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Daniel Marsh’s work in the field of economic and community development has spanned 30 years in the public, private and non-profit sectors and includes all aspects of business finance and real estate development. At the National Development Council (NDC), which he joined in 1986, Marsh has served as a Regional Director and Senior Manager prior to assuming his current responsibilities directing NDC’s Policy and Advocacy work in Washington, D.C. Mr. Marsh also serves as President of the NDC Housing and Economic Development Corporation, NDC’s development and financing arm, and is credited with creating its nationally recognized P3 program using tax-exempt financing for social and traditional infrastructure development.
Before joining NDC, Marsh served in a number positions for the City of Newburgh, New York, beginning as a project administrator and later administering the City’s CDBG program and then a variety of its economic development activities, including the creation of Newburgh’s first marketing and outreach strategies and programs. He then served as Executive Director of Newburgh’s Office of Economic Development, carrying out a revitalization program that brought over $100 million in investment to what had been one of the nation’s most economically distressed cities. During that same time, he was the founding director of the Newburgh Local Development Corporation and Executive Director of the City’s Industrial Development Agency, overseeing both the financing and development of key commercial and industrial real estate projects and created New York State’s first Small Issue Industrial Revenue Bond Pool.
West Team Leader
Chuck Depew is West Team Leader for the National Development Council, a national non-profit that provides economic and community development assistance to local governments. For more than 30 years NDC has worked with local jurisdictions on multiple housing and economic development efforts. Chuck provides technical assistance in project finance, development negotiation and housing finance to communities throughout the Northwest, including Utah and Wyoming and Northern California. In addition, he teaches commercial and housing real estate finance nationwide in NDC’s leading training program. Prior to his tenure at NDC, Chuck was Deputy Director of the Office of Economic Development for the City of Seattle. He has over 30 years of experience in public finance, housing, economic and community development.
Mr. Depew has a Bachelor’s degree in Environmental Planning from the University of California, at Santa Cruz; and a Master’s degree in Urban Planning from the University of Washington.
Director of Training
Stephanie Dugan is an economic development professional and currently is Director of Training. She manages several technical assistance contracts and also teaches NDC courses in Economic Development Finance, Business Credit Analysis, Problem Solving & Deal Structuring, Home Ownership Finance, Mixed Use Real Estate Finance and Low-Income Housing Tax Credits. She has assisted a number of clients to secure federal and state Historic Rehabilitation Tax Credits and New Markets Tax Credits. She provides development assistance to nonprofit organizations interested in using Low-Income Housing Tax Credits for affordable housing projects. Most recently, she assisted a small housing authority with its fourth tax credit project – the $20 million redevelopment of a former public housing site into 80 units of affordable housing using a combination of LIHTC equity, HOME Investment Partnership funds, public housing funds and private debt.
She draws on experience gained as the Assistant Director of Economic Development for the City of Abilene where she administered a small business finance and incentive program, capitalized at $6 million per year. Prior to leaving the City of Abilene, she served as project manager for the “Windsor Hotel,” $5 million downtown restoration project.
Stephanie holds of Bachelor of Arts Degree from Texas Tech University in Economics.
CHIEF FINANCIAL OFFICER
Mr. Ennis is the Chief Financial Officer of the National Development Council, overseeing all matters related to financial management, reporting, budgeting and forecasting, and audit and tax preparation. Before becoming CFO for the entire organization in 2016, Mr. Ennis oversaw financial matters for NDC’s development arm, which finances and develops affordable housing and other community and economic development projects. In this capacity, Mr. Ennis oversaw the financial management and reporting for transactions involving $754 million of New Markets Tax Credits, $805 million of Low Income Housing Tax Credit equity, and $1 billion in tax exempt bond financed properties throughout the United States.
Prior to joining the National Development Council, Mr. Ennis was a Senior Associate at Dixon Hughes PLLC (now DHG), and primarily worked to provide external audit and review services for community banking clients throughout North Carolina. Mr. Ennis received his Bachelor’s Degree in Finance and Banking from Appalachian State University and has a Master of Science in Accountancy from the University of North Carolina at Wilmington.
Central Team Leader
Raquel Favela is a recognized expert in economic development and housing with 25 years of experience. As Senior Director at the nation’s oldest non-profit technical advisory services firm, National Development Council (NDC), she leads the central regional team in helping public sector clients understand their markets and develop customized strategic plans and policy solutions that build eco-systems critical to equitable job creation and diverse housing options. Raquel’s unique brand combines practical experience with her long-range planning and policy acumen to bring balanced problem solving to communities.
A thought leader and authority, she has walked in the shoes of most of the major participants in real estate development: owner, investor, developer, consultant, governmental entity, lender and landlord. Known for delivering results, while at the City of San Antonio, Raquel is credited with producing San Antonio’s first Strategic Community Development Plan in 2007. Ten years later while serving as the City of Dallas’ Chief of Economic Development and Neighborhood Services, Raquel was lauded for delivering the city’s first Comprehensive Housing Policy that addressed longstanding fair housing issues and disparate impact. In her role with NDC, Raquel has been the trusted advisor to clients across the country to include East Chicago, Indiana, Rockford, Illinois, Los Angeles County, Commonwealth of Puerto Rico, the State of Illinois and in Texas, San Antonio, Irving, and Temple. Raquel has guided clients on financing structures for challenging redevelopment projects, a role that garnered her extensive transactional experience with federal, state and local tools available to maximize public benefits.
