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Judd S. Levy was appointed as Chairman of the New York State Housing Finance Agency, the State of New York Mortgage Agency, and their affiliated Agencies and subsidiaries, on March 21, 2007. Mr. Levy has been a leader in the affordable housing industry for over 30 years.
Mr. Levy is currently the Founder, President and Chief Executive Officer of The Community Development Trust (CDT), the country’s only real estate investment trust devoted to community development finance. Under his leadership, CDT has raised more than $120 million in successful private placements, has overseen program activity totaling more than $600 million, and has financed over 22,000 units of affordable housing in 39 states.
Prior to founding CDT, Mr. Levy served for three years as President and Chief Executive Officer and a Board Member of the Local Initiatives Managed Assets Corporation (LIMAC), a national secondary market for community development loans. While at LIMAC, Mr. Levy introduced several new programs which significantly increased the corporation’s volume of activity.
From 1978 to 1988 Mr. Levy served as the Managing Director of the Housing Finance Department at Merrill Lynch Capital Markets, where his group financed over $50 billion of tax-exempt bonds for affordable housing across the country. He began his career in affordable housing in 1973 as the Deputy Director for the New Jersey Mortgage Finance Agency. He currently serves as a Member of the Board of Directors of The Low Income Investment Fund, and as an advisor to Habitat for Humanity International where he developed Habitat’s Accelerated Asset Recovery program.
Mr. Levy graduated from the Wharton School at the University of Pennsylvania in 1964 where he received a Bachelor of Science Degree. He lives in New York City with his wife Susan. | 