Gorman Names Director of Development
Megan Schuetz has rejoined Gorman & Co. to serve as director of development and will be integrally involved in the firm’s public housing work and Wisconsin market.
She brings nearly 20 years of affordable housing experience, with expertise in low-income housing and historic tax credits and the Rental Assistance Demonstration program, along with many other soft funding sources. Schuetz will also provide strategic direction and oversee implementation on new development opportunities.
She previously served as a development associate at Gorman & Co. for about 12 years, leaving in 2018 to join another Wisconsin-based development organization.
Industry Veterans Joins Conifer Realty
Shannon Bodnar has been appointed vice president, compliance and administration, at Conifer Realty, a leader in the investment, development, and management of affordable housing.
Bodnar brings more than 25 years of experience in multiple areas, including compliance and property and asset management. She recently served as senior vice president of compliance for Fairstead Management from 2020 to 2023 and oversaw a compliance portfolio that included 16,000 units in 18 states. Earlier, she was compliance director, affordable East, for Related Management Co. and managed a compliance portfolio of 17,000 units in 10 states.
Conifer has developed more than 21,000 affordable housing apartments across more than 300 residential communities.
Pennrose Announces Promotions
Pennrose, a leading affordable, mixed-income, and conventional housing developer, has made two leadership promotions.
Marsha Blunt has been named president of Pennrose Management Co. Her responsibilities include supporting the Pennrose development team in the acquisition and development of affordable and multifamily housing, including supporting new development underwriting, lease-up and transition management, succession planning, housing partner relations, and public policy.
Blunt has been part of the Pennrose team since 2006, serving as regional property manager and later regional vice president, where she oversaw 2,400 units in New Jersey and Pennsylvania. Most recently, she served on the executive team as vice president of operations, where she provided property management oversight for communities across Maryland, Pennsylvania, Washington, D.C., and the Southeast.
Margot Elton-Ratliff has been appointed vice president of operations. She will provide direct oversight of the Pennrose transition management team and its interactions with development, operations, and community impact teams. Together with the senior leadership team she will evaluate the effectiveness of Pennrose’s internal processes and interdepartmental collaboration, develop recommendations for efficiency in reporting structures, and implement policies to improve procedures, processes, and workflow.
Elton-Ratliff joined Pennrose in 2016, most recently serving as director of development operations, where she championed the goals of the developer’s strategic plan. She also maintained development responsibilities for projects in Delaware, New Jersey, and Pennsylvania.
Enterprise Announces Syndication Team Move
Enterprise Housing Credit Investments has announced three key personnel moves.
Katie Porter has been promoted to associate originator focusing on Alaska, Maryland, North and South Carolina, Virginia, Washington, and Washington D.C. In her seven years as an underwriter at Enterprise, she underwrote over $450 million in equity investments to create over 3,275 homes. Prior to joining Enterprise, Porter was a developer at Community Roots Housing, a Seatle-based nonprofit real estate organization. In this capacity, she was ultimately responsible for managing and developing the pipeline; supervising the development team; overseeing development projects; and representing the organization to investors, funders, and stakeholders.
Ryan Rosoff has been promoted to associate originator covering Kentucky, Ohio, and West Virginia, leading origination efforts. He has been with Enterprise for six years; he previously served in the role of senior underwriter, where he was responsible for underwriting and closing equity investments utilizing federal low-income housing and other tax credits. In total, Rosoff has 13 years of experience in low-income housing tax credit (LIHTC) syndication, originations, and underwriting. Previously, he worked on the underwriting team for National Equity Fund as a senior project manager. During his career, he has underwritten and closed $1.043 billion in equity investments across 77 affordable housing properties.
Claire Parisa has joined the organization as an originator covering Northern California and supporting Enterprise’s Oregon origination efforts. Parisa comes to Enterprise with nine years of experience in LIHTC syndication, housing finance, and real estate development. Previously, she worked on the acquisitions team for Red Stone Equity Partners, as an associate director at the California Housing Partnership, and a project manager for the Tenderloin Neighborhood Development Corp. During her career, Parisa has contributed to the creation and preservation of over 6,000 affordable homes ($1.46 billion in LIHTC equity). She serves on the faculty of University of California, Berkeley’s College of Environmental Design, where she teaches two graduate-level affordable housing finance and development classes.