Todman becomes HUD Assistant Secretary
Adrianne todman was sworn in as Deputy Secretary of the Ministry of Housing and Urban Development (HUD). The Senate confirmed her to this position on June 10.
She takes up her new role after serving as CEO of the National Association of Housing and Redevelopment Officials since 2017. Prior to that, she was Executive Director of the District of Columbia Housing Authority.
Earlier in his career, Todman held several positions at HUD. First, she was the manager of the agency’s $ 500 million grant competition which focused on redeveloping troubled public housing sites, and then as a political aide in both the Housing Bureau. public and Indian and at the Office of the Secretary, where she worked with staff. through HUD’s programs on Policy Solutions and Streamlining Implementation.
Beacon Communities promotes Two to Senior Vice President
Andrea Orio was promoted to Senior Vice President of Administration and Compliance, and Gary Dufresne was promoted to Senior Vice President of Planning and Capital Management at Beacon Communities.
Orio has been with the company for over 25 years. Prior to her promotion, she led the Compliance Department as Vice President, overseeing high level compliance for over 19,000 units. As Senior Vice President, she will oversee the new Compliance and Administration department. Orio will work with his team to develop a long-term strategy to create policies and procedures to support real estate teams in day-to-day operations and tasks. She will also continue to oversee the compliance department.
Dufresne has been with the company for almost a decade. In his new role, he will be responsible for assessing the needs and requirements for capital improvement and physical infrastructure across Beacon’s portfolio of properties. Dufresne and his team will be responsible for due diligence in acquiring portfolio properties, establishing and updating capital policy and processes, and supporting project managers. Prior to assuming his new role, he held the position of Senior Director of Operations.
Boston-based Beacon Communities develops, acquires, invests and manages a wide range of multi-family housing. The company’s portfolio includes affordable, market-rate and mixed-income housing, and its developments range from new construction to historic adaptive reuse to refurbishment of existing housing.
Industry veteran joins R4 Capital
Paul Bernardin has been appointed Executive Vice President, Chief Credit Officer and Director of Underwriting at R4 Capital. He is based in the firm’s Boston office.
He will oversee the investment underwriting and risk management functions across the low-income housing tax credit (LIHTC) equity and tax-exempt debt business. As Director of Underwriting, he will work closely with the company’s staff and investment committee to oversee the due diligence of all proposed investments, including construction, environment and risk management. insurance.
Prior to joining R4, Bernardin spent 11 years as a senior executive at Boston Capital, most recently as Senior Vice President and Director of Underwriting, during which time he underwent and approved over $ 1.9 billion. in affordable housing investment and was a voting member of the company’s investment committee. Previously, as Vice President and Assistant Director of Asset Management at Boston Capital, he managed a team of 23 real estate professionals and a portfolio of 950 properties representing $ 6 billion in investments in affordable housing. . Earlier in his career, Bernardin held the position of Vice President at JPI.
ACI appoints chief information officer
Andy dalton was appointed Director General, Chief Information Officer (CIO), at CREA.
In this newly created role, Dalton will be responsible for leading the leadership, mentorship and vision of the company’s IT department. In addition, he will act as a liaison between the department, senior management and all regional offices.
Most recently, Dalton was CIO at a local automated supplies distribution company, where he was responsible for overseeing all technology operations, development and innovation. He was named CTO of the Year 2020 by the Indianapolis Business Journal.
Indianapolis-based CREA specializes in LIHTCs, raising more than $ 7.1 billion in equity from investors.
Tiber Hudson joins the team
Patrick evatt has been appointed partner and Scotland Glenn a partner at Tiber Hudson, a Washington, DC-based law firm.
Both will focus on representing institutional lenders on balance sheet and agency loan executions for affordable housing projects across the country.
Prior to joining Tiber Hudson, Evatt was Associate General Counsel at Freddie Mac, where he provided legal support and advice to targeted affordable housing product lines within the company’s multi-family business. Among other things, he contributed to the development of new products, such as the Freddie Mac mezzanine finance pilot project, and played a key role in GSE’s return to the LIHTC market.
Glenn was previously a partner at Kantor Taylor, where he had a real estate finance practice primarily advising developers of affordable housing at every stage of real estate development, from acquisition to permanent financing, providing a unique perspective to our clients.
Founded in 2017, Tiber Hudson provides legal services in all aspects of tax-exempt and taxable debt financing for multi-family housing and healthcare facilities across the country.
Nixon Peabody names community development finance leader
Matthieu mullen has been appointed lead of Nixon Peabody’s community development fundraising practice. Based out of the law firm’s office in Washington, DC, he represents investors and tax credit developers looking to use a variety of financing tools and advises clients on all aspects of project development.
Mullen, who joined Nixon Peabody in 2013, succeeds Gregory Doran as practice group leader. Doran sits on the company’s board of directors as a strategic impact partner, while continuing to practice as a leading authority on community development finance.
Nixon Peabody’s community development finance practice focuses on tax credits for low income, new markets, historic rehabilitation, and renewable energy.