Beacon Communities Announces Chief Administrative Officer
Tim Sullivan has been named chief administrative officer at Beacon Communities, a Boston-based industry leader in affordable and mixed-income property development.
He will be responsible for the overall financial strategy and oversight of information technology, human resources, and accounting and finance.
Sullivan most recently served as managing director and head of the housing finance and New England region for the public finance department at UBS. Before joining UBS in 2017, he spent 15 years at MassHousing, where he served as executive director, deputy director, head of rental lending, and chief financial officer. Sullivan also has significant experience working in Massachusetts government, including serving as the state's budget director and finance director.
LHC Executive Director to Depart
Joshua G. Hollins, executive director of the Louisiana Housing Corp. (LHC), has submitted his resignation to join the private sector, announced agency leaders.
Hollins has led LHC for the last year and a half. Under his administration, the agency has administered more than $500 million in Community Development Block Grant-Disaster Relief funds, issued more than $200 million in mortgage revenue bonds, and issued the first taxable bond series in the organization’s history, according to officials.
He is scheduled to remain at LHC through the end of September. Afterward, Hollins will be joining a national investment banking firm specializing in public finance for municipal governments and affordable housing.
Fairstead Names Managing Directors
Rob Dunn has been promoted to managing director, asset management, and Noah Hale has been promoted to managing director, development, at Fairstead. Both are based primarily in the company’s Florida office.
With almost two decades of real estate industry experience, Dunn serves as head of Fairstead’s asset management group, overseeing the firm’s portfolio of affordable, market-rate, mixed-income, and workforce communities.
Hale offers expertise in acquisition, rehabilitation, and development of affordable and mixed-income housing. His experience spans different regions, ranging from the recently approved redevelopment of 532 new homes at Samuel Madden Homes in Alexandria, Virginia, to the 250-unit rehabilitation of Goodlette Arms affordable senior housing in Naples, Florida.
United Church Homes Welcomes VPs
United Church Homes (UCH), an Ohio-based leading provider of senior living and health care services, has announced the appointment of two members to its executive team. Megan Kelley has joined as vice president of general counsel, and Kevin Deegan has been appointed as vice president of corporate ventures.
With more than 15 years of experience in the legal field, Kelley has successfully navigated complex regulatory landscapes and has a proven track record of providing sound counsel to organizations in the health care industry. Her commitment to ethical practices and her passion for ensuring the well-being of older adults align with UCH’s mission of enhancing the lives of seniors.
Deegan brings a robust background in business development and strategic planning to UCH. His extensive experience in identifying growth opportunities, forming strategic partnerships, and executing innovative initiatives will be instrumental in driving the organization forward and expanding its reach in the senior living industry.
UCH serves nearly 7,000 residents in its more than 90 owned and managed market-rate and affordable housing communities in 15 states and two Native American nations.
KeyBank Expands Originations Team
Zammy Arcos has joined KeyBank’s Community Development Lending and Investment (CDLI) team as a senior relationship manager to expand the firm’s equity originations activity. She is based in Charlotte, North Carolina.
Arcos will focus on community development banking efforts in North Carolina and the Northeast region.
She brings more than 15 years of experience focused on community development and commercial real estate to KeyBank. Arcos spent much of her career at Bank of America across the Midwest and Southeast markets in the Community Development Banking Group, where she most recently served as a credit officer focused on construction and permanent debt financing as well as tax credit equity investments for the acquisition, construction, and rehabilitation of affordable housing.
JPMorgan Chase Announces NMTC Senior Banker
Melissa Pillars has been named New Market Tax Credit originations senior banker at JPMorgan Chase. Based in Chicago, she will cover the Central region.
Pillars has been with Chase for nearly 19 years. She was previously in business banking, where she was the Great Lakes government nonprofit area manager responsible for a team of specialized bankers that focused on governments, municipalities, school districts, and nonprofits in the Midwest.
She has held various roles within the organization dating back to her first role as a part-time teller. She was also a personal banker, a business relationship manager, and a business banking area manager.