Board of Directors & Advisors

NTCIC’s Board oversees and advises NTCIC on governing issues which influence the success of our tax credit investments and relationships with our stakeholders.

Board of Directors

  • Terrian C. Barnes - Board Secretary
    Louisville, KY
    Terrian C. Barnes - Board Secretary
    Louisville, KY

    Terrian C. Barnes was elected to the Board of the National Trust Community Investment Corporation in 2002. She is co-founder of Fe-smart LLC. Previously, she was the Chief Diversity Officer at Yum! Brands (parent of KFC, Pizza Hut, and Taco Bell), a role she created and held for 14 years. In this capacity, Ms. Barnes was the business partner responsible for leading an enterprise-wide strategy to drive organizational goals through multicultural marketing, optimizing diverse talent, and minority and women’s business development. Prior to joining Yum!, as the International Franchise Association’s Public Affairs Group vice president, Ms. Barnes crafted forward-looking, innovative economic development strategies for under-served markets. Black Enterprise Magazine named her as one of 2011’s Top Executives in Diversity. Ms. Barnes is a graduate of Windham College.

  • Beth Bergman
    Los Angeles, CA
    Beth Bergman
    Los Angeles, CA

    Beth is a partner at Bergman and Allderdice. She represents numerous local and national tax-exempt organizations, affordable housing developers, charter schools, community development financial institutions, institutional lenders and government agencies. Her practice areas include corporate, real estate, real estate financing, affordable housing, economic and community development, tax-exempt governance and tax-exempt financing.

  • Elaine DiPietro
    Columbia, MD
    Elaine DiPietro
    Columbia, MD

    Elaine founded Blooming Ventures LLC in June 2016 to utilize her experience in the New Markets Tax Credit (“NMTC”) industry to provide consulting services to project sponsors and community development entities. Prior to forming Blooming Ventures, Elaine was vice president for Enterprise Community Investment, Inc., where she was responsible for the management of all facets of Enterprise’s NMTC program, including investor and government relations, deal selection, underwriting, and portfolio management. Elaine also managed the provision of compliance and accounting services to other NMTC community development entities.

    Enterprise is one of the largest recipients of NMTC allocation. Under Elaine’s direction, Enterprise managed a portfolio of over $800 million of investments.

    Elaine is a frequent speaker at NMTC industry conferences and has published articles in industry journals. Elaine has served on several advisory and governing boards for NMTC community development entities.

    Elaine is a CPA and graduated with honors from King’s College in Wilkes- Barre, PA. Prior to joining Enterprise Elaine was an auditor with Deloitte and focused on mergers and acquisitions.

  • Tony Gelderman
    New Orleans, LA
    Tony Gelderman
    New Orleans, LA

    Tony and his wife, Katherine, co-own KCT Real Estate Ventures (KCT), a closely held real estate firm engaged in the acquisition, renovation, and management of company-owned historic properties, primarily in New Orleans. KCT frequently utilizes federal and state historic tax credits as well as development easements to successfully finance challenging historic restoration projects.

    Tony is also counsel to the nationally recognized New York-based securities litigation firm Bernstein Litowitz, Berger & Grossmann LLP.

    Tony’s early professional life has included serving as Chief of Staff and General Counsel in the Louisiana Department of Treasury. In that role, Tony was instrumental in launching the highly successful Louisiana Asset Management Pool, a multi-billion-dollar investment pool serving local government offices across Louisiana. Tony led LAMP as its Secretary/Treasurer many years after its founding.

    Tony is a former President of the New Orleans Garden District Association, was the founding President of the Garden District Security District, and has served on numerous community boards through the years, including the Preservation Resource Center, the St. Charles Avenue Association, the Louise S. McGehee School, the Louisiana Endowment for the Humanities, and the Louisiana Architecture Foundation.  He is the immediate past vice president of the board of the New Orleans Museum of Art. He is a former Co-chair and long-time member of the National Trust Council. Tony is currently a member of the WYES board of directors, New Orleans’ public television station.

