Todman Turns into HUD Deputy Secretary
Adrianne Todman has been sworn in as deputy secretary of the Division of Housing and City Growth (HUD). The Senate confirmed her to the publish June 10.
She takes over her new position after serving because the CEO of the Nationwide Affiliation of Housing and Redevelopment Officers since 2017. Earlier than that, she was government director of the District of Columbia Housing Authority.
Earlier in her profession, Todman served in a number of positions at HUD. First, she was a supervisor of the company’s $500 million grant competitors that targeted on the redevelopment of distressed public housing websites after which as a coverage aide in each the Workplace of Public and Indian Housing and the Workplace of the Secretary, the place she labored with employees throughout HUD’s packages on coverage options and streamlining implementation.
Beacon Communities Promotes Two to Senior Vice President
Andrea Orio has been promoted to senior vp of administration and compliance, and Gary Dufresne has been promoted to senior vp of capital planning and administration at Beacon Communities.
Orio has been with the agency for over 25 years. Previous to her promotion, she led the compliance division as vp, overseeing high-level compliance for over 19,000 models. As senior vp, she is going to oversee the newly fashioned compliance and administration division. Orio will work along with her staff to develop a long-term technique to create insurance policies and procedures to help property groups in each day operations and duties. She can even proceed to supervise the compliance division.
Dufresne has been with the corporate for almost a decade. In his new position, he will probably be accountable for evaluating capital enchancment and bodily infrastructure wants and necessities all through Beacon’s portfolio of properties. Dufresne and his staff will probably be accountable for due diligence of portfolio property acquisition, establishing and updating capital coverage and processes and supporting challenge managers. Previous to his new position, he served as senior director of operations.
Headquartered in Boston, Beacon Communities develops, acquires, invests in, and manages a variety of multifamily housing. The agency’s portfolio consists of inexpensive, market-rate, and blended income-housing, and its developments vary from new building to historic adaptive reuse to the renovation of present housing.
Business Veteran Joins R4 Capital
Paul Bernardin has been named government vp, chief credit score officer, and director of underwriting at R4 Capital. He’s primarily based within the agency’s Boston workplace.
He’ll oversee the funding underwriting and threat administration features throughout the corporate’s low-income housing tax credit score (LIHTC) fairness and tax-exempt debt companies. As director of underwriting, he’ll work carefully with employees and the agency’s funding committee to supervise the due diligence of all proposed investments, together with building, environmental, and insurance coverage threat administration.
Previous to becoming a member of R4, Bernardin spent 11 years as a senior government at Boston Capital, most not too long ago as senior vp and director of underwriting, throughout which era he underwrote and authorized greater than $1.9 billion in inexpensive housing investments and was a voting member of the agency’s funding committee. Earlier, as vp and assistant director of asset administration at Boston Capital, he managed a staff of 23 actual property professionals and a portfolio of 950 properties representing $6 billion in inexpensive housing investments. Earlier in his profession, Bernardin served as a vp at JPI.
CREA Names Chief Info Officer
Andy Dalton has been appointed managing director, chief data officer (CIO), at CREA.
On this newly created place, Dalton will probably be accountable for spearheading the management, mentorship, and imaginative and prescient of the agency’s data know-how division. As well as, he’ll act as a liaison among the many division, senior administration, and all regional workplaces.
Most not too long ago, Dalton was CIO at an area automated provide distribution firm, the place he was accountable for overseeing all know-how operations, growth and innovation. He was named the 2020 CTO of the 12 months by the Indianapolis Enterprise Journal.
Headquartered in Indianapolis, CREA makes a speciality of LIHTCs, elevating over $7.1 billion in fairness from buyers.
Tiber Hudson Provides to Group
Patrick Evatt has been named a accomplice and Scottland Glenn an affiliate at Tiber Hudson, a Washington, D.C.-based regulation agency.
Each will give attention to representing institutional lenders on balance-sheet and company mortgage executions for inexpensive housing initiatives throughout the nation.
Previous to becoming a member of Tiber Hudson, Evatt served as affiliate basic counsel to Freddie Mac, the place he offered authorized help and counsel to the focused inexpensive housing product traces throughout the firm’s multifamily enterprise. Amongst different issues, he helped develop new merchandise, reminiscent of Freddie Mac’s mezzanine financing pilot, and performed a key position within the GSE’s reentry into the LIHTC market.
Glenn was beforehand an affiliate at Kantor Taylor, the place he had an actual property finance apply primarily counseling inexpensive housing builders at every stage of actual property growth, from acquisition to everlasting financing, providing a singular perspective to our purchasers.
Based in 2017, Tiber Hudson offers authorized companies in all features of tax-exempt and taxable debt financings for multifamily housing and well being care amenities across the nation.
Nixon Peabody Names Group Growth Finance Chief
Matthew Mullen has been appointed head of Nixon Peabody’s neighborhood growth finance apply. Primarily based within the regulation agency’s Washington, D.C., workplace, he represents tax credit score buyers and builders searching for to make use of a wide range of financing instruments and advises purchasers in all features of challenge growth.
Mullen, who joined Nixon Peabody in 2013, succeeds Gregory Doran as apply group chief. Doran is serving on the agency’s administration committee as a strategic impression accomplice, whereas persevering with to apply as a number one authority on neighborhood growth finance.
Nixon Peabody’s neighborhood growth finance apply focuses on low-income, New Markets, historic rehabilitation, and renewable vitality tax credit.