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May Member Lunch – Chrystal Kornegay, MassHousing

Date:
May 11, 2018
Time:
11:45 am - 1:00 pm
Venue:
Brown Rudnick
Address:
One Financial Center
Boston, MA 02111 United States
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Please join us to hear from Chrystal Kornegay, Executive Director of MassHousing, for our May Member Lunch.

Chrystal Kornegay’s passion for creating projects and programs that result in stronger communities for modest-income working families is evidenced throughout her 20+ years’ experience in community development.  Before joining MassHousing in February 2018, Chrystal served as the Baker-Polito Administration’s Undersecretary for Housing and Community Development. Prior to that, Chrystal was Urban Edge’s President and Chief Executive Officer and an active member of MACDC.  Ms. Kornegay brings to state government a deep understanding of affordable housing finance and the nuances of resident-led community development.

MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth. Since its inception, MassHousing has provided more than $22 billion for affordable housing.

Since entering public service, Chrystal Kornegay has used her experience, expertise, and tenacity to advance several important priorities. Since FY 2015, the Baker Administration has increased state capital dollars for affordable housing by almost 18 percent and worked with the legislature to increase rental subsidies for low-income families by 42%.  Chrystal has worked collaboratively to launch a $100 million workforce housing initiative; collaborated with partners in state government and the non-profit sector to dramatically reduce the number of homeless families in motels; launched the Community Scale Housing Initiative; partnered with the Mel King Institute to provide leadership training to resident board commissioners serving on local housing authorities; and worked to streamline and grow the Community Investment Tax Credit program.

Click here to view a list of attendees.

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