Christine Hobbs serves on Cinnaire’s Board of Directors.
Ms. Hobbs is a former Director of Affordable Housing in Freddie Mac’s Multifamily Division. While at Freddie Mac, she oversaw the strategy, direction, and implementation of the Low-Income Housing Tax Credit (LIHTC) investment program for Freddie Mac, growing the portfolio to over $7 Billion. Ms. Hobbs managed the sourcing, underwriting, structuring, negotiation and closing of new LIHTC investments, including the coordination of the business, tax and legal underwriting, and the management of the pipeline of pending transactions.
She developed and implemented Freddie Mac’s first proprietary fund and first secondary market purchase. She also developed a portfolio strategy and asset managed the LIHTC investments including quarterly and annual reviews of Fund and project performance in order to manage and control credit risk and maximize performance.
Ms. Hobbs developed and maintained new and existing business and customer relationships, and established and maintained key external relationships including with trade associations, other LIHTC investors, housing organizations, and project developers. She also worked on key initiatives such as GO Zone reinvestment, 2530 issues, and Recapture Bond elimination.
From 2007-2013, Ms. Hobbs was the Director of Freddie Mac’s Targeted Affordable Housing lending program. She oversaw the origination and structuring of financing for affordable properties including cash mortgages, and bond credit enhancements. She was responsible for deal and pipeline management, business development and new product initiatives. She worked with a dedicated lender network and managed the Lender Advisory Council.
Prior to joining Freddie Mac, Ms. Hobbs worked for the National Cooperative Bank. She originated, underwrote and closed new multifamily mortgages, managed a nation-wide portfolio of multifamily loans and created and implemented a loan management program.
Ms. Hobbs is currently on the boards of the Lisner-Louise-Dickson-Hurt Home and Cinnaire. She is a past president of the Affordable Housing Investors Council, and a past board member of Sarah’s Circle and the Washington Area Community Investment Fund. She is also a past member of the Housing and Development Reporter Editorial Advisory Board and the National Association of Home Builders’ Housing Credit Certification Board.
