CAHEC has appointed Ed Stone as Senior Vice President of Syndications, effective January 12, 2026. Stone will provide leadership for the Syndications team, strengthening CAHEC's position in the affordable housing industry. This appointment signals CAHEC's commitment to enhancing its competitive advantage in community development finance, particularly in low-income housing tax credit (LIHTC) markets that serve vulnerable populations across the Southeast and Mid-Atlantic regions.
Dana Boole, President & CEO of CAHEC, emphasized Stone's qualifications for the role. "He is responsible for furthering Syndications' vision and performance to enhance our strategic competitive advantage," Boole stated. "Ed's growth mindset, coaching abilities, investor intuition, and excellence around credit/portfolio performance are an outstanding addition to CAHEC's team." Stone's appointment comes at a critical time for affordable housing development, as many communities face increasing housing insecurity and rising costs.
Stone brings more than 25 years of specialized experience in LIHTC equity, credit, and asset management to his new position. He joins CAHEC from CREA, where he served as Chief Credit Officer from 2021 to 2025. During his tenure at CREA, Stone fostered a culture focused on streamlining and automating key components of the investment diligence and approval process while coaching staff to better align with stakeholder needs. Under his leadership, CREA closed more than $1.3 billion annually in LIHTC equity investments, demonstrating his capacity to manage substantial affordable housing portfolios.
Prior to his role at CREA, Stone spent over a decade at Fannie Mae (2009–2021) in two senior leadership positions. As Director, Equity and Structured Asset Management, he oversaw Fannie Mae's equity investment portfolios, including LIHTC, preferred equity, and community lending. He later served as Senior Director, Equity Investments, where he led efforts to re-enter the LIHTC market after a ten-year absence, authored syndicator investment guidelines, and managed the analyst team responsible for closing syndicator transactions. This experience positions Stone to navigate the complex regulatory and financial landscape of affordable housing development effectively.
The appointment has significant implications for affordable housing development in CAHEC's service areas. As a community development organization that strengthens communities by providing affordable housing and supportive service initiatives to residents in the Southeast and Mid-Atlantic regions, CAHEC's strategic leadership decisions directly impact housing accessibility. CAHEC engages in diverse product areas including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. Additionally, CAHEC offers loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. To learn more about their contributions to affordable housing and surrounding communities, visit https://www.cahec.org.
Stone's expertise in streamlining investment processes and managing large-scale LIHTC portfolios could enhance CAHEC's ability to secure funding for affordable housing projects at a time when such developments are increasingly critical. His background in both credit oversight and equity investments provides a comprehensive understanding of the financial mechanisms that support affordable housing. With affordable housing shortages affecting communities nationwide, experienced leadership in organizations like CAHEC plays a vital role in addressing housing insecurity through strategic financial management and community-focused development initiatives.
