Two executives have been appointed to the Massachusetts Housing Investment Corp. (MHIC) to help push forward MHIC’s mission to revitalize neighborhoods by investing in whole communities
Elizabeth Ronayne joined MHIC on March 6 and will serve as chief capital development officer. K. Beth O’Donnell joined on April 10 and is the director of community investment.
“We welcome Elizabeth and Beth to MHIC and know they will be great additions to our team,” said Moddie Turay, MHIC’s president and CEO. “They share our organizational vision for widespread, equitable access to affordable housing and safe, well-resourced communities across New England. We look forward to leveraging their expertise as MHIC seeks to grow and have deeper impact, especially in ensuring racial equity and inclusion in all our projects.”
Ronayne has more than 30 years of banking and financing experience including 20 in affordable housing, and in her new role will identify and secure institutional capital for the company’s multi-investor and proprietary fund offerings and manage all aspects of investor relations.
O’Donnell, who has more than 20 years of experience executing complex real estate strategies in the public, private and nonprofit sectors will manage MHIC’s Development Department, overseeing the company’s equity investment and lending businesses.