2022-2023 Board of Directors Candidates

S. Quinn Gormley, Housing Trust Group

Statement of Interest:
I started working on LIHTC deals in Texas in 1995. I was there when TAAHP was formed and have known many of the original board members. It is amazing to see how TAAHP has grown into one of the premier state affordable housing agencies. That said, the programs have grown and, in some cases, added various levels of complexity. As a military veteran and former state employee who worked around these programs my whole professional career, if there is an opportunity to volunteer for a service, this would be it. I would be honored to serve and bring a unique and diverse prospective to the membership and board.

Quinn Gormley is the Executive Vice President of National Development for the Housing Trust Group. He has over 25 years of commercial real estate construction and development experience, principally centered on affordable housing, tax oriented investments and economic development. He has extensive experience in commercial development risk analysis, due diligence and structured financing. He is a strategic thinker who has structured financing for conventional and tax exempt revenue bond transactions and has vast knowledge of regulatory requirements. In addition to various forms of debt facilities, Quinn has provided transaction advisory on housing credit investments, historic tax credit investments, public housing (Rental Assistance, HOPE VI, RAD), HOME/CDBG/CDBG-DR, and new market tax credit investments. Through his diverse and unique experience within the industry, he has successfully provided multi-level oversight on the development and initial operation on over 6,000 units of multi-family and single family affordable housing.

Dr. Adrienne Holloway, Harris County Community Services Department

Statement of Interest:
Having been involved in housing and community development for the lion’s share of my career, across four major metropolitan regions, coupled with my responsibility of leading housing and community investment activity for the third largest county in the country, avails me a perspective in the field that can provide insight on strategic direction for consideration by the TAAHP association and its members. Similarly, it would be fruitful to dialogue with other housing professionals across the state to learn of nuanced approaches to housing development that will make for a comprehensive advocacy platform to which I can support. Finally, as a board member, I will contribute my awareness of pertinent, nationwide innovative housing and community development solutions to be considered as a part of our local policy agenda.

Dr. Holloway, an accomplished professional with over 15 years of experience in the housing and community development industries and 10 years of experience in academia teaching undergraduate and graduate students, received her Ph.D. in Political Science from Northern Illinois University. She is currently the Executive Director of the Harris County Community Services Department where she drives community development, disaster relief and housing investments through a myriad programs and an annual $1B budget comprised of local, state and federal funding sources. She was formerly the Chief Innovation Officer at the City of Aurora where she led the development and execution of new initiatives for the city. Areas of focus include improving citizen engagement, building efficiency and effectiveness within government, and stimulating the success capacity of the city’s nonprofit, social entrepreneur, and resident populations. She also supervised the City of Aurora’s Community Services and Information Technology divisions. Dr. Holloway’s most recent academic experience was as an assistant professor at the DePaul University Graduate School of Public Service where she taught government, community development and research method courses.

Darrell Jack, Apartment Market Data (incumbent)

Statement of Interest:
As President of Apartment MarketData, I have now been associated with the affordable housing industry for more than 20 years. During this time, I have had the opportunity to work with TDHCA staff, developers, and other industry professionals to promote the objectives common to the industry. I previously severed two terms on the TAAHP Board, and know the knowledge and experience I bring are valuable in creating a program that meets the goals and objectives of TDHCA, while maintaining a workable environment for the developer community. I would welcome the opportunity to serve on the TAAHP Board once again.

Darrell is the President and owner of Apartment MarketData. Apartment MarketData is dedicated to providing the development and financial communities with up to data assessments of the Texas multi-family markets. AMD comprehensively tracks rental and occupancy rates on over 1,700,000 apartment units across the state of Texas. From Dalhart to Brownsville, El Paso to Texarkana, including most secondary and tertiary markets like Beeville, Commerce, Mercedes, and many more.


Jay Johnson, Cohn Esrey

Statement of Interest:
My personal and professional passion is Affordable Housing. I am committed to being an advocate for protecting the tools and resources that allow the Development community to continue to provide safe, quality, and affordable housing opportunities in TX. I have been involved with TAAHP since 2009. In addition to being an active member, I currently serve on the State Tax Credit Subcommittee, Education Committee, the Government Affairs Committee, and I chair the PFC Subcommittee. It would be an honor to serve on the TAAHP Board of Directors.

