CHA Names CEO
Tracey Scott has been named CEO of the Chicago Housing Authority (CHA), one of the nation’s largest public housing agencies.
Scott is currently the interim executive director and CEO of the Minneapolis Public Housing Authority and also has held senior roles with the Atlanta Housing Authority. She has over 25 years of leadership experience working to expand access to housing for low-income households across the country.
Scott was nominated by Mayor Lori Lightfoot on March 6 and approved by the CHA board. She is expected to start her work as CEO in May.
She takes over from Eugene Jones Jr., who resigned CHA’s top post last year. James L. Bebley has been serving as acting CEO.
CHA provides homes to more than 63,000 households.
BRIDGE Housing Names Delphine Sherman EVP and CFO
Delphine Sherman has been appointed executive vice president and CFO of BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing in California, Oregon, and Washington.
She previously served as the CFO for the Haas School of Business, University of California at Berkeley, a top public business school with $160 million in annual revenues and a $350 million endowment. Prior to Haas, she served as the CFO of Aspire Public Schools, a nonprofit charter management organization serving 16,000 students in low-income communities. During her nine-year tenure at Aspire, Sherman also worked as the organization’s vice president of finance and director of finance.
Cinnaire Appoints CFO
Brett Oumedian has been named CFO of Cinnaire. He brings more than 20 years of finance expertise to the role, serving most recently as Cinnaire’s controller for the past seven years.
He succeeds Christopher Cox, who served Cinnaire since 1995 and announced his retirement in January.
As CFO, Oumedian will be charged with managing the firm’s fiscal functions. He will play a key role in facilitating financial strategy development along with providing leadership over capital allocation and business funding. He will also have a crucial role in maintaining relationships with partners, investors, and lenders.
Prior to joining Cinnaire, Oumedian was a manager with the national consulting and accounting firm Plante Moran. He has expertise in the real estate and construction industry and has guided clients nationally to achieve business success through the establishment of sound financial processes.
IIn another move, Rachel Siminski has been named controller at Cinnaire. She will be responsible for Cinnaire’s accounting operations, internal controls, budgeting, tax affairs, financial reporting, and forecasting. Siminski has been an accounting manager at Cinnaire since 2019.
Cinnaire is a nonprofit that supports community and economic revitalization initiatives through low-income housing tax credit syndication, creative investments, loans, and development services. Since 1993, it has invested $4.2 billion to develop 717 housing communities in 10 states, providing 47,000 affordable apartment homes for more than 100,000 individuals and families.
Hunt Real Estate Capital Appoints Director
Brian Adams has joined Hunt Real Estate Capital as a director. He will focus on originating Fannie Mae and Freddie Mac conventional and small-balance multifamily loans nationwide. Adams will be based in the firm’s Dallas office.
Hunt Real Estate Capital provides multifamily and commercial real estate loans nationwide. The firm’s small-balance team offers streamlined multifamily financing from $1 million to $7.5 million and was recently named a Top 3 Fannie Mae small loan lender.
Previously, Adams worked as first vice president, capital markets, at Marcus & Millichap Capital Corp., specializing in multifamily debt and equity placement. He joined the firm in January 2011 and has been involved in the origination and closing of over $1 billion of real estate financings.
Dominium Announces Hires
Marty Tuttle has been named a senior project manager at Dominium, a leading apartment owner, developer, and manager. He is based in the company’s home office in Plymouth, Minn.
Tuttle is responsible for leading construction management activities, including providing project management leadership for projects to ensure that work is completed on or ahead of schedule, on or under budget, and that all internal and external stakeholders receive open and prompt communication of goals, objectives, and timelines.
He brings over 40 years of construction experience to the role, having served as a carpenter, superintendent, project manager, operations vice president, and director of building solutions.
In another move, Dominium has named Nia Keeton as a regional property manager. She is responsible for meeting financial goals for her portfolio of properties and developing strategic initiatives for ensuring growth of net operating income.
She brings with her over 30 years of property management experience, with specialization in Section 8 and housing tax credit developments. Previously she has worked as a regional manager, a general manager, and as a director of operations. She has served on the education committee for the Apartment Association of Greater Dallas.
