Mary Tingerthal has been picked to lead 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 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.

“Mary Tingerthal brings outstanding state and national expertise in housing finance and policies,” he said in a statement. “Her leadership will propel the Minnesota Housing Finance Agency back into its traditional role as not only our state’s premier public housing finance institution, but also a national leader in helping lower- and middle-class families afford to buy homes and stay in them.”

Minnesota Housing allocates low-income housing tax credits and provides other key financing for the development and preservation of affordable housing in the state.