JOSEPH P . WIEDORFER SENIOR VICE PRESIDENT , ACQUISITIONS AND DEVELOPMENT , AND ASSISTANT CORPORATE SECRETARY
Joseph Wiedorfer has been with The Foundation since 1994, and he spent the prior 10 years at The National Corporation for Housing Partnerships, which was the congressionally chartered organization responsible for creating The Foundation. During his time at these two organizations, Mr. Wiedorfer acquired 26 properties, completed over $200 million of tax-exempt bond financings for 20 properties, sold 17 properties, closed a pass-through trust that provided unsecured secondary financing to 21 HUD rent-assisted properties, and has coordinated nearly $80 million of rehabilitation work. Included in the tax-exempt bond transactions was a $21 million LIHTC refinancing of a 216-unit property in St. Louis, MO, that also included Historic Tax Credits, and Mr. Wiedorfer was responsible for the property being listed in the National Register for Historic Places. He received a B.S. from the University of Maryland at College Park.
Experience
THE NHP FOUNDATION 1994 – Present Senior Vice President. Transactions
Primary responsibilities are to acquire, finance and dispose of multifamily housing properties regulated under various Federal and state affordable housing programs; functions include identifying potential properties to purchase, performing due diligence and rental market analysis, negotiating purchase agreements and financing documents, closing transactions, and coordinating rehabilitation work. As a founding member of the Foundation, helped build a national apartment portfolio by acquiring 32 properties, containing over 6,200 apartment units in 12 states, at an aggregate cost of $140 million; currently working on Low-Income Housing Tax Credit refinance/rehabilitation transactions. NATIONAL CORPORATION FOR HOUSING PARTNERSHIPS 1986 – 1994 Director, Acquisitions & Dispositions Assistant Controller Purchased, sold and refinanced multifamily affordable housing apartment properties Responsible for all aspects of the transaction, from property valuation analysis through closing Acquired eight properties, sold six properties, and closed a pass-through trust that provided unsecured secondary financing to 31 HUD Section Eight-assisted properties Provided financial control and ownership investment accounting for a portfolio of approximately 570 multifamily properties, including new development and properties previously sold; coordinated the annual audit process, and performed the loss reserve analysis for the portfolio NHP MANAGEMENT COMPANY (an affiliate of NCHP) 1984 – 1986 Accounting Manager Managed a team of eight accountants responsible for the daily accounting for over 100 multifamily properties in one region of a large portfolio. Responsible for all property accounting functions, including cash management, accounts receivable, accounts payable, fixed asset analysis and preparation of audit work papers. MICROAMERICA, INC. And NATIONAL DIRECT MAIL SERVICES 1983 – 1984 Accountant Staff Accountant for a microcomputer wholesale company, and Accounting Manager for a direct mail fundraiser. Responsible for various accounting duties, including the combining of two entities in a merger transaction (MicroAmerica, Inc.).
Powered by FlippingBook