HERBERT MORSE NAMED CHAIRMAN OF THE BOARD OF PRESERVATION OF AFFORDABLE HOUSING, INC. (POAH)

Georgia Murray, formerly of Boston Financial, Becomes Newest POAH Director

Boston—Herbert E. Morse, a founder of Preservation of Affordable Housing, Inc. (POAH), has been elected Chairman of the organization’s Board of Directors. POAH, a nationally recognized nonprofit owner of affordable rental homes, has been on a rapid growth curve under the dedicated leadership of its Board and President, Amy Anthony. The organization, now six years old, currently owns and operates 4,615 affordable rental homes for the elderly, the disabled and low-income working families in eight states and the District of Columbia.

A Certified Public Accountant, Mr. Morse served for several years as the Managing Partner of the Boston office of KPMG, an international audit, tax and consulting practice, providing leadership to the firm’s client service teams as well as direction for its strategic growth and expansion. He was promoted to Managing Partner of the New York Metro Practice—KPMG’s largest office worldwide—a position from which he retired several years ago. Putting the KPMG philosophy of corporate social responsibility into action, Mr. Morse has a lengthy resume of charitable and volunteer endeavors beyond POAH, including serving as Director and Audit Committee chair of National Equity Fund (from which POAH was created) ; Director of The Boston Foundation; Director and former Chair of the Salvation Army, both in Boston and New York, and former Director of the Tri-State United Way.

A resident of Hingham, Massachusetts, he received his undergraduate training at Boston University and completed a graduate degree from Babson College.

Mr. Morse and his colleagues on the POAH Board have this week welcomed Georgia Murray as POAH’s newest Director. Ms. Murray is widely experienced in property ownership and management. For over two decades, she led several business units at Boston Financial, a real estate investment company, in areas including property management, asset management, and investment real estate.

She also served on the company’s Board for more than ten years, until its sale to LendLease Real Estate Investments, Inc., in 1999. Following the sale, Ms. Murray served as a Principal of LendLease. A Director of Franklin Street Properties, a publicly-traded REIT, Ms. Murray also serves on the boards of the Initiative for a Competitive Inner City, the Crittenden Women’s Union and the Multifamily Housing Institute, of which she is a past President. She is currently a Trustee of the Urban Land Institute, and formerly served as a Director of the Capital Crossing Bank. Ms. Murray, a graduate of Newton College, resides in Boston, Massachusetts. .