NEAL T . DROBENARE SENIOR VICE PRESIDENT
Neal Drobenare joined The Foundation in 2010. He is responsible for Acquisitions. Prior to working with The Foundation, Mr. Drobenare was a principal of North Star Development providing advisory and real estate development services to nonprofits and governmental entities doing affordable and public private partnership development. Currently Mr. Drobenare serves on the board of Stewarts of Affordable Housing (SAHF), National Affordable Housing Trust (NAHT) and Housing Partnership Equity Trust (HPET). Additionally, he serves on NAHT's investment committee, is chair of HPET's Investment Committee, and is the founder of HPET. Earlier in his career, Mr. Drobenare worked for the Washington, DC Deputy Mayor for Planning and Economic Development as special assistant, the DC Department of Housing and Community Development as Chief Operating Officer, and the DC Housing Finance
Agency as Bond Finance Director. Mr. Drobenare received his J.D. Cum Laude from S.U.N.Y. Buffalo School of Law.
Experience
THE NHP FOUNDATION 2010 – Present Senior Vice President, New Business Development
NORTH STAR DEVELOPMENT AND CONSULTING 2004 – 2010 Principal • Raised $60 million for nonprofits • Developed several hundred units of multifamily affordable housing, including Housing Association of Non-Profit Developers’ Best Large Affordable Rental Project (2010) • Oversaw several simultaneous projects, leading project from acquisition and conception, to completion of construction and lease- up, including financial structuring and deal making, design and construction, and transfer of the completed project to the property management function. Identifying project opportunities and defining project scope • Analyzed D.C. Housing Authority portfolio for affordable deals; underwrote federal stimulus projects for affordable development, resulting in a $32 million Stimulus funding award • Won $50 million New Market Tax Credit Award and set up CDE and fund MID-CITY URBAN 2003 – 2004 Chief of Staff / Chief Operating Officer • Oversaw staff and established the management systems needed to deliver on a 6,000 units / $1 billion pipeline of real estate development project
DISTRICT OF COLUMBIA 1998 – 2002 Special Assistant to the Deputy Mayor for Planning and Economic Development • Started and lead DC Vacant and Abandoned Housing Initiative • Wrote business plan for Mayor’s Office of Housing • Evaluated proposals and made recommendations, based on qualitative/quantitative assessments • Coordinated City agencies and other entities while managing projects • Act as liaison with communities and constituencies • Agency Liaison: monitor performance of high profile projects
Chief Operating Officer, DC Department of Housing and Community Development • Took agency from financing 400 units of housing annually to financing 3,400 units, and 9 community or commercial facilities annually • Redesigned underwriting process, designed financing products, and established internal controls. • Established Asset Management and Land Disposition units
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