Board of Directors
T he vision, commitment and outstanding thinking of our Board of Directors guides and inspires HAND’s strategic vision. Representing various sectors within the affordable housing industry, each director brings a wealth of experience and knowledge that supports HAND’s response to the growing demand for affordable housing in diverse, thriving communities. The board’s extensive backgrounds intersect community development, social investment, development finance, and nonprofit and government leadership, adding to the overall leadership of the organization.
Raymond A. Skinner, East Baltimore Development, Inc.
Raymond A. Skinner is the President and CEO of East Baltimore Development, Inc. He was the Secretary of the Maryland Department of Housing and Community Development (DHCD), where he managed the state’s housing finance, mortgage revenue bond, mortgage insurance, asset management, community development, and building code programs. He was appointed to the position in 2007 by Maryland Governor Martin O’Malley. He previously held this position from 1999-2003, during the administration of Governor Parris Glendening. Mr. Skinner has more than 35 years of experience in a variety of positions including executive management at the highest levels of state and local government. His areas of expertise include urban planning, affordable housing finance and development, strategic planning, public policy development and analysis, community/economic development, and small business finance. He is a seasoned public administrator with a demonstrated track record in developing and executing business strategies and managing people and resources to achieve organizational objectives.
Between his tours of duty at DHCD, Mr. Skinner was President of The Skinner Group, LLC, a consulting firm providing services in housing policy analysis, housing finance and development, community revitalization, and economic development. Before joining DHCD, Mr. Skinner held the positions of Director of Housing and Executive Director of the Housing Authority in Prince George’s County, MD where he was responsible for the county’s public housing, community development block grant, housing rehabilitation, and housing development finance programs. Between 1987 and 1990 he held the positions of Executive Director of the D.C. Office of Business and Economic Development and Special Assistant to the Deputy Mayor for Economic Development. During this period he served as project manager for a number of high impact District government assisted development projects involving both housing and downtown commercial uses.
He has also worked as a City Planner for Baltimore, MD and Philadelphia, PA, and as a Program Manager for the U.S. Department of Housing and Urban Development. Mr. Skinner also has had direct experience as a small business owner, having owned and operated two “Subway” sandwich shops for over ten years.
Mr. Skinner has held leadership positions with the Council on Urban Economic Development (now the International Economic Development Council – IEDC), the National Association of Housing and Redevelopment Officials (NAHRO), and the Council of State Community Development Agencies. He also served two terms as a member of the Community Development Advisory Council of the Federal Reserve Bank of Richmond. He currently serves on the Board of Trustees of the National Housing Council (NHC), and as a member of the National Council of State Housing Agency’s (NCSHA) Board of Directors. His community service includes being a member of the Penn State Outreach Advisory Board, and the Progressive Life Center Board of Directors.
He holds a Bachelor of Science degree from Pennsylvania State University and a Master of City Planning from the University of Pennsylvania. In addition, he has completed the Program for Senior Executives in State and Local Government at Harvard University; he holds a certificate in Real Estate Development from Harvard University; and he completed the Minority Developers Executive Program at the Massachusetts Institute of Technology.
I am extremely happy and proud to join the board of directors of the Housing Association of Nonprofit Developers, especially at this critical juncture in our regional economy when the demand for quality affordable housing is skyrocketing and resources have never been tighter. HAND plays an important and influential role in support of the community development industry and I look forward to participating as an active member of its board.”
—Raymond A. Skinner
Monica Warren-Jones, Enterprise
Ms. Warren-Jones serves as the Director of Capitol Solutions for the Enterprise DC Local Office. With 15 years’ experience in real estate finance and development she supports nonprofit and for- profit partners by providing strategic solutions using Enterprise products and services including including debt, equity and new markets tax credits for development and preservation of sustainable housing and community facilities.
Ms. Warren-Jones has participated in or led presentations, testified at public hearings, led panel discussions and webinars on multifamily finance and community development finance on behalf of the U.S. Department of Housing and Urban Development, Federal Department Insurance Corporation, and myriad local government housing officials in effort to share best practices.
