Senate Confirms Galante as FHA Commissioner
The U.S. Senate has confirmed Carol Galante to head the Federal Housing Administration (FHA).
In a 69-24 vote, the Senate confirmed her as the next assistant secretary for housing and FHA commissioner. Galante has been leading the FHA on an acting basis for more than a year and joined the Department of Housing and Urban Development (HUD) in 2009 when President Obama appointed her as deputy assistant secretary for multifamily housing programs.
Prior to joining HUD, Galante was president and CEO of BRIDGE Housing.
Enterprise Hires Green Initiatives VP
Thomas Osdoba has been named vice president of Enterprise Green Initiatives, effective Jan. 1.
He brings 22 years of experience building and managing green organizations and communities to Enterprise. He will be based in the organization’s Washington, D.C., office after relocating from Portland, Ore.From 2008 to 2012, Osdoba served as founder and principal of TAO Strategies, a management consultancy. During this time, he was also the first managing director of the Center for Sustainable Business at the University of Oregon, an MBA program providing training for sustainable business leaders.
He has also served as the sustainable economic development manager for the city of Portland.
Weil, Ginsberg Join New Business
Guggenheim Commercial Real Estate Finance, LLC, a Guggenheim Partners company, and Pillar Multifamily, LLC, an affiliate of Guggenheim Partners, have launched a new affordable housing division.
Based in New York and San Francisco, the division will be led by Andrew Weil and Justin Ginsberg, who have joined the firm as managing directors. The group will oversee the financing of affordable multifamily properties through Fannie Mae, FHA, and Guggenheim Partners’ proprietary life insurance company capital, and the development of new products for affordable housing developers and investors.
Weil and Ginsberg recently worked at CW Capital, LLC. Before that, they worked together for more than 15 years at Centerline Capital Group.
CPC Adds to Team
Community Preservation Corp. (CPC), a nonprofit lender for affordable housing in New York, has announced additions to its staff.
Alexandra M. Sewell is senior vice president of corporate strategy and external affairs. She joins CPC from the New York City Department of Housing Preservation & Development.
David Rothberg has become senior vice president of financial planning and analysis. He has worked with the CPC team for the past year as a consultant with Capstone Advisory Group.
Susan Goldberger is vice president and workout specialist in the special assets group. Most recently, Goldberger was a senior portfolio manager at the Federal Reserve Bank of New York.
Jeff Ely is vice president of human resources. He joins the firm from Amalgamated Bank.
Clark Joins Jamboree Housing
Rebecca Clark will serve as director of innovations, a newly created position at Jamboree Housing Corp., a leading California affordable housing developer. She will work with the Jamboree executive team to identify new business opportunities as the nonprofit organization seeks to expand its building operations with such fee-based services as construction management and architectural design.
CEO of Clark Consulting Group, she previously was executive vice president of BRIDGE Housing.
Great Lakes Expands
Great Lakes Capital Fund has added four employees to its Lansing, Mich., headquarters and Chicago-area office.
In Lansing, Kelly Graffis a new title operations assistant. Tim Shandis IT director and network administrator. Josh White is an asset manager.
In the Chicago area, Paul DeKruiffhas joined the organization as a loan originator.
VOA Hires Development Directors
Doug Snyder and Trent Carroll have joined Volunteers of America as development directors in Denver and Detroit, respectively.
Each will focus on development, acquisition, and recapitalization of affordable housing in their multi-state regions for the national nonprofit developer and owner that is based in Arlington, Va.
Snyder previously worked as a consultant in Colorado on projects involving affordable housing and led his own company, Urban Residential Partners. Carroll previously provided consulting services to municipal governments in the Detroit area and was deputy director of the city’s planning and development department.
WNC Adds to Team
Jeff LaRosa has become director of construction risk management at WNC & Associates, Inc., a national investor in real estate and community renewal initiatives. LaRosa spent seven years with Makar Properties, ultimately serving as vice president, development and construction.
Cadence McShane Gets New President
Will Hodges has been appointed president of Cadence McShane Construction Co., The McShane Cos.’ general contractor, design/build, and construction management services firm headquartered in Dallas.
Prior to joining the firm, Hodges served as senior vice president of Adolfson & Peterson Construction.
Oak Grove Names Underwriters
Oak Grove Capital, a national mortgage lender specializing in affordable and market-rate multifamily housing, has added three senior-level underwriters to its team. Brian Harris and Adam Roberts have joined the firm as deputy chief underwriters for government-sponsored enterprises and FHA lending, respectively. Heath Coryellis a senior underwriter, focusing on seniors housing transactions.