Board Members and Officers
Trudy P. McFall
Chairman of the Board and Co-Founder
Trudy has over 45 years of experience in the affordable housing field, serving in key management positions in state, federal and local government and the nonprofit sector. She is a co-founder of HFA and Chairman of the Board. Trudy served for 13 years as the Director of Maryland’s housing finance agency, the Community Development Administration; four years with HUD as the Director of the Office of Planning, Washington, DC; and ten years as Director of the Housing Division of the Metropolitan Council in St. Paul, Minnesota.
Trudy is currently the President of the Maryland Affordable Housing Coalition, the organization of the affordable rental housing developers and advocates in the State. She has served on the Board of Directors for a variety of national housing organizations, including the Housing Partnership Network, National Council of State Housing Agencies, National Housing Conference, National Leased Housing, National Housing and Rehabilitation Association. She also has served as Chairman of the Housing Authority of the City of Annapolis and President of the Anne Arundel Affordable Housing Coalition. She has been a frequent speaker on housing issues at national and local conferences and has written extensively on housing topics, including as a Contributing Editor for the Affordable Housing Magazine.
Trudy has a BA in Sociology from Indiana University and an MA in Sociology from Bryn Mawr College.
Board Vice President, President, National Housing Trust
Michael Bodaken has extensive experience in the affordable housing field, and currently is the President of the National Housing Trust. In his 18 years of leading that organization the Trust has become the primary national nonprofit intermediary dedicated to the preservation and improvement of affordable multifamily homes and is a leader in the field of affordable housing preservation. His efforts have resulted in the preservation of more than 20,000 affordable multifamily homes, requiring a combined acquisition and rehabilitation financing of over $1 billion. Michael also serves as the President of the NHT/Enterprise, an organization founded by the Trust which owns and operates 5, 000 affordable housing units in eight states and the District of Columbia. Prior to joining the Trust, Michael served as the Deputy Mayor of the City of Los Angeles with responsibility for, among other things, the housing and community development programs of the City. For ten years, Michael practiced as a public interest lawyer with the Legal Aid Foundation of Los Angeles and the San Fernando Valley Neighborhood Legal Services. Michael is recognized as a key national leader in the affordable housing field and he is a frequent moderator and panelist at regional and national housing conferences concerning the preservation of multifamily housing. He serves on the Board of numerous national housing organizations, including Homes for America, Housing Preservation Project, Urban Vision, Fairfax and Montgomery County Housing Tax Forces, and Stewards for Affordable Housing for the Future (SAHF). Michael has a J.D. degree from Peoples College of Law and a B.A. degree from the University of Iowa.
Board Secretary, Senior Vice President, William C. Smith + Co.
Bradley J. Fennell is a senior vice president of William C. Smith + Co, a 43 year old District based real estate firm providing property management, construction and development services. Brad has more than 24 years of experience at William C. Smith + Co and as president of WCS Development he is responsible for the company’s real estate development activities from inception through entitlement, design and construction. His knowledge of housing development has been shaped by the production of more than 4,000 apartments located throughout Washington, DC. Under his leadership, the company has executed neighborhood scale revitalization projects that incorporate a mix of building types, uses, tenure, and income as well as delivered more than 600,000 square feet of commercial office, retail, and amenity facilities. Developing predominately in emerging and pioneering neighborhoods, Brad has enhanced the firm’s reputation as a community builder and fostered partnerships with various District agencies and many organizations focused on the socioeconomic development issues common to these challenged areas. He has competed for and successfully utilized a myriad of federal and local financing programs such as Low Income Housing Tax Credits, New Market Tax Credits, HOPE VI, HOME, CDBG, stimulus funds from the American Recovery and Reinvestment Act and structured partnerships with multiple tax credit equity funds. Projects under his direction have won the Urban Land Institute’s Award of Excellence for the Townhomes at Oxon Creek in Southeast Washington and the National Housing & Rehabilitation Association’s Timmy Award for the historic restoration of Baltimore’s Tremont Grand. He currently serves on the board of directors as treasurer of the Capitol Riverfront Business Improvement District and he actively participates in the DC Building Industry Association. He is also a founding board member of Canal Park Development Association, a 501C3 formed for the purpose of designing and building a 3 acre, $25 million dollar sustainable urban public park. Brad graduated from The Catholic University of America.
