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AUGUST 2017

Affordable Housing Finance

Michael Costa Inducted into AHF Hall of Fame

by Donna Kimura, Christine Serlin

Four longtime leaders will be inducted into Affordable Housing Finance’s Hall of Fame for their lasting contributions to the industry.


They have helped develop tens of thousands of affordable homes across the nation and advocated for better housing programs and policies.


The 2017 Hall of Fame inductees are:


Costa HeadshotMichael Costa: President and CEO of Highridge Costa Housing Partners and Highridge Costa Investors, Costa has been a leader in the affordable housing development community for nearly four decades. He began his real estate career with Calmark and later created and served as president of Kaufman and Broad Multi-Housing and Simpson Housing Solutions, the predecessors of the Highridge Costa companies, which were created in 2010 as a joint venture between Costa and Highridge Partners, a diversified privately held investment company. During his career, he has supervised the development and financing of nearly 40,000 units of multifamily affordable and market-rate housing.


Grayson HeadshotChickie Grayson: President and CEO of Enterprise Homes, Grayson has helped develop more than 6,600 for-sale and rental homes for people from all walks of life. Hired as the organization’s first employee in 1987, she’s built Enterprise Homes into a major provider of affordable housing throughout the Mid-Atlantic. She’s been a strong and steady presence for the organization and the industry for more than 30 years.

McDaniel HeadshotMark McDaniel: President and CEO of Cinnaire, McDaniel has helped steer more than $3.7 billion of equity and loans to affordable housing and community development projects during his 30-year career. Overall, he has been involved in the financing and development of approximately 60,000 homes for needy families and individuals. McDaniel has grown the fledgling Michigan Capital Fund for Housing, which later became Great Lakes Capital Fund and then Cinnaire, from a small, regional low-income housing tax credit syndicator into a major Community Development Financial Institution with close to 100 employees and offices in nine states.

Zigas HeadshotBarry Zigas: Director of housing policy for the Consumer Federation of America, Zigas has been active on the affordable housing policy and advocacy front for more than 40 years. As president of the National Low Income Housing Coalition from 1984 to 1993, he was instrumental in promoting the adoption of the LIHTC, the HOME program, and the Low-Income Housing Preservation and Resident Homeownership Act. Later as senior vice president for community lending at Fannie Mae, he led the government-sponsored enterprise’s efforts to invest more than $3 trillion in affordable housing in underserved communities.

download AHF - 2017 Hall of Fame Inductees.pdf