PORTLAND, Ore. Homestead Capital is pleased to announce the appointment of Reena Bramblett, CPA, currently Chief Credit and Risk Management Officer, to the position of Chief Financial Officer effective March 2nd. Ms. Bramblett’s promotion was prompted by the retirement of Rick Thornton, who has served as a senior management officer for the past nine years. Mr. Thornton joined Homestead in 2000 and was an integral part of the expansion of the company from an Oregon organization to the region-focused entity it is today. Rick plans to spend some time traveling and visiting family, as well as volunteering within his community.
Ms. Bramblett is a licensed CPA and has been a senior management member of Homestead’s team for four years. She has served in multiple capacities since her hire in 2006 including Manager of Underwriting & Development and Chief Credit Officer. Prior to joining Homestead, she was a Senior Audit Manager employed with Deloitte & Touche LLP assigned to the Homestead account for more than eight years. Ms. Bramblett has over 15 years of experience working in public accounting with an emphasis in real estate, specifically the Low-Income Housing Tax Credit (LIHTC) industry. As CFO, Ms. Bramblett will continue to have responsibility for some equity investment activities until a replacement can be identified.
“Homestead is fortunate to have a knowledgeable, skilled and experienced finance professional technically versed and well regarded in the LIHTC industry, especially during these troubled economic times,” said Tobias Washington, president of Homestead Capital. “Having Reena on board and ready to take on this role ensures all of our partners will continue to receive the best equity investment and management services Homestead can offer.”
Established in 1993, Homestead Capital has raised over $475 million to build more than 5,000 units of affordable housing for low-income people in the West. Homestead Capital works with communities to identify affordable housing needs and brings together developers and investors (banks, insurance companies and other corporations) to create housing through the federal LIHTC program established by Congress.
For more information about Homestead Capital and the communities it serves, call 503-276-1555 or visit on the web at www.homesteadcap.com.
