CPDC Makes Two New Member & Leadership Appointments to Board of Directors
Bailey, Brodsky join; Davenport, Lemos take leadership roles
SILVER SPRING, MD, February 9, 2015 – Community Preservation and Development Corporation (CPDC) today announced two new additions to its Board of Directors: Laura Bailey of Capital One Bank and James A. Brodsky of Weiner Brodsky Kider PC. The leadership of CPDC also announced that Linda Davenport has succeeded Conrad Egan as Board Chair and Fernando Lemos has joined Phyllis Caldwell as Board Vice Chair.
“With the adoption of our 2014-2018 strategic plan, we saw value in enhancing the Board’s community development, real estate finance, and merger and acquisition expertise,” said CPDC President and CEO J. Michael Pitchford. “With these new appointments, we have further strengthened our board and, with the board, are even more poised to tackle the ambitious goals outlined in our plan.”
Laura Bailey, Managing Vice President of Community Finance, leads Capital One’s business of lending and investing for affordable housing development. In the past year, originations have reached $1.5 Billion with a cumulative portfolio of $5 Billion. Before joining Capital One, Laura’s experience included serving as Regional Executive, Community Development Banking at Bank of America and as Vice President at JPMorgan Chase. Ms. Bailey earned concurrent degrees in Finance from the Wharton School and in International Relations from the University of Pennsylvania.
Over the next four years, CPDC will be working to establish and implement community development strategies in key CPDC communities and grow our portfolio in key markets like Baltimore, Richmond, and Hampton Roads. Bailey’s addition to the Board was specifically chosen to advance these efforts.
James A. Brodsky is a founding member of the Washington, D.C. law firm of Weiner Brodsky Kider PC where he concentrates on mortgage and real estate finance issues; federal compliance matters; secondary market transactions; asset purchases and sales; mergers and acquisitions; and strategic business initiatives. Prior to entering private law practice in 1977, Mr. Brodsky was a Deputy Assistant Secretary with the U.S. Department of Housing and Urban Development. He also served as a law clerk in the federal courts in the District of Columbia. Mr. Brodsky received his law degree from the Georgetown University Law Center, where he was an Editor of the Law Journal, and received graduate and undergraduate degrees from Columbia University and Cornell University.
In addition to advancing its community development goals, CPDC will be working to increase the stock of affordable housing by broadening the types of partnerships in which it engages. Brodsky’s background in partnerships, mergers and acquisitions, and real estate, was specifically sought out to provide guidance to the team.
“We are excited by the caliber of individuals we continue to attract on our Board, said newly appointed Board Chair Linda Davenport. Adding Brodsky and Bailey’s expertise nearly rounds out the experience needed to lead CPDC in making continued investments in communities to help them grow and thrive.”
A premier developer of affordable housing in Washington, D.C., Maryland and Virginia, Community Preservation and Development Corporation (CPDC) works to develop vibrant communities through innovation and partnership. The organization currently owns over 4,500 dedicated affordable apartments within more than 25 communities, with resident engagement programs at many of its properties serving more than 9,000 residents. More about the company is available at www.cpdc.org.