Evergreen Real Estate Group Announces Executive Appointments
John Kennedy has joined Evergreen Real Estate Group as executive vice president of operations. In addition, the firm has promoted Mary Mauney from regional supervisor to vice president of property management.
Chicago-based Evergreen Real Estate Group is a fully integrated multifamily company that develops, acquires, and manages affordable and market-rate multifamily apartments for both seniors and families across 10 states.
In his newly created position, Kennedy will oversee Evergreen’s national property management portfolio, which comprises more than 8,000 units. Prior to joining Evergreen, he was senior vice president at Related Management, with responsibility for the firm’s 7,000-unit Midwest affordable housing portfolio. Prior to that, he worked for Metroplex, a Chicago-based property management firm specializing in affordable housing communities.
As Evergreen’s newly appointed vice president of property management, Mauney will work alongside Kennedy in managing the day-to-day operations of the firm’s portfolio. In addition, she will continue to leverage her experience working with state and federal agencies to secure tax credits needed to finance new developments. She also will ensure individual communities meet various reporting requirements in order to maintain their affordable status.Before joining Evergreen, Mauney worked as a regional property manager for two multifamily companies in Atlanta, which focused on rural housing, Sec. 8, and low-income housing tax credit (LIHTC) funding.
MidPen Names COO
Janine Lind has been appointed COO of MidPen Housing Corp., a nonprofit that has developed over 8,000 affordable homes for residents across 11 Northern California counties and employs nearly 450 people.
In this newly created role, Lind will oversee ongoing business operations for MidPen, driving toward operational excellence and promoting interdepartmental collaboration. As COO, she will have responsibility over MidPen’s day-to-day operations allowing Matthew O. Franklin, president, to focus on strategic planning, new partnerships, and sector advocacy. MidPen’s property management and resident services departments will report to Lind as will the human resources and IT departments.
A seasoned real estate executive with 25 years of experience in property management, Lind’s expertise spans affordable, market-rate, senior, workforce, privatized military, and both single- and multifamily housing.
She joins MidPen most recently from Progress Residential in Arizona where, as senior vice president, she was responsible for the strategic direction and execution of managing over 23,000 single-family rental homes. Prior to Progress, Lind held leadership roles at Edgewood Management in Maryland, Guardian Management in Oregon, and WinnCompanies in Massachusetts.
CSH Appoints Senior Policy Advisor
Ann Oliva, former Department of Housing and Urban Development (HUD) deputy assistant secretary, has been named senior policy advisor to the president and CEO of CSH.
At CSH, she will assist in the development of strategic goals and policies that facilitate integration between homeless systems and affordable housing resources, increase local capacity to implement comprehensive strategies that encourage collaboration among systems, and institutionalize opportunities for persons with lived experience in homelessness and supportive housing to provide meaningful input in planning efforts in communities throughout the country.
While at HUD, Oliva served as deputy assistant secretary for special needs, which oversaw the Office of HIV/AIDS Housing and the Office of Special Needs Assistance Programs, the unit that manages HUD's homeless programs. She was also the director of SNAPS, where she managed over 8,000 competitive and formula grants with an annual budget of over $2 billion. During her tenure at HUD, Oliva designed and implemented a $1.5 billion Recovery Act Program and overhauled HUD's homeless and regulatory portfolio.
KeyBank Announces Moves
KeyBank has promoted Tiffany Durr to vice president and senior relationship manager and hired Robbie Lynn as a vice president and senior mortgage banker to expand community development lending and investment activity across the Mid-Atlantic and Southeast in Alabama, Delaware, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington, D.C., and West Virginia.
The move aims to extend KeyBank’s community development lending and investment platform from 15 to 50 states.
Durr oversees debt solutions such as construction, acquisition, and bridge to resyndication loans for owners, investors, and developers of affordable housing for the Community Development Lending & Investment (CDLI) team in the Southeast.
Lynn is responsible for affordable housing loans utilizing KeyBank’s partnerships with Fannie Mae, Freddie Mac, Federal Housing Administration (FHA), community development lending, tax-exempt private placement bonds, and many other services for KeyBank Real Estate Capital.
