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Financing Mixed-Use Development and Place-Making Infrastructure
February 28, 2013
Thursday, March 21, 2013 — 3:00 p.m.–4:15 p.m.
Financing Mixed-Use Development and Place-Making Infrastructure
Financing is an essential component of developing mixed-use, location-efficient communities. This session will focus on successful strategies for accessing the financing needed to make these developments work. Learn how developers have overcome the challenges and found opportunities to finance developments that mix affordable housing options with retail and commercial uses. Panelists will also explore how communities have financed place-making infrastructure around transit stations to attract private sector development.
Additional Session Resources:
Speaker Biographies and Presentations
Rachel MacCleery, ULI Infrastructure Initiative (moderator)
Rachel MacCleery is vice president for infrastructure at the Urban Land Institute. She is responsible for guiding the organization’s approach to national and global transportation, water, and energy policy issues. At ULI, MacCleery directs the production of an annual state-of-infrastructure report, manages a program to examine federal transportation policy and make recommendations for reform, and engages with ULI’s local chapters in an effort to better link transportation and land use at the regional level.
MacCleery has extensive international experience, having consulted on infrastructure and planning projects in China when she was working for global infrastructure provider AECOM from 2004 to 2008. She began her career as a transportation planner for the city of Washington, D.C., where she worked from 2001 to 2004.
MacCleery speaks Mandarin Chinese and holds master’s degrees in public affairs and urban and regional planning from the Woodrow Wilson School at Princeton University.
Victoria Davis, Urban Atlantic
Before joining Urban Atlantic, Victoria Davis served as deputy director of the Maryland Housing Fund. Prior to that, she was responsible for troubled-loan resolutions and disposition of a large portfolio of land, multifamily, and single-family properties for MNC Financial−South Charles Realty. She also worked with Trammell Crow Residential, overseeing acquisition, development, and asset management of multifamily market-rate and mixed-income developments.
Davis is the chair of the Green Building Committee of the Maryland-National Capital Building Association and a former instructor with the Johns Hopkins University Master of Real Estate Science Program.
She holds an MBA in finance from American University, an MS in engineering and construction management from the University of Texas, and a BS in civil engineering from the University of Maryland.
Dan Eernissee, City of Shoreline, Washington
Dan Eernissee joined the city of Shoreline, Washington, after ten years serving in the private sector as development lead on more than $300 million of residential, retail, and lifestyle-center development.
Shoreline developed rapidly 50 years ago as an auto-oriented unincorporated bedroom community of Seattle. When the city incorporated in 1995, it embraced its principal arterial, Aurora Avenue, as its “Main Street” and launched an ambitious $120 million reconstruction of the highway. Eernissee focuses on attracting investment to the three-mile Aurora Avenue corridor that will transform it from an aging strip retail corridor into an eclectic 21st-century neighborhood and employment center.
Eernissee holds degrees in both business and theology, provides real estate consulting services, and teaches real estate investing and business ethics at two Seattle-area universities. He is married and has two teenaged children.
Kimberly McKay, BRIDGE Housing
Kimberly McKay joined BRIDGE Housing as executive vice president in 2010. BRIDGE is a leading nonprofit developer, owner, and manager of affordable housing. At BRIDGE, McKay oversees the company’s real estate development activities in southern California, including a range of mixed-use, mixed-finance projects such as COMM22 and Celadon at 9th & Broadway in San Diego.
Previously, McKay was senior vice president for the Related Companies of California, where she managed all aspects of developing multifamily affordable housing projects on the West Coast with a focus on large public housing revitalization projects. Prior to that, she was vice president for Related Capital Company, where her accomplishments included investing approximately $75 million of tax credit equity, closing 25 projects in ten states, and developing a market presence for the company in a new region. McKay previously served as a senior project manager for the Mid-Peninsula Housing Coalition and worked as an architect and planning and development manager for the Naval Facilities Engineering Command.
McKay is a licensed architect and holds a BA in architecture from the University of California at Berkeley and an MS in real estate development from the Massachusetts Institute of Technology.