News Industry/Other

Merrill Hoopengardner to Step Down as President of NTCIC

Written By: NTCIC

WASHINGTON, D.C., November 8, 2022 – Merrill F. Hoopengardner announced that she will step down as President and CEO of the National Trust Community Investment Corporation (NTCIC) on December 1, 2022. Suzanne Brown, NTCIC’s Managing Director, Finance & Administration, will serve as the company’s interim President.

“The NTCIC Board is deeply grateful to Merrill for her seven years of leadership, during which she’s grown both the company and its impact,” said Lauri Michel, Board Chair of NTCIC. “Her vision and dedication to NTCIC’s important work, its investors, and its staff, especially during some very challenging times, have benefited people, places, and the planet in remarkable ways. We wish her all the best in her future endeavors and know that her thoughtful stewardship and success will be an inspiration to NTCIC’s future leaders.”

Merrill became the company’s second President & CEO in January 2016, following the company’s founding leader, John Leith-Tetrault. During her nearly seven-year tenure, NTCIC scaled its community development tax credit platform, expanded its sources of revenue, achieved $1 billion in assets under active management, celebrated its 20th anniversary, and provided significant financial support to its nonprofit parent, the National Trust for Historic Preservation. In addition to her NTCIC leadership role, Merrill also led national Historic Tax Credit advocacy efforts as the Chair of the Historic Tax Credit Coalition.

“I am grateful for the opportunity to have led NTCIC through a season of growth and expansion during periods of both challenge and prosperity. I am particularly proud that as we have scaled the business, we have been able to deploy even more capital to historic preservation and renewable energy projects across the country, especially in economically distressed areas. NTCIC is an incredible organization with a talented management team and accomplished staff. I am excited to see what the company does next.”

The national search for a permanent successor will be led by Lauri and Terrian Barnes, Chair of NTCIC’s Governance Committee.

ABOUT NTCIC: National Trust Community Investment Corporation (NTCIC), an affiliate of the National Trust for Historic Preservation, is among the most active tax credit syndicators in America. The organization supports the country’s architectural heritage, community development, and renewable energy initiatives through the provision of and investment in federal and state tax credits.