Kevin W. Smith, CPM, recently joined Regions Affordable Housing as Senior Vice President and Head of Asset Management, based out of the Great Neck, NY office. Mr. Smith will oversee management of a portfolio of 700 assets with responsibility for Development Risk Management, Stabilized Asset Management and Dispositions. He brings over 34 years of multifamily expertise to the role. Previously he held the Director of Asset Management Low Income Housing Tax Credit (LIHTC) positions at National Affordable Housing Trust, Centerline Capital Group and Capmark Affordable. In each of these roles, he was responsible for large portfolios of assets in construction and lease up, stabilized or in workout. In each role, Mr. Smith was responsible for developing policy and procedures to manage risk to investors and oversaw assets in workout, often managing the GP and LP interests. He most recently worked at Telesis Corporation in Washington, DC, where he served as Director, Preservation and Acquisition and was responsible for optimizing value on a multifamily portfolio of assets through refinance, resyndication or recapitalization. Prior to work in LIHTC, he managed a corporate facility group for a bank holding company and was also principal of a property management company serving conventional multifamily. Mr. Smith is an IREM Certified Property Manager and a Housing Credit Certified Professional through the National Association of Home Builders. He is also a member of the National Association of Realtors.
Regions Affordable Housing LLC is a national LIHTC fund syndication firm and leader in affordable housing. Regions Bank is one of the nation’s largest participants in affordable housing finance through the LIHTC Program and provides comprehensive real estate banking and capital management services to meet the debt and capital needs of developers and investors. Regions Bank is also a Fannie Mae DUS Multifamily Affordable Lender.