NTCIC Staff

Our staff consists of dedicated and seasoned experts in the tax credit industry who will work hard with and for you.

Senior Management

  • Randy
    Randy Bartholomew
    Executive VP and Chief Operating Officer

    Randy
    Randy Bartholomew
    Executive VP and Chief Operating Officer

    As Chief Operating Officer, Randy assists the President with the overall operations and strategic planning for the NTCIC. Randy also oversees the accounting, asset management functions and subsidiaries. With over 35 years of experience in commercial real estate finance and asset management, Randy has acted in various senior management roles, including VP Strategic Planning / Asset Management, Director of Finance and Controller. His experience includes: partnership structuring, tax credit modelling, tenant lease restructures, partner and lender liaison, strategic planning and controllership functions. Randy is a CPA and holds a BS degree in accounting and finance from George Mason University and is a member of the American Institute of CPA’s.

  • Karin
    Karin Berry
    VP and Manager of Renewable Energy

    Karin
    Karin Berry
    VP and Manager of Renewable Energy

    Karin serves as the primary business development/relationship manager with renewable energy tax credit investors and project developers to syndicate Solar Investment Tax Credits.

    Karin comes to NTCIC with a wealth of experience, having served as Senior Advisor in the Office of Policy for the U.S. Department of Energy; Vice President of the Guggenheim Capital Markets, Principal of Pave Energy Finance; and most re­cently, Senior Account Executive and Vice President of PNC Energy Capital. Karin has worked on renewable transactions all over the country for commercial, municipal, residential, utility and non-profit clients. Karin received a bachelor’s degree from Samford University and a master’s degree from the LBJ School of Public Affairs at the University of Texas Austin.

  • Suzanne
    Suzanne Brown
    VP of Finance and Controller

    Suzanne
    Suzanne Brown
    VP of Finance and Controller

    As Vice President of Finance & Controller, Suzanne oversees the accounting function for NTCIC, its subsidiaries and its funds, including preparing financial statements, managing audit and tax reporting, and performing loan servicing for all debt investments. Suzanne also assists in managing NTCIC’s NMTC program and oversees NMTC compliance.

    Suzanne has 30 years of accounting and finance experience and has held various senior management positions in corporate accounting for both private and public companies. Prior to joining NTCIC, she worked with Enterprise Community Investment, Inc., and held a manager position in the financial services practice of KPMG, a national public accounting firm. She spent 50% of her time deploying NMTC capital at Enterprise, where she closed deals totaling approx. $100 million, and 50% of her time overseeing NMTC compliance and investor reporting. Suzanne is a CPA and holds a Bachelor of Accountancy, Magna Cum Laude, from The George Washington University and an MBA from Johns Hopkins University.

  • Merrill
    Merrill Hoopengardner
    President

    Merrill
    Merrill Hoopengardner
    President

    As President of NTCIC, Merrill directs fundraising and acquisitions opportunities, develops and implements overall strategy and new lines of business for the company and coordinates governing board/staff relations.

    Merrill joined NTCIC in 2016, bringing 19 years of experience in community development finance that includes the structuring and closing of over $1 billion utilizing Historic, New Markets and Low Income Housing Tax Credits. Before joining NTCIC, Ms. Hoopengardner was a Principal at Advantage Capital Partners, a finance company that specializes in using public-private partnerships to raise venture capital and small business capital for investments and loans in underserved areas. At Advantage, Merrill raised over $100 million per year in state and federal NMTC funds that were used to provide access to capital for small businesses nationwide.

    Merrill began her tax credit career with the law firm Nixon Peabody LLP, where she represented a number of prominent community development entity, investor and project sponsor clients.

    Merrill received her bachelor’s degree and law degree from Duke University. She is a member of the Novogradac Journal of Tax Credits Advisory Board, the Board of Directors of the New Markets Tax Credit Coalition, the SunTrust CDE Advisory Board, and the Banc of America CDE Advisory Board.

