CAHEC has appointed Ed Stone as Senior Vice President of Syndications, effective January 12, 2026. Stone will provide leadership for the Syndications team, with the organization expecting his appointment to strengthen CAHEC's position in the industry.
Dana Boole, President & CEO of CAHEC, stated that Stone is responsible for furthering Syndications' vision and performance to enhance the organization's strategic competitive advantage. Boole highlighted Stone's growth mindset, coaching abilities, investor intuition, and excellence around credit and portfolio performance as valuable additions to CAHEC's team.
Stone brings more than 25 years of experience in Low-Income Housing Tax Credit (LIHTC) equity, credit, and asset management to his new role. 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 the capacities and needs of stakeholders. Under his leadership, CREA closed more than $1.3 billion annually in LIHTC equity.
Prior to his role at CREA, Stone spent over a decade at Fannie Mae from 2009 to 2021, holding two senior leadership positions. As Director of 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 of 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.
The appointment comes as CAHEC looks forward to continued momentum and success in 2026. CAHEC is a community development organization that strengthens communities by providing affordable housing and supportive service initiatives to residents in the Southeast and Mid-Atlantic regions. The organization 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. More information about their contributions to affordable housing and surrounding communities is available at https://www.cahec.org.
Stone's extensive background in LIHTC markets positions him to potentially enhance CAHEC's syndication capabilities at a time when affordable housing remains a critical national priority. His experience with both equity investment management and credit oversight provides a comprehensive skill set for navigating the complex regulatory and financial landscape of affordable housing development. The move signals CAHEC's commitment to strengthening its syndication operations, which play a vital role in financing affordable housing projects through tax credit investments.
For the affordable housing industry, leadership appointments with Stone's depth of experience can influence how effectively organizations leverage tax credit programs to address housing shortages. His track record of closing substantial LIHTC equity transactions suggests potential for increased investment activity under CAHEC's syndication platform. This appointment may also impact how affordable housing projects are structured and financed in the Southeast and Mid-Atlantic regions where CAHEC operates, potentially leading to more efficient deployment of capital to communities in need.
