Chairman Linda
W. Cropp, At the Request of the Mayor
A PROPOSED RESOLUTION IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
To confirm the reappointment of Ms. Marcie Cohen to the District of
Columbia Housing Authority Board of Commissioners.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as the "District of Columbia Housing
Authority Board of Commissioners Marcie Cohen Confirmation Resolution of
2002".
Sec. 2. The Council of the District of Columbia confirms the
reappointment of
Ms. Marcie Cohen
1737 Church Street, N.W.
Washington, D.C. 20036
(Ward 2)
as a public member of the District of Columbia Housing Authority Board of
Commissioners, established by section 12 of the District of Columbia
Housing Authority Act of 1999, effective May 9, 2000 (D.C. Act 13-254; 47
DCR 1325), for a term to end July 12, 2005.
Sec. 3. The Council of the District of Columbia shall transmit a copy
of this resolution, upon its adoption, each to the nominee and to the
Office of the Mayor.
Sec. 4. This resolution shall take effect immediately.
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MARCIE COHEN
1737 Church Street
Washington D.C. 20036
Telephone (202)-462-2799
Fax (202) 331-8190
Office (202) 331-8055
PROFESSIONAL EXPERIENCE
February 1990 - Present
AFL-CIO Housing Investment Trust
Washington, D.C.
Director of Development.
Responsible for structuring multi-faceted urban economic development
and housing projects that have extensive financial support from local and
acute funding sources. Oversee the origination and review of housing
development projects that are financed under a number of partnerships with
Fannie Mae, Freddie Mac, state and local housing finance agencies and for
profit and non-profit developers.
1988 December 1989
The Cafritz/Schonberger Group
Washington, D.C.
Assistant Vice President
Responsible for performing all due diligence activities for acquisition
of existing shopping centers. Major activities include market research,
financial analysis (covering effective rental and sales revenues,
operating expenses, net operating income, discounted net cash flow and
evaluation of IRR returns). Negotiate and close on construction and
permanent finances. Prepare financial packages for potential lenders
taking into account investment return criteria. Closed on the acquisition
and financing of two retail centers totaling nearly one million square
feet and representing over $40 million of acquisition financing.
1988
GA Partners
Washington, D.C.
Associate
Provided market research and financial analysis to developers,
investors and government units. Managed a team of market research
associates, covering area economic activity, site evaluation,
supply/demand relationships, competitive position and projections of
demand, market share and site development potentials. Performed financial
analysis based on investment objectives, development role(s), projections
of operating income and cash flow, tax consequences and financing
considerations.
1982-1987
U.S. Department of Housing and Urban Development
Office of Urban Development Action Grants
Development Officer
Funded over $350 million of industrial and commercial development
projects ranging from $100,000 to $125 million. Reviewed real estate
project data including budgets, leases, and mortgages. Analyzed economic
feasibility of projects, credit of borrower; discounted cash flow and IRR
calculations. Negotiated with major developers, banks, insurance
companies, corporate executives, mayors, city managers, and federal
legislators. Recommended projects and loan terms to committee, and
developed solutions for problem loans.
1981-1982
US. Department of Housing and Urban Development
Office of Urban Rehabilitation
Program Officer
Developed residential lending programs for tea local housing finance
agencies including the formation of partnerships with lenders. Recommended
appropriate housing finance programs including tax exempt mortgage revenue
bonds and the secondary mortgage market. Assisted in preparing national
program legislation passed in 1983-1984.
1979-1981
U.S. Department of Housing and Urban Development
Intergovernmental Management Program
One of 25 persons competitively selected nationally for a special
work/study program which trained local, state and federal housing and
community development administrators. Developed a nationwide program on
cooperative/condominium m conversion using HUD mortgage insurance.
1977-1979
U.S. Department of Housing and Urban Development
New York Regional Office
Director, Management Information Division
Managed all computer operations and a staff of ten people, counting ADP
technical staff, in providing information services to 700 people in three
HUD offices. Created data quality measures which raised the New York
region from last place to second place in the nation. Developed and taught
ADP training modules for managers and staff.
1970-1977
U.S. Department of Housing and Urban Development
Newark Area Office
Community Planting and Development Representative
Reviewed applications for Community Development Block Grant funds and
urban renewal projects. Provided technical assistance to local governments
in development and execution of programs. Identified and resolved
implementation and administrative problems at federal, state and local
levels.
1969-1970
U.S. Department of Housing and Urban Development
New York Regional Office
Urban Intern
Engaged in formal study in urban development, urban economics, and housing
policy. Trained in all areas of the department by on-the job assignments.
EDUCATION
University of Southern California
MA Degree, Public Administration
January 1981
State University of New York at Buffalo
BA Degree, Political Science
June 1969
AWARDS
New Jersey Scholarship for Academic Excellence HUD Outstanding
Achievement Awards Selection to HEM Intergovernmental Management Program,
1979 Selection to US. Delegation to Habitat II, Istanbul, Turkey, 1997
Loeb Fellowship at Harvard's Graduate School of Design One of ten Loeb
Fellows selected for the academic year of 1998-99. The fellowship offers
mid-career professionals the opportunity to pursue independent study. My
chosen issue was to consider growth management and how to minimize urban
sprawl. In addition, I am investigating how capital sources, particularly
pension funds can maim financial decisions that take into account
long-term consequences of their funding decisions within communities. |