Chairman Linda W. Cropp
at the request of the Mayor
A PROPOSED RESOLUTION IN THE
COUNCIL OF THE DISTRICT OF COLUMBIA
To confirm the appointment 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 2000".
Sec. 2. The Council of the District of Columbia confirms the
appointment of:
Ms. Marcie Cohen
1737 Church Street, N.W.
Washington, D.C. 20036
(Ward 2)
as a public commissioner 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 2-years from the date a majority of the first members are
sworn-in.
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.
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 state 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.
Managed Western Regional Office with responsibility for identifying investment
opportunities and establishing working partnerships with state and local development
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 financing. Prepare financial packages for potential lenders
taking into account investment return criteria. Closed on the acquisition mid financing of
two retail centers totaling nearly one million square feet and representing over $!0
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
U.S. Department of Housing and Urban Development
Office of Urban Rehabilitation
Program Officer
Developed residential lending programs for ten 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 1983-1994.
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 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 Planning and Development Representative
Reviewed applications fur 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
US. 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 performing 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 HUD Intergovernmental Management Program, 1979 Selection to U-S.
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 make financial decisions
that take into account long-term consequences of their funding decisions within
communities.