Through her work at Enterprise, she has generated more than $300 million of investment activity for the creation and preservation of more than 1200 units of housing. As Senior Lender, she managed the administration of a $28 million preservation loan portfolio sourced via public and private funds.
Prior to Enterprise, Ms. Warren-Jones served as a Vice-President of a non-profit community development firm and prior, as a Senior Account Manager with Fannie Mae where she evaluated real estate investments for large scale, residential projects utilizing low income housing tax credits, conventional debt and/or bond financing. She has also worked professionally with housing nonprofit organizations in Washington DC and Boston, Massachusetts.
Ms. Warren-Jones holds an MPA from Harvard University, an MBA from Boston College, and an undergraduate degree from Howard University. She previously served as an elected member of the DC State Board of Education and she is a Notary Public in the District of Columbia. She is a Washington DC resident with two children in DC Public Schools. Monica enjoys reading, independent films, and cooking and consuming international cuisines and learning through others.
HAND is unmatched in its ability to elevate, train, and showcase the best of our region’s affordable housing professionals. This organization provides the best platform for supporting both seasoned professionals and emerging leaders who are new to the affordable housing industry. With more attention and advocacy from the public and private sector on addressing our critical needs for affordable units in the region, HAND is clearly positioned as the ‘must be a member of ‘ organization for anyone involved in any aspect of this industry. I am very excited to be joining the Board at this time”
Maryann Dillon, Housing Initiative Partnership
Maryann is the Executive Director of Housing Initiative Partnership and has over 20 years of experience in real estate development, with a focus on multifamily rental for-sale and affordable housing. Prior to joining HIP, she served as Director of Real Estate for the Housing Opportunities Commission of Montgomery County. She has extensive experience in managing complex real estate development projects from initial acquisition and site planning through construction and project stabilization. Prior to her employment at HOC, Maryann was senior vice president and Mid-Atlantic director of real estate development for Bank of America Community Development Corporation. She also served as director of the housing services department at Enterprise Community Partners and executive director of Mission Housing Development Corporation in San Francisco, one of the oldest and largest community development corporations in the country. Maryann has a master’s in business administration from Yale School of Management and a master’s in public administration from Baruch College through the National Urban Fellows program.
It is only through the power of our numbers and by sharing our skills and experiences that we can really make a difference in the lives of those seeking decent, safe and affordable housing in healthy communities”
Winell Belfonte, CohnReznick
A long time resident of the Washington D.C. metropolitan area, Winell is a CPA and Audit Partner of the national accounting and auditing firm CohnReznick. Winell resides in the firm’s national office located in Bethesda, Maryland, where she has served clients nationwide for more than 25 years. She is responsible for planning and performing all aspects of nonprofit, affordable housing real estate and commercial audits, accounting and financial reporting engagements. In addition to managing client relationships, she is involved in many firm-wide training programs and serves as a classroom instructor for many of these programs. An active member of the community, Winell serves on the local nonprofit housing board of Transitional Housing Corporation and Transitional Housing Corporation Affordable Housing and the Center for Nonprofit Advancement. She serves as the firm liaison to the Strength Matters CFO Initiative of Neighborworks America. She frequently consults with Board members of her various non profit clients. She also serves on the Advisory Board to the School of Business at Bowie State University. She is a graduate of the 2010 class of Leadership Greater Washington. She received her bachelor’s degree in accounting from Bowie State University, summa cum laude. She is a member of the AICPA and MACPA.
I am honored to serve on the board of HAND with such a committed and esteemed group of advocates for affordable housing. CohnReznick supports the organization’s commitment to supporting the developers of affordable communities in the Washington, DC area.”
