What's Happening?
The Community Preservation Corp. (CPC) and McDowell Housing Partners (MHP) have announced significant leadership appointments to strengthen their operations in the affordable housing sector. Kristen Fontana has joined CPC as head of capital strategies,
bringing extensive experience from Wells Fargo Securities. Rachel Grossman has been appointed head of permanent mortgage lending and capital solutions at CPC, while Doug Stevinson and Serge Suponitskiy have taken on roles as deputy general counsel and chief information officer, respectively. At MHP, Josh Anderson has been named director of finance, tasked with overseeing finance and underwriting across the firm's development portfolio.
Why It's Important?
These leadership changes reflect a strategic focus on expanding and enhancing operations within the affordable housing sector. For CPC, the addition of experienced leaders in capital strategies, lending, and technology is expected to bolster its capacity to finance and support multifamily housing projects. This aligns with broader efforts to address affordable housing shortages and improve access to housing for low-income families. MHP's appointment of Josh Anderson underscores its commitment to strengthening financial management and expanding its development portfolio. These moves are likely to enhance the organizations' ability to attract investment and deliver on their mission-driven goals.