Board Treasurer, Senior Vice President (ret.), Hughes Corporation
Dennis M. Conti is a retired telecommunications executive with extensive business management experience, including strategic and financial planning. Dennis' professional career included work with the Department of the Navy, the National Bureau of Standards and Hughes Network Systems. During his career at Hughes, Dennis managed several large software development projects in the area of satellite communications, before moving into marketing and sales. In 2003, Dennis retired from Hughes as the Senior Vice President of Domestic Sales and Marketing. Dennis currently works part time as a Management Consultant.
He has been involved in a number of civic activities in the Annapolis, MD area, including serving as the Interim Executive Director of the Housing Authority of the City of Annapolis (HACA), Chairman of HACA’s Utilities Committee, Vice-Chairman the HACA Public Safety Committee, and Co-Chairman of its Clay Street Revitalization Committee. Dennis’ other volunteer activities have included:
- founder and coordinator of the Clay Street Public Safety Team
- founder and manager of Radio Clay Street
- External Affairs Coordinator for the Clay Street Computer Learning Center
- Chairman of the Substance Abuse Committee of Churches Without Boundaries
- Board member of the Anne Arundel Affordable Housing Coalition
- Member of the Anne Arundel Partnership to End Chronic Homelessness
In recognition of his volunteer work, Dennis has received numerous awards, including the Martin Luther King Peacemaker Award, the Governor’s Crime Prevention Award, a Governor’s Citation, the Parole Rotary Club’s Above Self Award, and the Glittering Gem of Annapolis Award.
Dennis received a BS degree from the University of Dayton and M.S. and Ph.D. degrees from Purdue University.
Partner and Senior Counsel (ret.) Nixon Peabody, LLP
A widely known expert in affordable housing, Charles L. Edson is a retired partner and Senior Counsel in the Washington, D.C. law firm of Nixon Peabody. He practiced law for over 45 years in the affordable housing area, and wrote and lectured extensively in that area. Prior to the private practice of law, Chuck held several Counsel positions with HUD, Presidential commissions and Office of Economic Opportunity. He has served as Adjunct Professor of Housing Law at the Georgetown University Law Center, Washington, D.C. and as President Carter’s Transition Officer for Housing and Urban Development Chuck was Co-Editor-in-Chief of the Housing and Development Reporter for nearly 30 years. He is the author or co-author several housing books, including A Section 8 Desk Book, A Practical Guide to Low and Moderate Income Housing, and The Secondary Mortgage Market Guide and Guide to Federal Housing Programs. Chuck has served on numerous national Boards and Commissions, including Mercy Housing, Charter Mac, National Housing Conference, Community Development Trust, and the Maryland Historical Trust. Chuck has been widely honored in the field for his contributions. The awards presented annually by the Affordable Housing Tax Credit Coalition are named in honor of Chuck. He has received the Legislative Award of the National Housing Conference, the Affordable Housing Hall of Fame from the Affordable Housing Magazine, the Public Service Award of the Montgomery County Housing Coalition, and the Housing and Community Development Award of the American Bar Association. Mr. Edson is a B.A. graduate of Harvard College. He received his J.D. degree from Harvard Law School.