—Winell Belfonte, CPA
Erik Hoffman, Klein Hornig
As counsel at Klein Hornig, LLP, Erik T. Hoffman focuses on multifamily housing and economic development and represents for-profit and nonprofit developers. Erik’s practice includes acquisition-rehabilitation and new construction of apartment complexes and revitalization projects financed with fixed rate and “low floater” private activity bonds, tax increment financing, private loans and debt assumptions, Low-Income Housing Tax Credits, Historic Preservation Credits, New Market Tax Credits, and other equity participations. He often structures deals with multiple layers of funding, including mezzanine and subordinate debt from a variety of sources, such as private lenders, state pension funds, HOME and Community Development Block Grants, Section 108 securitizations, and local housing trust funds. Erik has worked on portfolio acquisitions, bond debt assumptions, new money financings in public underwritings and private placements.
Before joining the Klein Hornig, Erik was counsel with the firm Bingham McCutchen, where he represented a wide variety of developers, underwriters, lenders, and syndicators on multifamily housing and economic development transactions. Previously, Erik served as the director of real estate finance and grants for Fairfax County’s affordable housing and economic development programs. In that role, Erik established and managed many of the financing programs the County uses to preserve and create affordable housing. He was also an associate general counsel to the D.C. Housing Finance Agency, and worked on the agency’s multifamily housing revenue bond transactions. In addition, he was an associate with the firm of Hunton & Williams, where he served as outside counsel to the District of Columbia Revenue Bond Program on their 501(c)(3) financings, Enterprise Zone and Qualified Zone Academy Bond transactions. Erik received his juris doctorate from Georgetown University Law Center and bachelor’s degrees in political science, economics, and finance and business law from Virginia Polytechnic Institute and State University.
The affordable housing community has a unifying mission, but often we are divided by conflicts over protecting turf and securing the next deal, not to mention local politics. HAND transcends those conflicts. HAND’s mission is to support and weave together the threads of our common mission to make a stronger affordable housing community. When HAND succeeds, we all do.”
Sasha-Gaye Angus, McCormack Baron Salazar, Inc.
Recognized as one of the industry’s young leaders by Affordable Housing Finance in 2015, Ms. Angus has broad experience in community redevelopment, from deal origination and new business development, to large-scale, community master-planning efforts, financial structuring and implementation. She has managed, structured, and led projects valued over $350MM in development costs and totaling approximately 1,600 dwelling units. As Sr. Vice President of Development at McCormack Baron Salazar, she leads all aspects of the development process, including leveraging and securing project financing, and coordinating a diverse team of specialists, consultants, investors, residents, stakeholders and public officials. Her current projects include the Larimer/East Liberty Choice Neighborhood in Pittsburgh, PA and Beecher Terrace in Louisville, KY. She is also pursuing new business in the Washington D.C. and mid-Atlantic region. She is a graduate fellow of the University of Pennsylvania’s Center for Urban Redevelopment Excellence, has a Master’s Degree in Public Administration from Graduate School of Public and International Affairs (GSPIA) at the University of Pittsburgh, and a Bachelor’s degree from Fisk University.
We live in one of the most desirable regions of the country where quality of life is directly impacted by housing. HAND has proven itself as a premier organization successfully bringing together practitioners, developers, and various user groups for networking, training and to achieve the common goal of increasing the supply of affordable housing options in our region. I am thrilled to actively participate as a member.”
Art Bowen, VHDA
Art Bowen serves as Managing Director of Rental Housing with the Virginia Housing Development Authority. He is responsible for VHDA’s $3.2 billion rental housing line of business including loan underwriting, servicing, compliance and asset management, and LIHTC program management. Art previously served as VHDA’s Managing Director of Finance & Administration. He joined VHDA in December 2000.
Before joining VHDA, Art worked for the Commonwealth of Virginia in various capacities including Deputy State Treasurer and Director of Debt Management.
Art is a native of Charlottesville, Virginia and a graduate of the University of North Carolina at Chapel Hill.
The affordable housing needs of the HAND service area are unique and challenging. HAND does an outstanding job addressing these needs through training, education, and promoting collaboration. I am pleased to become a part of this effort through service on the HAND Board.”