  • Kevin Krulewitch
    Indianapolis, IN
    Kevin Krulewitch
    Indianapolis, IN

    Kevin Krulewitch was elected to the NTCIC Board in 2008. Mr. Krulewitch has directed the redevelopment and new construction of over twenty five million dollars of real estate since 1987. A graduate, with honors, from Boston University, he is a non-practicing CPA with over 25 years of public and private accounting experience. In 1988, Mr. Krulewitch co-founded DTA, LLC – The Downtown Alternative, a real estate development and construction management company. Mr. Krulewitch is also Managing Broker of the Real Estate Alternative, LLC , which focuses on residential brokerage and sales and he is a member of the National Association of Realtors. Mr. Krulewitch and his development partners have received numerous awards acknowledging their redevelopment efforts, including Historic Landmarks Foundation of Indiana’s Sensitive In-fill Housing Award and Sensitive Historic Rehabilitation Award. He is currently working on the redevelopment of a 250-unit affordable housing community on the west side of Indianapolis.

  • Vincent L. Michael, Ph.D
    San Antonio, TX
    Vincent L. Michael, Ph.D
    San Antonio, TX

    Vince, a heritage manager, advocate, consultant, and thought leader, is executive director of the San Antonio Conservation Society in San Antonio, Texas.  Previously he was Executive Director of the Global Heritage Fund (GHF) in Palo Alto, California from 2012 to 2015, helping preserve World Heritage Sites through community development.  As an NTHP trustee (2006-2015), he served as Chair of the Historic Sites Fund Subcommittee and Vice Chair of the Diversity Task Force. He is also on the Board of the National Preservation Partners Network, where he was Co-Chair of the Diversity, Inclusion and Racial Justice Working Group from 2020-22.

  • Thompson M. Mayes
    Washington, DC
    Thompson M. Mayes
    Washington, DC

    Tom Mayes is Chief Legal Officer and General Counsel for the National Trust for Historic Preservation. He has written and spoken widely on preservation law, the underlying purposes of historic preservation, and the future of preservation. For many years, he taught historic preservation law at the University of Maryland. Mr. Mayes is the National Trust’s representative on the boards of the Montpelier Foundation and Main Street America and serves as a member of the historic preservation commission in Shepherdstown, WV. A recipient of the National Endowment for the Arts Rome Prize in Historic Preservation in 2013, Mr. Mayes is the author of Why Old Places Matter (Rowman and Littlefield, 2018).  Mr. Mayes received his B.A. with honors in History in 1981 and his J.D. in 1985 from the University of North Carolina at Chapel Hill, and an M.A. in writing from Johns Hopkins University.

  • Sandra M. Moore
    St. Louis, MO
    Sandra M. Moore
    St. Louis, MO

    With over three decades of experience in urban planning, economic development and community revitalization efforts, Sandra M. Moore joins the Advantage Capital team as chief impact officer to guide the design of our investments and investment strategies to maximize community impact, to assist our investment team in growing and sharing our community impact results and to also study our results to ensure we are producing as we hope and project. Prior to joining us in this capacity, for nearly 15 years, she was as an invaluable member of our New Markets Tax Credit Advisory Board, serving as a key advisor in our efforts to bring businesses, technologies and jobs to communities that have historically lacked access to investment capital.

    Most recently, Ms. Moore was the president of Urban Strategies in St. Louis, leading a team of professionals working in cities across the U.S. to help transform distressed urban core communities into vibrant, safe residential neighborhoods with new housing and good schools. She has also served as the CEO of the Missouri Family Investment Trust, a public-private partnership entity leading Missouri’s multi-system reform efforts. In that capacity, she was responsible for helping communities across the state develop, implement and evaluate strategies to improve economic development outcomes for vulnerable families.

    Earlier in her career, Ms. Moore served in Governor Mel Carnahan’s cabinet as director of the Missouri Department of Labor and Industrial Relations, overseeing and coordinating all efforts of the department. Under her leadership, the department ensured businesses were competing on a level playing field not only through enforcement of Missouri’s labor laws, but also by educating businesses and workers through community outreach. She has served as a judge for the Equal Employment Opportunity Commission, adjudicating over 500 administrative complaints of employment discrimination.

    She is a graduate of Washington University in St. Louis, receiving her bachelor’s degree in urban studies in 1976 and her J.D. from the School of Law in 1979.

