CAHEC Appoints Housing Finance Expert Joaquin Altoro to Board of Directors

The appointment of Joaquin Altoro to CAHEC's Board of Directors represents a significant strategic move for the community development organization, bringing nationally recognized expertise in housing finance and capital deployment to advance affordable housing initiatives. With over 30 years of experience spanning banking, state government, and federal leadership, Altoro's career has consistently focused on promoting equitable housing opportunities and developing inclusive communities that enhance quality of life for diverse populations.

Altoro's distinguished background includes his current role as Managing Director at Falcon Capital Advisors, where he designs and structures complex housing finance transactions while advising partners on strategies to align capital with long-term community development goals. His previous position as Administrator of USDA's Rural Housing Service, a White House Presidential Appointee role, involved managing a substantial $185 billion portfolio of loans, guarantees, and grants supporting both single-family and multifamily housing, as well as essential community facilities.

During his tenure at USDA Rural Housing Service, Altoro demonstrated exceptional leadership in strengthening programs serving rural and Tribal communities while contributing to federal housing priorities through the White House Domestic Policy Council's Interagency Group on Housing Policy. This experience directly aligns with CAHEC's mission to strengthen communities through affordable housing and supportive service initiatives across the Southeast and Mid-Atlantic regions.

Dana Boole, President and CEO of CAHEC, emphasized Altoro's value to the organization, describing him as a dynamic thought leader with unmatched expertise in housing finance, economic development, and strategic growth. Boole noted that Altoro's community investment acumen, enhanced by his previous role as CEO of WHEDA combined with his federal housing leadership, positions him to be a powerful voice within the already impactful CAHEC Board.

CAHEC's comprehensive approach to community development encompasses diverse product areas including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. The organization also provides 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.cahec.com.

The addition of Altoro to CAHEC's leadership comes at a critical time when affordable housing remains a pressing challenge across many communities. His expertise in navigating complex housing finance structures and his understanding of both public and private sector approaches to housing development will strengthen CAHEC's ability to create sustainable, inclusive communities. This appointment signals CAHEC's commitment to leveraging top-tier talent in its mission to address housing inequities and build stronger, more resilient communities through strategic partnerships and innovative financing solutions.