Last week, HUD’s Office of Multifamily Housing Programs announced Thomas R. Davis as the new Director of the Office of Recapitalization. Mr. Davis will oversee the Office’s efforts to further financial stability and viability for the preservation and recapitalization of affordable housing. The Office’s key programs include Mark-to-Market (M2M), Section 236 Preservation, Senior Preservation Rental Assistance Contracts (SPRAC), and the Rental Assistance Demonstration (RAD).
Prior to his new appointment, Mr. Davis led the affordable housing consultant practice at Recap Real Estate Advisors and directed public housing recapitalization projects, particularly those under HUD’s RAD program. Mr. Davis also worked extensively with multi-state nonprofit affordable housing owners and developers. He directed large-scale affordable housing revitalization projects with The Community Builders, and managed a multi-jurisdictional portfolio financing of government-assisted, LIHTC units at the Preservation of Affordable Housing, Inc. (POAH). He began his career at Morrison & Foerster, where he specialized in affordable housing and LIHTC issues.
We at Housing Plus have had the pleasure of professionally collaborating with Mr. Davis, and we are excited to see his diverse affordable housing experience and background shape HUD’s multifamily housing programs.