  • Melissa McDonald
    Phoenix, AZ
    Melissa McDonald
    Phoenix, AZ

    Melissa McDonald, Chief People & Operations Officer at Raza Development Fund, is responsible for the operations of all lending components and systems, capitalization strategies, investment management, and new product development.  Ms. McDonald assumed her current role in October 2018, having previously served as RDF’s Deputy Chief Investment Officer, where she led the Specialty Finance Team – an inter-disciplinary group of impact investment professionals that provide custom-tailored financing solutions for complex structured transactions involving public/private partnerships, traditional debt, grant capital, and/or tax credit financing, nationwide and was responsible for RDF’s New Markets Tax Credits (NMTC) platform to include the deployment of over $200 million in NMTC authority.

    Prior to joining the fund in 2012, Ms. McDonald worked at Gannett Company, where she held senior management positions in Human Resources, providing local and regional support for union and non-union employees.  She is experienced in policy and procedure development, employee relations, compliance management, compensation, and organizational development.

    Ms. McDonald earned a bachelor’s degree in Multi-Disciplinary Studies from the University of Texas at El Paso and received a Juris Doctor from Michigan State University School of Law.  She is also a graduate of Southern Methodist University’s Cox Executive Development Program and Stanford’s University Graduate School of Business, the Emerging COO:  Driving Innovation and Operational Excellence.

  • Lauri M. Michel - Board Chair
    Hillsborough, NC
    Lauri M. Michel - Board Chair
    Hillsborough, NC

    Lauri Michel was elected to the NTCIC Board in 2008.  As Vice President, Risk Management & Special Projects of the Calvert Social Investment Foundation (Calvert Foundation), Ms. Michel manages credit and enterprise risk, loan administration and IT infrastructure and services.  She previously served as Calvert Foundation’s Vice President of Underwriting, managing due diligence, underwriting, and monitoring support for Calvert Foundation’s loan portfolios. Before joining Calvert Foundation, Ms. Michel was a Vice President at KEMA Advisors, a North Carolina consulting firm. She has also served as Vice President, Community Revitalization for the National Trust for Historic Preservation and as President of NT CDFI, Inc., its non-profit community development financial institution.

    Ms. Michel’s professional background includes architecture, community development and finance.  She has over fifteen years of experience in commercial real estate finance and managed New York’s affordable housing development and finance programs as Deputy Commissioner for Development for the New York City Department of Housing Preservation & Development. Ms. Michel is a member of NTCIC’s Investment, Governance, and Subsidiary Oversight Committees. She is also a Board member of the Historic Hillsborough (NC) Commission.

    Ms. Michel holds a B.A. from the University of Pennsylvania and a M. Arch. from the University of California, Berkeley.

  • F. Joseph Moravec - Board Treasurer
    Washington, DC
    F. Joseph Moravec - Board Treasurer
    Washington, DC

    Mr. Moravec is Senior Advisor to Easterly Government Properties, an NYSE real estate investment trust with offices in Washington, DC, and Boston. He is also a member of the Real Estate Investment Advisory Committee of ASB Capital, a privately owned real estate investment management firm and a past Trustee of the National Trust for Historic Preservation. His 40-year career has been spent as a practitioner, manager, and owner of investment properties and commercial real estate services companies. From 2001-2005, he served as the U. S. General Services Administration Commissioner of Public Buildings.

  • Martin L. Newman
    Tulsa, OK
    Martin L. Newman
    Tulsa, OK

    Martin L. J. Newman is a REALTOR. He served on the National Trust Board of Advisors for nine years, the National Trust Board of Trustees for nine years and was Co-Chair of the 2008 National Preservation Conference held in Tulsa, OK.

  • Michael Pokorny
    Baltimore, MD
    Michael Pokorny
    Baltimore, MD

    Michael, principal, Cap Ex Advisory Group, Baltimore, MD, is a public and private sector leader with 20 years of experience in economic development, affordable housing policy, and public-private finance strategies. Currently working with a national practice supporting impact-clients in capital projects and planning, Michael brings a unique viewpoint on funding strategies for a broad range of project types and organizations. His experience is focused on the partnerships and strategies of government, philanthropy and market sources. Michael is an affordable housing and community development professional.

