Instructor Name: Ben Etheridge
Ben Etheridge is the vice president of Chesapeake Community Advisors, Inc. which is an organization of consultants and developers specializing in financing, syndication, development and construction of affordable and historic properties primarily located in the Mid-Atlantic Region of the country. Most of Etheridge’s work is done with Low Income Housing Tax Credits, an area in which he has specialized since 1991. Etheridge was with Fannie Mae from 1998 to 2002. He was the director of asset management for Multifamily Equity Investments and the director of specialized asset management for the debt portfolio at Fannie Mae. The LIHTC Asset Management team was responsible for managing the physical condition and financial performance of more than 350 investments, through 35 fund managers. These investments represented nearly 3,000 properties and 200,000 units. The LIHTC Asset Management team also performed special asset management, including the restructuring of debt and equity positions. In 2000 Etheridge also assumed control of Fannie Mae’s specialized asset management group (SAM). This group was responsible for defaulted and chronically troubled loans in Fannie Mae’s $80 billion dollar debt portfolio. The SAM group was geographically dispersed from Washington, DC to Dallas in order to cover the country, and under Etheridge’s direction, they recorded historic lows in credit losses and REO inventory for Fannie Mae. Prior to joining Fannie Mae, Etheridge was the director of development for Enterprise Homes, a developer of affordable housing located in Baltimore. In this capacity, he was responsible for the development and completion of affordable housing developments. His projects included single-family homeownership, low income housing tax credit developments, mixed income, and mixed-use housing ventures. His geographic experience includes inner city urban developments, rural developments and multifamily suburban projects. Etheridge has been in real estate since 1985 and he has specialized in affordable housing since 1991. He has an undergraduate degree in accounting from the University of Southern Maine and an MBA with concentrations in finance and real estate finance from Bentley College.
Ben Etheridge teaches the following course(s):

AP301 Exit Strategies for LIHTC Projects