As a specialist in developer coordination and recruitment, Pete brings valuable experience to CRA. Pete’s extensive experience started as chief underwriter of HUD-insured multifamily loans and grew quickly to the development of apartment units, shopping centers, office buildings and single family subdivisions. Before joining the team at HRM, Pete had spent his last 15 years with Missouri Housing Development Commission (MHDC), having served from Chief Underwriter to Executive Director (2005-2007 Acting Director).   The following were just a few of his responsibilities throughout his tenure at MHDC:

• Developed a successful proposal in response to HUD’s Request for Proposals to purchase HUD notes secured by $40,000,000 in mortgages. MHDC has completely rehabilitated all properties and has collected in excess of $18,000,000 from these notes.   Included in his responsibilities in this process, were all inspections, all negotiations, all underwriting and all costs associated with the rehabilitation of said portfolio

• Developed Tax Exempt Bond, 4% Housing Tax Credit and Risk Share programs
• Rental Production and Preservation (Federal and State Housing Credits, HOME, Fund Balance, Trust Fund, Tax Exempt Bonds, AHAP Credits, Risk Share)
• Single Family Production—MHDC First Place Program (first time home buyer program)
• Asset Management (Property management, Inspections, Compliance, HUD contract administration)
• Preservation (developing, nurturing and implementing preservation effort with HUD, Rural Development and OMHAR)
• Advised Commissioners of current federal, state and local rules and statutes or proposed legislation affecting housing and the operation of the MHDC

• Analyzed housing development proposals to determine their compliance to federal, state and MHDC regulatory and program guidelines
• Developed and implemented strategic and financial planning
• Evaluated and discussed senior management recommendations for program involvement, proposed production of housing units and administration of tax credits.