HOUSING DEVELOPMENT FUND NAMES JOANNE TAYLOR AS
CHIEF OPERATING OFFICER
Nonprofit Bank Creates New Position to Support Strategic Growth
STAMFORD, Conn., August 4, 2008 – The Housing Development Fund (HDF), a unique nonprofit bank providing funding for affordable housing and an array of homebuyer assistance programs, has named Joanne Taylor as Chief Operating Officer. This newly created position is the result of a long term strategic plan developed by HDF that includes expanding its management infrastructure to support the agency’s growth and program delivery. As COO, Taylor’s extensive management expertise in financial services will support these goals. With Taylor handling HDF’s day-to-day operations, the organization’s President and CEO Joan Carty will focus on expanding HDF’s services to other communities and developing new offerings to meet evolving needs.
Joanne Taylor is a financial executive with over twenty years of experience in real estate restructuring, mortgage backed securitization, relationship management, management consulting and commercial banking. Prior to joining HDF, she served as Vice President, Insured Portfolio Management for MBIA Insurance Corporation in Armonk, NY, where she monitored and restructured a $6 billion portfolio of affordable housing, as well as residential and commercial mortgage-backed securities. She also held management positions at the former Chase Bank (now JPM Chase) and the Mitchell Madison Group, in New York, NY.
“When we decided to create the COO position, we knew we needed someone like Joanne with a strong financial and management background, but also with the empathic attitude called for in the nonprofit environment,” said Joan Carty. “Her affinity for our work and mission has already made Joanne an integral part of our team.”
In joining HDF and moving from the corporate to the nonprofit world, Taylor is fulfilling a personal, as well as professional goal.
“For some time I’ve wanted to use my skills and experience in new ways that give back to the community, and I think that HDF is a perfect fit,” said Taylor. “It is particularly meaningful to work for an organization that helps change people’s lives for the better the way HDF does.”
Through its various programs, HDF opens the door each year to affordable homeownership for hundreds of families in communities throughout southwestern Connecticut. The organization manages public/private partnerships to lend funds for these affordable housing initiatives. It has the largest public/private pool of mortgage financing for affordable housing in Connecticut – both homeownership and multi-family development- $60 million.
In addition to her new position at HDF, Taylor serves as an Advisory Board Member of the National Foundation for Teaching Entrepreneurship (NFTE) and as Co-Director of Communications for Grace Baptist Church Capital Campaign in Mount Vernon, New York. She graduated from Georgetown University in Washington, DC with a BS in Finance and Marketing. She also earned an MBA in Marketing from the New York University’s Stern School of Business. Currently, Taylor resides in New Rochelle with her husband and daughter.
The Housing Development Fund was founded in 1989. From its Stamford headquarters, it has expanded to serve all of southwestern Connecticut. Its Danbury office opened in 2004. In addition to its Multi-Family Program, HDF offers homebuyer assistance programs including its First Time Homebuyers Program, SmartMove low interest second mortgage program, CHFA (Connecticut Housing Finance Authority) --approved Homebuyer Education Classes and Below Market Rate Program (BMR). HDF is a HUD-certified lender and Housing Counseling agency. HDF provides homebuyers with homebuyer finance, counseling and assistance programs.
The organization manages public/private partnerships to lend funds for these affordable housing initiatives. It has the largest public/private pool of mortgage financing for affordable housing in Connecticut – both homeownership and multi-family development- $60 million.
The Housing Development Fund, Inc. has its headquarters at 100 Prospect Street, South Tower Plaza, Suite SP-101, Stamford, Connecticut 06901. It also maintains an office at 8 West Street, Suite 202-204, Danbury, Connecticut 06810. For additional information call Tami Strauss at 203-969-1830 x19 or visit www.hdf-ct.org.
|
