HUD’s Office of Multifamily Housing Programs announced the selection of Thomas R. Davis as the new Director of the Office of Recapitalization. Mr. Davis comes to HUD from Recap Real Estate Advisors, where he led the firm’s affordable housing consulting practice, engaged in HUD’s Rental Assistance Demonstration by facilitating public housing recapitalization transactions. Prior to Recap, Mr. Davis worked at Preservation of Affordable Housing, Inc. (POAH), a multi-state nonprofit where he helped POAH steward a real estate portfolio that included federally assisted, LIHTC, and market-rate units. Mr. Davis also worked at The Community Builders, Inc., a multi-state nonprofit affordable housing owner and developer, where he managed multi-phase HOPE VI neighborhood revitalization efforts and spearheaded a redesign of The Community Builders’ resident services and economic development programs. He began his career as an attorney at Morrison & Foerster, specializing in affordable housing, LIHTC, and environmental issues.
Janet Golrick has been serving as Acting Director of the Office of Recapitalization since December. Ms. Gorick was recently named the new Associate General Deputy Assistant Secretary in the Office of the Assistant Secretary/FHA Commissioner.
The Office of Recapitalization (formerly the Office of Affordable Housing Preservation) is responsible for the preservation and recapitalization of federally assisted affordable housing. It oversees and processes financial transactions to ensure the long-term physical and financial viability of affordable rental housing. The office is involved with the Mark-to-Market, Rental Assistance Demonstration, Section 236 preservation, and Senior Preservation Rental Assistance Contracts (SPRAC) activities.