Mr. Lee joined the District of Columbia Housing Finance Agency in April, 2016. He serves as the Executive Director/CEO. Mr. Lee is responsible for the overall supervision, coordination and management of the Agency. He is an experienced leader in the field of multifamily and commercial real estate finance with a diverse background in multiple areas of investment and lending across multiple property types throughout the United States.
Prior to joining the Agency, Mr. Lee served as Vice President at Fannie Mae in the Multifamily Division where he was responsible for leading the Structured Transactions and Seniors Housing businesses with combined annual production of over $3 billion. He also carried his own portfolio of large institutional multifamily borrowers which includes public and private real estate investment trust as well as institutional investment funds.
Prior to this role, Mr. Lee served as Vice President for Multifamily Equity in the Community Investments unit of the Multifamily Division at Fannie Mae. In this position, he managed a team responsible for deploying capital into multifamily equity investments through partnerships with institutional fund advisors and through direct asset acquisitions, in joint ventures with developers and operating partners. At its peak, the investment portfolio was comprised of 44,000 apartment units with a gross asset value of $4.5 billion. He also served on the Multifamily Risk Management Committee.
Mr. Lee joined Fannie Mae in April 2001 as the Northeast Regional Director for the American Communities Fund (ACF), where he oversaw a team responsible for the origination, structuring and underwriting of senior debt, mezzanine debt, direct equity, and lines of credit for affordable and market rate residential development covering a territory spanning from Maine to Washington,
Before joining Fannie Mae in 2001, Mr. Lee was Vice President/Structuring Specialist for Bank of America’s Real Estate Structured Debt Group; Vice President for Chevy Chase Bank’s Real Estate Banking Group (now Capital One Bank); and Assistant Vice President for NationsBank’s Community Development Lending Group (now Bank of America). He began his career in 1991 at Riggs National Bank in Washington, D.C. (now PNC) as a Commercial Banking Associate where he completed the Bank’s formal credit training program. During his career Mr. Lee has delivered billions in debt and equity capital for the acquisition, development and re- development of multifamily and commercial real estate.
Mr. Lee is a member of the Urban Land Institute and District of Columbia Building Industry Association. The Washington Business Journal named Mr. Lee one the 2018 Minority Business Leader Award honorees. He currently serves on the Board of Trustees of the National Housing Conference (NHC), the Board of Directors of the National Association of Local Housing Finance Agencies (NALHFA) and is a member of the National Council of State Housing Agencies’ (NCSHA) 2017 Elections Committee. In 2015-2016, Mr. Lee was a member of the District of Columbia Housing Preservation Strike Force and served as the Chair of the Finance sub-committee. Mr. Lee is a past board member of the East of the River Community Development Corporation. He earned a Bachelor of Business Administration in Finance from The College of William and Mary.