POAH has named Judith S. Jacobson as it new General Counsel/Managing Director starting September 4.
Jacobson has over 30 years of experience in the affordable housing and community development field. She has been the deputy director and general counsel at Massachusetts Housing Partnership since 1996. She has extensive experience in the areas of financing multifamily rental properties, credit enhancement of tax-exempt bonds, first-time homebuyer programs, regulations for mixed finance of public housing, and technical assistance to municipalities. She has spearheaded major innovations in the field of affordable housing, including the development of the One Source loan program for construction and permanent loans and MassDocs, the consolidated closing documents used for all state subsidy loans.
She replaces W. Bart Lloyd who served as the organization’s managing director of acquisitions and general counsel since the company’s early years following its founding in 2001 and is retiring in July.
“Judy’s deep experience in affordable housing finance, regulations and programs and her ability to craft innovative solutions that improve operations will be of enormous value to our organization,” said POAH President and CEO Aaron Gornstein. “She brings both the longstanding commitment to affordable housing and community development along with the skills and expertise to help us serve more individuals and families across the country.”
Jacobson has received numerous awards, including the Community Service Award from Citizens’ Housing and Planning Association, the Unsung Hero Award from the Women’s Bar Association, and the Public Service Award from Commercial Real Estate Women. On a volunteer basis, she has also served as the chair of the Newton Community Preservation Committee and the Real Estate Bar Association’s Affordable Housing Committee.
Jacobson received her J.D. degree from Northeastern University School of Law in Boston and her B.A. from Clark University in Worcester, MA.