Todman Nominated to HUD Post
Adrianne Todman, CEO of the National Association of Housing and Redevelopment Officials (NAHRO), has been nominated to be deputy secretary of the Department of Housing and Urban Development (HUD).
Before joining NAHRO in 2017, Todman served as executive director of the District of Columbia Housing Authority and served in several career positions at HUD, including policy aide in both the Office of Public and Indian Housing and the Office of the Secretary, where she worked with staff across HUD’s programs on policy solutions and streaming implementation.
Columbia Residential Names Partner
Aaron Swain, president of property management and operations for Columbia Residential, has been named a partner for the company, joining Noel Khalil and Jim Grauley as owners. Swain joined the company in 2018 and brings more than 30 years of experience in the management of affordable and mixed-income housing.
During the COVID-19 pandemic, Swain has demonstrated exemplary leadership by enabling the company to successfully pivot without disruption to its operations, said officials. Since the start of the pandemic, the resident services team has assisted families by finding local and regional rental assistance resources in the amount of over $300,000 and counting. The team has also conducted wellness checks, helped deliver groceries, and provided other services.
Headquartered in Atlanta, Columbia Residential is an award-winning developer, owner, and manager of affordable and mixed-income housing. Celebrating its 30th anniversary, the company is on track to manage 10,000 affordable and mixed-income housing units in Florida, Georgia, Louisiana, and Texas in more than 70 communities by the end of the year.
Ouellette Rejoins Standard Companies
Joe Ouellette has been named chief strategy officer at Standard Cos., a new position in which he is responsible for spearheading the firm’s growth and accelerating performance.
He served as Standard’s first regional partner from 2015 through 2019, a period in which the company’s portfolio more than doubled. Ouellette has nearly two decades of executive experience in the affordable and workforce housing industry, including capital markets, asset management, acquisitions, and ownership. Most recently, he was president and founder of Greenhouse Advisory, where he provided executive coaching to C-level executives and senior leaders across a range of industries and organizations. He also served nearly a decade as vice president of transactions at Aimco.
Ouellette rejoins Standard at a time when the company is launching its “50 x 30” initiative, a long-term goal to grow the company’s national portfolio to 50,000 units under ownership by 2030.
Based in Los Angeles and New York, Standard Cos. has a portfolio of over 14,000 apartment units, including more than 10,000 affordable units, and has completed more than $2.6 billion of affordable housing acquisitions and rehabilitations nationwide. The affordable housing division of Standard Cos. is Standard Communities.
Donald Becomes CEO of DCHFA
Christopher E. Donald has been sworn in as the executive director and CEO of the District of Columbia Housing Finance Agency (DCHFA).
He had been serving as interim executive director following the untimely death of DCHFA executive director and CEO Todd A. Lee in January 2020. At the time of his appointment, Donald was the agency’s senior vice president of multifamily lending and neighborhood investments division.
Prior to his tenure at DCHFA, Donald, who has nearly 20 years of experience in real estate finance, community building, and project development, served as the principal and co-founder of The Leidesdorff Group, a diversified real estate advisory firm focused on the regeneration of urban communities within the Mid-Atlantic region.
Hunt Capital Partners Announces New Hires
Hunt Capital Partners has announced seven new hires across the acquisition, project management, asset management, and underwriting teams.
Joshua Anderson, vice president, underwriting, specializes in underwriting developments financed by federal low-income housing tax credits (LIHTCs), with a focus on market analysis, property operations and due diligence, and key organization qualifications. Prior to joining Hunt Capital Partners, Anderson was assistance vice president of underwriting with an East Coast-based syndicator, where he completed primary research in evaluating LIHTC investments as well as reviewing third-party market studies and investment summaries.
Matthew Dillis, director, construction risk management, has 35 years of engineering and construction experience, with over 20 years specifically in multifamily housing. In his new role, he completes pre-construction engineering reviews and monitors projects through construction completion. He also provides engineering support throughout the LIHTC investment period, assisting with physical needs assessment and capital planning for individual assets and portfolios. Dillis has worked for a number of companies involved in different areas of the affordable housing industry.
Michael Dengler, senior director, asset management, brings over 30 years of experience in property and asset management. Prior to joining Hunt Capital Partners, he worked for several East Coast syndicators in the asset management and special servicing departments. Over the past 10 years, his responsibilities have included the supervision of six asset management teams responsible for over 700 partnerships totaling 60,000 tax credit, market-rate, senior, and supportive housing units located across the United States, Puerto Rico, Guam, and the Virgin Islands. He was also responsible for the construction and lease up of 100 partnerships annually.
My Nguyen, director, asset management, has worked in the LIHTC industry since 2010 with experience in project management, tax credit compliance, and asset management. She began working in affordable housing development at a community development corporation in western Massachusetts. She was a senior asset manager at a Boston-based syndicator. Nguyen is responsible for the asset management of over 50 properties nationwide within Hunt Capital Partners’ LIHTC portfolio.
Don Snyder, director, acquisitions, is responsible for the origination, acquisition, financial underwriting, partnership structuring, and syndication of affordable housing and historic tax credit investments nationwide. Snyder has over 18 years of experience in real estate investment and LIHTC syndication and has participated in the acquisition and syndication of approximately $950 million in tax credit investments nationwide. Snyder has worked with both nonprofit and for-profit development firms and has structured a variety of property types, including new construction and rehabilitation/adaptive-reuse projects, HOPE VI, Section 236, mixed-income, mixed-use, and historic/state tax credits.
Aiza Galdo, director, HCP Property Holdings, brings more than 20 years of LIHTC experience, managing all aspects of complex real estate finance and development transactions. She was a vice president with a large financial institution’s community lending and investment group, where she oversaw a portfolio of direct investments valued in excess of $700 million. Galdo also serves as board president of Cabrillo Economic Development Corp., a Ventura County, California-based nonprofit affordable housing developer.
Shane Gonzales, associate, project management, specializes in multifamily affordable housing with a focus on underwriting, market analysis, and property operations as well as portfolio and single asset due diligence. Gonzales is responsible for partnering with development teams, lenders, legal counsel, and other key stakeholders to structure and underwrite tax credit equity and debt. Gonzales will assist in leading these transactions through financial closing, construction, lease-up, and stabilization. Prior to joining Hunt Capital Partners, Gonzales was an underwriter at a West Coast-based syndicator.
Grace Hill Acquires Elizabeth Moreland Consulting
Grace Hill, a firm that provides technology-enabled talent performance solutions for owners and operators of real estate properties, has acquired Elizabeth Moreland Consulting, an industry leader in LIHTC and affordable housing compliance and resource training.
The two organizations have been in close partnership for two years. The acquisition brings Moreland’s extensive library of online training courses, compliance certifications, LIHTC forms and filings, and educational content to further enhance Grace Hill’s policy, training, and assessment solutions. Elizabeth Moreland, who founded in her firm in 1995, will continue consulting for Grace Hill.