CAHEC Strengthens Board with Housing Finance Expert Joaquin Altoro

CAHEC has welcomed Joaquin Altoro to its Board of Directors, adding a nationally recognized leader with over 30 years of experience across banking, state government, and federal housing leadership. Altoro's distinguished career has focused on promoting equitable housing opportunities through the development of inclusive communities, directly aligning with CAHEC's mission of strengthening communities through affordable housing and supportive service initiatives.

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 expertise extends across various sectors within the housing spectrum, including affordable housing finance and housing policy analysis. This background positions him to contribute significantly to CAHEC's diverse product areas, which include low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits.

Altoro's 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 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.

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 previous experience as CEO of WHEDA and Administrator of USDA Rural Housing Service, positions him to be a powerful voice within the CAHEC Board. This appointment comes at a critical time for affordable housing development, as communities across the Southeast and Mid-Atlantic regions face increasing housing challenges.

The addition of Altoro to CAHEC's leadership signals the organization's commitment to advancing innovative approaches to housing finance and capital deployment. His extensive background in both public and private sectors will enhance CAHEC's ability to address complex housing issues through its comprehensive approach that includes loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. More information about CAHEC's community development work is available at https://www.c-a-h-e-c.org.

This strategic board appointment reflects the growing importance of cross-sector expertise in addressing the nation's affordable housing crisis. Altoro's experience in navigating federal housing programs, combined with his private sector finance background, provides CAHEC with valuable insights for developing sustainable housing solutions. The organization's focus on multiple tax credit programs and comprehensive community support services positions it to leverage Altoro's expertise in creating meaningful impact across the regions it serves.