IFF Announces Promotions

IFF has promoted three veteran staff members to new leadership roles designed to help the Chicago-based organization fulfill its new 2018-2022 strategic vision:

Matthew Roth
Matthew Roth

· Matthew Roth, a veteran community banking executive and IFF’s COO since 2013, is now president of IFF’s Core Business Solutions. In this role, he will lead and grow IFF’s top-rated, U.S. Department of the Treasury–certified community development financial institution (CDFI), overseeing an over $500 million managed loan portfolio, structured finance team, and real estate consulting business. Roth also will lead IFF’s efforts to raise an additional $390 million in debt capital to support its new strategic plan;

Kirby Burkholder
Kirby Burkholder

· Kirby Burkholder, a long-time IFF staff member who has worked in both real estate and lending capacities in the Chicago, Detroit, and St. Louis regions, is now president of IFF’s Social Impact Accelerator. This new division will lead IFF’s commitment to systems change and community transformation, a key goal of its new strategic plan. The accelerator integrates IFF’s research and evaluation practice, talent management, and proactive real estate development efforts, as well as special teams focused on transforming sectors such as early-childhood education, schools, and services for people with disabilities; and

Victoria Lakes-Battle
Victoria Lakes-Battle

· Victoria Lakes-Battle brings 25 years of executive-level community development finance experience as well as significant nonprofit connections to the role of IFF’s first-ever executive director for the Chicago region. She will provide broad strategic oversight of the organization’s full range of services in IFF’s oldest and largest market.

While past IFF strategic plans have focused on growing the organization—more loans, more states, and additional services–the new 2018-2022 vision emphasizes how to fully leverage IFF’s considerable resources and expertise to create social impact and systems change, said organization leaders.

Over the last two strategic plans spanning 10 years, IFF has grown from about 45 employees working in Illinois to 100 employees working in seven Midwest offices and serving nine states as well as adjacent metropolitan areas. IFF’s managed assets have grown from $175 million in 2009 to more than $600 million by the end of 2016.

Alliant Capital Announces VP of Originations

Macy Kisilinsky has been named vice president of originations at Alliant Capital, a low-income housing tax credit (LIHTC) syndicator headquartered in Woodland Hills, Calif. He will be responsible for the acquisition of LIHTC properties in the mid-Atlantic states and Michigan.

Macy Kisilinsky
Macy Kisilinsky

Kisilinsky has over 20 years of experience in affordable housing and real estate development. Prior to joining Alliant, he gained tax credit expertise working as an originator on public housing finance and Rental Assistance Demonstration transactions, as well as with a housing authority using public housing funds to finance LIHTC transactions. He has held positions at PNC Bank, National Equity Fund, and the Housing Authority of the City of Pittsburgh.

Founded in 1997, Alliant Capital is a leading national tax credit syndication company that provides financing and equity for the acquisition, development, and rehabilitation of affordable multifamily housing throughout the United States and its territories.

Audubon Enterprises Adds to Team

Audubon Enterprises, a Washington, D.C.–based financial advisory firm focused on public private real estate development has added industry veteran Carolyn “Carrie” Fischer to its team.

Carolyn “Carrie” Fischer
Carolyn “Carrie” Fischer

Prior to joining Audubon, Fischer served as a multifamily loan underwriter for the District of Columbia Housing Finance Agency, where she was responsible for underwriting tax-exempt bond and 4% housing tax credit financing and coordinating the closing process among public and private partners. In her time at DCHFA from 2016 to 2018, Fischer oversaw the issuance of over $323 million in tax-exempt bond financing supporting over $655 million in development in Washington, D.C., resulting in the production or preservation of 1,637 affordable housing units. Prior to DCHFA, Fischer was responsible for asset management and underwriting support at NeighborWorks Capital.

Audubon and its principals have closed over $500 million of development financing to support the production and preservation of more than 2,000 units of mixed-income housing across multiple jurisdictions, including over $140 million in 2017.