  • Kandi
    Kandi Jackson
    Senior VP and Managing Director of Acquisitions and Underwriting (HTC and NMTC)

    Kandi
    Kandi Jackson
    Senior VP and Managing Director of Acquisitions and Underwriting (HTC and NMTC)

    As Managing Director, Kandi oversees the Acquisitions and Underwriting Team of NTCIC with a focus on HTC and NMTC investments, which is primarily responsible for finding, underwriting, closing, and initiating the first equity and loan disbursements to a project. She also originates and manages NTCIC’s upper-tier investor relationships. Kandi has more than 20 years of senior level experience in real estate development and finance. As Director at Wachovia, she originated and managed developer relationships through underwriting, closing and asset management of complex transactions, including historic and New Market tax credit investments. As Vice President at PNC and Simpson Housing Solutions (formally KBMH), Kandi originated LIHTCs and HTCs. She managed Simpsons Housing Solutions’ East Coast Division, including originators, project managers, and construction inspectors. As Construction Manager at Bovis Construction, she established on site project development experience for high-profile historic and non-historic new construction projects. Kandi is licensed as a general contractor and general engineer in California and real estate broker in California, North Carolina, and South Carolina. Ms. Jackson received an MBA from Pepperdine University and BA from UCLA.

  • Bret
    Bret Mosher
    VP of Asset Management

    Bret
    Bret Mosher
    VP of Asset Management

    As Vice President of Asset Management, Bret is responsible for the supervision of the asset management functions for NTCIC’s NMTC, HTC, and solar ITC portfolios including all post-closing disbursements based on the projects meeting the conditions precedent prior to the investors funding of the capital calls. He also manages and maintains an asset management database system which is used for compliance and project level reporting for NMTC, historic, and solar ITC investments. Bret has over 24 years of experience in commercial real estate appraisal, underwriting, financing, asset management, and acquisition/due diligence. Prior to joining NTCIC, Bret spent three years as an investment and acquisition manager at a private equity real estate investment company and was primarily responsible for underwriting potential deals, evaluating risks, and financial analysis. Bret also has five years of experience as a senior asset manager at Fannie Mae and managed a primarily residential portfolio of 35 assets with a total asset value of $1.1 billion. He provided direct asset management and fund oversight for joint venture market rate equity, mezzanine debt, and historic tax credit/mezzanine equity for acquisition/rehab and new development deals. Bret has a MBA in International Finance from Loyola College and Bachelor of Business Administration in Finance from The College of William and Mary.

Acquisitions Team

  • Amanda
    Amanda Bloomberg
    Acquisitions Manager

    Amanda
    Amanda Bloomberg
    Acquisitions Manager

    Amanda is responsible for identifying, structuring and preliminary underwriting prospective federal/state HTC and NMTC investments. Prior to joining NTCIC, Amanda spent nine years at AEGON USA Realty Advisors in their Community Investment group where most recently she was an associate director originating, structuring and closing LIHTC and HTC transactions. She previously worked in their asset management department overseeing over 70 tax credit investments, representing approximately $1 billion in equity. Amanda earned a Bachelor of Arts Degree in Finance and Real Estate from the University of Northern Iowa and is currently pursuing a Master of Science Degree in Real Estate and Infrastructure from Johns Hopkins University.

  • Michael
    Michael Dubansky
    Acquisitions Manager

    Michael
    Michael Dubansky
    Acquisitions Manager

    As Acquisitions Manager, Michael is the first point of contact for prospective deals. He is responsible for origination, underwriting, negotiating, and closing NTCIC’s federal/state HTC and NMTC investments. Before rejoining the company in 2010, Michael worked for NTCIC for 2 years as an acquisitions analyst. Michael also has nearly 3 years of experience as a senior associate with CohnReznick, a national accounting firm widely recognized by the tax credit industry for its expertise in tax credit transactions and over 3 years as a senior acquisitions analyst with a private equity real estate investment company for which Michael sourced, underwrote, and helped structure acquisitions in excess of $400 million. Michael has a Bachelor of Arts in Finance from Towson University.

  • William
    William Fiederlein
    Senior Financial Analyst

    William
    William Fiederlein
    Senior Financial Analyst

    William Fiederlein is NTCIC’s Senior Financial Analyst. In his role, William works with the acquisitions team to source, underwrite, and close historic and new markets tax credit transactions. Prior to joining NTCIC, William worked for a boutique tax credit syndication and consulting firm assisting project sponsors with securing equity through various federal and state tax credit programs. William graduated from the University of South Carolina majoring in Finance. He currently resides in Arlington, Virginia with his wife Emily and in his free time, he enjoys cooking, watching sports, and checking out new restaurants.

  • Kathleen
    Kathleen Galvan
    Project Manager

    Kathleen
    Kathleen Galvan
    Project Manager

    As Project Manager, Kathleen manages the closing process for Historic Tax Credit and New Markets Tax Credit investments. She holds an MBA from the University of Texas, McCombs School of Business, focused on Real Estate Finance. Prior to her MBA, she served as a Real Estate Development Manager for a financial advisory firm. Kathleen managed the commercial/residential real estate portfolio and collaborated with urban planners, researchers, builders and other professionals during the development stages of a mixed-use real estate development in Louisiana.

