Office of Disability
Biography of Stephen S. Allen
4507 Dresden Street
Kensington, Maryland 20895
W: (202) 752-4810
H: (301) 564-0879
E-mail Address: Stephen_s_allen@fanniemae.com
SUMMARY
Extensive experience in developing affordable housing and community development
programs with federal, state and local government, public agencies, nonprofit
and for-profit entities. Effective in improving access to available resources
increasing organizational efficiency, managing a large and diverse staff,
and congressional oversight. Built public-private partnerships to achieve
goals, which have created well over 100,000 units of affordable housing.
PROFESSIONAL EXPERIENCE
1998-Present
Fannie Mae
Washington, D.C.
Senior Business Manager
Fannie Mae’s mission is to provide financial products and services
that increase the availability and affordability of low- and moderate-income
Americans. Fannie Mae is the nation’ largest purchasers of home
mortgage loans. Nationwide responsibility for the development, marketing
and testing of special mortgage products that meet the needs of people
with disabilities. Achieved $44.6 million on financing which serves 1,605
household with disabilities.
- Manage the HomeChoice initiative in 17 states to create homeownership
opportunities for people with disabilities.
- Developed technical assistance program to further strengthen
the HomeCoice Coalitions that are assisting people with disabilities to
become homeowners.
- Provides ongoing training to lenders that are offering special
needs mortgage products.
- Develops and refines existing special needs mortgage products.
Revised the underwriting and servicing requirements for the Community
Living product and developed the new retrofit mortgage that provides for
access modification.
- Developed “HomeCoice Notes” newsletter to communicate
information on successful transaction, product highlights and Coalition
activities. The newsletter is distributed to over 1,600 organization that
serve people with disabilities.
1990-1998
FEDERAL DEPOSIT INSURANC CORPORATION (FDIC)/ RESOLUTION TRUST COPORATION
(RTC)
Washington, D.C.
Director, Affordable Housing Program
TRC was created by Congress in 1989 to resolve the Savings and Loan crisis.
Developed policies for national affordable housing program as required
by law. Achieved $1.6 billion in sales, resulting in 113,000 units of
affordable housing for low- and moderate-income households. Recruited
and managed nationwide staff, multi million dollar budget, management
information systems, contracting process with private sector, and produced
a national newspaper on the program, The Silver Living. Maintained high
visibility with Congress and media.
- Designed seller-financing programs that provided $346 million
in financing for sale of single family and multifamily properties.
- Implemented program to purchase $58 million in mortgage revenue
bonds from the state housing financing agencies for homebuyers of RTC
single family properties.
- Organized Technical Assistance Program whereby nonprofits and
public agencies advised purchasers of sales opportunities.
- Created monitoring and Compliance Program with state housing
finance agencies to ensure owner compliance with program regulations for
40,585 set aside units.
- Planned and FDIC Affordable Housing Program for bank assets that
does not require a congressional appropriation.
- Worked closely with FDIC National Housing Advisory Board on policy
development and program oversight.
NEIGHBORHOOD REINESTMENT CORPORATION
Washington, D.C.
Associate Director, Neighborhood Preservation Projects
Directed research and development function, with primary responsibility
for developing and documenting model public-private programs that met
neighborhood needs; these successful model programs were replicated in
Neighborhood Housing Services’ neighborhoods across the country.
- Managed $6 million in research grants that were leveraged with
other funds from national organizations, foundations and private lenders.
- Hired and supervised staff, developed marketing strategies, and
disseminated findings to community-based organization.
- Developed a range of training manuals and other publications,
including At Risk of Loss: The Endangered Future of Low-Income Rental
Housing.
1972-1976
WORCHESTER COOPERATION COUNCIL, INC.
Worchester, MA
Housing Development Director
Developed affordable housing programs for non profit community development
corporation, which administered Model Cities Program and later became
major recipient of community development funds for housing and neighborhood
revitalization activities. Worked closely with Board of Directors, of
which the majority were residents of targeted neighborhoods, as well as
the City Manager and City Council.
- Implemented program whereby community-based non-profits were
recruited to sponsor low and moderate-income rental housing under the
Section 236 Rental Housing Program.
- Developed single family owner-occupied rehabilitation program
with local lenders.
- Arranged construction loans and permanent financing with local
lenders.
1970-1972
SAVANNAH MODEL CITIES PROGRAM
Savannah, GA
Senior Planner
Responsible for administrative and technical work in the planning implementation,
and monitoring of physical and economic development programs for the Savannah
Model Cities neighborhood. Directed the activities of a planning staff.
Worked closely with City Manager and City Council on neighborhood needs
and funding priorities.
- Led planning process for physical and economic development component
of the Savannah Model Cities plan that was annually submitted to HUD
- Organized Savannah Housing Development Corporation (SHADCO),
the Savannah Area Minority Contractor Association (SAMCA), and the Savannah
Economic Development Corporation (SEDCO), to meet the needs of low-income
and minority neighborhood residents, and to encourage neighborhood-based
decision making.
1967-1970
BOSTON REDEVELOPMENT AUTHORITY
Boston, MA
Family Relocation Specialist
Responsible for relocation services under the city of Boston’s Urban
Renewal Program. Assigned a caseload of low-income families and individuals
forced to relocate due to eminent domain. Identified housing options and
coordinated social services.
- Assigned to the Fenway Urban Renewal Project and the Model Cities
Residential Rehabilitation Program.
- Worked with Boston Housing Authority and private landlords to
locate replacement units; worked with Welfare Department and Visiting
Burse Association to secure social services.
EDUCATION
Parsons College, Fairfield, IA, BA in sociology
Harvard University, Cambridge, MA, extension course in Graduate School
of Design, Department
of City Planning
Massachusetts Institute of Technology, graduate course work in School
of Architechture and
Planning, Department of Urban Studies and Planning
U.S. Department of Housing and Urban Development, Washington, D.C., graduate
of Urban Technical
Service Pool Training Program
Last Revised: June 17, 2004
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