Richman Picked to Lead NJHMFA

Charles A. Richman, who has more than 40 years’ experience in state government, has been appointed executive director of the New Jersey Housing and Mortgage Finance Agency (NJHMFA). For the past 31 years, Richman had worked at the New Jersey Department of Community Affairs (DCA), where he spearheaded effective policy in areas of affordable housing, fire safety, community planning and economic revitalization, and budget development. He was responsible for regulatory reform in a variety of building and housing codes; evaluations of municipal operations; formulation of legislative strategies; preparation of department budgets and priorities; contract management; and supervision of operating divisions.

In the aftermath of Superstorm Sandy, he helped lead efforts in providing displaced families with housing options and in administering federal Community Development Block Grant Disaster Recovery funds to assist homeowners, renters, and local governments in their Sandy recovery and rebuilding efforts.

He recently served as DCA commissioner, a position he had held since June 2015.

NJHMFA, a DCA affiliate, is New Jersey’s state housing finance agency. It provides funding to developers to create quality homes and provides mortgage loans, downpayment, and closing-cost assistance to help homebuyers.

AHEPA Management Wecomes Assistant Project Manager

Cyndee Meyer has joined AHEPA Management Co. (AMC), a property manager for affordable senior housing nationwide, as assistant project manager.

Cyndee Meyer
Cyndee Meyer

In her new post, she will be responsible for assisting with the development and construction management of new buildings and the upkeep and repairs of existing affordable senior housing facilities of the company.

Meyer brings 18 years of experience in design and construction to AHEPA Management. Previously, she served as project coordinator for Browning Construction, an Indianapolis-based general contractor. She has also been employed as estimating technician for Ryan Fire Protection and as architectural administrator for Pedcor Design Group.

AHEPA Management Co. is a wholly owned subsidiary of AHEPA National Housing Corp. and was established in 1991 to provide on-site property management and maintenance for all AHEPA National Housing Corp. communities. AHEPA Management Co., a nonprofit organization, supports 92 apartment buildings throughout the United States.

H.J. Russell & Co. Names VP of Property Management Division

H.J. Russell & Co., one of the largest minority-owned real estate development and construction services firms in the United States, has appointed Mack Hancock to vice president of property management. He rejoined the company in 2016 after a 12-year hiatus working for other companies.

Mack Hancock
Mack Hancock

Until this promotion, he had been serving in another role with Russell. Now as a member of the executive leadership team, Hancock will be responsible for all

property management operations. He brings more than 26 years of hands-on asset and property management executive experience to the Atlanta-based firm.

Prior to joining Russell, Hancock served as the executive vice president and COO of HSI Management and Housing Systems. Prior to that, he was senior vice president and director of operations for Corcoran-Jennison Management and Beacon/CJ Management, a multi-state property management and development firm based in Boston.

Dominium Announces New Hires

Dominium, a Minneapolis-based leading apartment owner, developer and manager, has announced several new hires. All are based in the firm’s home office in Plymouth, Minn.

· Yinka Akinsanya has been named a corporate accountant. He is primarily responsible for cash management, financial reporting, and corporate credit card administration. Prior to joining Dominium, Akinsanya worked at Wells Fargo;

· Vanessa Luksik has become a financial reporting accountant. In her new role, she is responsible for processing construction payables and preparing construction audit packages. She also records construction drawings for Dominium projects. Previously, Luksik was an accountant team specialist at Archway Marketing Services;

· Ryan Watt has been hired as a development analyst. He is responsible for underwriting potential new construction, acquisition, and rehabilitation LIHTC transactions. He also tracks project construction processes and provides market analysis of potential project areas. Previously, Watt was a leasing agent at Coldwell Banker, a real estate intern at American Family Insurance, and a development intern at Dominium;

· Melissa Dehmer has been named a marketing analyst. In her new role, Dehmer is responsible for the marketing, advertising, and budgeting aspects of designated Dominium portfolios. She also analyzes the effectiveness of Dominium’s marketing avenues and manages property websites. Previously, Dehmer was a creative marketing specialist at Waymouth Farms; and

· Angela Solarz has been hired as a corporate accountant. She is responsible for managing the DMS Checkbook Program, as well as overseeing bill backs and money transfers and wires. Before joining Dominium, Solarz worked at Lindstrom Metric as an accounting assistant.