Jay has worked in multifamily affordable housing since October 2009. He began his career with The NRP Group and currently serves as Development Director for Cohen Esrey. His experience includes family, senior, and student housing, primarily financed through public-private partnerships. Jay holds a Bachelor of Arts degree from Texas Wesleyan University and an Associate of Arts and Sciences degree in Real Estate from Tarrant County College. He previously served on the Board of Directors of Cassata High School, Tarrant County Black Historical and Genealogy Society and Lakeshore Council of Neighborhoods and served as President of the Texas Wesleyan Black Student Association.

Nathan Kelley, Blazer (incumbent)

Statement of Interest:
It would be my privilege to continue to serve TAAHP as a member of its Board of Directors. As the CFO of Blazer, I am actively involved in the development, construction, and management of affordable housing in Texas. I have direct experience in nearly all phases of a community’s lifecycle. It’s these experiences that allow me to understand the Texas-specific issues impacting affordable housing and the lives of our residents.

Over the years, TAAHP has been a tremendous resource for me and I feel privileged to be a part of its board. I have worked to promote its goals and strategic objectives at the state and local levels, including working directly with our elected officials and public-sector partners to educate them on what it takes to develop, own and operate affordable housing in Texas. Moreover,

I have given back to TAAHP by:

  • developing its strategic plan as a member of its current Board;
  • providing testimony before House & Senate committee hearings;
  • participating on the QAP, GALA and Finance Committees; and
  • actively supporting the Texas Housing Conference and other TAAHP-sponsored events.

As a member of TAAHP’s Board I will continue to:

  • Bring a developer’s perspective to the crafting, implementation and refinement of TAAHP’s strategic policy objectives;
  • Advocate for affordable housing and promote how TAAHP is working to close the affordability gap; and
  • Educate our elected officials and public-sector partners on the issues impacting affordable housing.

As CFO of Blazer, Nathan is responsible for capital markets, portfolio asset management, investor reporting, risk management and governmental affairs as well as co-leading the development efforts of the company. Since joining Blazer in 2012, Nathan has led the development of affordable multi-family housing, independent senior living, and conventional apartments. Nathan’s responsibilities include site identification, design coordination, structuring of debt and equity capital for new developments and the recapitalization of existing developments. He has also facilitated the disposition of numerous developments and has experience in 9% and 4% Housing Tax Credits, HOME, CDBG and other affordable housing financing tools. Nathan has also been instrumental in improving the operating performance of Blazer’s portfolio. Prior to joining Blazer, Nathan was Vice President for Regions Financial. During his seven-year tenure, he was actively involved in underwriting, structuring and origination of over $1 billion of commercial real estate credit. Nathan received his MBA degree in Finance from Southern Methodist University and his BBA degree in Management of Information Systems from Texas A&M University. Nathan currently serves as 2nd Vice President on the Board of the Texas Affiliation of Affordable Housing Providers, is a Trustee of the Houston Region Business Coalition, is a committee Vice Chairman for the Houston Livestock Show & Rodeo, an active member of the Urban Land Institute and Chapelwood United Methodist Church. He resides in Houston with his wife Jamie and their two daughters.

Ryan Lunderby, Dominium

Statement of Interest:
As a company, Dominium is pleased to own & manage 7,400 apartment homes at more than 40 different properties in the state of Texas. After working in more than 20 states, I hope to bring best practices from across the country to thought leadership of TAAHP as we continue to advocate for housing our neighbors and communities.

I have worked in affordable housing for 18 years and am respected as an individual who creates long-term value for residents, communities, and partners. I am running to represent the perspective of bond developers in a critically oversubscribed bond environment on TAAHP’s Board of Directors.

As Senior Vice President and Project Partner, Ryan Lunderby is responsible for new project development, acquisition, and financing. Since joining Dominium in 2004, Lunderby has been involved in closing transaction on over 50 properties totaling more than 7,500 apartment units.

Most recently, Lunderby has played an integral role in Dominium’s growth into new markets through new construction of affordable communities, acquisitions of Year 15 tax credit properties, and acquisitions of general partner interests from various financial institutions.