Sarah S. Constant, Mission First Housing Group
Sarah Constant is the Managing Director of Mission First, which she joined in 2000. Since its inception, Sarah has secured over $285 million in financing and developed over 1600 units of affordable housing development, primarily in the Baltimore / Washington D.C. Metro area. As the principal relationship manager for Mission First, Sarah establishes and maintains partnerships with developers, non-profit entities and financial institutions in order to create affordable housing. Sarah provides experienced oversight of all real estate development activity from the initial “what if” conversation through contract negotiations, construction and cost certification, including developing financing strategies, coordination of project financing and all loan closings. Before joining Mission First, Sarah worked for Fleet National Bank in Boston as a Vice President in Commercial Real Estate. Sarah received her MBA from Boston University and her BA in Urban Studies from the University of Pennsylvania. In addition, Sarah is an active member of the Alexandria community where she lives with her husband and two children.
In the always-challenging and ever-evolving affordable housing industry, HAND has been a remarkably steady presence, providing opportunities for training and networking among all disciplines – law, design, construction, finance, property management, asset management and all the others – for HAND members who have committed themselves to this important work.”
—Sarah S. Constant
Edmund K. Delany, Capital One
Ed Delany is Senior Vice President, Senior Capital Officer, for Community Finance for Capital One. In this role, Mr. Delany is responsible for originating debt and equity investments for the development and preservation of affordable housing in the Mid-Atlantic region. Mr. Delany is responsible for Capital One’s loan and investment originations in support of community development in the Mid-Atlantic region.
Before joining Capital One in 2010, Mr. Delany served as the Regional Manager for Union Bank of California’s Community Development Finance group, opening their first CDF office outside of California in 2005. Prior to Union Bank, he worked for other commercial banks, including Banc One Mortgage and NationsBank, and other mortgage companies. Mr. Delany has extensive experience in FHA, Fannie Mae and life insurance company loan originations, with a concentration in multifamily finance and the use of Low Income Housing Tax Credits, Historic Tax Credits and tax exempt bond financing vehicles.
He also serves on the Boards of Directors for the Housing Association of Nonprofit Developers (HAND) and the Maryland Affordable Housing Coalition.
Mr. Delany holds a bachelor’s degree from the University of Dallas and attended post graduate study at George Washington University. He currently resides in Northern Virginia.
Christopher E. Donald, District of Columbia Housing Finance Agency
Christopher Donald joined the District of Columbia Housing Finance Agency in October 2016. As the Director of Multifamily Lending and Neighborhood Investments, Mr. Donald serves as part of DCHFA’s senior management team. His primary responsibility is to manage the day-to-day operations of the Multifamily Lending and Neighborhood Investments (formerly Public Finance) department and assist the Executive Director with the development of multifamily programs, products, polices and strategic planning.
Mr. Donald has over 15 years of experience in real estate development and finance as well as community organizing around housing issues. Mr. Donald specializes in acquisitions, entitlement, community visioning and deal structuring. He has completed over $1 billion in real estate financing over the course of his career and renovated over 1,000 multifamily units and entitled and underwritten almost 3,500 multifamily units throughout Northern Virginia, Maryland and the District of Columbia. He has also acquired and programmed commercial space for small local businesses and retailers.
As the Director of Development at the Arlington Partnership for Affordable Housing, Mr. Donald underwrote and structured $60MM in low-income housing tax credit transactions. Over the last several years he has provided underwriting services to the Office of State Superintendent for Education for the District of Columbia and financed over $300MM in improvements for public charter schools using New Markets Tax Credits, Tax Exempt Bonds and other tools. Mr. Donald began his career in finance at Lehman Brothers in the Municipal Finance Group and underwrote $200MM in revenue bonds for the District of Columbia.
Prior to his tenure at DCHFA, Mr. Donald served as the Principal and Co-Founder of The Leidesdorff Group. The Leidesdorff Group (TLG) is a diversified real estate advisory firm focused on the regeneration of urban communities within the Mid-Atlantic region. As a principal of TLG, Mr. Donald focused on distressed and disinvested urban communities. Mr. Donald is a member of the Urban Land Institute. He is a graduate of Stanford University, where he earned a Bachelor of Arts in Political Science.
