Gorman Welcomes Indiana Market President
Trent Claybaugh has been named the Indiana market president for Gorman & Co., a leading affordable and workforce housing developer and owner.
He moves up to the post after serving as a development project manager in the Wisconsin market."This promotional opportunity will provide Gorman a physical and dedicated presence in a state that recently established a new and robust state housing tax credit and fits well into our company's strategic growth plan,” said president and CEO Brian Swanton.
Claybaugh joined Gorman & Co. in 2021 after working as an asset manager for The Wisconsin Housing Preservation Corp.
The Fortune Society Names Leader
Stanley Richards will become president and CEO of The Fortune Society, starting Jan. 1, 2024.
Deputy CEO of the New York City-based nonprofit, Richards will succeed JoAnne Page, who is retiring after leading the organization for 34 years.
Having begun his professional career with The Fortune Society more than 30 years ago, he will bring lived experience and a deep understanding of The Fortune Society’s mission to his new role. A formerly incarcerated man of color, Richards has dedicated his life to criminal justice reform and reentry initiatives, beginning first as a reentry counselor at Fortune—where he worked his way up the ladder and took on various leadership positions—to becoming the first formerly incarcerated person to serve as the first deputy commissioner of programs and operations at the New York City Department of Correction.
Founded in 1967, The Fortune Society has advocated on criminal justice issues and is nationally recognized for developing model programs that help people with criminal justice histories to be assets to their communities. Its Fortune Academy, also known as The Castle, is a pioneering housing development that opened more than 20 years ago. Today, Fortune operates housing in all five boroughs:
Walker & Dunlop Expands Affordable Equity Team
Pete Antonopoulos has been named senior managing director of Walker & Dunlop’s Affordable Equity team, formerly Alliant Capital, and Warren Horvath has been named managing director of the firm's affordable housing team.
In conjunction with senior managing director Dudley Benoit and managing director Drew Foster, Antonopoulos will be responsible for the firm’s low-income housing tax credit (LIHTC) equity investor relations.
Walker & Dunlop’s Affordable Equity team makes this addition in alignment with an effort to achieve a five-year $1 billion annual LIHTC equity raising goal.
Antonopoulos has almost 20 years of experience in commercial real estate and asset management. Prior to Walker & Dunlop, he worked as an executive vice president of fund investment opportunities at The Richman Group. There, he specialized in investor relations, investment due diligence, and upper-tier fund modeling.
Horvath will be responsible for sourcing conventional, programmatic joint-venture equity for affordable housing owners and operators and brings over 20 years of housing investment and finance experience to the team.
He has overseen or been directly involved in more than $9 billion of housing transactions, representing over 75,000 units. Prior to joining Walker and Dunlop, Horvath was senior vice president of capital markets advisory for a leading global real estate firm. He has served as head of capital markets for The Michaels Organization and president of Mercy Community Capital.
The Affordable Equity team’s portfolio exceeds $14 billion in assets under management and has provided housing for over 400,000 low-income families, seniors, and veterans.
CSH Announces Senior Leadership Appointment
Robin L. Robin has been named chief people and administrative officer at the Corporation for Supportive Housing (CSH).
Robin will oversee human resources and recruitment, information technology, and administration for the national nonprofit intermediary and Community Development Financial Institution, with approximately 170 employees across the country and Puerto Rico and six office locations.
Robin will serve as CSH’s chief strategist on nurturing its diverse and talented workforce, including employees with multifaceted backgrounds and expertise, as well as employees with personal experiences in housing instability, food insecurity, or child welfare and justice systems.Previously, Robin was director of human resources at Primary Care Development Corp.
Industry Veterans Joins CDT
Michelle Militello has been appointed senior vice president, equity asset management, at The Community Development Trust (CDT).
She will lead CDT’s equity asset management group, which oversees a $3.1 billion national portfolio of more than 22,000 rental units.
Militello is headquartered in New York and will manage a team of seasoned asset managers who oversee CDT’s portfolio.
She began her housing career at Bank of America/Merrill Lynch, where she oversaw a $3.74 billion tax credit investment portfolio. She later held senior asset management positions at Pennrose and Fairstead.