CARH’S BROADCAST E-MAIL – Regulatory Alert

On November 8, USDA announced the appointment of Joaquin Altoro as the Administrator of the Rural Housing Service (RHS).

According to USDA, for nearly three decades, Mr. Altoro has been dedicated to understanding the heart and passion of minority communities and applying his experience and wisdom to provide financing opportunities that spark economic development. Recently, he served as CEO and Executive Director for the Wisconsin Housing and Economic Development Authority (WHEDA).

As CEO, Mr. Altoro strategically positioned WHEDA to adopt a holistic approach to leverage affordable housing to grow economic prosperity for historically marginalized communities. Under his guidance, WHEDA was able to enhance its 2021-2022 housing tax credit Qualified Action Plan, encouraging diversity among participating developers and providing greater consideration of the unique needs of rural communities. Prior to WHEDA, he served as Town Bank’s Vice President of Commercial Banking. Mr. Altoro is a graduate of Cardinal Stritch University where he received a Bachelor of Science in Business Management and is a graduate of the African American Leadership Program.

In response to the appointment, CARH President Chris Potterpin said, “CARH would like to congratulate Mr. Altoro on his recent appointment to this key position. We are excited for him to bring the experience and passion for housing that he displayed at WHEDA to Rural Development and look forward to working with him during this key time for preservation of rural housing properties.”