  • Jack Tankersley
    Denver, CO
    Jack Tankersley
    Denver, CO

    Jack Tankersley joined the venture capital/private equity industry in Chicago in 1978. Since 1981, Jack has formed and led two families of institutionally-backed funds, The Centennial Funds and Meritage Funds, both headquartered in Denver. As an EOS Implementer™, he works with companies across the nation. Jack also serves as Chairman of TF Investors, the first and only professionally managed pool of capital providing growth equity to companies professionally implementing EOS®.

    Jack serves and has served on the boards of numerous Centennial and Meritage portfolio companies. Additionally, he formerly served as an independent director of Cakebread Cellars, a Napa Valley based winery.  Jack is also actively involved in community service organizations around the country. He is a Trustee of Denison University and the National Trust for Historic Preservation. He chairs the Endowment Trust for the Greater Colorado Council, Boy Scouts of America, which he formerly served as Chair and President. Previously, he was a Trustee of Woodberry Forest School and is an Advisor Emeriti for the Center of Entrepreneurship and Private Equity at Dartmouth’s Tuck School. He has received the Distinguished Eagle Scout award and is a recipient of the Silver Beaver award, Woodberry’s Distinguished Service Award and, with his wife Jennifer, was the Girls Athletic Leadership School 2017 Honoree. He earned his BA with High Honors from Denison University and his MBA from The Tuck School of Business at Dartmouth. Jack lives in Lower Downtown Denver and enjoys staying fit, traveling and helping build remarkable organizations.

Advisors to NTCIC

  • Abigail Corso
    Chicago, IL
    Abigail Corso
    Chicago, IL

    Abigail is an advisor of NTCIC and serves on the company’s Investment Committee. She is currently the Chief Strategy Officer at Elevate Energy, located in Chicago, Illinois. In this role, she oversees Elevate’s strategy for developing new programs nationwide, including energy efficiency, solar, and planning. Prior to this role, she served as Chief Program Officer and Director of New Market Initiatives, and she was responsible for expanding Elevate’s affordable multifamily energy efficiency programs into new markets outside of the Chicago region, including Indiana, Louisiana, Michigan, Missouri, Ohio, and Oregon.

    Prior to joining Elevate Energy in 2012, Abigail was a Managing Director at the Delta Institute, where, with her Delta Institute colleagues, she developed processes and methods that allow companies to incorporate local eco-system issues into corporate policies in a way that increases environmental stewardship and achieves environmental improvement.

  • Ryan Grimes
    Hunt Valley, MD
    Ryan Grimes
    Hunt Valley, MD

    Ryan oversees retail broker relationships and marketing strategies in the Western and Northeastern states. He manages nine offices including Philadelphia-PA, York-PA, Alexandria-VA, Hunt Valley-MD, Princeton-NJ, Phoenix-AZ, Denver-CO, Tacoma-WA and San Francisco-CA. Ryan oversees all brokerage and binding authority operations in these territories and is the relationship manager to his top carriers and retail brokers.

    His experience includes P&L management, start-up business units and offices, direct and indirect sales and sales management, marketing, project management, product development and operations. Prior to joining All Risks, Ryan held positions as Sales and Business Development Managers for various technology companies. Ryan earned a B.A. from Hofstra University and currently holds the ARM, ASLI, AU, and CRIS insurance designations.

  • Chase Poffenberger
    Washington, DC
    Chase Poffenberger
    Washington, DC

    Chase Poffenberger is an advisor of NTCIC and serves on the National Trust Tours Oversight Committee. Ms. Poffenberger is Executive Vice-President and Co-Owner of Academic Travel Abroad, a Washington-based educational travel company. In addition to operating adult educational tours for non-profit organizations, ATA is also a study abroad provider for universities, a donor cultivation specialist, a professional delegation organizer and association travel manager. Ms. Poffenberger holds a BA from Wellesley College and an MBA from the University of Maryland. Ms. Poffenberger lives in Annapolis with her husband and two daughters and enjoys swimming, paddle boarding and cycling.

