Massachusetts Housing Investment Corporation

Moddie Turay

Moddie Turay is President and CEO of MHIC. Moddie is an accomplished community and economic development executive with over 22 years of experience in both public and private sectors. Since 2018 he served as Founder & CEO of City Growth Partners, a Detroit-based real estate development company whose mission is to advance neighborhoods through developments that are socially, architecturally, and economically catalytic. Prior to City Growth Partners, Moddie served as the Executive Vice President of Real Estate and Finance at the Detroit Economic Growth Corporation where he was chief deal maker in coordinating the disposition of commercial property and in directing public and private investments to major commercial, industrial, and retail developments and programs across the City of Detroit. In this role he led over $2 billion in economic development initiatives. He also previously served in development roles with Western Development Corporation in Washington DC, and the U.S. General Services Administration (GSA) in the Public Buildings Service. He was also the special assistant to Washington DC Mayor Anthony Williams. Moddie was a 2022 Loeb Fellow at the Harvard Graduate School of Design. He holds a Bachelor of Science degree in business administration from Saint Augustine’s University in Raleigh, NC.

Elizabeth Hibbard

Liz Hibbard joined Massachusetts Housing Investment Corporation (MHIC) in October 2020 as Director of Capital Development. Liz is a passionate real estate professional with nearly fifteen years of experience in commercial real estate investing/lending. Prior to her appointment at MHIC, she served as a Senior Credit Officer on the Commercial Real Estate lending credit team at State Street, where her credit coverage included Corporate/Leverage Loans and Tax Advantaged Investments. Before joining State Street, Liz spent four years at Citizens Bank building out a formalized Community Development equity investment platform to support the creation/preservation of affordable housing while meeting the Bank’s Community Reinvestment Act goals. Liz also contributed to several strategic initiatives including collaboratively pioneering the Bank’s efforts to build out a New Market Tax Credit investment structure for commercial real estate investments and representing Citizens on the Affordable Housing Investors Council (AHIC) Planning Committee. Prior to that, Liz was actively engaged for over five years in the asset management and origination of low-income housing properties with a national tax credit syndicator.

Liz serves as Vice Chair of the Norwell Community Housing Trust where she played a vital role in transforming a vacant police station into 18 units of affordable housing, is on the Board of Trustees/Grant Review Committee for Charlesbank Homes, a non-profit with the mission to support the development of affordable housing, and most recently, was appointed to the Board of Overseers for the Boston Children’s Museum. Liz holds a BA in Political Science from the University of Massachusetts Amherst.

Kathleen McGilvray

Kathy McGilvray currently serves as the Director of Investment for Massachusetts Housing Investment Corporation. Kathy joined MHIC in 2003 as an asset manager and transferred to the development department in 2005. She now manages the underwriting staff and project pipeline for MHIC.

Before joining MHIC, Kathy worked as an auditor for Coopers & Lybrand where she had healthcare, financial services, bio-tech and non-profit clients, and worked for a physician practice management company where she was responsible for conducting the financial analyses for physician practices looking to join the company. She was also Director of Financial Reporting for an internet commerce company, Fatbrain.com, which she brought through an Initial Public Offering.

Kathy serves on the Somerville Community Corporation Board of Directors and is former co-chair of the Housing and Community Development Committee of CREW Boston. She previously served for seven years on the Board of Trustees of the Cambridge Health Alliance (CHA), a health system comprised of three community hospitals and numerous health clinics throughout Boston’s metro-North. Kathy holds a Masters in Public Policy from Harvard University's John F. Kennedy School of Government and graduated magna cum laude from Tufts University with a Bachelor of Arts Degree in Economics and American Studies.

William Thompson

William Thompson is responsible for the financial operations of MHIC (the Applicant’s Controlling Entity) and manages the company's information technology function. He joined MHIC in September of 1992. He also oversees all accounting and loan servicing functions, manages cash flow for all program activities and coordinates all audit activities. As of 9/22/20, this represents aggregate assets exceeding $1.19 billion and over 167 NMTC and LIHTC funds. He is responsible for all reporting to the CDFI Fund, including AMIS and CIIS reporting. In addition, he monitors all capital transactions for the corporation, including all aspects of CDE compliance. Mr. Thompson has been involved with the new markets program since its inception and was the architect of the company’s financial management and operational policies and procedures. He has also been instrumental in developing accounting and management information systems that are tailored for new market tax credit transactions. Mr. Thompson manages a staff of eight professionals. Prior to MHIC, he worked for several years as a business analyst with a Boston based bank. Mr. Thompson earned his B.S. degree in Accounting from Hampton University.

