NALHFA, Freddie Mac, Honor Ernestine Garey with Awards
Wednesday, August 3, 2016
Invest Atlanta Chief Operating Officer Ernestine Garey has received awards from the National Association of Local Housing Finance Agencies (NALHFA) and the Federal Home Loan Mortgage Corporation, or Freddie Mac, to honor her long record of service in support of the development and expansion of affordable housing opportunities.
Garey recently ended an 18-year tenure as a member of the Board of Directors – and two years apiece as President and President Emeritus – of NALHFA, the nation’s leading affordable housing advocate whose members work to finance affordable housing on the local level. She was succeeded on the Board by Dawn Luke, Senior Vice President of Community Development at Invest Atlanta.
NALHFA gives its members – primarily housing finance agencies in large cities – the opportunity to learn about and share best practices and innovative approaches at NALHFA conferences and then bring them back to their home communities. “I can’t tell you how many new programs we have implemented here at Invest Atlanta because we learned about them through our association with NALHFA,” says Garey.
Freddie Mac, which helps ensure a reliable and affordable supply of mortgage funds for homebuyers and multi-family rental housing investors, recognized the work Garey has done in partnership with that agency in areas such as bond underwriting and down payment assistance. Freddie Mac’s citation for Garey noted its “appreciation of your many years of distinguished service to the affordable lending community and Freddie Mac.”
As COO at Invest Atlanta since 2011, Garey manages the operations of the Finance and Legal departments, as well as general office operations. Finance tasks include raising and ensuring the receipt of revenues from funding sources and balancing the budget, while Legal encompasses all legal matters as well as the Compliance functions to ensure that all projects are built, and affordability is maintained.