District Of Columbia 2023-2024 Regular Session

District Of Columbia Council Bill PR25-0717 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	ENROLLED ORIGINAL
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7		-	A RESOLUTION
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9		-	25-507
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11		-	IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
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13		-	June 11, 2024
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16		-	To confirm the reappointment of Ms. Carri Robinson (née Cowan) to the Housing Finance
17		-	Agency Board of Directors.
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19		-	RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
20		-	resolution may be cited as the "Board of Directors of the District of Columbia Housing Finance
21		-	Agency Carri Robinson Confirmation Resolution of 2024".
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23		-	Sec. 2. The Council of the District of Columbia confirms the reappointment of:
24		-
25		-	Ms. Carri Robinson
26		-	Linden Place, NE
	1	+	MURIEL BOWSER
	2	+	MAYOR
	3	+	April 3,
	4	+	2024
	5	+	The Honorable Phil Mendelson
	6	+	Chairman
	7	+	Council of
	8	+	the Dis Columbia
	9	+	John A. Wilson Building
	10	+	1350 Pennsylvania Avenue, NW, Suite 504
	11	+	Washington, DC 20004
	12	+	Dear Chairman M endelson:
	13	+	In accordance with section
	14	+	2 of the Confirmation Act of 1978, effective March 3, 1979 (D.C. Law 2-
	15	+	142; D.C. Official Code § 1-523.01), and pursuant to section 202 of the District of Columbia Housing
	16	+	Finance Agency Act, effective March 3, 1979 (D.C. Law
	17	+	2-135; D.C. Official Code § 42-2702.02), I
	18	+	a
	19	+	m pleased to nominate the following individual:
	20	+	Ms. Carri Cowan
	21	+	L
	22	+	inden P lace, NE
27	23		Washington, DC 20002
28	24		(Ward 6)
29		-
30		-	as a member, with experience in finance, of the Board of Directors of the District of Columbia
31		-	Housing Finance Agency, established by section 202 of the District of Columbia Housing
32		-	Finance Agency Act, effective March 3, 1979 (D.C. Law 2- 135; D.C. Official Code§ 42-
33		-	2702.02), for a term to end June 28, 2026.
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35		-	Sec. 3. The Council shall transmit a copy of this resolution, upon its adoption, to the
36		-	nominee and to the Office of the Mayor.
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38		-	Sec. 4. This resolution shall take effect immediately.
	25	+	for rea
	26	+	as a member w i th experience in f inance of the Board of Directors of the District of
	27	+	Columbia Housing Finance Agency, for a term to end June 28, 2026.
	28	+	Enclosed, you will find biographical information detailing the experience of the above-m entioned
	29	+	nominee, together with a proposed resolution to assist the Council during the confirmation process.
	30	+	I would appreciate the Council’s earliest consideration of this nomination for confirmation. Please
	31	+	do not hesitate to contact me, or Steven Walker, Director, Mayor’s Office of Talent and
	32	+	Appointments, should the Council require additional information.
	33	+	Sincerely,
	34	+	Muriel B owser
	35	+	Mayor 1
	36	+	2
	37	+	3 at the request
	38	+	of the Mayor
	39	+	4
	40	+	5
	41	+	6 A PROPOSED RESOLUTION
	42	+	7
	43	+	8
	44	+	9
	45	+	10 IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
	46	+	11
	47	+	12
	48	+	13
	49	+	14
	50	+	15 To confirm the reappointment of Ms. Carri Cowan to the Housing Finance Agency Board of
	51	+	16 Directors.
	52	+	17
	53	+	18 RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, that this
	54	+	19 resolution may be cited as the "Board of Directors of the District of Columbia Housing Finance
	55	+	20 Agency Carri Cowan Confirmation Resolution
	56	+	of 2024".
