LIIF is pleased to name Ken Stewart as the new Deputy Director for the Mid-Atlantic region with responsibility for deploying capital to help affordable housing developers acquire, preserve or develop new affordable housing in the region. LIIF invests in affordable housing, early care and education and other vital community assets that address inequities exacerbated by systemic racism and barriers to opportunity. LIIF offers a variety of financing tools in the Mid-Atlantic region, including a $13 million D.C. Preservation Fund jointly managed with DC-DHCD, secured and unsecured predevelopment and acquisition loans, several types of revolving credit lines for “quick strike” property acquisitions and the recently launched $70 Million Black Developer Capital Initiative, which will provide flexible funding for the growth of Black-led affordable housing developers in Atlanta, New York City and the greater D.C. area.
Stewart has been involved in affordable housing and community development finance at the local and national level for more than 25 years, previously serving as Director of Public Finance for the DC Housing Finance Agency, Deputy Director of the Prince George’s County Housing Authority and DHCD, and Deputy Chief Underwriter for Bellwether Enterprise Real Estate Capital. He will be based in LIIF’s D.C. office at 1900 M St., N.W.
“LIIF’s mission does not stop at closing loans for brick-and-mortar development,” said Stewart. “I’m excited to join an organization committed to creating the conditions for upward mobility for communities that have faced deep and persistent inequities. In addition to investing in opportunities that create more decent, safe and affordable housing, we will invest in community cornerstone projects that expand neighborhood well-being.”
For more information, contact Ken Stewart at (202) 929-0266 or kstewart@liifund.org.