He will be responsible for developing and pursuing the overall capital strategy for the company, including several enterprise-level capital raising initiatives as well as securing project-level debt and equity for BRIDGE developments.
“I am thrilled that Jim will be joining our team,” said Cynthia A. Parker, President & CEO of BRIDGE. “His depth and breadth of experience will be instrumental to achieving our five-year goal of 9,000 homes for people with low and middle incomes—a goal we anticipate will require an aggregation of $3.8 billion in capital.”
Mather comes to BRIDGE from Housing Trust Silicon Valley, where he has served as Chief Lending Officer since 2013. During his tenure there, he oversaw the growth of lending from $2.6 million annually to $64.7 million this year. Under Mather’s leadership, Housing Trust financed over 5,000 affordable homes and expanded its footprint from one county to the 13-county greater Bay Area. Previously, he was the Interim Director of Finance for East Bay Asian Local Development Corporation (EBALDC), where he created a new capital fund for housing investments.
Earlier, Mather held various senior roles in community development banking at Union Bank, Bank of America and US Bank, where he originated more than $2 billion in loans and investments for affordable housing, and oversaw the asset management of large national affordable housing portfolios. He also worked for the County of Alameda Housing and Community Development Department and has been an advisor on affordable housing, smart growth and transit-oriented development to the California Department of Transportation, the Bay Area Council and BART. Mather served on the boards of Merritt Community Capital, Community Housing Works and the San Jose Environmental Innovation Center. He holds an MA in Architecture and Urban Planning from UCLA and a BA from Yale University.
For more information about BRIDGE, visit www.bridgehousing.com.