CDT Elects Nicolas Retsinas as New Chair of the Board

The Community Development Trust announced that Nicolas P. Retsinas has been elected as the new chairman of the company’s board of directors.

Nic Retsinas thumbnailNew York—The Community Development Trust (CDT), the country’s first and largest private real estate investment trust (REIT) which provides capital for the preservation of affordable housing, announced that Nicolas P. Retsinas, senior lecturer in real Eestate at Harvard Business School and director emeritus of Harvard University’s Joint Center for Housing Studies, has been elected as the new chairman of the company’s board of directors. Retsinas succeeds Peter J. Weidhorn, managing director at Baron Realty Advisors, who has served as chairman for the past eight years. Weidhorn will remain on CDT’s Board.

Retsinas has served on CDT’s Board since 1998, when the company was founded. Prior to his current appointments at Harvard, he served as assistant secretary for Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development. Before that, he was director of the Office of Thrift Supervision. In addition to his involvement on CDT’s board, Retsinas serves on the board of directors of Freddie Mac and the Center for Responsible Lending. He also chairs the Providence Housing Authority and is a past chair of the board of directors of Habitat for Humanity International. In 2012, Retsinas was named to the Bipartisan Policy Center’s Housing Commission where he co-chairs the Mortgage Finance Reform Working Group. He has lectured and written extensively on housing, real estate, and banking issues, and is a Fellow at the National Academy for Public Administration.

For his work in the housing industry, Retsinas has received numerous awards and accolades over his career, including:

  • The Excellence in Public Service Award from the Rental Housing Association;
  • The Housing Leadership Award from the National Low Income Housing Coalition;
  • Induction into the Affordable Housing Hall of Fame;
  • Induction into the National Housing Hall of Fame;
  • Inclusion in Multi-Housing News’ Most Influential People in Real Estate list;
  • BUILDER magazine’s Top 30 Innovators in the Home Industry in the Past 30 Years list;
  • Bloomberg Businessweek’s 50 Most Powerful People in Real Estate list;
  • Meritorious Service Award from the US Department of Treasury; and
  • The National Housing Conference’s Person of the Year honor in 2011.