NEW YORK, Jan. 31, 2017 (GLOBE NEWSWIRE) -- Greystone Affordable Housing Initiatives LLC, a leading provider of affordable housing recapitalization and rehabilitation services, announced that Yolanda Winstead has been appointed Head of Finance. In this role, she will provide leadership in orchestration of Greystone’s affordable housing preservation transaction efforts. To date, Greystone has rehabilitated over 8,000 units across the U.S., contributing to an overwhelming need for the continued maintenance and affordability of income- and age-restricted housing.
Prior to joining Greystone, Ms. Winstead served for 15 years at CAHEC, a nonprofit regional tax credit equity syndicator, as Senior Acquisitions Manager. While at CAHEC, she led over $400 million in equity investment transactions involving state and federal Low Income Housing Tax Credits and state and federal Historic Rehabilitation Credits in Alabama; Georgia; North Carolina; South Carolina; Virginia; and Tennessee.
Prior to joining CAHEC, Ms. Winstead was a vice president and project manager with DHIC, a regional nonprofit affordable housing developer, where she was responsible for overseeing planning, financing and construction of single-family and tax credit multifamily housing. While there, she also oversaw the creation and development of DHIC’s home ownership counseling center.
Based in Greystone’s Raleigh, NC office, Ms. Winstead reports to Campbell Brown, SVP, Operations.
“Demand for our full-service advisory and recapitalization platform has increased as the number of affordable units nearing obsolescence across the country continues to grow,” said Mr. Brown. “We are thrilled that Yolanda’s experience across a wide range of states and agencies will help us meet this demand and provide a seamless recapitalization and renovation for thousands more in the future.”
About Greystone Affordable Housing Initiatives LLC
Greystone Affordable Housing Initiatives LLC, an affiliate of Greystone, is a finance and transaction management company that is focused on meeting the challenges associated with the recapitalization, rehabilitation and preservation of affordable housing throughout the U.S. To date, Greystone has coordinated the rehabilitation and preservation of over 8,200 apartment units with another 5,800 in various stages of completion. The company’s mission is to create meaningful and significant impacts on communities by helping to provide low-income households with decent, safe affordable housing.
About Greystone
Greystone, together with its affiliates, is a real estate lending, investment and advisory company headquartered in New York. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products; Mortgage servicing; Real estate investment and development; Acquisitions / management of multifamily properties and healthcare facilities; Affordable housing preservation; Public transport real estate management; and Investment sales advisory. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.