	57	+	21 Sec. 2. The Council of the District of Columbia confirms the reappointment of:
	58	+	22
	59	+	23 Ms. Carri Cowan
	60	+	24 Linden Place,
	61	+	NE
	62	+	25 Washington, DC 20002
	63	+	26 (Ward
	64	+	6)
	65	+	27
	66	+	28 as a member with experience in finance of the Board of Directors of the District of Columbia
	67	+	29 Housing Finance Agency, established
	68	+	by section 202 of the District of Columbia Housing
	69	+	30 Finance Agency Act, effective March 3, 1979 (D.C. Law 2-135; D.C. Official Code§ 42-
	70	+	31 2702.02), for a term to end June 28, 2026.
	71	+	32 Sec. 3. The Council of the District of Columbia shall transmit a copy of this resolution,
	72	+	33 upon its adoption, to the nominee and to the Office of the Mayor.
	73	+	34 Sec. 4. This resolution shall take effect immediately. CARRI COWAN
	74	+	EXPERIENCE
	75	+	2016 – Pre sent BRIGHT HORIZON VENTURES, LLC
	76	+	Mitchellville, MD
	77	+	Founder & Managing Member
	78	+	•Develop and execute over $360M in real estate asset transactions, specializing in hospitality,
	79	+	multi-family, and single -family residential projects
	80	+	•Raise private funding for institutional grade investments including real estate assets and
	81	+	privately held businesses
	82	+	•Provide project management, financial modeling & analysis, and development management
	83	+	services for small to mid-size developers
	84	+	Selected Transactions
	85	+	The JC Layne at Euclid and The JC Layne Georgia (Stabilized Fall 2022)
	86	+	Development Consultant Responsible for development oversight and construction management of the renovation
	87	+	of a $13M portfolio of 52 affordable units in the Columbia Heights and Brightwood
	88	+	neighborhoods of the District of Columbia . Navigated Rental Housing Act of 1985
	89	+	statute to successfully complete the Tenants Opportunity to Purchase Act process,
	90	+	Voluntary Agreement Petition process and Services and Facilities Petition process.
	91	+	Finance syndication included District of Colu mbia Department of Housing and
	92	+	Community Development Housing Preservation Fund (thru Capital Impact Partners), and
	93	+	traditional financing from Congressional Bank and City First Bank (construction loans)
	94	+	and Amalgamated Bank and City First Bank (permanent loans).
	95	+	Urban Village ( Delivery Fall 2025)
	96	+	Development Consultant Responsible for the $153M redevelopment of 72 units of affordable housing into 294
	97	+	units of affordable housing in the Columbia Heights neighborhood of Washington, DC .
	98	+	Navigated Rental Housing Act of 1985 and partnered with tenants to exercise its Tenants
	99	+	Opportunity to Purchase Act where tenants are now co-owners of this property. Finance
	100	+	syndication includes traditional acquisition financing, LIHTC equity, gap financing and
	101	+	construction to p ermanent financing.
	102	+	The Pavilion at Lottsford (D elivery Spring 2026)
	103	+	Sponsor
	104	+	Development of a $300M new construction mixed -use project consisting of 800
	105	+	residential units and 70,000 square feet of retail. Residential program consists of 30%
	106	+	affordability at 80% AMI. Positioned to be the catalyst that creates Downtown Largo in
	107	+	alignment with the Prince George’s County Blue Line Corridor E conomic Development
	108	+	Initiative. Financing syndication to include public economic development incentives (TIF
	109	+	and PILOT), traditional construction and permanent financing, sponsor equity and
	110	+	institutional equity.
	111	+	Homewood Suite by Hilton Largo (Stabilized Spring 2019)
	112	+	Equity Investor Led an equity raise for $20M new construction 117 key extended stay hotel. Analyzed
	113	+	Sponsor experience, investment feasibility, and financial projections to syndicate a group of sophisticated investors. Property consistently outperforms local and national
	114	+	competitive sets in key metrics including occupancy and average daily rate (ADR).
	115	+	Financing syndication included Prince George’s County Economic Development
	116	+	Initiative Loan and traditional financing.
