Vice President of Development and Finance
Since joining the firm in 2001, Laurie Doyle has amassed increasing development skill and responsibility and now serves as Vice President of Development and Finance for Real Estate Development Services (REDS) and Central California Housing Corporation (CCHC). Working for the company for over sixteen years, Laurie has excelled in gaining diverse development and financing experience in senior affordable, senior market rate, family affordable, market rate and HUD mixed finance multi-family housing developments. Laurie has had the benefit of not only working for a private development firm for the last decade, but has also gained immense experience in non-profit/public agency transactions, as she has consulted directly with various Housing Authorities throughout the state, including the Fresno Housing Authority, Housing Authority of the County of San Joaquin and Paso Robles Housing Authority to bring quality affordable housing to California.
Keeping with the company’s standards, Laurie has developed and maintains close relationships with architects, engineers, and construction management teams to design efficient rental communities while keeping high standards of quality, livability and appearance consistent on all projects. During her time with the company, Laurie has been responsible for the planning, development and finance of over 2,800 rental units in value of over $515 million in multi-family development. Under her direction, the REDS team has successfully and continues to assist clients in crafting comprehensive finance and development plans, coordinating various financing applications, coordinating local jurisdiction and community meetings, arranging debt and equity financing and other leveraging of funds available to each project, working with design and engineering teams to complete each development’s design and ensure cost effectiveness, sustainable building methods and making sure all approvals are obtained prior to permits, construction monitoring, managing the marketing and lease-up with various management companies, and facilitating construction and permanent loan closings for both new construction and rehabilitation projects.
In 2009, Laurie began working with the Fresno Housing Authority to successfully restructure the agency’s affordable housing financing approach to new and rehab developments. Utilizing complex mixed finance schemes, Laurie brought in 9% tax credits, HOME funds, RDA funds and multiple RAD (Rental Assistance Demonstration) conversion awards totaling nearly $200 million in development costs. This successful transition of aging public housing assets through the leverage of creative mixed finance provides the housing authority owner with the long-term economic and social benefits of energy efficient rehabilitated affordable housing assets, and relieves the financial challenge of ever-growing capital needs for these 50+ year old projects. Just recently, in partnership with the respective agencies, Laurie successfully redeveloped and restructured aged and deteriorating public housing units for both the Paso Robles Housing Authority and the Housing Authority of the County of San Joaquin, both of which received 9% competitive tax credits in 2017 and are now under construction.
Laurie is at the forefront of REDS’ One-Stop Shop organizational structure, in which most development tasks can be handled internally due to our vast experience and knowledge in the affordable housing industry. This breadth of knowledge and unified approach to project management provides meticulous attention to detail and real-time troubleshooting, ensuring flawless project execution.
You can contact Laurie by email at: email@example.com