New Hope Housing

 

Board of Directors


Leonard (Len) Clark

 

Leonard (Len) Clark is a Commercial Real Estate (CRE) Lender at Burke & Herbert Bank in Alexandria, Va.  He is primarily responsible for expanding the Bank’s CRE portfolio by developing new customer and loan relationships in Virginia, Maryland and Washington, D.C.  Projects financed include new construction, rehabilitation and acquisition of retail, office, multifamily and industrial properties. Clark is also responsible for managing the Bank’s affordable housing and community development transactions.  These include Low Income Housing Tax Credit (LIHTC) transactions, Tax Exempt Bonds (TEBs) and mixed use developments with for profit and nonprofit developers often in partnership with various governmental entities.  

 

Prior to his work at Burke & Herbert Bank, Clark was a Loan Team Manager in Well Fargo Bank’s Wealth Management Group, where he worked with a team of three underwriters, 15 Wealth Advisors/Private Bankers and Senior Management.  Clark was responsible for managing the underwriting process for new and existing loans, including commercial real estate, business investment loans, custom residential mortgages and secured and unsecured lines of credit.
Clark has over 30 years of commercial real estate lending experience for market rate, community development and affordable housing projects, including origination, underwriting and workout/ restructuring of both debt and equity transactions.  He has worked for several other major financial institutions, Fannie Mae, Freddie Mac, city and state finance agencies and the federal government.  

 

Originally from Chicago, Clark moved east after graduating from Williams College and received his MBA in Finance from Bentley University in Waltham, Massachusetts. Clark spent 15 years as a volunteer head coach for local basketball and football youth leagues and was a basketball referee.  A former Catholic seminarian, he has volunteered as tutor and serves on the advisory board of a nonprofit local economic development council and on the board of a nonprofit devoted to financing affordable housing. An active runner, Clark has completed 62 full marathons.  He and his wife Christine live in Oak Hill, Virginia with two of their six children and two dogs.

 

Francena (Tina) Lowe

 

Francena (Tina) Lowe is President of the southeast region for Mercy Housing, a nonprofit affordable housing organization with a national development organization, management company and loan fund responsible for the delivery or preservation of nearly 43,000 affordable homes. Lowe oversees Mercy’s portfolio of over 2,900 rental housing units and all of Mercy’s development activity in Georgia, North and South Carolina, and Alabama. With over 25 years of experience in housing finance, development and neighborhood reinvestment work, Lowe served as the EVP of Program for the national office of the Local Initiatives Support Corporation (LISC), where she oversaw the network of LISC field offices providing financing and technical assistance to housing and community development projects nationwide. She also served as the Undersecretary for Housing and Community Development in Massachusetts and Director of the Department of Housing and Community Development under Governor Deval Patrick from 2007-2011.

 

Jenny Netzer

 

Jenny Netzer is the Chief Executive Officer of TCAM, an independent investment manager, providing asset management, advisory and consulting services to owners and funders of affordable housing and renewable energy. As CEO, Netzer leads the organization’s direction and works with clients to tailor services to meet their needs. With over 21 years of experience in investment and asset management in the affordable housing and renewable energy industries, Netzer has previously worked at MMA Financial (now Boston Financial Investment Management) and its predecessor organizations, Lend Lease Housing and Community Investing and Boston Financial. At MuniMae, she led the company’s entrance into the renewable energy business and expanded the company’s affordable housing investment activities internationally to triple the assets under management to $6 billion. As Director of Asset Management, she built the tax credit investment management function for Boston Financial in the early days of the program. Previously, Netzer served as Deputy Budget Director for the Commonwealth of Massachusetts, as Assistant Comptroller at Yale University, and as Assistant Deputy Commissioner at the Massachusetts Department of Public Welfare. Netzer received a bachelor’s from Harvard College and a master’s from Harvard Kennedy School of Government.

General Counsel

 

Steven L. Paul

 

Steven L. Paul serves as General Counsel for New Hope Community Capital, Inc. He is a partner at Klein Hornig LLP where he focuses his practice on tax law, with particular expertise in affordable housing, partnership law, and equity financing of partnerships and limited liability companies. Paul has more than 40 years of experience providing tax and business advice, especially for partnerships and other pass-through entities. He represents developers, syndicators, and investors in real estate developments using federal and state tax credits and other tax incentives, often serving as special tax counsel and working with other major law firms.

 

Before joining Klein Hornig in 2015, Paul was a partner and long-time chair of the Tax, Benefits & Compensation department of Boston’s Palmer & Dodge LLP and its successors, Edwards Angell Palmer & Dodge and Edwards Wildman Palmer. Paul received his B.A. from the University of Pennsylvania, his J.D, from Boston College Law School and his L.L.M in Taxation from Georgetown University Law Center. He is a frequent speaker and writer on the low-income housing tax credit and other tax credits.