HAND provides an incredible platform for both practitioners and advocates of affordable housing to collaborate, learn and grow. There are rare places in the region where egos and organizational interests are laid to the side for the greater good. I am thrilled at the opportunity to serve with a desire to contribute greatly to the organization’s mission.”
—Christopher E. Donald
Robert A. Goldman, Montgomery Housing Partnership
Robert Goldman has been President of Montgomery Housing Partnership (MHP) for the past 11 years and has also worked in housing policy on both the federal and local levels. MHP creates quality affordable homes. It accomplishes its affordable housing mission by housing people, empowering families, and strengthening neighborhoods. Formed in 1989 as a 501(c)(3) to meet Montgomery County’s growing need for affordable housing, MHP builds, acquires and rehabilitates apartments, condos and homes for low- and moderate-income families. Through its affiliates, MHP has developed almost 1,400 units of affordable housing around the county, including in transit-oriented neighborhoods in Silver Spring, Takoma Park, Rockville and Wheaton.
Robert has served on the Wheaton Redevelopment Steering Committee and the Long Branch Task Force. He is the Immediate Past President of the board of directors of the Housing Association of Nonprofit Developers (HAND), and a member of the board of directors of the Maryland Affordable Housing Coalition and the Asset Building and Community Development Network.
Prior to joining MHP in 2001, Robert worked as a senior development officer at the Enterprise Social Investment Corporation where he was involved in syndicating low-income housing tax credit projects. He received his juris doctorate from UCLA Law School, his master’s degree in real estate from Johns Hopkins University, and his bachelor’s degree in public policy from Duke University. A native Washingtonian, Goldman lives in Silver Spring, Md. with his wife and daughter.
HAND not only provides great trainings that builds the capacity of our staff, but what is most impressive is that HAND is helping to build the affordable housing industry in this region.”
—Robert A. Goldman
Nina Janopaul, Arlington Partnership for Affordable Housing
Nina Janopaul has been president and CEO of APAH, a non-profit, community-based affordable housing developer, since 2007. APAH was founded in 1989 and has grown into a successful real estate developer and owner, with a portfolio of twelve multifamily rental properties offering 995 units and valued at $175 million. In 2011, APAH was awarded Developer of the Year by the Housing Association of Non-Profit Developers and awarded the Arlington Community Foundation’s first-ever Prize for Impact and Innovation. In 2008, APAH was selected as the Non-Profit Small Business of the Year by the Arlington Chamber of Commerce. APAH has also won awards for its innovative supportive housing partnerships and its mixed-income, high-rise Parc Rosslyn Apartments.
Prior to joining APAH, Nina was a principal at Capital Strategies Consulting, Inc. providing services to a variety of organizations, including Enterprise Community Partners. Prior to 2000, she was the national director of development for Hostelling International – USA (formerly American Youth Hostels). Her projects have received numerous awards, including the National Trust for Historic Preservation’s highest award. Nina received a degree Magna Cum Laude from Harvard University. A resident of Arlington since 1983, she serves on the Virginia Housing Development Authority’s Northern Virginia Advisory Committee; the Leadership Steering Committee of Arlington’s Ten Year Plan to End Homelessness; the Columbia Pike Land Use and Housing Study Working Group; the Community Energy and Sustainability Task Force and the Arlington School Health Advisory Board.
HAND provides invaluable resources for our affordable housing community, including networking and educational programs to share best practices in our complex work.”
John R. Maneval, Maryland Department of Housing and Community Development
John Maneval was appointed CDA Deputy Director at the Maryland Department of Housing and Community Development in May 2015. In this capacity, Mr. Maneval oversees the work of over 100 employees charged with providing financing for affordable rental housing, single family homeownership, special needs housing, energy efficiency initiatives, and small businesses across the State of Maryland.
From 2012 to 2015, Mr. Maneval was Director of Lending for NeighborWorks Capital, a nationally-focused Community Development Finance Institution (CDFI) serving members of the NeighborWorks America network.
