Leadership at a Glance

MECKY ADNANI SENIOR VICE PRESIDENT , ACQUISITIONS

Ms. Adnani, a member of our Senior Management, has 25 years of experience in the field of affordable housing preservation, acquisition and rehabilitation. Ms. Adnani’s multidisciplinary finance, management, and planning & design expertise as well as her broad knowledge of federal and state housing regulations enables her to direct acquisition and recapitalization projects through strategic and programmatic evaluation, valuation and pricing, deal structuring and negotiations, and design and construction. She is an expert in financing, subsidy renewal, and capital restructuring strategies that lead to feasible preservation transactions. Since joining NHPF, Ms. Adnani has closed the acquisition and preservation of 14 properties, totaling 2,166 affordable units using an array of debt and equity capital to finance a total of $335M of acquisition and development costs.

Ms. Adnani’s primary focus is to find at-risk acquisition prospects that can be structured and financed as successful LIHTC preservation transactions. Her responsibilities also include initiating and maintaining relationships with owners of affordable housing, lenders, equity providers and appropriate governmental entities that finance and/or facilitate the development and preservation of affordable housing. Experience THE NHP FOUNDATION 2014 – Present Senior Vice President Acquisitions  Directs prospecting, due diligence, market research and design activities across NHPF’s regions, and performs transactional analysis of potential acquisition candidates  Prepares comprehensive presentations to the NHPF’s Board of Trustees and Investment Committee, outlining the risks and opportunities associated with each candidate for acquisition  Prepares financial projections using up to date knowledge of current and future projected capital markets pricing of debt, credit enhancement and tax credit equity  Decides on appropriate acquisition and recapitalization transaction structures, especially between 9% tax credit or tax exempt bond/4% tax credit financing  Works closely with HUD, state credit allocating agencies, housing finance authorities, and local agencies and other key stakeholders to discuss priorities and identifies potential sources of soft funding  Directs preparation of funding applications  Identifies, builds partnerships and directs underwriting with investors, syndicators, and lender  Directs closing of acquisition and recapitalization transactions THE COMMUNITY BUILDERS, INC., Boston, MA 2004 – 2014 Director of Acquisition & Preservation  Oversaw all acquisition and preservation activities across the firm’s Northeast, Mid-Atlantic and Midwest regions  Structured, underwrote, negotiated, and closed over 21 acquisition / recapitalization transactions, preserving over 3,600 affordable housing units  Oversaw Design and Construction of several recapitalization projects  Applied expertise in the use of affordable housing financing tools, including:  Low-Income Housing and Historic Tax Credits  FHA and tax-exempt bond financing  Section 8 Mark-Up-ToMarket and Mark-To-Market renewals, Enhanced Vouchers Project-Based Vouchers  Section 236 IRP Decoupling  Section 202 refinancing  Massachusetts state housing finance programs RECAPITALIZATION ADVISORS, INC., Boston, MA 2001 – 2004 Vice President  Structured and executed preservation acquisition transactions on behalf of large national nonprofit preservation entities  Instrumental in closing the acquisition of two large apartment properties in Michigan, resulting in the preservation and rehabilitation of 577