EXPERIENCE
Two Cents, LLC Present
Owner Chesterfield, MA
Asset management consultant serving small to mid-size nonprofits in Massachusetts.
Valley Community Development 2020-2021
Executive Director Northampton, MA
Directed staff of Community Development Corporation to develop and operate affordable multifamily housing, including planning and strategy for the organization's first LIHTC project. Oversight of daily operations to provide client-based services including homeownership assistance, foreclosure prevention, and small business assistance using CDBG and HUD funding along with private donations. Focused on infrastructure, technology needs and support systems to equip staff for the post-pandemic realities and rapidly changing political, economic and social climate that directly affect residents, clients and funding partners.
The Community Builders, Inc. 2014-2016, 2018-2020
Director of Asset Management Boston, MA
Directed team of nine asset managers and analysts in the oversight of long-term strategies and daily workflow for a portfolio/pipeline of 150 properties (13,000 units) of affordable multi-family housing. Handled extensive analytics and strategic planning for operating portfolio in close collaboration with property management leadership. Worked closely with finance team and development project managers on LIHTC applications, feasibility, forecasting and life cycle transactions. Managed relationships across five regional offices and 14 states with local community reps, government agencies, stakeholders, lenders and investor partners.
The Caleb Group April 2016 – April 2018
Director of Asset Management Swampscott, MA
Responsible for creating an asset management approach to ensure long-term health of multifamily affordable housing portfolio of 2,000 units funded by LIHTC, HOME, project-basedSection 8 and USDA; establishing best practices to address high-risk areas in the portfolio; assessing property performance; and establishing clear and measurable action plans for the portfolio in alignment with nonprofit mission and strategic plan. Worked with development director on analysis of acquisitions, supporting LIHTC application process, reviewing operating budgets and underwriting/proforma analysis.
Minnesota Housing Finance Agency 2009 – 2014
Special Project Manager – Preservation Policy Saint Paul, MN
Leadership and oversight of special project focused on preservation policy and portfolio risk for the State of Minnesota. Funded by John T. and Catherine D. MacArthur Foundation, this project brought together lead funders in the state (HUD, Family Housing Fund and Greater Minnesota Housing Fund) to review and re-focus criteria for preservation funding to be integrated into the state’s QAP for LIHTC applications.
I supervised a team of seasoned staff and collected data from key stakeholders and experts to establish data-driven thresholds and criteria for early identification of at-risk Section 8 and unsubsidized affordable properties. Worked collaboratively with software development team to create web portal for risk assessment of the state’s affordable multifamily portfolio of 90,000 units.
Affordable Housing Connections, Inc. 2007 – 2009
Senior Compliance Officer, Trainer and Consultant Saint Paul, MN
Compliance monitoring of 9,000 units of affordable housing for local municipalities acting as suballocators of LIHTC awards in the state of Minnesota. Supervised file and physical inspection procedures and program compliance practices for LIHTC, HOME, Section 8 and CDBG funds. Managed team of compliance officers and staff responsible for file audits and physical inspections and prepared IRS Form 8823 for filing by suballocating agencies. Performed training and consulting on workout scenarios for troubled properties and portfolios.
Twin Cities Housing Development Corporation 2001 – 2007
Asset Manager Saint Paul, MN
Oversight of LIHTC portfolio. Created proformas and assembled funding applications for state agency and suballocators. Coordinated new construction, acq/rehab and occupied rehab projects from application through construction to closing and perm debt conversion. Managed due diligence for limited partnership entities including predevelopment, debt restructuring, dispositions, LPA and tax matters, financial analysis, annual audit reviews, and cash flow distributions. Oversight of third-party property management including physical needs assessments, annual budgets, market analysis, compliance matters and best practices.
EDUCATION
Minneapolis College of Art and Design, Minneapolis, MN; Bachelor of Fine Art, 1992
Purdue University, Lafayette, IN; 1984-85