Mr. Maneval previously worked at DHCD from 2001 to 2012 in various capacities in the Multifamily division, and also has experience working in real estate development for a nationally-focused nonprofit organization.
Mr. Maneval has a Masters of City Planning from the University of Pennsylvania and a Bachelor’s of City Planning from the University of Virginia. He lives in Crownsville, Maryland with his wife and two children.
Building strong communities and creating quality affordable housing is a group effort. It’s crticial that practitioners share information and experiences to achieve successful outcomes. HAND is the best, longest-standing organization for making this happen in Maryland, Virginia and the District. ”
—John R. Maneval
Shelley Murphy, Wesley Housing
Shelley Murphy joined Wesley Housing as President and CEO in 2007. A former senior executive with Verizon Communications, Murphy brought organizational experience in strategic business growth to Wesley Housing’s award-winning affordable housing programs. She was awarded the Verizon Chairman’s Award in 2004 and 2005 for her cross-business achievements and proven results in operations, financial management, and organizational change. Committed to improving the lives of individuals and families in her community, Murphy is a member of the Affordable Housing Advisory Committee for Fairfax County and serves as President of the Northern Virginia Affordable Housing Alliance (NVAHA). She is also on the boards of the Partnership to Prevent and End Homelessness in the City of Alexandria, the Virginia Housing Coalition, and the Housing Partnership Insurance Exchange (HPIEx). Murphy holds a bachelor’s degree in international studies and a master’s in business administration from Willamette University.
HAND is the place where we all come together, non-profits, private sector, government and policy experts, to support each other in the common mission of providing quality affordable housing across our community. I’m excited to be a part of it!”
Derrick N. Perkins, Bank of America Merrill Lynch
Derrick Perkins is a Senior Relationship Manager in Community Development Lending, based in Washington, DC. His primary role is the coverage of affordable housing developers based in suburban MD, Washington, DC, Virginia and Georgia. His responsibilities also include leading the Bank’s national Charter School construction lending efforts.
Derrick joined NationsBank in 1998 in the Consumer Credit Card division as an Account Manager in Norfolk, VA. In 2000 he accepted a role as a Portfolio Management Associate in the Business Banking division in Richmond, VA. Subsequently, in 2002, Derrick relocated to Mclean, VA to work in the Middle Market banking group as a credit analyst and eventually an Underwriter. After four years in Middle Market banking he accepted a role within Community Development Lending, underwriting affordable housing developers and charter school facilities. Derrick accepted his most current role as a Relationship Manager in the fall of 2013 and added the charter school responsibilities in 2015.
Derrick holds a Bachelor’s degree from Hampton University and a Masters in Urban and Regional Planning from Virginia Commonwealth University.
HAND is an extraordinary organization indirectly improving the lives of low and moderate income individuals and families in the Washington region. I look forward to the opportunity to learn, serve and grow as a newly appointed member of the board.”
Mike Scheurer, Cornerstones
Michael Scheurer is currently the Vice President of Housing and Community Development of Cornerstones, and formerly headed the Virginia Housing Development Authority’s northern Virginia community outreach efforts. Prior to those positions, he served as the senior deputy director for the Fannie Mae Washington DC Metropolitan Community Business Center. Michael also served as the director of multifamily finance for the National Association of Home Builders in Washington, DC and was the director of development and real estate finance for the Department of Housing and Community Development in Fairfax County, Va. During his tenure, the local housing finance and community development agency developed, preserved and financed over 4000 units of affordable and workforce housing in addition to other community facilities utilizing a variety of private and public financing sources. Michael is also the former manager of real estate finance for the American Bankers Association in Washington, DC and was the director of the Community Development and Housing Authority in Anderson, Ind.
He currently serves as a board member and advisor to several local non-profit housing development corporations including AHOME, president elect of Reston Interfaith Housing Corporation, president of HomeAid of Northern Virginia and is a member of the Housing Advisory Boards of Fairfax and Loudoun Counties. Michael also provides training on affordable housing development and finance. Michael holds a bachelor’s and master’s degree from Ball State University in urban and regional planning.
