California Housing Partnership Welcomes Two New Members of Finance Team
In response to increased demand for technical assistance, the California Housing Partnership welcomes two experienced and talented financial consultants to expand our ability to assist nonprofit and local government housing agencies to create and preserve affordable housing for California's low-income households.
Lauren Maddock
joined the Partnership as Senior Housing Finance Consultant on November 26th. Lauren previously worked for 13 years at Mercy Housing California in a variety of roles, most recently as a Senior Project Developer specializing in refinancing and re-syndicating Mercy's large portfolio of older affordable housing using Low Income Housing Tax Credits
. Prior to that, she was the Director of Asset Management for Mercy's California portfolio encompassing 130 properties totaling nearly 8,500 affordable units, where she oversaw a team of five Asset Managers across the state. In this role, Lauren became a specialist in negotiating the buy-out of Low Income Housing Tax Credit investors in 18 transactions. She has extensive experience evaluating and developing strategies for older asset portfolios and has direct experience with a wide range of affordable housing finance tools including LIHTCs, tax-exempt bonds, and virtually all public funding programs administered at the local, state, and federal levels. Lauren is a frequent conference speaker and has presented on a variety of topics including portfolio analysis and management, Year 15 investor exits, re-syndications, and occupied rehabilitation and relocation strategies. Lauren received a Master's of Nonprofit Administration from the University of San Francisco School of Management and a B.A. in Archaeology with a minor in Earth Science from Boston University. Lauren serves on the Community Housing Partnership Board of Directors and was appointed to the Richmond Rent Board in 2016. She can be reached at
lmaddock@chpc.net
.
Chad Horsford
starts work December 3rd as Housing Finance Consultant in the Partnership's Los Angeles office. Chad has worked in affordable housing for four and a half years, first in acquisitions at Abode Communities and then in project management at PATH Ventures. During that time, he has contributed to the acquisition and financing of over 500 units of affordable housing throughout the Southern California region. Chad has experience working with a variety of federal, state and local funding sources, including Low Income Housing Tax Credits, HUD Section 202 financing, AHSC, Infill Infrastructure Grants, and LA City and County funding sources. In his acquisitions role at Abode, Chad analyzed and structured acquisition/rehab and new construction opportunities across the State. Prior to working in affordable housing development, Chad worked at the Program for Environmental and Regional Equity where he used data analysis to support social movement research on equity, immigration, and environmental justice issues. Chad earned his Master's in Urban and Regional Planning from UCLA with a concentration in Community Economic Development and Housing, and also holds a B.A. in Sociology and Public Policy Analysis from Pomona College. He can be reached at
chorsford@chpc.net.
