Regions Affordable Housing Names Leaders
Regions Affordable Housing announced Victor Sostar and David Payne will lead an expanded nationwide effort in serving the affordable housing marketplace.
Each will serve as co-head of origination while focusing on key geographic areas. Payne’s team will be dedicated to securing financing opportunities for affordable housing developments across the Southeast and Texas while Sostar and his team will focus on the Northeast and Midwest, along with strategic opportunities in westernstates.
Sostar brings over 39 years of experience in real estate and finance to the role, most recently serving as Regions Affordable Housing’s head of underwriting. Based on Long Island, he is on the boards of the New York State Association for Affordable Housing and the National Housing & Rehabilitation Association.
Payne brings 18 years of expertise to the role, focusing on real estate, finance, and relationship management. In previous roles, he served Regions in underwriting and relationship management functions. Based in Dallas, Payne serves as president of the Louisiana Association of Affordable Housing Providers and vice president of the Mississippi Association of Affordable Housing Providers.
Regions Affordable Housing is a national low-income housing tax credit (LIHTC) investor and syndicator. In addition, Regions Bank is one of the nation’s largest participants in affordable housing finance through the LIHTC program and by providing banking and capital market services to developers and investors. The bank is also a Fannie Mae DUS multifamily affordable lender and a Department of Housing and Urban Development (HUD)/Federal Housing Administration affordable lender.
Metcalf Joins Terner Center for Housing Innovation
Ben Metcalf has been named managing director of the Terner Center for Housing Innovation at the University of California at Berkeley. He joins faculty director Carol Galante in leading both the expansion and deepening of Terner Center’s work in solving housing affordability challenges through policy, practice, and innovations.
Prior to joining the Terner Center, Metcalf was appointed in 2015 by former California Gov. Jerry Brown to lead the state Department of Housing and Community Development (HCD), a role he held until 2019. Metcalf was instrumental in the passage and implementation of the 2017 Housing Package and oversaw the department during a period of significant expansion of the state’s financial and regulatory reach into housing and land-use matters.
Prior to joining HCD, he worked at HUD in Washington, D.C., including as an appointee of President Obama in the role of deputy assistant secretary. Before that, he developed mixed-income and mixed-use communities with California-based BRIDGE Housing. He is the principal and founder of Stronger Foundations, a housing policy and practice consulting firm.
Churchill Stateside Announces Promotion
Daniel Duda has been promoted to senior vice president and national director of originations and acquisitions at Churchill Stateside Group (CSG), a real estate and renewable energy financial services company.
Based in Clearwater, Fla., Duda is responsible for overseeing debt and equity origination for both affordable and market-rate properties across the United States. With his promotion, he has become part of CSG’s senior management team.
Throughout his career at the company, Duda has been responsible for originating loan and equity transactions totaling more than $500 million. He is on the board of the Council for Affordable and Rural Housing and is a frequent speaker at many industry events across the country.
Creative Living Hires Communications Veteran
Theresa Vivona has been named to lead the marketing and advancement team at Creative Living, a Columbus, Ohio-based nonprofit that provides affordable, independent living for adults with severe physical disabilities.
Vivona, who most recently led the marketing and mission activities for Immaculate Conception Parish in Clintonville, Ohio, brings a quarter-century of experience in marketing and public relations to the organization, including 14 years as president and owner of boutique marketing firm Wooden Rooster Communications.
As part of her role, Vivona will be responsible for all branding, PR, advertising, web, and social media efforts, as well as three annual fundraising events, donor relations initiatives, and communication, grant submissions, and volunteer engagement.
AEI Consultants Boosts HUD Services Division
AEI Consultants has expanded its HUD-related service offerings with the addition of James Rice, who will serve as vice president of HUD AEC (Architecture, Engineering and Construction) Services.
A 20-year industry veteran, Rice will provide architectural planning and cost review services for construction and substantial rehabilitation projects that will be funded or insured through HUD.In previous roles, he has completed HUD Capital Needs Assessments, Phase I Environmental Site Assessment, and managed hundreds of construction projects across the United States. He has extensive experience in Project Capital Need Assessments, and architectural review and cost estimation project management as well as training in numerous accessibility standards.
Based in the San Francisco Bay Area, AEI is a consulting firm that provides comprehensive services, including environmental, property, and facility assessments; zoning and energy consulting; site investigation and remediation; industrial hygiene; and construction risk management.
Dominium Announces New Hires
Dominium, a Minneapolis-based leading apartment owner, developer, and manager, has added new members to its team.
Cindy Yang has joined the firm as a recruiting coordinator in the firm’s home office in Plymouth, Minn. She will assist site recruiting staff and hiring managers in the hiring process, including candidate sourcing, resume screening, scheduling, phone screening, interviewing, coordinating assessments, drafting and extending offer letters, reference checking, and processing pre-hire candidates, as well as providing administrative support to HR.
Kyle Beaulieu has joined the firm as a corporate accountant in the Plymouth office. He is responsible for general ledger coding, journal entries, account reconciliation, and analysis to ensure accurate financial reporting for the management company, as well as supporting the corporate card program for both the management and development company.