Seasoned finance executive Kenneth L Fischbach joins the NTCIC senior leadership team
The National Trust Community Investment Corporation (NTCIC) welcomes Kenneth L. Fischbach to the organization as its new Chief Financial Officer & Executive Vice President. He will leverage over 25 years of experience in securitization, treasury, capital markets, financial policy, investment management, and risk management. Mr. Fischbach joins NTCIC most recently from Fannie Mae where he served as Vice President in Finance. In this role, he was instrumental in leading an organizational transformation strategy to substantially streamline operations, enhance transparency, and spur innovation.
“We are thrilled to have Ken join the team,” said Merrill Hoopengardner, NTCIC President. “Ken’s extensive investor relations experience and reputation for company-wide innovation will be essential as we expand our tax credit syndication and community development financial services.”
In addition to his role at Fannie Mae, Mr. Fischbach has held leadership positions at several top 10 banks and Fortune 500 companies where he was responsible for multi-billion-dollar funding and investment portfolios. These positions include Senior Vice President, Treasury & Capital Markets for Sallie Mae, Managing Director, Treasury, Investor Relations and Corporate Communications for Residential Capital, LLC,/GMAC and Senior Vice President of Global Credit and Financial Institutions Management for MBNA/Bank of America.
In his new role with NTCIC, Mr. Fischbach will lead the organization’s accounting, finance, risk management, and operations functions along with the coordination of its subsidiaries: National Trust Insurance Services and National Trust Tours. As a member of the senior management team he will collaborate on investor recruiting and retention and will lead new business line development and capital raising initiatives.
“The opportunity to join NTCIC is very exciting as it combines my passion for the capital markets, real estate, and community development,” said Mr. Fischbach. “I look forward to exploring ways to complement the impactful work the organization undertakes and identify opportunities for further expansion.”
National Trust Community Investment Corporation (NTCIC) enables tax credit equity investments that support sustainable communities nationwide. NTCIC places qualified tax credits for federal and state historic, new markets, solar and low-income housing projects. Since its inception in 2000, NTCIC has provided tax credit financing of over $1.4 billion in capital for over 175 transactions with over $5.4 billion in total development costs. NTCIC is the historic tax credit industry’s leading advocate for improving and expanding the use of federal HTCs having organized and chaired the Historic Tax Credit Coalition since 2009. NTCIC also pioneered the “twinning” of HTCs and NMTCs in 2001 and has now invested $731.1 million in 81 of these twinned transactions.