HAND continues to be the place local ‘housers’ go for networking, training, and the latest affordable and workforce financing and development opportunities relevant to the Washington Metropolitan Market.”
Michael A. Schlegel, Bozzuto Construction Company
Michael A. Schlegel has been the President of Bozzuto Construction Company since 1999. Bozzuto Construction Company is a builder of multifamily and other residential projects throughout the Washington Metropolitan, Baltimore and Philadelphia markets.
Michael has managed the construction of well over 10,000 housing units in excess of $1 billion dollars. Prior to his association with Bozzuto Construction Company, he was with Clark Realty Builders, a division of the Clark Construction Group, since 1989.
As a Vice President, he was integrally involved with the startup and growth of this company whose revenue increased from $5M to $75M during his tenure. Michael is also a member of the board of directors for the following organizations: Habitat for Humanity; Victory Housing; the Virginia Tech EH Alumni Foundation, and the Virginia Tech Meyers-Lawson School of Construction Industry. Michael has a bachelor’s degree in building construction from the Virginia Polytechnic Institute and State University.
HAND has become the common link between all of the various affordable housing providers in the DC, Maryland and Virginia region and plays a very instrumental role educating and connecting affordable housing providers, operators, builders, architects, lending institutions and government agencies.”
—Michael A. Schlegel
Steve Smith, AHC
Stephen E. Smith is the senior vice president of AHC, Inc. and has more than 30 years of experience in real estate development, finance and not-for-profit financial management. Stephen is an innovator in multifamily affordable housing finance. Under his direction, AHC purchased 60 condominiums that were preserved as affordable housing and sold to first-time homebuyers. Other projects include the acquisition and refinancing of over 20 tax credit multifamily properties and structuring a $10 million line of credit for AHC from a regional bank. Mr. Smith is a NAHRO certified rehabilitation finance specialist and a member of the Virginia Housing Development Authority nonprofit advisory group. He holds a master’s degree in public administration and a bachelor’s degree in business economics and political science from the State University of New York.
The mission of HAND is to educate, inspire and connect the non-profit, private and government sectors, who working together make a positive difference in our affordable housing communities.”
John D. Spencer, Victory Housing
John Spencer has been with Victory Housing since September 1993, and is responsible for directing all of the major operating functions of the organization, including annual financial audits and tax returns, asset management, project financing, fundraising, board relations, public affairs, and strategic planning. During his tenure with Victory Housing, he has helped facilitate and guide the growth of the company to over $200 million in total assets in 30 affordable housing communities with 2.175 units. John has financed over $70 million in debt and equity, through tax-exempt bonds, low-income housing and historic tax credits, the HUD Section 202 program, state and local housing trust fund loans, and FHA mortgage insurance. In addition, he has raised over $30 million in grants from the HUD Section 202 program, Maryland Affordable Housing Trust, Montgomery County government, foundations, corporations and individuals, for both operating support and capital projects.
Prior to Victory Housing, John was director of multifamily programs for AHC, Inc. and a project developer with Humphrey Associates. He holds a bachelor of economics degree from the Wharton School of the University of Pennsylvania and a master’s of business administration degree from the University of Maryland. John is a licensed Certified Public Accountant. In addition to his work at Victory Housing, John is founder and past president of the Housing Association of Nonprofit Developers. Professional recognitions have included a Lifetime Achievement Award from HAND (2006), House Resolution #1053 from the Maryland State Legislature for dedication to affordable housing and leadership of HAND (2005), a Finalist in the Washington Business Journal’s Awards for Financial Excellence (2009), and a Housing Leadership Award from the Virginia Housing Coalition (2002).
It has been a privilege and honor for me to help build our ‘big tent’ of affordable housing developers, industry professionals, governmental officials, and advocates since 1991, and I look forward to further growth as we continue to support and build the capacity of our member organizations.”
—John D. Spencer