Chair Emeriti

  • Bruce Block
    Milwaukee, WI
    Bruce Block
    Milwaukee, WI

    Bruce Block was elected to NTCIC’s board in 2008. He is a shareholder in the law firm of Reinhart Boerner Van Deuren, s.c. He served as chair of the firm’s Real Estate Department for twelve years and served on the firm’s Board of Directors for eighteen years. An active member of the community, Bruce currently serves on the Froedtert Health System board of directors, and is also on the boards of the Milwaukee Riverwalk District and the Turner Hall Preservation Trust. He is past president of the University of Wisconsin-Milwaukee Foundation, current chair of the University of Wisconsin-Milwaukee Real Estate Foundation, a member of the Greater Milwaukee Committee, a trustee of the Wisconsin Policy Forum, a former member of the Board of Curators of the Wisconsin Historical Society, past president of the Wisconsin Historical Foundation, a member of the Wisconsin Historic Preservation Review Board and president of the Wisconsin Preservation Fund. Additionally, Bruce has served his profession in a number of capacities, including eight years as a board member and chair of the Construction and Public Law section of the Wisconsin State Bar and a member of the American College of Real Estate Lawyers since 1992. Bruce is a frequent speaker on real estate matters, land use, zoning and tax incremental financing. Bruce graduated from the University of Wisconsin-Madison in 1976 and from the Boston University School of Law in 1979.

  • Irvin M. Henderson
    Henderson, NC
    Irvin M. Henderson
    Henderson, NC

    Irvin M. Henderson was elected to NTCIC’s Board in 2002 and is our immediate past Chairman. He is President of Irvin M. Henderson & Co., a development and consulting firm with expertise in community development finance and capital structure, collaboration and community involvement, community reinvestment and project design and management. He has developed or assisted in the development of a substantial number of projects in affordable housing, commercial development and enterprise development. Mr. Henderson holds extensive leadership roles including; managing partner and principal for Historic District Developers, the Finance and Audit Chair for the National Main Street Center, an Advisory Board Member for the CDE, Central States and a member of the Board of Directors of Preservation NC. As the Chair of the National Community Reinvestment Coalition and as a director for many state and national concerns, Mr. Henderson has consulted with and/or presented to community-based organizations and leaders, presidents, heads of state and federal agencies on these subjects.

  • Rob White
    Salt Lake City, UT
    Rob White
    Salt Lake City, UT

    Rob White is a founding member of the NTCIC Board and is also a National Trust Trustee Emeritus and Advisor Emeritus. As a National Trust Trustee he chaired the Finance Committee and the Community Revitalization Committee, and was vice-chair of the Board of Trustees. Mr. White is the former Chairman and CEO of W.R. White Company, a Utah based manufacturing business. He was a board member of the Utah Heritage Foundation from 1984 to 2001 and served as its Executive Director from 2002 to 2005. From 2007 to 2012 he was co-chair of a $10million capital campaign to help fund the restoration of Ogden High School, a landmark public high school in Ogden Utah. Mr. White is a past president of the Egyptian Theater Foundation in Ogden, Utah. He has a B.S. in Economics from the University of Utah and an MBA from Harvard University.

Directors Emeriti

  • Susan Guthrie Dunham
    Oklahoma City, OK
    Susan Guthrie Dunham
    Oklahoma City, OK

    Susan Guthrie Dunham was elected to the National Trust’s Board in 1995 and is a founding member of the NTCIC Board. She is the former President of Capital Development Corporation and currently serves as treasurer of Capstone Financial Group, Inc. Ms. Dunham previously served as the chair of the National Trust’s Board of Advisors (1993-95) and was an Advisor from the state of Oklahoma (1986-95). Ms. Dunham received a B.B.A. from South Arkansas University and is a graduate of the Louisiana State University Graduate School of Banking.

  • Curt Heidt
    Des Moines, IA
    Curt Heidt
    Des Moines, IA

    Curt Heidt was elected to NTCIC’s Board in 2009 and serves on the Executive, Audit and Governance Committees and chairs the Subsidiaries Oversight Committee. Curt is also an Advisor Emeritus of NTCIC’s parent company, the National Trust for Historic Preservation.