  • Kevin
    Kevin Keyser
    Senior Project Manager

    Kevin
    Kevin Keyser
    Senior Project Manager

    As Senior Project Manager at NTCIC, Kevin oversees the project management and underwriting functions and leads the project management team, which is responsible for taking projects from acquisition to closing and hand-off to the asset management team.  Kevin is responsible for preparing and reviewing project write-ups for NTCIC’s Investment Committee and managing the deal-closing process.

    Kevin joins NTCIC from Wexford Science & Technology, a national developer of university related research facilities and mixed use communities, where he led Wexford’s finance and accounting functions and was responsible for project finance, including structuring and execution of its tax credit transactions.  Kevin was also directly involved with Wexford’s development projects and, most recently, oversaw the planning and predevelopment for the initial projects in a 4 million square foot mixed used development in West Philadelphia, where he secured $3.6 million in public infrastructure subsidy from City, State and Federal sources.

    After graduating from Towson University with a bachelor’s degree in accounting, Kevin began his career in public accounting in the Baltimore office of Ernst & Young and later moved into mortgage banking with Prudential where he was involved with hedging its mortgage-backed security portfolio.  He spent six years on the operations side of Baltimore-based Aerotek (now Allegis Group) as it grew to become the largest staffing firm in the US. Kevin was Vice President of Finance for the US division of Intervid, an international company specializing in high-end commercial security systems, then co-founded a company in the industry and ran it for three years before selling his interest.  Kevin has more than 28 years of diverse financial, operational and commercial real estate development experience.

  • Matt
    Matt Prickett
    Acquisitions Manager

    Matt
    Matt Prickett
    Acquisitions Manager

    Based in St. Louis, Matt joins NTCIC as an Acquisitions Manager responsible for identifying, structuring and preliminarily underwriting prospective federal/state HTC and NMTC investments. Matt has fifteen years of experience in community development and real estate finance. Prior to joining NTCIC, Matt spent five years at a national bank as a senior asset manager with primary responsibilities for HTC and NMTC transactions. Since November 2016, he has also played an active role on the Historic Tax Credit Coalition board where he was the primary board member to spearhead a new membership drive. Matt has earned multiple Degrees from Saint Louis University including a JD.

  • Alex
    Alex Shewchuk
    Project Manager, Renewable Energy

    Alex
    Alex Shewchuk
    Project Manager, Renewable Energy

    Alex is responsible for project origination, underwriting, structuring and negotiation, managing the closing process, and monitoring the placement in service process for NT Solar’s client ITC investments. Before joining NTCIC, Alex was a project manager/estimator for a demolition/environmental remediation company, the CFO for a mid-size mixed-use condominium developer in Washington DC and developed a historic tax credit mixed-use building in downtown Baltimore. He also worked in NYC, London and Tokyo for Morgan Stanley. Alex has a Bachelor of Arts in Economics from Yale University and an MBA from Wharton.

  • Christina
    Christina Smith
    Project Manager

    Christina
    Christina Smith
    Project Manager

    As Project Manager for NTCIC, Christina performs a variety of acquisition activities including underwriting and managing the closing process for debt and equity investments involving federal/state historic, and new markets tax credits for all types of asset classes throughout the US. Before joining NTCIC in 2006, Christina worked for a former leading warehouse lender where she managed account portfolios totaling over $1 billion in bank credit lines. She also has three years of experience as a commercial real estate paralegal for Skadden, Arps, Slate, Meagher & Flom LLP.

Asset Management / Compliance

  • Andrae
    Andrae Baly
    Senior Asset Manager

    Andrae
    Andrae Baly
    Senior Asset Manager

    As Senior Asset Manager, Andrae is responsible for asset management, including construction monitoring as well as post-closing lower tier compliance, and investor reporting for NMTC, Solar ITC, and HTC investments. He also processes post-closing equity investment installments based on operating agreement benchmarks, reviews annual financial statements, and manages the company database. Before joining NTCIC in 2007, Andrae earned over seven years’ experience in asset management, compliance monitoring and loan administration of both equity investments and mezzanine debt for CIG International, a real estate investment firm, and Key Bank Real Estate Capital. He has a Bachelor of Science in Business Administration from Houghton College (NY).

