MassHousing Announces Five Appointments to Senior Management Positions

Boston—MassHousing Executive Director Thomas R. Gleason announced the appointments today of five individuals to senior management positions.

Timothy Sullivan, of Brookline, was named deputy director for finance and rental programs. Monte Stanford, of Saugus, has assumed the position of director of rental lending.

Peter Milewsk, of Duxbury, was appointed director of homeownership lending and Kevin Mello, of Norton, was named director of homeownership servicing and operations. Additionally, Karen Kelleher, of Arlington, was named general counsel.

Prior to joining MassHousing, Monte Stanford was the manager of Multifamily Public Finance at Fannie Mae, a senior consultant in mortgage finance and securitization at PricewaterhouseCoopers, and a principal at Information Engineering Services, which focused on federal fiduciaries and state and local housing agencies. Most recently he created and directed the Stanford Advisory Group, which consulted on business dealings with federal housing agencies and regulators.
In taking over as MassHousing’s Director of Rental Lending, Stanford said he is excited about meeting the challenges of changing and emerging markets related to affordable housing finance.

Prior to being named director of homeownership lending, Peter Milewski was the director of MassHousing’s Mortgage Insurance Fund since 1999 and also directed the Agency’s Business Development group, which he will continue to do in his new position. His career in mortgage insurance and mortgage origination spans 42 years. In assuming the position of director of homeownership lending, Milewski will oversee MassHousing’s mortgage lending to low- and moderate-income homebuyers and homeowners in Massachusetts.

Kevin Mello has been in the mortgage lending and service industry for 30 years and been with MassHousing since 1993. Before being appointed director of homeownership servicing and operations, he was the acting director of the Agency’s Homeownership division and before that the Homeownership division’s senior asset management manager.

In his new role, Mello will oversee and focus on the performance and servicing of MassHousing’s $3 billion home mortgage portfolio, information technology support and regulatory compliance.

Karen Kelleher joins MassHousing from The Community Builders in Boston where she was employed for 12 years, most recently as senior vice president and general counsel. Prior to that, she was a real estate and tax credit syndication attorney with the firm of Nixon Peabody, LLP, and worked as an attorney for the U.S. Department of Housing and Urban Development in Washington, D.C.