Community Development Trust appoints Jeff Crum as Vice President – Equity Originations

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The Community Development Trust (“CDT”) announced today that it has appointed Jeff Crum as Vice President – Equity Originations. In his new role, Jeff Crum will work to expand CDT’s equity investments that improve the lives of individuals and families living on the properties we finance while generating strong financial returns for its investors. CDT invests long-term equity alongside proven and reputable affordable housing operators to create and preserve long-term affordability and provide high quality affordable housing to residents. Mr. Crum will report to Michael Lear, CDT SVP – Head of Acquisitions.

NEW YORK (PRWEB) January 03, 2022

The Community Development Trust (“CDT”) announced today that it has appointed Jeff Crum as vice-president – origination of shares.

In his new role, Jeff Crum will work to expand CDT’s equity investments that improve the lives of individuals and families living on the properties we finance while generating strong financial returns for its investors. CDT invests long-term equity alongside proven and reputable affordable housing operators to create and preserve long-term affordability and provide high quality affordable housing to residents. Mr. Crum will report to Michel Lear, CDT SVP – Head of Acquisitions.

“Jeff has a wealth of experience successfully – and creatively – navigating the complexities of affordable housing and community development finance,” said Michael Lear. “We are delighted that Jeff is adding value to the origination team as CDT continues to grow through acquisitions and strategic partnerships. “

Now in its 23rd year, CDT is providing long-term debt and equity capital for the creation and preservation of affordable housing and community amenities, including charter schools. Nationally recognized CDFI, CDT has invested more than $ 2.5 billion in the United States.

“CDT is currently investing in nearly 30,000 units nationwide,” adds Jeff Crum. “I am delighted to join the CDT team and look forward to being a part of its continued growth. ”

Prior to joining CDT, Mr. Crum was Chief Investment Officer (CIO) for New Jersey Community Capital (NJCC), where he oversaw the real estate subsidiary of NJCC — Community Asset Preservation Corporation (CAPC), with operations including real estate development, asset management, construction management, real estate management and real estate brokerage services.

Mr. Crum holds a BA in Social Work from the Catholic University of America and an MA in Public Policy from the Edward J. Bloustein School of Public Policy and Planning at Rutgers University. He is Chairman of the City of New Brunswick Planning Council and sits on the boards of directors of the Elizabeth Coalition to House the Homeless and YouthBuild Newark.

About CDT

CDT is a national lender and investor in affordable communities. In collaboration with local, regional and national partners, CDT makes long-term equity investments and creates and acquires long-term mortgages. Over its 23 years, CDT has invested more than $ 2.5 billion in debt and equity in properties in 45 states and regions, helping to preserve and create approximately 51,000 affordable housing units. CDT is a private real estate investment trust (“REIT”), a certified community development financial institution (“CDFI”), a Fannie Mae approved lender for affordable housing and a member of the Federal Home Loan Bank of New York. As a private CDFI and REIT with a mission of social impact, CDT operates as a dual bottom line organization using creative financial solutions to provide debt and equity capital to underserved real estate markets while seeking returns. attractive to its shareholders.

For the original version on PRWeb visit: https://www.prweb.com/releases/the_community_development_trust_appoints_jeff_crum_as_vice_president_equity_originations/prweb18413029.htm


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