Linc Housing Names CFO
Erik Svensson has joined the executive team at Linc Housing as its new chief financial officer (CFO).
He will focus on capital management, board reporting, capital procurement, facility negotiation, budgeting, and financial strategy.
Prior to Linc, Svensson was the chief operating officer of LaTerra Development, a Los Angeles-based developer of multifamily and self-storage facilities. His previous experience includes leadership positions at Prologis, Watt Cos., BH Properties, and The Swig Co.
Dana Moore, who served in the role of CFO since 2021, will continue with Linc as a strategic adviser.
One of California's most productive nonprofit affordable housing developers, Linc has helped create nearly 9,700 homes in 96 communities throughout the state.
McCormack Baron Salazar Announces Moves
Kim Hartmann has been promoted to executive vice president and CFO at McCormack Baron Salazar (MBS), where she will also be joining the company's board of directors. Hartmann joined the firm in 2007 and has had a pivotal role in the company’s growth and success. In her new capacity, she will oversee financial planning, risk management, and reporting. Her appointment to the board further underscores her integral role in shaping the future direction of MBS.
Lashona McGrew has been promoted to president of McCormack Baron Management. With a distinguished career at McCormack Baron spanning over 25 years, McGrew has demonstrated exceptional leadership and a commitment to excellence. In her new role, she will oversee all aspects of property management operations, driving the company's mission to create and maintain high-quality, sustainable communities.
Ian McCormack has been named general counsel and chief credit officer. His extensive legal expertise and deep understanding of credit risk management have been instrumental in navigating the complex regulatory landscape and ensuring the company’s compliance and financial stability. In his dual role, McCormack will oversee all legal matters and credit operations, providing strategic guidance to support the firm’s development and operational goals.
Brock Armstrong has been promoted to chief investment officer. He will be responsible for overseeing the company’s investment portfolio, identifying new opportunities for growth, and ensuring the financial health and sustainability of MBS’ projects. Armstrong’s strategic insights and financial acumen are invaluable assets to the company’s continued success.
Headquartered in St. Louis, MBS is a leading developer, manager, and asset manager of affordable and mixed-income communities.
MidPen Housing Adds to Team
Amy Steadman has joined MidPen Housing as the organization’s chief people officer, leading the human resources function and overall people strategy for its team of 600 employees. MidPen is one of the largest nonprofit developers, owners, and managers of affordable housing in Northern California.
Steadman brings more than 20 years of comprehensive business and functional HR experience, including a strong track record of building extraordinary cultures. Previously, she served as chief human resources officer for See’s Candies, where she designed and delivered a holistic human resources strategy in support of the 100-year-old company’s overall mission. Earlier, she was chief people officer for ABD Insurance & Financial Services.
Housing Finance Attorney Rejoins Ballard Spahr
Garland W. Gantt III, a transactional attorney who focuses on affordable and market-rate multifamily housing finance, has rejoined Ballard Spahr’s national finance department and housing finance and public finance groups as of counsel. Garland is based in the firm’s Washington, D.C., office.
Gantt represents financial institutions in the acquisition, construction, and financing of commercial and residential real estate properties. His practice spans a variety of commercial real estate transactions, including Fannie Mae and Freddie Mac financings for multifamily projects; charter school projects; affordable housing developments benefited by 4% or 9% low-income housing tax credits; and construction financing.
He was an associate with Ballard Spahr for 10 years and rejoined the firm from the law firm of Carlton Fields.
Cassin & Cassin Welcomes Attorneys
Samuel R. Marchese, partner, and Farhana Hassan Choudhury, associate, have joined the Cassin & Cassin law firm. Both attorneys will be based in the firm’s New York City office.
Marchese brings substantial experience in representing property owners, developers, purchasers, sellers, and lenders in connection with matters relating to rent regulatory law, tax incentives, and landlord tenant administrative proceedings. His rent regulatory due diligence reviews have successfully led to favorable results in litigation and transactional matters for clients. In addition, Marchese represents owners of rent regulated buildings in administrative proceedings before the New York State Division of Housing and Community Renewal, the New York City Department of Housing Preservation and Development (HPD), the New York City Department of Buildings, and other city and state agencies in all stages of administrative and judicial review.
Prior to joining Cassin, Choudhury was an assistant general counsel at the New York City Housing Development Corp. (HDC), where she negotiated, structured, and closed bond issuances and multifamily affordable housing financings. She began her legal career in the affordable housing finance industry as a New York City HPD-HDC housing fellow. She represents lenders in the financing of multifamily properties through the Fannie Mae Delegated Underwriting & Servicing program and the Freddie Mac Seller-Servicer program, with an emphasis on affordable housing.
