• Responsible for all phases of residential real estate development, including: project acquisition and finance; zoning and regulatory approvals; and, management of project development programs. Critical role in identifying and achieving financial and business development objectives, as well as long-term strategic planning efforts. Projects include Gaslight Square, Arbor Place and Monroe Market. Local Initiatives Support Corporation (LISC) Senior Vice President – Neighborhood Markets 2004 - 2005 • Responsible for oversight and management of 5 National Initiatives that supported LISC’s community development efforts in 34 offices around the country, including 2 major commercial initiatives: Center for Commercial Revitalization (CCR) – a commercial corridor program that currently operates in 16 cities to stimulate development and renewal of neighborhood business districts; New Markets Tax Credit Initiative – a $155 million program that makes New Market Tax Credits available to support commercial real estate development nationwide. • Served as a board-appointed officer of LISC and member of National Credit, Program Operations and Program Management Committees. District of Columbia, Executive Office of the Mayor 1999-2004 Deputy Mayor for Planning and Economic Development • Managed, financed and coordinated the execution of all economic development programs and policies for Washington DC, including City investment in neighborhood, downtown and waterfront developments. Primary responsibility for the following functions: Managed Executive Agencies Responsible for City’s Economic Development : Managed 8 City agencies with a combined total of 1,000 employees and an annual operating and capital budget of over $120 million and had executive oversight for DC Housing Finance Agency and DC Housing Authority. Together, these agencies were responsible for the District’s planning, housing, employment services, insurance, banking, business development and regulatory functions. In addition, established several new programs and agencies to carry out the Mayor’s economic goals and objectives, including the Anacostia Waterfront Corporation (AWC); the National Capital Revitalization Corporation (NCRC); the DC Marketing Center, the HOME Again Program, ReStore DC and the Downtown Retail TIF programs. Directed the City’s Housing and Retail Finance Programs. Oversaw the financing for the preservation and creation of 14,000 affordable housing units, 5 HOPE VI Housing developments, $1 million sq. ft. of neighborhood retail, and the creation of the City’s first Housing Production Trust Fund (over $900 million has been contributed to date). Managed the City’s Tax Increment Finance Program (TIF) and negotiated and invested in over $1 billion of development in several transactions including Gallery Place, Spy Museum, Mandarin Hotel, Convention Center Hotel, DC USA (Target), Shakespeare Theater, City Center and the Southwest Waterfront. Structured and negotiated a $650 million baseball stadium agreement with Major League Baseball (MLB) which resulted in the return of the Washington Nationals. Planning and Disposition of City Owned Property . Led all aspects of the disposition of City owned land including the drafting and issuing of request for proposals (RFP’s); negotiating City financing; facilitating the coordination of community and stakeholder input; drafting legislation for City Council approval; selecting the development team; and overseeing project development. Specifically, led the disposition of 15 properties, including the City’s largest land sale - $100 million sale to the Freedom Forum for the development of the Newseum and the city’s largest-ever retail development – DC USA, a 500,000 sq. ft. development located on an underdeveloped 24 acre Metro site. AFL-CIO Housing Investment Trust 1994-1998 Director of Housing Production • Responsible for the origination, structuring and closing of all affordable multifamily and single family investments. Developed direct institutional relationships with national construction lenders, HUD, Fannie Mae, Freddie Mac, city housing agencies and private mortgage insurance companies, including a $250 million single family homeownership initiative in partnership with Fannie Mae. • Structured 19 projects (TDC $225M) under HUD's Community Investment Demonstration Program, a $115 million initiative that combined Section 8 project-based rental assistance with pension fund capital for affordable and mixed income developments nationwide. Shore Bank Development Corporation 1 994 Development Officer
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