    Curt has 43 years of banking and financial expertise at the local, regional and national level ranging from the financing of housing to economic development strategies. From 1997 through 2016, Curt served as the Vice President of External Relations for the Federal Home Loan Bank of Des Moines where he led community, congressional, and technical assistance outreach. Curt has assisted in the development of numerous programs including the Rural Leadership Development Program, the Rural Capital Advance Program, grant programs for Native American housing, supportive housing initiatives, and the redevelopment of USDA 515 properties.

    In addition to NTCIC’s Board of Directors, Curt is currently a member of:

    ·        The Board of Directors for Community Housing Initiatives

    ·        The Iowa Main Street Advisory Council

    ·        The Local Initiatives Support Corporation (LISC) Rural Advisory Council

  • Barbara Sidway
    Baker City, OR
    Barbara Sidway
    Baker City, OR

    Barbara Sidway was elected to the Board of the National Trust Community Investment Corporation in 2007. Her business, started in 1980, rehabilitated the Geiser Grand Hotel in Baker City, winner of the Governor’s Livability Award and a National Trust Honor Award (1998). Other award-winning projects include the Odd Fellows Building in McMinnville, Ore., the Biltmore Hotel in Coral Gables, Fla., and the Freedom Tower in Miami, Fla. Ms. Sidway is Trustee Emeritus of the National Trust for Historic Preservation, where she was elected in 2005 and is the Founding Chair of the National Main Street Center, a subsidiary of the National Trust for Historic Preservation. She was appointed by Oregon Governors as Chair of the Oregon Heritage Commission and Oregon 150 (the State’s Centennial Celebration) Ms. Sidway has served on the Boards of Historic Baker City, Inc. and the Baker County Chamber of Commerce. She was a co-recipient of the 2009 Leadership Award from the National Trust Main Street Center. Ms. Sidway holds a B. A. (Angell Scholar) in Economics from the University of Michigan and an M.B.A. with Honors from the University of Chicago Graduate School of Business.

  • Mark Sissman
    Baltimore, MD
    Mark Sissman
    Baltimore, MD

    Mark Sissman was elected to the NTCIC Board in 2008. Mr. Sissman is the President of Healthy Neighborhoods, Inc., a Baltimore community development intermediary that provides market driven strategies and capital to increase home values. Sissman has previously acted as President and Chief Executive Officer of the Hippodrome Foundation, a Baltimore development partner for the redevelopment of the abandoned Hippodrome Theater. He also served the Enterprise Foundation for fourteen years as President of the Enterprise Social Investment Corporation and Vice Chair for Strategic Initiatives. Under his leadership, ESIC was the nation’s foremost syndicator of the Low Income Housing Tax Credits. In January 1999, he joined Bank of America as Senior Vice President to organize the Bank of America Catalyst Fund, an equity initiative to support the rebuilding of America’s cities. Prior to assuming the presidency of ESIC, Mr. Sissman was the Deputy Housing Commissioner for the City of Baltimore between 1979 and 1984. Mr. Sissman is an attorney and served as Chairman of the Maryland Credit Assurance Review Committee, the Advisory Board of the Housing Development Reporter, the Board of the Empower Baltimore Management Corporation, and the Board of the National Low Income Housing Coalition. In Maryland, he served on the Board of the House of Ruth, a shelter for battered women, and has served as the Vice-Chairman of the Maryland Housing Policy Commission. Mr. Sissman was President of the Coalition to End Childhood Lead Poisoning and served on the board of the Downtown Housing Council. He serves the Baltimore Community Foundation on its Community Development Committee and as a board member of its Healthy Neighborhoods, Inc. subsidiary.

  • Camille J. Strachan
    New Orleans, LA
    Camille J. Strachan
    New Orleans, LA

    Camille J. Strachan was elected to the National Trust Board in 1993 and is a founding board member of the Board of NTCIC. She is an attorney in private practice with more than 40 years experience in historic inner-city neighborhood preservation and revitalization. In New Orleans, she is a member of the boards of Felicity Street Redevelopment Project Inc. and Le Petit Salon. With her late husband, she was a founder of the Coliseum Square Association, a past NTHP Honor Award winner. Ms. Strachan is a native of Florida and a graduate of Rollins College and Tulane University School of Law.

Get To Know Our Team