Lunderby holds a Bachelor of Science in Real Estate Finance from St. Cloud State University. He is a member of the St. Cloud State Real Estate Alumni Association and is a founding contributor to the Dominium Foundation, which contributes to important housing and social service organizations in the communities where Dominium operates.

Stephanie Naquin, Novogradac & Company, LLP (incumbent)

Statement of Interest:
Serving on the TAAHP board these last three years has really been such a rewarding experience. I would be honored to serve another term. With my background in compliance, my world is rooted in what happens after the award, which lends itself to a different perspective. Due to my visibility on the national compliance stage, I have a nuanced understanding of the ever-changing complex compliance realities; which, coupled with my experience in both the private and regulatory sectors of the industry, affords me ability to synthesize complicated federal and state regulations into a concise, easily digestible manner. As the co-chair of the post award and compliance committee, which was officially ratified in 2021, I have enjoyed the opportunity of applying these facets of my experience in different ways than I do in my day-to-day. As a committee, we have been focused on building the committee membership and cultivating the relationship with TDHCA staff. Over the last year, I have also served on the education committee and the conference committee with the mission of bringing a more compliance centric focus to TAAHPs membership. I would love to continue contributing to these efforts! Much appreciation in advance for your consideration of my continued work as a TAAHP Board Member.

Stephanie Naquin is the director of multifamily property compliance in Novogradac’s Austin, Texas, office. Her work includes consulting with state agencies, equity providers, lenders, attorneys, developers and onsite staff on topics related to multifamily compliance of IRC §42, IRC §142, the HOME program, National Housing Trust Fund, HUD Multifamily programs, and other locally administrated affordable housing programs, with a focus on holistic compliance. Stephanie is regarded as an expert on these topics and frequently presents on them to statewide and national audiences. Before joining Novogradac in 2017, Stephanie was the director of multifamily compliance with the Texas Department of Housing and Community Affairs (TDHCA), where her team oversaw all aspects of compliance monitoring, physical inspection and compliance administration. She began her career as a leasing agent in August of 2002 with an owner-managed affordable housing organization where she had the opportunity to hold various positions in the private sector before joining TDHCA in 2007 as a compliance monitor. Ms. Naquin is also a renowned public speaker and a nationally recognized expert in utility allowance regulations. Her certifications include the National Center for Housing Management Certified Occupancy Specialist (COS), the National Association of Home Builders Housing Credit Certified Professional (HCCP), and the Novogradac Property Compliance Certification (NPCC).

Darren Smith, Auxano Development / MVAH Partners

Statement of Interest:
I have a continued interest in assisting TAAHP in its continued efforts to positively affect the development of affordable housing. As an Ex Officio Board Member and Co-Chair of the Education Committee I have worked to add value in providing educational opportunities for the membership base and community abroad. The education committee’s efforts have produced some of the highest registrations for our webinar series as well as positive economic growth that ultimately allows TAAHP to function and achieve its goals. It would be a great honor to serve on the TAAHP board as a full member.

Throughout Mr. Smith’s career, he has been successful representing some of the largest corporations in the world such as Bank of America and Paramount Financial Group a subsidiary of GMACCH. Mr. Smith created multiple joint venture relationships with development groups in
local markets around the country. These joint ventures helped further the growth of relationships as well as advanced the efforts of providing quality sustainable workforce housing. Having developed just under $1 Billion dollars in various real estate including multi‐family housing, office, and medical office projects. His ability to work with non‐profit, government agencies, and for‐profit partners has been instrumental in his success. His experience has involved projects that included but not limited to traditional bank financing, HUD, Freddie, Fannie, and loan assumptions. Mr. Smith has been involved in all facets of the development process including site selection, strategic planning, feasibility analysis, site contract & acquisition, entitlements & zoning changes, negotiations with all third‐party professionals. Focused on bringing projects in on‐time and on‐budget begins with identification of general contractors, bidding, and managing construction through completion all while strategically developing and implementing a lease‐up and stabilization plan. Focused on fairness, Win‐Win situations creates the best environment when issues inevitably occur. Team is always the best approach.