SAN FRANCISCO, CA, April 4, 2017–BRIDGE Housing has appointed Monica Edwards as President of BRIDGE Impact Capital, its CDFI (Community Development Financial Institution) affiliate, effective April 3, 2017. Ms. Edwards will lead the charge in raising capital for real estate developments that improve affordable housing, educational, health and economic opportunities for low-income communities. She is based in San Francisco and reports to EVP and Chief Investment Officer Diane Olmstead. BRIDGE is a nationally recognized nonprofit developer, owner and manager of affordable housing.
Previously, Ms. Edwards was President of The Monarch Group, a consultancy providing structured finance and portfolio management to institutional clients, with a specialty practice in New Markets Tax Credits and economic development. While there, she secured more than $225 million in local, state and federal subsidies for businesses and real estate development projects with over $1 billion in total development costs. She has served as Chief Investment Officer for ICA Fund Good Jobs, which invests in high-growth small businesses to create accessible good jobs. Earlier, she was Vice President, Citibank Community Development Investments, where she managed a $300+ million community development and private equity loan portfolio.
Ms. Edwards holds an AB in Economics from Princeton University and an MBA (Finance) from Clark Atlanta University, and she is a graduate of the University of Southern California’s Ross Minority Program in Real Estate.
“We are delighted that Monica has joined our team,” said Cynthia A. Parker, BRIDGE President and CEO. “Her depth of skill and experience will catalyze our CDFI and position us to produce more affordable housing and community-serving facilities that are deeply needed.”
About BRIDGE Housing
BRIDGE Housing Corporation, a leading nonprofit developer of affordable housing, creates and manages a range of high-quality, affordable homes for working families and seniors. Since it was founded in 1983, BRIDGE has participated in the development of over 16,000 homes in California and the Pacific Northwest. For more information, visitwww.bridgehousing.com.