CAHEC Strengthens Board with Housing Finance Expert Joaquin Altoro

CAHEC has appointed Joaquin Altoro to its Board of Directors, bringing over 30 years of experience across banking, state government, and federal leadership to the community development organization. Altoro is nationally recognized for advancing innovative approaches to housing finance and capital deployment, with a career focused on promoting equitable housing opportunities through inclusive community development.

Altoro's distinguished background includes serving as Administrator of USDA's Rural Housing Service, a White House Presidential Appointee responsible for managing a $185 billion portfolio of loans, guarantees, and grants supporting single-family and multifamily housing, as well as essential community facilities. During his tenure, he strengthened programs serving rural and Tribal communities and contributed to federal housing priorities through the White House Domestic Policy Council's Interagency Group on Housing Policy.

Currently, as Managing Director at Falcon Capital Advisors, Altoro helps design and structure complex housing finance transactions while advising partners on strategies to align capital with long-term community development goals. His expertise extends across various sectors within the housing spectrum, including affordable housing finance and housing policy analysis.

Dana Boole, President and CEO of CAHEC, described Altoro as a dynamic thought leader with unmatched expertise around housing finance, economic development, and strategic growth. His community investment acumen, leveraged by his tenure as CEO of WHEDA and Administrator of USDA Rural Housing Service, positions him to be a powerful voice within the CAHEC Board.

This appointment is significant because it strengthens CAHEC's capacity to address the affordable housing crisis at a time when many communities are struggling with housing affordability. Altoro's federal experience and private sector knowledge will enhance CAHEC's ability to navigate complex housing finance landscapes and deploy capital effectively.

The implications extend beyond organizational leadership, potentially influencing affordable housing development across CAHEC's service areas in the Southeast and Mid-Atlantic regions. With his background in both rural and urban housing finance, Altoro can help bridge gaps in housing access and bring innovative financing solutions to communities most in need.

CAHEC engages in diverse product areas including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. The organization also offers loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. More information about their contributions to affordable housing and surrounding communities is available at https://www.c-a-h-e-c.org.

This board appointment comes at a critical time when affordable housing remains a pressing national issue, and Altoro's expertise in aligning capital with community development goals could help accelerate the creation of more equitable housing opportunities for diverse populations across the regions CAHEC serves.