BRIDGE Housing Names EVP
Kurt Creager has joined BRIDGE Housing as executive vice president, overseeing the company’s real estate development activity in Washington state.
He has more than 30 years of leadership experience in community development and finance in both the public and private sectors. As director of the Portland (Ore.) Housing Bureau, he managed an annual budget of $215 million, a pipeline of 3,000 affordable homes, and a portfolio of 14,000 rent-regulated apartments citywide. Previously, he served as director of housing and community development for Otak, a Portland-based architecture and engineering firm.
Creager also served a 16-year tenure as CEO of the Vancouver (Wash.) Housing Authority, where he developed 3,500 units of housing, completing one project on average every eight months, including 2,000 units of workforce housing. The agency also reduced its reliance on federal funding from 85% of the operating budget to 45%. He also served as chief of housing and economic development for Metro King County in Washington.
He serves on the board of the Housing & Development Law Institute in Washington, D.C., and has received numerous regional and national awards, including the M. Justin Herman Award for achievement in creating affordable housing and transforming communities from the National Association of Housing & Redevelopment Officials; the Hammer Award from vice president Al Gore for reinventing government for Central Park Place, 124 units of permanent supportive housing; and the Friend of Housing Award from the Washington State Housing Finance Commission.
Humphreys & Partners Appoints CEO
Megan Dimmer has been named CEO of Humphreys & Partners Architects. She most recently served as chief strategy officer at the firm.
Mark Humphreys will continue on as chairman.
For the past 27 years, Humphreys & Partners Architects has provided industry-leading planning, architectural and interior design, civil engineering, and landscape architecture to clients around the world. The Dallas-based firm has extensive experience in high-rise, mid-rise, student, senior, affordable, tax credit, moderate, and luxury communities.
Hunt Real Estate Capital Names COO
Tyler Griffin has joined Hunt Real Estate Capital as COO. She will be based in the firm’s New York headquarters.
Griffin was COO at Dwight Capital, where she established the firm as a Federal Housing Administration (FHA)/Multifamily Accelerated Processing lender with Ginnie Mae servicing capabilities. During her tenure at Dwight Capital, she was responsible for a servicing portfolio that exceeded $3 billion and more than $1.2 billion in annual loan production. Earlier in her career, Griffin was with Capital One Multifamily Finance as senior director, head of FHA programs, and also held key roles at Beech Street Capital and Metropolitan Funding Corp.
Hunt Real Estate Capital, part of Hunt Cos., is a leader in financing commercial real estate throughout the United States.
Bellwether Enterprise Appoints SVP
Tony Love has been appointed senior vice president of Bellwether Enterprise Real Estate Capital in the company's Cleveland headquarters.
Love will work as part of the affordable group, employing his experience with FHA underwriting and Department of Housing and Urban Development (HUD) programs. As senior vice president, he will draw on his expertise in loan origination to help Bellwether Enterprise’s clients find flexible and competitive financing solutions. Love has over two decades of experience in mortgage banking, with particularly experience in affordable and conventional multifamily housing.
Love joins Bellwether Enterprise, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, after serving as president of Rose Community Capital, a Cleveland-based subsidiary of Jonathan Rose Cos., where he was responsible for processing and closing HUD-insured loans for third-party project sponsors. Earlier in his career, he worked at Forest City Capital as a vice president for FHA lending for over 20 years.
Churchill Stateside Group Announces New Production Officers
Churchill Stateside Group (CSG), a real estate and renewable energy financial services company, has added Jeff Cresto and William E. Rahuba to its national acquisitions and originations team.
Based in Southern California, Cresto is vice president, West Coast regional officer. He 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 Western region of the United States.
Prior to joining CSG, Cresto was the loan funding manager for a premier multifamily affordable housing lender located in Los Angeles, where he was responsible for the conversion of the permanent loan on 4% and 9% low-income housing tax credit (LIHTC) deals located throughout the state. Prior to that, he worked as an associate responsible for underwriting commercial Fannie Mae and Freddie Mac multifamily loans.
Rahuba is vice president, Southwest regional officer. He is based in Austin, Texas, 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 Southwest region of the United States.
