Wendell Johns - GLCF Board Chair
Retired
Washington D.C.
 

Wendell L. Johns retired from Fannie Mae as Vice President for Multifamily Housing in May 2005. During his 17 years at Fannie Mae, he helped direct its development of an industry-leading portfolio of community development and affordable rental housing assets, which included:

Wendell L. Johns retired from Fannie Mae as Vice President for Multifamily Housing in May 2005. During his 17 years at Fannie Mae, he helped direct its development of an industry-leading portfolio of community development and affordable rental housing assets, which included:

Establishing Fannie Mae as the leading national corporate investor in rental housing qualifying for the low-income housing tax credit (including historic tax credit) resulting in major contribution to Fannie Mae's profitability

Played a critical role in creating tools for the industry including: the first single investor equity fund, capitalizing some of the premier state and local equity funds and the potential recapture exclusion being considered by Congress to promote affordable housing preservation.

Pioneered housing finance models that later became Fannie Mae's American Communities Fund, including: historic tax credit equity investments; stock purchases of community development financial institutions; lines of credit to community development corporations; permanent debt products used to preserve rural rental housing.

Promoted and led the effort to expand permanent debt products to the affordable rental housing market, including tax-exempt bond purchases and bond credit enhancement.

From 1978 to 1988, Mr. Johns was chief financial and administrative officer for a number of divisions of Oxford Development Corporation in Indianapolis, IN and later in Bethesda, MD. From 1974 to 1978, he was an auditor, rising to the level of supervisor, with Coopers & Lybrand in Indianapolis, IN.

He serves on the boards of the American Red Cross of the National Capital Area (previously as volunteer board chair), the Great Lakes Capital Fund, and Girls, Inc. of the Washington DC Metropolitan Area.

A trained CPA, Mr. Johns holds a BS from Indiana University and an MBA from the University of Notre Dame.

Johns is recently retired as Executive Vice President and Chief Financial Officer of The NHP Foundation – a nonprofit owner and operator of affordable rental housing in 11 states including New Orleans, LA.

Marsha A. Kreucher - GLCF Board Vice Chair
Executive Director
Community Action Agency
Jackson, Michigan

Ms. Kreucher has directed this private nonprofit Human Service Agency serving Jackson, Lenawee and Hillsdale Counties since 1988. She is an active member of the Michigan Community Action Agency Association and of the Human Service Collaborative Boards for the three counties. Ms. Kreucher has been involved on a statewide level in various capacities including the Rural Health Steering Committee, Michigan Women’s Foundation Grant Distribution Committee and State Energy & Weatherization Policy Advisory Committee. She has also served on the Governors Task Force on Food and Nutrition.

Michael J. Taylor - GLCF Board Secretary/Treasurer
Senior Vice President/Western Territory Executive

PNC Bank
Cleveland, OH

Michael J. Taylor is senior vice president, Western Territory Executive, for PNC Bank. He is responsible for community development and CRA activities for Ohio, Michigan, Indiana, Illinois, Missouri and Wisconsin. Prior to this he was the president and executive director of the National City Community Development Corporation, the first community development corporation founded by a financial services company. The Community Development Corporation invested more than $1.5 billion in revitalizing neighborhoods. National City's investments in these projects have led to total investments of $11.9 billion and have helped create more than 83,261 new and rehabbed housing units.

Mr. Taylor has experience in both private and public sector community and economic development, as well as twenty-five years of banking experience. He is a graduate of Central Michigan University with a bachelor's degree in Business Administration and a master's degree in Administration. He is also a graduate of Robert M. Perry School of Banking. He was awarded a 2000 National City Bank of MI/IL Excel Award, the highest recognition award an employee can receive, for outstanding contributions and service to the community.

James S. Bernacki - GLCF Director
First Vice President and Group Manager
Comerica Community Development Center
Detroit, Michigan

Mr. Bernacki has worked in a variety of different capacities during his thirty year career at Comerica Bank. He started in the branch management training program and soon moved into the commercial banking division. There he was part of a team of lenders that started the Small Business Department. While in Small Business, Bernacki was responsible for re-establishing Comerica Bank's SBA program that quickly reached the government's highest status of Preferred. In 1992, he started a subsidiary, Comerica Community Development Corporation, that focused exclusively on delivering financial solutions to community development projects. Over the course of time, that activity became more specialized in tax advantaged financing. Today, Bernacki is the department manager for Community Development Finance. There he guides the wholesale distribution of capital to the affordable housing industry and equity investments to historic rehabilitation developments.

Tom Tracy - GLCF Director
Managing Director
Hunter Chase & Company
Carlsbad, California

Mr. Tracy manages this investment banking company that specializes in structuring community investments and specialized mezzanine financing. Previously, he was a Senior Vice President and Managing Director of Key Housing Capital, a division of Key Bank, which raised $1.3 billion in equity for Low Income Housing Tax Credit projects while he was co-manager of the group. Mr. Tracy has an extensive background in the affordable housing area, both in for-sale housing and residential rental housing. He was formerly a financial services partner for KPMG Peat Marwick and headed that firm's affordable housing practice.

William C. Perkins - GLCF Director
Executive Director
Wisconsin Partnership for Housing Development
Madison, Wisconsin

Bill Perkins is the Executive Director of the Wisconsin Partnership for Housing Development. The Partnership expands affordable housing opportunities and revitalizes neighborhoods by creating partnerships between the private, public and nonprofit sectors. Bill has over 40 years of experience in affordable housing development, finance and policy development.

Under Bill's direction, the Partnership has developed or been a development consultant for 800 rental and sale homes; provided training, technical assistance and consulting services to more than 120 nonprofit and for-profit companies and over 30 local and state governments; The partnership created and managed seven financing programs that provided over $60 million in debt and equity financing; and managed more than $25 million in down payment assistance or counseling to over 11,000 low- and moderate-income households. To date, the Partnership has providing housing assistance to over 14,000 households.