	117	+	2009 – 2013 J.P. MORGAN New York, NY
	118	+	Private Bank Investment Team - Associate
	119	+	•Managed analyses for a $300M client portfolio book including investment modeling, performance reporting, asset allocation, depletion/spending rate, and risk-return optimization
	120	+	•Provided investment recommendations in several diverse asset classes including publicly traded
	121	+	securities such as stocks and bonds as well as private investments such as private equity and
	122	+	private debt funds
	123	+	EDUCATION
	124	+	2013 – 2015 KELLOGG SCHOOL OF MANAGEMENT Evanston, IL
	125	+	NORTHWESTERN UNIVERSITY
	126	+	Master of Business Administration, Focus: Real Estate, Innovation & Entrepreneurship
	127	+	•President - Black Management Association
	128	+	•Hospitality Club, Entrepreneurship Club
	129	+	•Dean’s Service Award
	130	+	2005 – 2009 HOWARD UNIVERS ITY SCHOOL OF BUSINESS Washington, DC
	131	+	Bachelor of Business Administration: Finance
	132	+	•Magna Cum Laude
	133	+	•Founders Scholarship Recipient
	134	+	•Beta Gamma Sigma International Business Fraternity
	135	+	•Delta Sigma Theta Sorority, Incorporated – Alpha Chapter
	136	+	ORGANIZATIONS
	137	+	•Prince George’s County Community Foundation – Emerging Leaders Impact Fund
	138	+	•Delta Sigma Theta Sorority, Incorporated
	139	+	•Girl Scouts of the USA – Gold Award Recipient
	140	+	•African American Real Estate Professionals of DC Executive Office of the Mayor – Mayor’s Office of Talent and Appointments
	141	+	John A. Wilson Building \| 1350 Pennsylvania Avenue, Suite 600 \| Washington, DC 20004
	142	+	Carri Cowan
	143	+	Carri Cowan is the founder and managing partner of Bright Horizons
	144	+	Ventures, LLC.
	145	+	Under Ms. Cowan’s leadership, Bright Horizons Ventures, LLC has
	146	+	developed and executed over $360 million in real estate asset transactions
	147	+	concentrated in hospitality and single- and multi-family residential
	148	+	projects. Ms. Cowan has also worked as a development consultant on the
	149	+	JC Layne at Euclid, the JC Layne Georgia, and Urban Village which led
	150	+	to the renovation of over 300 affordable units in the Columbia Heights and
	151	+	Brightwood neighborhoods combined. Prior to her current role, Ms.
	152	+	Cowan was an associate with JP Morgan, where she provided investment recommendations in
	153	+	several diverse asset classes.
	154	+	A Ward 6 resident, Ms. Cowan received a Bachelor of Business Administration in Finance from
	155	+	Howard University and a Master of Business Administration with a focus on Real Estate,
	156	+	Innovation, and Entrepreneurship from Northwestern University. GOVERNMENT OF THE DISTRICT OF COLUMBIA
	157	+	Executive Office of Mayor Muriel Bowser
	158	+	Office of the General Counsel to the Mayor
	159	+	______________________________________________________________________________
	160	+	The John A. Wilson Building • 1350 Pennsylvania Avenue, NW • Suite 300 • Washington, D.C. 20004 • Office (202) 724-7681
	161	+	To: Tomas Talamante, Steve Walker
	162	+	From: Betsy Cavendish
	163	+	Date: March 18, 2024
	164	+	Subject: Legal sufficiency review of Resolutions nominating Heather Wellington (née
	165	+	Howard) and Carri Cowan as members of the District of Columbia Housing
	166	+	Finance Agency Board of Directors
	167	+	This is to Certify that this office has reviewed the above- referenced resolutions and
	168	+	found th em to be legally unobjectionable. If you have any questions in this regard, please do not
	169	+	hesitate to call Erika Satterlee, Deputy General Counsel, Executive Office of the Mayor, at 202-
	170	+	724-1303, or me at 202-724-7681.
	171	+	______________________________
	172	+	Elizabeth A. (Betsy) Cavendish