  • Joseph
    Joseph Crugnale
    New Markets Tax Credit Compliance Manager

    Joseph
    Joseph Crugnale
    New Markets Tax Credit Compliance Manager

    Joseph oversees compliance related to the New Markets Tax Credit. This entails monitoring and reporting on projects, as well as keeping track of NTCIC’s status as it pertains to the New Markets Tax Credit. Joseph previously worked at Enterprise Community Investment where he led due diligence efforts in funds that raised $510 million in LIHTC equity. He has also held various roles in economic and community development in the Boston area. He holds a BA in International Affairs from Northeastern and a Masters in Real Estate from Johns Hopkins.

  • Sarah
    Sarah McDonnell
    Asset Manager

    Sarah
    Sarah McDonnell
    Asset Manager

    As an Asset Manager, Sarah is responsible for managing NTCIC’s portfolio of HTC, NTMC, and ITC projects during the tax credit compliance periods. For five years prior to joining NTCIC, Sarah worked as a Senior Development Associate for a real estate development company in Michigan that specialized in historic rehabilitation. There, she reviewed all transaction documents and oversaw the closing process of each project. Sarah graduated with her Juris Doctor, cum laude, from Western Michigan University and also holds a Bachelor of Arts in Economics from Michigan State University.

  • Margaret
    Margaret Whitesides
    Senior Asset Manager

    Margaret
    Margaret Whitesides
    Senior Asset Manager

    As Senior Asset Manager, Margaret manages a portfolio of NMTC, HTC, LIHTC and solar investments totaling over $200 million. She is the primary contact with developers and investors during the tax credit compliance periods. Additionally, Margaret reviews construction draws and post-closing HTC fundings, completes investor reporting, works out problem loans, monitors tax credit compliance and assists in reviewing audits and tax returns. Prior to joining NTCIC in 2010, Ms. Whitesides was the director of asset management at Enterprise Community Investment from 2007-2010. At Enterprise, she was responsible for the asset management of $570 million in NMTC investments that funded commercial real estate and also managed relationships with developers, CDE’s and investors. Margaret has over 25 years of progressively responsible experience in commercial real estate lending, asset management and relationship management with Enterprise Community Investment, GMAC-RFC, Freddie Mac and national banks in the Washington, DC area. Ms. Whitesides has an MBA from the George Washington University and a Bachelor of Arts from the University of Virginia.

Public Policy

  • John
    John Leith-Tetrault
    Public Policy Advisor

    John
    John Leith-Tetrault
    Public Policy Advisor

    John supports NTCIC’s public policy efforts by engaging in high-level policy discussions with federal lawmakers and executive branch officials on a number of important issues, including comprehensive tax reform, historic tax credit (HTC) eligibility for the Community Reinvestment Act (CRA), legislation to modernize the HTC, IRS tax treatment of HTC transactions and improvements to the National Park Service’s administration of the HTC program. John chairs the Historic Tax Credit Coalition (HTCC) which has led the effort to retain the HTC in a reformed tax code. The HTCC also worked closely with the IRS to develop Revenue Procedure 2014-12 that governs how HTC transactions are structured to comply with the Historic Board Walk Hall appeals court decision. John has a Masters Degree in Urban Planning from George Washington University and a BA in History from Georgetown University. He brings over 40 years of real estate, community development, banking and tax credit experience to NTCIC. In addition to his 15 years as the founding President of NTCIC, John’s experience includes employment in various community development financing capacities with the following organizations: Neighborhood Housing Services, NeighborWorks USA, Enterprise Community Partners, Bank of America and the National Trust for Historic Preservation.

  • Mike
    Mike Phillips
    Public Policy Manager

    Mike
    Mike Phillips
    Public Policy Manager

    As Public Policy Manager, Michael specializes in garnering advocacy for the federal Historic Tax Credit nationwide as Congress considers tax reform. Prior to NTCIC Michael was President of Phillips Associates, Inc. where he represented national non-profits, for-profit industry, national governing bodies in sports, and served as a conservation consultant on transportation and historic preservation issues. He also spent 9 years with the National Recreation and Park Association, where he successfully lobbied congress for annual appropriations and permanent funding measures for public lands, urban parks, wildlife, and historic preservation as proposed reinvestment for Outer Continental Shelf (OCS) federal energy revenues. Michael undertook graduate studies in American Politics and Comparative Politics at George Mason University and earned a Bachelor of Science from Old Dominion University.

Get to know our board members