Mary Grace Folwell
Associate General Counsel, District of Columbia Housing Authority
Mary Grace Folwell is an attorney in the Office of the General Counsel of the District of Columbia Housing Authority (DCHA), where she advises on real estate development, contracts, regulatory, and corporate issues. Prior to working at the DCHA, she worked at Ballard Spahr, LLP, where she advised housing authorities, non-profits, for-profit developers, and lenders on real estate transactions, regulatory and statutory matters, compliance with HUD programs and federal procurement requirements, and various 501 (c)(3) matters. Ms. Folwell also supported clients to track legislation, appropriations, and policy changes affecting affordable housing. Her other work experiences include serving on the Senate Banking Committee with the housing policy staff, as a Project Manager for the Redevelopment Authority of the City of Philadelphia, and as a housing counselor for a Philadelphia nonprofit. As a volunteer she is the President of Anne Arundel Women Giving Together, a 200-member giving circle that uses collective philanthropy to raise money and make grants to organizations that seek to improve the quality of life for women and their families in Anne Arundel County. She also served as a board member of the DC Building Futures: Family AIDS Housing. She received her B.A. from Swarthmore College and her J.D. from the George Washington University Law School.
James I. Humphrey, Jr.
Chairman and Chief Executive Officer (Ret.), The Humphrey Companies
James I. Humphrey, Jr. founded and served as the Chairman and Chief Executive Officer of the Humphrey Companies which are based in Columbia, Maryland. This group of eight organizations develop, build, own and manage apartment communities, hotels and retirement communities in the six state Mid-Atlantic region and Florida. His firms have been involved with the production of over 7,500 affordable units over the past 20 years.
Mr. Humphrey was the founder and Chairman of The Humphrey Hospitality Trust, a real estate trust listed on the NASDAQ Exchange. The Trust was merged with Supertel Hospitality Trust, another public Company and now owns over 120 hotels in 23 states.
Mr. Humphrey has served on the governors Housing Task Force in Maryland. He served as vice-chairman of the Maryland Housing Policy Commission and served on the Credit Assurance Review Committee of the Maryland Housing Fund. He was the initial president of the Maryland Affordable Housing Coalition. He holds a Bachelors of Science Degree from the University of Maryland and a Masters of Business Administration from Loyola University. He is a Trustee Emeritus of The Key School in Annapolis, Maryland. He has served seven years on the Board of Directors of Hospice of the Chesapeake and is the current Vice Chairman. He has served five years on the Board of Wellness House of Annapolis and is the current Vice Chairman.
Founding Partner (ret.) HeimLantz, P.C
Thomas J. Lantz, Sr. is the Chairman of the Board of HeimLantz, P.A. and has over 40 years in the accounting field. In 1974, he founded Lantz & Associates, P.A. which was later merged with Heim & Associates, P.A. to form the present organization. Prior to founding his own firm he was employed at Ernst & Young, and he worked as the Financial Vice President of Moses-Ecco Co., Inc. a large construction firm. Tom specializes in business valuation and succession planning for closely held businesses, assisting his clients with critical transition decisions, combining his professional expertise and a practical and common sense approach to business. Tom holds CPA licenses in both Maryland and Virginia, as well as numerous other professional qualifications and certifications. Tom is a Past President of the Maryland Association of CPAs, a Past President of the Southern Maryland Chapter of CPAs, and a past President of the Estate Planning Council of Suburban Maryland. He served on the Professional Ethics Executive Committee and taught courses for the AICPA, and has authored several courses on Professional Ethics. Tom was awarded the Public Service Award by MACPA and was recognized by the AICPA for his public service. Tom has served for 20 years on the Melwood Training Center Board, including five as the Chairman of the Board. Melwood, located in Maryland, is a large nonprofit organization providing diverse training, employment, and residential services for persons with disabilities. The City of Alexandria named him the Outstanding Advocate for Persons with Disabilities. Tom graduated from the University of Maryland with a BS in Accounting.
