Thursday, October 7, 2010

Breaking News-WHEDA Director to Leave for HUD

HUD just announced that Antonio Riley, current Director of WHEDA, has been appointed by President Obama to be the new Region V Administrator of HUD.  Region V covers Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin.  The Region V office is based in Chicago.

The announcement included a short description of Director Riley's career:
Antonio Riley is currently the Executive Director of the Wisconsin Housing and Economic Development Authority (WHEDA). As the first African American to head the agency, Riley oversaw what is considered the second largest bank in the state, with a $3 billion mortgage portfolio. Under Antonio’s leadership, WHEDA helped develop hundreds of units of affordable housing and implemented new strategies that increased jobs, made homeownership affordable, and helped to renew and invigorate depressed neighborhoods. Riley was also very successful in creating greater opportunities for minority-owned businesses. Recently, Riley’s peers elected him to a two-year term on the Board of Directors of the National Council of State Housing Authorities. Before joining WHEDA, Antonio served 10 years in the Wisconsin Legislature representing Milwaukee’s 18th Assembly District. Earlier he worked for Milwaukee’s Department of City Development.

In 2009 Riley earned the prestigious Legacy Award for being a person who passionately promotes, supports and invests in efforts that increase entrepreneurial opportunities; and, consistently reflects passion through his actions in bold and innovative ways creating wealth-building opportunities for everyone.

Congratulations to Director Riley!

Update:  The Business Journal also reported on this.

4 comments:

Anonymous said...

Who considers them the second largest bank in Wisconsin besides AR?

Max Max said...

Good question-HUD didn't cite it in the announcement.

What is the AR that you mention?

Anonymous said...

Antonio himself.

URL for the announcement?

Max Max said...

Ah, I see what you mean now-you're asking who else considers WHEDA to be 2nd largest lender besides Antonio Riley.

The announcement was in an e-mail, and I could not find anything on it online yesterday. However, the Business Journal has a similar announcement now at http://www.bizjournals.com/milwaukee/stories/2010/10/04/daily65.html?ana=e_du_pub#ixzz11nm9Q3Eq.