CAHEC Strengthens Board with Housing Finance Expert Joaquin Altoro
Nonprofit community investment organization CAHEC has appointed housing finance leader Joaquin Altoro to its Board of Directors, bringing three decades of expertise that will enhance the organization's affordable housing initiatives across Southeastern and Mid-Atlantic states.
The appointment of Joaquin Altoro to CAHEC's Board of Directors represents a strategic enhancement of the organization's leadership capabilities in affordable housing finance and community development. With over 30 years of experience spanning banking, state government, and federal leadership, Altoro brings nationally recognized expertise in advancing innovative approaches to housing finance and capital deployment that directly align with CAHEC's mission of promoting equitable housing opportunities.
Altoro's distinguished career has focused on developing inclusive communities to enhance quality of life for diverse populations, making him particularly well-suited to contribute to CAHEC's work across the Southeast and Mid-Atlantic regions. His expertise extends across various sectors within the housing spectrum, including affordable housing finance and housing policy analysis, which will be valuable as CAHEC engages in diverse product areas including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits.
Currently serving as Managing Director at Falcon Capital Advisors, Altoro helps design and structure complex housing finance transactions while advising partners on strategies to align capital with long-term community development goals. His previous role as Administrator of USDA's Rural Housing Service, a White House Presidential Appointee position, involved managing a $185 billion portfolio of loans, guarantees, and grants supporting single-family and multifamily housing, as well as essential community facilities. During his tenure, he strengthened programs serving rural and Tribal communities and contributed to federal housing priorities through the White House Domestic Policy Council's Interagency Group on Housing Policy.
Dana Boole, President and CEO of CAHEC, emphasized Altoro's qualifications, noting that he brings unmatched expertise around housing finance, economic development, and strategic growth. His community investment acumen, developed through his tenure as CEO of WHEDA and Administrator of USDA Rural Housing Service, positions him to be a powerful voice within the organization's leadership. CAHEC's comprehensive approach to community development includes not only housing finance but also loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. More information about their contributions to affordable housing and surrounding communities is available at https://www.c-ahec.org.
The addition of Altoro to CAHEC's Board comes at a critical time for affordable housing development across the regions the organization serves. His experience in both public and private sector housing finance will provide valuable perspective as CAHEC continues to address housing challenges through multiple financial instruments and community support programs. The organization's multifaceted approach to community investment, combined with Altoro's expertise in capital deployment strategies, creates potential for enhanced impact in creating sustainable, inclusive communities throughout their service areas.