In the near-term, Durr and Lynn will prioritize preserving and developing affordable housing in the mid-Atlantic region where the need is pressing. Washington, D.C., ranks as the second-highest area in the country for wage required to afford an average two-bedroom rental home, Maryland ranks fourth highest and Virginia ranks 11th highest, said KeyBank officials, citing data from the National Low Income Housing Coalition.
Churchill Stateside Adds to Team
Churchill Stateside Group (CSG), a real estate and renewable energy finance company, has announced the hiring of three new staff members.
Michael E. Spain is vice president, East regional officer. Based in Clearwater, Fla., Spain has joined the firm as a regional production officer and is responsible for originating debt and equity solutions for new construction, rehabilitation, acquisition, and refinancing of both affordable housing and market-rate properties within the Southeast. Prior to joining CSG, he was an attorney, primarily focused on defending maritime and transportation claims.
Jerry Schmahl is vice president, Midwest regional officer. Based in Chicago, Schmahl has joined CSG as a regional production officer and is responsible for CSG's debt and equity product origination of HUD, U.S. Department of Agriculture—Rural Development, construction, and LIHTC and historic equity products in the Midwest. He brings three decades of experience in the economic and community development field that includes the origination, underwriting, negotiating, and closing of investments in developments supported by historic, housing, and New Market Tax Credits. Prior to joining CSG, Schmahl was a member of an acquisitions team, where he helped developers and investors fund the renovation of properties with historic credits. His experience also includes nearly a decade of service as program manager of affordable housing and community development investment for a large pension fund.
Charles Kane is vice president, asset management. Based in Clearwater, Kane is responsible for monitoring all of the operational and compliance aspects of the portfolio. He has over 10 years of asset management experience with a focus on the management of large portfolios as well as audit and distribution related analyses. Previously, Kane worked at a large publicly held tax credit syndication firm, where he was responsible for portfolio management and led the creation of a tracking and collection system for project distributions and fees for over 1,000 partnerships.
HAC Names Director of Training and Technical Assistance
Shonterria Charleston has been named director of the training and technical assistance division at the Housing Assistance Council (HAC).
In a career spanning several positions at HAC, she most recently has served as program and training manager, she oversaw HAC’s RCDI program, Veterans Initiative, and training activities. Having served in the Army, Charleston champions and cares deeply about the many issues and challenges veterans encounter.
As the director, she will supervise the division and HAC’s regional offices. She will also lead preparations for HAC’s 2018 national conference.
Charleston takes over the post from Jeff Mosley, who worked at HAC for nine years. He leaves for New Zealand as a 2018 Ian Axford Fellow in Public Policy. Mosley's work will focus on how underserved communities access capital for developing affordable housing and community facilities, while also looking at capacity building support resources for community-led organizations.
Managing Director Joins Berkeley Point
Jim Rice has joined Berkeley Point Capital as a managing director in the firm’s Portland, Ore., office. With over 20 years in mortgage banking, he has extensive experience in all aspects of loan originations including Freddie Mac, Fannie Mae, FHA/HUD, and life insurance companies. He has financed approximately $5 billion worth of real estate during his career and earned top producer awards on numerous occasions.
Previous to Berkeley Point, Rice served as senior managing director and branch manager of Berkadia Commercial Mortgage in Portland. Prior to that, he served at Barings Multifamily Capital and CBRE Capital Markets.
MMHA Hires Two
The Maryland Multi-Housing Association (MMHA) has added two new associates. Aaron Greenfield will serve as the director of government affairs, and Gio Medoro will serve as the marketing and events assistant.
As a lawyer, Greenfield has represented real estate and corporate interests and brings extensive lobbying experience to new role. He has lobbied on behalf of businesses, nonprofits, and professional associations in various industries. As director of government affairs, Greenfield will represent the owners and managers of more than 190,000 residential rentals before state government, the Maryland General Assembly, and at the local levels.
Medoro comes to MMHA from COR365 Information Solutions, an IT company located in Raleigh, N.C., where he served as the marketing intern.
MMHA is a professional trade association with a membership consisting of owners and managers of more than 193,000 rental housing homes in 820 apartment communities. MMHA also represents companies that manage over 35,000 condominiums and homeowner’s associations in over 250 communities.
