Join Katie for the conclusion of her conversation with ChangeMaker, Kimberly Black King, Chief of Real Estate Development at Volunteers of America, as she shares how her childhood experiences have fueled her passion for affordable housing. Despite facing challenges and obstacles, Kimberly’s upbringing taught her the importance of having a safe and stable home. Now, she is using her platform to ensure that others have access to the same opportunity. In this episode, we also hear about the progress that Volunteers of America has made in the past year, with over 800 units under construction and development costs exceeding $250 million. But beyond the numbers, Kimberly’s work is about creating a brighter future for families and individuals who may not have had the same opportunities she did. Join us as we wrap up this inspiring conversation with a true ChangeMaker in the affordable housing industry.
About Kimberly Black King: Kimberly joined Volunteers of America in 2018. She is responsible for affordable housing development, acquisitions, and recapitalizations. Ms. King comes to VOA with twenty years of leadership experience in the affordable housing industry. Her professional experience includes positions in the development, finance, consulting, and government sectors.
Prior to VOA, Ms. King served as the Chief Development Officer at the District of Columbia Housing Authority managing the agency’s redevelopment pipeline and development staff. She was responsible for negotiating deal terms and the development program for transactions with multiple funding sources including Low-Income Housing Tax Credits, conventional debt, equity, gap financing, and grants. She joined DCHA after serving for Mayor Vincent Gray as the Director of the District of Columbia’s New Communities Initiative, a billion-dollar program that establishes housing policy and provides gap financing for the redevelopment of distressed neighborhoods.
Prior to joining the District of Columbia government, Kimberly was the Director of the Corporation for Supportive Housing (CSH) Mid-Atlantic office. CSH is a national CDFI whose mission is to help communities create affordable housing with supportive services through its lending and development consulting services. As Director of the Mid-Atlantic office, Kimberly was responsible for operations, management, strategic planning, program design, lending activities, and new business development in the region.
Prior to joining CSH, she held the position of Senior Account Executive at Fannie Mae. Ms. King’s accomplishments in this role include expanding the number of affordable lending partners, amending selling and servicing guidelines to include pooling government-guaranteed mortgages, and facilitating the creation of the Rural Development Guaranteed Rural Rental Housing Program. She served as Fannie Mae’s liaison to Congressional staff, HUD, and USDA RHS. She holds a B.S. in Business & Accounting from Southern Illinois University and an M.A. in Finance from Webster University.