Tingerthal Takes Over Minnesota Housing
Mary Tingerthal has been picked to head the Minnesota Housing Finance Agency. President of Capital Markets Cos. for the Housing Partnership Network since 2007, she has a strong background in affordable housing and community reinvestment.
In 2008, she was instrumental in establishing the National Community Stabilization Trust, an organization dedicated to helping local governments and groups put foreclosed properties back into use.
Tingerthal previously held positions at the National Equity Fund, GMAC Residential Funding, Community Reinvestment Fund, the city of St. Paul, and Minnesota Housing.
She was selected to lead the agency by Gov. Mark Dayton.
Rebecca Clark Joins BRIDGE
Longtime affordable housing developer Rebecca Clark has been named executive vice president at BRIDGE Housing.
She will lead real estate development activities in Northern California for BRIDGE, one of the state's largest nonprofit affordable housing developers.
Clark recently worked as an affordable housing consultant, including serving as managing director and acting president for LINC Housing Corp. in Long Beach, Calif.
Prior to that, she held executive positions at National Community Renaissance (National CORE) and two of the three nonprofits that merged to form National CORE in 2006.
Mercy Makes Executive Moves
Mercy Housing recently announced several key changes to its executive team.
President Brian Shuman has added CFO to his role at the organization and continues to report to CEO Sister Lillian Murphy.
Shuman is responsible for setting the overall strategic direction, with a focus on driving the financial sustainability and growth of Mercy Housing.
Jane Graf, who was regional president of Mercy Housing California, has been promoted to executive vice president and COO.
Graf is responsible for the operation of the organization's local business centers, construction management, and resident services.
In addition to managing resident services, Vice President Carol Breslau will be responsible for broadening Mercy's health care partnerships, reporting to Graf.
Julie Gould, who joined the organization in 2008, has been appointed president of the Mercy Loan Fund. She will continue to coordinate Mercy Housing's public policy education and advocacy efforts out of the Washington, D.C., office.
Scott Fergus has been promoted to senior vice president of capital markets. He will focus on capital markets, fund management, creating new markets, and maximizing current capital sources.
Dominium Announces Key Promotions
Dominium, a Minneapolis-based affordable housing firm, recently announced several key promotions.
Brendt Rusten has been promoted to senior vice president of asset management.
Tom McAllister has moved up to senior vice president and CFO.
Mark Moorhouse has been promoted to senior vice president and project partner.
Mark Mahoney has advanced to vice president of asset management.
Chris Barnes has moved up to vice president and project partner.
Jeff Huggett has been promoted to vice president and project partner.
Reznick Announces Promotion
Mary Beth Norwood has been named co-managing principal of the Baltimore office of Reznick Group.
Norwood will work with Gary Perlow, the other managing principal, to oversee the growth of the office and promote client services and employee development. In fall 2003, Norwood relocated from Baltimore to Sacramento to help open the company's first West Coast office. Norwood returned to the Baltimore office in 2007.
She provides audit, tax, and business advisory services to for-profit and nonprofit real estate owners, including lowincome housing tax credit developers.
In Memoriam: Victor Knight
Victor Knight, a housing development director at Volunteers of America since 2006, died Jan. 22.
He had a long career in affordable housing with past positions as managing director of Fannie Mae's American Communities Fund, executive director of The Fund for Community Redevelopment and Revitalization/ Woodlawn Preservation and Investment Corp. in Chicago, and deputy executive director of the Office of Business and Economic Development for the District of Columbia.
A Vietnam veteran, Knight was an avid traveler and skilled photographer. He grew up in the Bronx and graduated from City College of New York. His wife, Jan Vernie, survives him.