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Standard Communities Expands C-Suite, Names Feras Qumseya Chief Development Officer
Standard Communities, a national multifamily affordable housing investor and developer, has named Washington, DC-based Feras Qumseya as chief development officer. This is a new position created to lead the new construction division, a platform focused on leveraging 4% Low Income Housing Tax Credit financing to build new dedicated affordable housing units in major metropolitan areas.
Standard recently launched three dedicated business lines — acquisition redevelopment, new construction and essential housing — to better leverage and align the strengths and diversity of its people and enable them to execute faster and more efficiently.
Qumseya brings 20 years of experience working on all aspects of affordable housing, economic development, public-private partnerships, large mixed-use projects, and transit-oriented developments. He joins Standard from Foulger-Pratt, a real estate investment and development firm, where as VP of development he was responsible for creating and preserving affordable housing nationwide.
Qumseya served as the mayor’s founding director for the Saint Elizabeths East Campus Redevelopment initiative.
- ◦People