Richard L. Mostyn
Co-Founder and COO The Bozzuto Group
Rick joined the HFA Board in October 2014 after serving on the Finance and Audit Committee for two years. He is an Owner, Vice Chairman and Chief Operating Officer for the Bozzuto Group one of the largest and most successful development companies in the Mid-Atlantic region. He was Senior Vice President and Chief Financial Officer for Oxford Development Corporation’s development, construction and property management operations nationwide and during his nine year tenure the majority of his time was spent in the Mid-Atlantic Region as Senior Vice President of Property Management and Regional Controller with full responsibility for property management, administrative and financial operations. Previous to his employment at Oxford he was a Senior Accountant with Coopers and Lybrand in Baltimore, Maryland. During his career at Bozzuto Group and Oxford he was responsible for coordinating the financing of over $1.1 billion in land development, construction and permanent financing for investment and for-sale properties. He has served on many committees and boards related to affordable housing including serving several terms on the Maryland Department of Housing and Community Development Housing Finance Review Committee and on the Board of a national nonprofit organization.
Rick earned a Master of Administrative Science, Financing, from John Hopkins University, Maryland and a Bachelor of Science, Accounting and Administration from the University of Maryland. He is a Certified Public Accountant and Certified Managerial Accountant.
Lisa J. Yaffe
President Commonwealth Development Strategies, LLC
Lisa J. Yaffe’s over 35 years of experience in the public sector has focused on improving the efficiency and effectiveness of state and federal housing, community and economic development programs. She also has worked extensively with resident services and brings a unique ability to facilitate collaboration among housing, community development and service delivery agencies. Lisa is currently President of Commonwealth Development Strategies, LLC; facilitating partnerships in support of redevelopment activities and continues her work expanding housing choices for people with disabilities. Lisa worked for 18 years for the Pennsylvania Housing Finance Agency (PHFA) in various capacities, including most recently as the Director of Business Development. In that position she engaged elected and appointed officials, state and local leaders, PHFA staff, and developers in developing strategies and implementing local development projects. Other PHFA positions included creating and leading the Housing Services Department which ensured that resident services were provided to agency funded projects, and that resident services were an essential component of multifamily underwriting and management. Lisa served as the Deputy Executive Director of the Governor’s Office for Housing and Community Development for several years. In this position she assisted the Governor to establish and carry out housing and community development policy for the Commonwealth of Pennsylvania. Lisa has served for many years on the Governor’s Advisory Committee for People with Disabilities, and is active as a board member of the Housing Alliance of Pennsylvania and serves as the Alliance’s liaison to the state’s Developers Council. Lisa graduated from Penn State University in 1976.
Emeritus Board Members
Nancy S. Rase
Co-Founder and Board Emeritus Director Principal, Nancy Rase Consulting Services, LLC
Nancy S. Rase is the Principal of Nancy Rase Consulting Services, LLC. The business was created in October 2015 to provide consulting services to housing organizations and public agencies involved in the affordable housing industry.
Nancy is a co-founder and the former President and CEO of Homes for America, Inc. She remains as an Emeritus Director of the organization. During her tenure from September 1994 through October 2015 HFA developed or preserved 75 rental communities with over 6,000 apartment homes in the mid-Atlantic states of Maryland, Pennsylvania, Virginia and Delaware.
Prior to HFA, Nancy was with the Maryland Community Development Administration for 16 years where she served as the agency’s Deputy Director, Director of Housing Development Programs, and Director of Rehabilitation Programs. She also worked for seven years in local government as the Assistant Manager at the Housing Authority of the City of Hagerstown.
Nancy has served on many Boards during her career and currently is on the Boards of: Housing Association of Nonprofit Developers (HAND) and is a past President, Anne Arundel Affordable Housing Coalition, Arundel Community Development Services, Inc. and Chesapeake Neighbors (an affiliate of the ARC of the Central Chesapeake). She serves on the Development Review Committee of Volunteers of America, the Investment and Asset Management Committee of the Housing Partnership Network and the Loan Committees of the Housing Partnership Loan Fund and Housing Partnership Ventures.
She has a B.S. in Finance from the University of Baltimore.
Josephine A. Kane
Bernard L. Tetreault
Past Board Members
Terrance R. Duvernay
Joseph A. L. Errigo
Eugene F. Ford
Debbi Hurd Baptist
Christine M. J. Oliver