been promoted to executive vice president and will be joining the company’s executive leadership team. She has led the company’s accounting department as senior vice president since 2005 and has been a part of the WinnCompanies’ team for more than 25 years.
In this new position, Chase will assume responsibility for all fiscal functions of WinnResidential, including corporate accounting and treasury management, as well as property management accounting and reporting functions for properties managed by WinnResidential and WinnResidential Military Housing Services. She will manage more than 110 employees in three functional areas that include accounting and reporting, treasury and cash management, and accounts payable.
As part of the company’s executive leadership team, she will work closely with the WinnCompanies board of directors to develop and implement long-range plans and strategies to direct the organization’s growth.
The firm also announced other executive promotions across its residential and military housing businesses:
· Martin McNeil has been promoted to vice president, facilities, at WinnResidential Military Housing Services;
· Julie Barr Plexico has been promoted to senior vice president, accounting, at WinnResidential Military Housing Services;
· Lorraine Witunski has been promoted to vice president, human resources, at WinnCompanies;
· Nicole Salmieri has been promoted to vice president, marketing, at WinnResidential; and
· Andrew Lund has been promoted to regional vice president at WinnResidential.
Arbor Names Managing Director in Cleveland
Brian Jones has been named regional managing director in Arbor Realty Trust’s Cleveland office. Arbor is a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, senior housing, health-care, and other diverse commercial real estate assets.
Jones will be responsible for originating Arbor senior housing and health-care loans using the firm’s leading Fannie Mae, Freddie Mac, FHA, and bridge financing products.
He has over 20 years of experience in the senior housing, health-care, and affordable housing sectors. His expertise includes structuring acquisition, rehabilitation, and new construction transactions with bridge loan, agency loan, and equity executions.
Prior to joining Arbor, he was a vice president with a national lender where he was responsible for financing senior housing and health-care transactions.