Appointees bring development expertise to the Agency as it funds affordable housing across the District
WASHINGTON, D.C. – August 17, 2015 – (RealEstateRama) — The Council of the District of Columbia has passed resolutions confirming the appointments of Mr. Buwa Binitie, Mr. Stephen M. Green and Mr. Bryan “Scottie” Irving to the Board of Directors of the District of Columbia Housing Finance Agency (DCHFA). “The new board members possess a range of expertise in development and housing in the District of Columbia. Each member understands the importance of increasing the supply of affordable housing, which is the Agency’s mission,” said Maria K. Day-Marshall, Interim Executive Director of DCHFA. The board of directors provides oversight of the Agency’s $977 million in assets and its 81 bond-financed projects.
New Members of the DCHFA Board of Directors:
Buwa Binitie
Mr. Binitie returns to the DCHFA board after previously serving as a member from 2007-2011. He is the Founder and Managing Principal of Dantes Partners, LLC. The District-based firm specializes in financing community development transactions with a focus on preserving and developing affordable and workforce housing. Mr. Binitie’s current appointment is for two years.
Stephen M. Green
Mr. Green is the Chief Operating Officer of The NHP Foundation. Mr. Green oversees the acquisition, financing and development of affordable and mixed-income residential property. Mr. Green will complete the term (one year) of former board member Derek Ford.
Bryan “Scottie” Irving
Mr. Irving developed a passion for real estate while accompanying his grandfather to clean the rental properties that he owned in the District. Today he is the Principal and Founder of Blue Skye Development and Construction Company. The firm specializes in projects for government, residential and commercial clients in the Washington D.C. Metropolitan area. Mr. Irving’s appointment is for two years.
Messrs. Binitie, Green and Irving join Mr. Stan Jackson, President and CEO of the Anacostia Economic Development Corporation (AEDC) on the DCHFA’s board of directors.
The District of Columbia Housing Finance Agency was established in 1979 to stimulate and expand homeownership and rental housing opportunities in Washington, D.C. We accomplish our mission by offering below market rate mortgage loans to lower the homebuyers’ costs of purchasing homes and by issuing mortgage revenue bonds to lower the developers’ costs of acquiring, constructing and rehabilitating rental housing.
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Contact: Yolanda McCutchen
August 14, 2015 (202) 777-1650