Travis Watson

Travis Watson joined MHIC in May 2016 and was promoted in 2020 to the newly created position of Director of Racial Equity & Community Engagement. Travis works to create a more racially equitable construction industry. In this role, he is responsible for ensuring that MHIC-financed projects maximize the participation of both businesses owned by people of color and workers of color. To help support this work, he created the Access and Opportunity Network, which serves as a repository of news, strategies, resources, and best practices to help construction projects maximize racial equity. Additionally, Travis serves as Chairman of the Boston Employment Commission and is a member of the Mayor of Boston's Supplier Diversity Council. Before MHIC, he worked for nine years as a senior organizer at the Dudley Street Neighborhood Initiative (DSNI). At DSNI, he led efforts that secured high employment levels for residents, people of color, and businesses owned by people of color on two major construction projects. Travis graduated with high honors from Brandeis University with a B.A. in African and African-American studies.

Conservation Law Foundation

Dr. Tracy Corley

Dr. Tracy Corley is the Director of Research and Partnerships at CLF, supporting scientific practices and partnerships across the organization. She brings experience in research, public policy, law, and sustainability to CLF, which she joined in February 2021. Her passion for sustainable, equitable development comes from personal and professional experience with impacts that investment decisions can make on community and environmental health. She approaches CLF's impact investing and metrics with experience as a former entrepreneur, architectural designer, economic development advisor, and mixed methods researcher in regions across the United States and Germany.

Virginia Foote

Virginia (Gina) Foote is the Director of Impact Investment at CLF Ventures, where she helps develop market-based solutions to address New England’s environmental problems. Gina oversees three impact funds co-sponsored by CLF: the Healthy Neighborhood Equity Fund I and II, and the Healthy Retail and Commerce Fund. Gina and her team are growing CLF’s portfolio of funds. Gina identifies target markets mission-aligned with CLF’s programs where CLF can catalyze change with strategic funding facilities. She finds best-in-class partners, structures funds, helps raise capital, participates on investment committees, and oversees the monitoring and reporting of impact results over time.

Gina is an impact investing and finance professional. She has a wide range of deal experience in both investment banking and venture investing. Prior to joining CLF, Gina was CFO/COO for a private equity fund investing in clean energy and materials. Formerly, she was the CFO/Controller for a for-profit international education company. She has also consulted for ACCION International, a non-profit dedicated to building a financially inclusive world with economic opportunity for all. Earlier in her career, Gina worked in corporate finance advisory in New York and Mexico and taught Introductory Finance and Business History at Boston University. Gina is a member of the Clean Energy Venture Group, an investment group with offices in Boston and New York, and which provides seed capital and management expertise to early-stage clean energy companies. She is also a member of the Trustees Collaborative, a greater-Boston parks advocacy group, and The Boston Club. Gina formerly served on the Board of Directors of the Charles River Conservancy. She holds an MBA from Harvard Business School, an MSc from the London School of Economics, and a BA from Yale University.

Alex Linkow

Alex Linkow is the Manager of Impact Investment at Conservation Law Foundation. In this role, Alex works with the CLF Ventures team and its partners to grow thriving New England communities by developing and deploying market-based solutions to address the region’s social and environmental challenges, with a specific focus on creating impact investment approaches. Prior to joining CLF, Alex managed Fair Food Network’s Fair Food Fund, which provides financing and business assistance to good food enterprises growing community health and wealth in the Northeastern US. Since 2013, the Fair Food Fund has provided over $3.7 million of financing and business assistance to more than eighty good food enterprises across nine states. With support from the Fair Food Fund, these enterprises have supported more than 1300 farms, created over 155 jobs, and purchased nearly $28 million of local food. From 2008 to 2011, as a graduate student in the University of Michigan’s Erb Institute MBA/MS program, Alex focused on sustainable food systems, social entrepreneurship, and marketing strategy. Before joining the Erb program, he spent four years managing marketing communications at Clivus Multrum, a leading manufacturer of composting toilet systems based in Lawrence, MA.

Andrew Seeder

Andrew Seeder is a Senior Associate, Research & Metrics, for the CLF Ventures Healthy Neighborhoods Study. His background is in library research, information visualization, and map making. He comes to CLF from the Dudley Street Neighborhood Initiative, where he was responsible for the data reporting requirements for a federally-funded collective impact initiative. Previously he has also worked for the Smart Chicago Collaborative, the Chicago Community Trust, and the Media Burn Independent Video Archive. He has a B.A. in Tutorial Studies and an M.A. in Divinity from the University of Chicago. He believes that community-driven research is a powerful way to speak truth to power and unite communities.