Volunteers of America Adds to Team
Volunteers of America, a national affordable housing developer and owner, announced two additions to its team.
Kimberly Black King has been named senior vice president for housing development in the organization’s Alexandria, Va., headquarters. In her new role, she will be responsible for oversight of affordable housing development nationwide. King joins Volunteers of America from the District of Columbia Housing Authority, with previous roles at CSH (Corporation for Supportive Housing) and Fannie Mae.
Jon Clevenger has been named senior development director, based in Minneapolis. He will be responsible for affordable housing originations and acquisitions in the state. Previously, Clevenger worked at U.S. Bank, the city of Minneapolis, and National Equity Fund.
Monarch Private Capital Names LIHTC Managing Director
Brent Barringer has been appointed managing director of low-income housing tax credits (LIHTCs) at Monarch Private Capital, a leader in the development, financing, and asset management of a diverse portfolio of projects that generate federal and state tax credits.
In his new position, he will drive the strategy and management for Monarch’s investments in affordable housing development and lead on transaction financial structures and execution.
Barringer has more than 10 years of experience in real estate development and housing tax credits and New Markets Tax Credits. Previously, he was a partner at Tidwell Group, where he managed and consulted on real estate, LIHTCs, Department of Housing and Urban Development–assisted projects, and U.S. Department of Agriculture Rural Development projects.
Headquartered in Atlanta, Monarch has offices and tax credit professionals throughout the United States.
CREA Hires SVP of Investor Relations
Andy Voress has been named senior vice president, syndication and investor relations, at CREA. He is based in the Chicago area.
He will be responsible for managing investor relationships and assisting in the development of equity placement strategies with a focus on local and regional Community Reinvestment Act investors. He spent the last six years raising and placing equity for a national syndicator. Prior to that, Voress spent 10 years at Allstate Insurance and was actively involved in the oversight of the company’s LIHTC investments.
A tax credit syndicator, CREA has raised over $5 billion in equity. Headquartered in Indianapolis, the firm has offices in Austin, Texas; Boston; Chicago; New York City; Portland, Ore.; San Diego; and Sarasota, Fla.
Peffley Moves to New Role at Cinnaire
Jim Peffley has been appointed chief strategy officer (CSO) at Cinnaire, a nonprofit Community Development Financial Institution.
In this position, Peffley is responsible for developing and managing Cinnaire's strategic vision. In addition, he is responsible for a newly created New Ventures and Product Management team, customer engagement, real estate development, and strategic communications.
Peffley assumes the role at Cinnaire as Jim Logue, former CSO, shifts to focus on public policy issues as chief public policy officer. Logue will also continue to provide support to the executive leadership team.
Previously the executive vice president of community development finance at Cinnaire, Peffley has 27 years of experience in housing finance and community development. He joined the organization in 2013 through the merger of Great Lakes Capital Fund and Delaware Community Investment Corp., with the resulting organization later becoming Cinnaire.
Headquartered in Lansing, Mich., the organization’s work includes syndicating LIHTCs and providing other financing. Since 1993, Cinnaire has invested $3.7 billion to revitalize communities, resulting in more than $7 billion in community impact.
Samaritan Daytop Village Appoints President
Mitchell L. Netburn has been named president and CEO of Samaritan Daytop Village, one of New York state’s largest social service agencies. He replaces Tino Hernandez, who led the organization since 2009.
A native New Yorker, Netburn joins Samaritan Daytop Village from Project Renewal, where he served as president and CEO since 2010. From 2006 to 2010, he was the senior vice president at F∙E∙G∙S Health and Human Services System, where he directed a public-assistance initiative serving 24,000 disabled clients annually.
Netburn has also served as executive director for the Los Angeles Homeless Services Authority and was first deputy commissioner at the New York City Department of Homeless Services.
Samaritan Daytop Village’s services includes health care, mental health care, addiction treatment, recovery services, transitional and permanent housing assistance, and services for seniors. Annually, it serves over 33,000 people at more than 50 facilities throughout New York City, Long Island, and upstate New York.
H.J. Russell & Co. Announces Promotion
Mack Hancock has been promoted to senior vice president of H.J. Russell & Co.’s property management and development divisions. His additional role includes leading Russell New Urban Development (RNU), the firm’s real estate development arm.
As a member of the executive leadership team, Hancock, who was previously vice president of property management, is responsible for RNU’s overall management and growth in addition to being responsible for all property management operations.
Founded in 1952, the Atlanta-based company is one of the largest minority-owned real estate development and construction services firms in the United States.
