Comunidad Partners Puts Debby Jenkins in Charge of Impact-Focused Credit Platform
Comunidad Partners has named Debby Jenkins as CEO and partner of its new impact credit platform, Comunidad Credit Capital. Washington, DC-based Jenkins previously served as executive VP and head of multifamily at Freddie Mac.
The Federal Housing Finance Agency recently announced that in 2023, multifamily loan purchase caps for Fannie Mae and Freddie Mac will include a mission-driven category for workforce housing properties, providing incentives for borrowers to maintain rents at affordable levels for extended periods of time, Jenkins notes.
“Given FHFA’s strong focus on affordable and equitable housing, I believe this is an opportune time to introduce a platform that will keenly focus on these important issues,” said Jenkins. “Despite the significant increase in interest rates and economic uncertainty going into 2023, we believe the rental housing sector, and specifically workforce housing, is positioned well. This market sector has proven its resiliency during the last financial crisis as well as the recent pandemic. It is our intention to contribute to this by aligning with FHFA and the multifamily industry by providing a consistent source of capital to workforce and affordable housing borrowers.”
Comunidad Partners is a real estate investment firm specializing in workforce and affordable housing in culturally diverse communities throughout the US. The firm is 100% minority and women-owned.