Winter 2016/2017 Newsletter

Organizational News: New Members Join CEDAC Board of Directors

CEDAC is pleased to welcome two new members to our Board of Directors. In January, Governor Baker appointed Margaret Wagner to CEDAC’s board. Ms. Wagner brings significant experience in housing finance and community development through her work at First Atlantic Capital, LLC, where she is a partner. First Atlantic Capital, LLC is a real estate investment company located in Boston focusing on the acquisition, ownership, and redevelopment of multifamily housing communities throughout the United States. Prior to First Atlantic, Margaret worked on a portfolio of affordable housing development and preservation projects at Housing Partners, Inc.

Additionally, MassHousing’s executive director Timothy Sullivan recently joined CEDAC’s board, filling the seat recently vacated by Tom Gleason, MassHousing’s previous executive director. Mr. Sullivan was named to his new role after more than 15 years as the Agency’s Deputy Director, Director of Rental Lending and Chief Financial Officer. He has held a number of senior budget and finance positions in Massachusetts government including State Budget Director; Director of Finance for the Commonwealth of Massachusetts; and Deputy Chief Financial Officer for the Massachusetts Turnpike Authority. He also served in transitional budget capacities for Governor Patrick and Governor Baker.

We’re looking forward to working with both Ms. Wagner and Mr. Sullivan to strengthen communities across the Commonwealth.