Harvard Real Estate Alumni Organization

The Boston Chapter of the Harvard Real Estate Alumni Organization (HREAO) invites you to join our discussion as three Boston-based alumni examine "The growth, contribution and future of Massachusetts' affordable housing and community development non-profit financial intermediaries” at One Boston Place 26th Floor Boston, Massachusetts 02108, on Wednesday January 30, 2019 from 7:45 to 9:30 AM. Coffee, tea and bagels will be served. Three leaders from organizations deeply involved with intermediary policy and transactions impacting housing, community development and family well-being will review accomplishments and share ideas on new tools and programs to improve our communities. Please reply to advisoryaffiliates@gmail.com as soon as possible because space is limited.  The three alumni panelists are:

·        David Smith, Chairman of Recap Advisors and Founder/CEO of the Affordable Housing Institute, College ’75,  Profiled on the HREAO website: https://hreao.sigs.harvard.edu/article.html?aid=159

·        Joe Flatley, the CEO of Massachusetts Housing Investment Corporation (“MHIC”), MCRP - HKS ’73, http://www.mhic.com/about_staff.cfm, and

·        Alice Wong, Senior Loan Officer at the Massachusetts Housing Partnership (“MHP”), MPP - Kennedy School, https://www.mhp.net/about-us/staff

Each of the three panelists are leaders for organizations holding prominent roles in affordable housing and community development investment:

·        Since 1989, Recap Real Estate Advisors is a national leader in double-bottom-line preservation transactions with ELIHPA/ LIHPRHA, mark-to-market, renewed affordability, and currently RAD.  The Affordable Housing Institute, a §501(c)(3) founded in 2002, has worked in over 45 countries globally as a consultant to pro-poor entities including Gates Foundation, World Bank, Oxfam, CARE, and many more

·        Founded in 1990, MHIC raised over $2.85 billion from over 150 institutional investors to support its LIHTC activities in Massachusetts and its community development activities throughout New England.

·        MHP was organized in 1985, providing technical assistance to over 335 Massachusetts communities, providing over $1.5 billion in loans and commitments for the financing of more than 25,000 units of rental housing and assisting over 20,000 low- and moderate-income families purchase homes.  Many thanks to Robinson & Cole for hosting our program at their offices.