Prior to joining CSG, Rahuba was employed at nationally recognized LIHTC syndicator as an originations officer and responsible for the origination, financial underwriting, and up-front feasibility review of LIHTC transactions in the Southeast.
Dominium Hires Compliance Technician
Sheila Culp has been named a compliance technician at Dominium, a Minneapolis-based leading apartment owner, developer, and manager. She is based in Texas.
Culp will be working with the various program types within Dominium’s portfolio. She will mainly be responsible for the daily management and maintenance of compliance for site operations, including quality control file review and approval.
DCHFA Announces Promotions
Christopher Miller has been named senior director of housing investments at the District of Columbia Housing Finance Agency (DCHFA). He is responsible for the agency’s innovative investments in the creation of affordable for-sale housing in the District.
Prior to joining DCHFA in 2017, Miller was a senior analyst at Fannie Mae, where he worked on strategic projects and transactions across the multifamily, single-family, risk, and capital markets divisions of the company. He previously worked as an analyst for Capital Automotive REIT structuring sale-leaseback real estate transactions.
Tracy Parker is the new senior assistant general counsel in the DCHFA’s Office of the General Counsel. She supports the general counsel and acts in a fiduciary relationship and provides legal advice and interpretation related to the acquisition, structuring, negotiation, financing, and development of affordable and mixed-income projects. Her broad range of operational duties includes corporate governance, risk management, compliance, contract and procurement matters, freedom of information act, and civil litigation. Over her career she has structured and negotiated transactions with a collective value of over $2 billion.
KeyBank Adds Five Underwriters to Support CDLI Growth
KeyBank Community Development Lending & Investment (CDLI) announced that it has hired five underwriters.
The CDLI platform brings together balance sheet, equity, and permanent loan offerings to finance the preservation and development of affordable housing and other community development projects.
Keven Ruf, Stephanie Curtis, Laura Janosko, Derek Reed, and Michelle Kennedy bring expertise in community development, real estate development, and tax credit financing from public and private-sector experience.
Ruf joined the Seattle office as a senior affordable housing underwriter. Most recently, Ruf supported local governments, learning institutions, and other community-based organizations as part of the asset management community development team at the National Development Council.
Curtis has extensive credit underwriting, development risk, and asset management experience. She joined the Boston office as a senior affordable housing underwriter. Previously, Curtis managed the construction development and lease-up for a national portfolio of more than 25 multifamily and senior LIHTC or historic tax credit affordable properties at Boston Financial Investment Management.
Janosko joined as an affordable housing underwriter in Cleveland. She is experienced in affordable housing, including tax credit programs like LIHTCs, New Markets Tax Credits (NMTCs), and historic tax credits. She recently prepared market and feasibility studies and appraisals as an analyst at Novogradac & Co.
Reed joined the Cleveland office as a senior affordable housing underwriter. Reed joins the CDLI team from the income property group at KeyBank, where he was a real estate capital portfolio manager for more than three years.
Kennedy joined as a senior affordable housing underwriter in Chicago. She came from Fannie Mae, where she served as a credit risk manager focused on multifamily affordable housing. Kennedy also has five years’ experience in underwriting on the community development banking team at JPMorgan Chase, including LIHTCs, NMTCs, and construction and permanent loan analysis for residential and commercial proprieties in low- and moderate-income communities.
NorthMarq Multifamily Names Managing Director
Shane Shafer, a real estate professional with over 20 years in the business, has joined NorthMarq Multifamily in the Los Angeles regional office.
A top apartment broker in Southern California, he will partner with the multifamily financing experts at NorthMarq Capital, one of the nation's largest and most prominent capital markets platforms, which has close relationships with Freddie Mac, Fannie Mae, FHA/HUD, CMBS lenders, and hundreds of local, regional, and national banks and life companies.
Maryland Multi-Housing Association Names Government Manager
Jessie Keller has joined the Maryland Multi-Housing Association (MMHA) as government and community affairs manager.
In this role, she will help promote and enhance the image of the rental housing industry, MMHA, and its owner manager members through government relations and strategic marketing and communications programs. Keller will play a key role in lobbying and advocating at the local and state levels. Most recently, she served as district aide for Howard County councilman Jon Weinstein.