East Team Leader
Kevin Gremse is an economic development professional with over two decades of experience. Kevin has used his working knowledge of business credit and real estate underwriting and proven experience with federal, state, and local economic development incentive programs to structure business and real estate development transactions exceeding $2 billion throughout the country.
As a Senior Director at NDC, Kevin manages a team of professionals who work in over thirty municipalities in the eastern United States. Kevin coordinates a multi-disciplined set of economic and housing development services, including technical assistance, training, and small business lending, and tax credit equity to public and private sector clients. Kevin assists to advance the work of NDC’s affiliated programs, including its federal tax credit investor programs, its pubic facility development division, and its small business lending company in client communities. Kevin is a widely experienced instructor for many of NDC’s economic and housing development finance courses and professional development programs and is also a frequent panelist at national and state economic development trade conferences on the practical use of federal and state finance programs.
Kevin is a graduate of the University of Scranton and earned a master’s degree in public finance from the University of Pennsylvania’s Fels Institute of Government. Prior to his career NDC, Kevin worked in the economic development field with several municipalities and also served in the Jesuit Volunteer Corps (JVC) with a community development corporation. He serves on the board of directors for Catholic Charities of Fairfield County and a community development financial institution (CDFI).
Mike Griffin is the Fund Manager and Director of Investor Relations for the National Development Council’s Corporate Equity Fund. He joined the organization in April of 2014. In this role he is responsible all aspects of the Fund, including for maintaining and establishing relationships with corporate investors with the objective of raising capital that the fund invests in affordable housing projects across the country. In addition he oversees the acquisitions and asset management functions.
Prior to NDC Mike was the Senior Vice President and Director of KeyBank’s Community Development Banking group, with responsibility for Corporate CRA Compliance and Community Development Asset Management.
Mike joined Key in April 1998 as Asset Manager for the bank’s portfolio of community development investments. The portfolio is currently $1.6 billion of investments targeted to Key’s fourteen footprint states.
In addition to Asset Management responsibilities he was appointed National CRA Compliance Manager in 2003. The directed the bank’s last three CRA exams, the most recent resulting in the bank’s 8th consecutive Outstanding rating. In the CRA role, Mike focused on building partnerships, both at the corporate level and in the 22 KeyBank districts. Mike also had a lead role in responding to community groups and shaping KeyBank positions in response to community concerns
PRESIDENT OF NDC GROW AMERICA FUND
John Palyo currently serves as President of NDC Grow America Fund (NDC GAF). NDC GAF is a community development bank authorized to make loans under the Small Business Administration 7(a) program throughout the United States. John has been a Director with the National Development Council since 1998 and as President of GAF he oversees all lending operations of the Fund, which is also operates as a Certified Development Financial Institution. John regularly teaches several NDC training courses including ED101–Economic Development Finance and ED201–Business Credit Analysis.
Prior to joining GAF, John worked for five years at JP Morgan Chase and Nat West as a loan underwriter working on a range of business loan products ranging in size from $50,000 to $2 million.
Director of Human Resources
Gertrude serves as the Head of Human Resources. Prior to assuming this role, Gertrude directed financial planning, procurement and investment of funds for the National Development Council for over 33 years. During her time as CFO, she guided NDC from a manual to a comprehensive computerized accounting system. Working closely with auditors to insure the timely preparation and publication of interim and audited financial statements. Other duties included multi-state tax preparation and annual corporate reporting to various state, city and local municipalities, as well as analyzing financial records and forecasting future financial positions and budget requirements to management.
Gertrude developed the policies and procedures in the area of Human Resources. She has authored NDC’s first employee manual. As NDC’s Director of Human Resource, Gertrude oversees all aspects of NDC’s fringe benefit package.
Gertrude is a graduate of Pace University in New York City.
Chief Operating Officer, New Markets Tax Credit Program
David Trevisani is the Chief Operating Officer of NDC’s New Markets Tax Credit Program, part of NDC’s Housing and Economic Development Corporation (HEDC), a real estate development arm of NDC that has developed close to $1 billion of projects ranging from affordable housing to municipal office buildings. He previously served as a Director on NDC’s East Team, providing technical assistance to units of government and non-profit organizations on affordable housing and economic development projects. He also has a broad classroom repertoire including ED202–Real Estate Finance, PD515–New Markets Tax Credits, HD420–Rental Housing Development Finance, HD422–Computer Spread Sheet Analysis for Housing, HD430–Housing Development Finance: Problem Solving and Deal Structuring and Mixed-Use Real Estate Finance.
David previously acted as commissioner of Urban and Economic Development for his hometown of Utica, NY, managing the City’s Planning and Community and Economic Development office. He currently lives in upstate New York with his wife and three children.