Dominium Hires Developer to Lead Texas Efforts

Jeffrey Spicer has been named vice president and project partner to lead Dominium’s efforts in Texas. Spicer will be responsible for originating and overseeing new project development, financing, and acquisitions in the region.

Spicer brings nearly 25 years of affordable housing experience in Texas and across the Southwest. He will lead Dominium’s development efforts and help the firm grow its presence in the market.

Dominium has had a long-term relationship with Spicer, who has been a consulting partner for more than 10 years and helped the company enter the Texas market.

Previously, Spicer was co-founder and principal at State Street Housing Development, where he developed affordable housing in Texas and the Southwest. He currently owns more than 1,000 affordable housing units and has developed over 6,000 units. Prior to that, Spicer was senior vice president and managing director of development and finance for Southwest Housing.

Minneapolis-based Dominium is a leading owner, developer, and manager of apartment communities nationwide. It owns and/or manages more than 27,000 units at over 200 sites in 23 states.

Enterprise Hires N.Y. Director of Public Policy

Lorraine Collins has been hired as director of public policy and external affairs for Enterprise Community Partners’ New York office.

Lorraine Collins
Lorraine Collins

Collins comes to Enterprise after a decade at New York State Homes and Community Renewal (HCR), where she served most recently as assistant commissioner and director of the state’s Fair and Equitable Housing Office, a department she launched and led to carry out a statewide fair housing plan.

In her new role, she will leverage her experience in housing policy to expand Enterprise’s focus and impact at the state and local levels, furthering its mission to ensure every New Yorker has access to a stable, affordable home.

Before launching the Fair and Equitable Housing Office, Collins worked at HCR as a regional director and policy adviser, leading efforts to address affordable housing and community development needs in areas such as health and housing, resilience, education, and employment inequalities.

ICON Builders Becomes MFRG-ICON


ICON Builders, experts in the renovation of occupied affordable housing, has combined with Multi-Family Renovation Group. The succeeding company is known as MFRG-ICON Construction and will continue to be a leader in the affordable housing industry, say firm leaders.

Justin Krueger
Justin Krueger

Justin Krueger is the president and primary owner of MFRG-ICON. Prior to forming MFRG, he started his career in affordable housing renovation at ICON alongside his now partner, Allen “Kelly” Sands.
He later co-founded his own company, which under his leadership grew into a $120 million business in four years. After selling his shares in that company, he launched MFRG, which has been involved in 1,285 units of affordable housing renovation.

The new firm will draw from nearly three decades of experience to push this now $100 million annual construction business to raise the standard in occupied affordable housing renovations. ICON began in the construction and renovation of affordable housing in 1992, specializing in the renovation of tax credit, bond, and Department of Housing and Urban Development projects. The combined companies have completed more than 28,000 affordable housing units and over $1.7 billion in construction.

MFRG-ICON has offices in Scottsdale, Ariz., and Los Angeles. The company has projects in Arizona, California, Nevada, and select Eastern states.

Impact Community Capital Adds to Management Team

Michael Lohmeier, chief investment officer, and Matthew Berg, senior vice president and counsel, have been appointed to the senior management team at Impact Community Capital (ICC).

Michael Lohmeier
Michael Lohmeier

Lohmeier brings much experience in the impact investing space. As managing director for Wespath Benefits and Investments, Lohmeier oversaw all aspects of the organization’s $21 billion investment portfolio of public equity, fixed-income, real estate, and positive social purpose (PSP) investments. He was instrumental in growing the PSP program, which was developed to promote affordable housing and community development for disadvantaged communities while delivering competitive returns, to over $2 billion during his tenure. Lohmeier will be responsible for developing and executing ICC’s investment strategy, including managing existing investor relationships, developing new investors, and structuring new investment funds.

Matthew Berg
Matthew Berg

Berg brings experience in finance and commercial real estate. As an associate at the Dechert law firm, Berg advised investment banks, hedge funds, private equity funds, and insurance companies on nationwide commercial real estate acquisition and dispositions.

Berg’s experience advising CMBS securitizations significantly expands ICC’s ability to deliver capital in scale to address the critical need for affordable housing and community investment in the nation.

ICC was founded by leading insurers to promote socially responsible investments in underserved communities, becoming an early leader in making investments that facilitate social change. ICC pioneered the pooling and securitization of community investment portfolios to direct large amounts of capital for affordable housing and used federal New Markets Tax Credits to invest in community child-care and health-care facilities. It is owned by the following insurance companies: Allstate Insurance Co., Farmers Insurance Exchange, Nationwide Mutual Insurance Co., Pacific Life Insurance Co., State Farm Mutual Automobile Insurance Co., Teachers Insurance and Annuity Association of America, and 21st Century Insurance Co.

Gardner Capital Announces Director of Construction Risk Management

Corey Grab has been named director of construction risk management at Gardner Capital. In his new role, Grab will assess and manage construction costs and risks for the firm’s housing developments.

Corey Grab
Lance Tilford Corey Grab

Grab brings more than 25 years of construction management experience. Most recently, he was assistant vice president of construction risk management at U.S. Bancorp Community Development Corp., where he led a team of specialists, mitigating construction risks for various housing and commercial projects.

Gardner Capital is an affordable housing and solar development, tax credit syndication, and investment company.

DCHFA Hires Loan Underwriter

Calvin V. Jones III has joined the District of Columbia Housing Finance Agency (DCHFA) as a multifamily loan underwriter.
The position provides robust analytical assessment of multifamily deals, including the sponsor, project, and market feasibility of each multifamily loan transaction.

Calvin V. Jones III
Calvin V. Jones III

Jones has worked in the multifamily residential and commercial real estate industry for over eight years, most recently as vice president, multifamily agency finance, at Berkadia. As vice president, Jones was responsible for managing Fannie Mae production for Berkadia’s East Coast offices. Jones has also worked at PNC Real Estate as an assistant vice president and Freddie Mac as a multifamily underwriting analyst.

Greystone Appoints Managing Director

Michael Doran has become a managing director working with the agency lending team at Greystone, a real estate lending, investment, and advisory company. A 20-year commercial real estate veteran, Doran will focus on originating mid- to large-sized transactions for permanent, bridge, and construction multifamily debt. He is based in Atlanta.

Doran most recently served as a principal and portfolio manager at Prudential Mortgage Capital (now PGIM Real Estate Finance), where he oversaw the construction and bridge programs and the portfolio management and reporting team. During his 20-year tenure at Prudential, Doran also served as originations manager for the Mid-Atlantic and Southeast regions and originated regional CMBS, agency, bridge, and portfolio loans.

Previously, he served as a vice president of originations at CWCapital, focusing primarily on conduit and agency lending transactions.

Arbor Names Southeast Managing Director

Jason Scott has joined Arbor Realty Trust as regional managing director in the Southeast. He will target the region for Arbor and will focus primarily on originating agency and structured loan transactions. He is based out of Arbor’s Atlanta office.
With more than 16 years of industry experience, Scott has extensive experience delivering client-specific financing across all agency platforms as well as CMBS and structured-loan products.

For the past decade, he worked at Regions Bank, most recently serving as a director of originations. He was also at RBC Capital Markets in Atlanta in its real estate investment banking division, working on mergers and acquisitions and raising both debt and equity for public REIT clients.

Arbor is a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, senior housing, health-care, and other commercial real estate assets.