The nonprofit community investment organization CAHEC has appointed Joaquin Altoro to its Board of Directors, bringing over 30 years of housing finance expertise to the organization's affordable housing mission. Altoro's distinguished career spans banking, state government, and federal leadership roles where he has been nationally recognized for advancing innovative approaches to housing finance and capital deployment.
Altoro's appointment is significant because his career has consistently focused on promoting equitable housing opportunities through the development of inclusive communities to enhance quality of life for diverse populations. This expertise directly aligns with CAHEC's mission of strengthening communities through affordable housing and supportive service initiatives in the Southeast and Mid-Atlantic regions. His background extends across various sectors within the housing spectrum, including affordable housing finance and housing policy analysis.
Currently serving 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 federal government experience 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 federal tenure, Altoro 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. This experience positions him to provide valuable insights into federal housing programs and policies that could benefit CAHEC's community development work.
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, allows him to be a powerful voice within an already impactful CAHEC Board.
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. To learn more about their contributions to affordable housing and surrounding communities, visit CAHEC's website.
This board appointment matters because it strengthens CAHEC's capacity to address the affordable housing crisis through enhanced financial expertise and federal policy knowledge. Altoro's experience with complex housing finance transactions and federal housing programs could help CAHEC develop more innovative financing strategies and better navigate federal housing initiatives, potentially leading to increased affordable housing development and preservation in the regions CAHEC serves.
