Board of Directors

Leonard (Len) Clark, Treasurer

Leonard (Len) Clark is the Senior Vice President, Chief Lending Officer at Industrial Bank in Washington D.C. Metro Area.  Previously he was a Commercial Real Estate (CRE) Lender at Burke & Herbert Bank in Alexandria, Va.  He is primarily responsible for expanding the Bank’s CRE portfolio by developing new customer and loan relationships in Virginia, Maryland and Washington, D.C.  Projects financed include new construction, rehabilitation and acquisition of retail, office, multifamily and industrial properties. Clark is also responsible for managing the Bank’s affordable housing and community development transactions.  These include Low Income Housing Tax Credit (LIHTC) transactions, Tax Exempt Bonds (TEBs) and mixed use developments with for profit and nonprofit developers often in partnership with various governmental entities.  

Prior to his work at Burke & Herbert Bank, Clark was a Loan Team Manager in Well Fargo Bank’s Wealth Management Group, where he worked with a team of three underwriters, 15 Wealth Advisors/Private Bankers and Senior Management.  Clark was responsible for managing the underwriting process for new and existing loans, including commercial real estate, business investment loans, custom residential mortgages and secured and unsecured lines of credit.
Clark has over 30 years of commercial real estate lending experience for market rate, community development and affordable housing projects, including origination, underwriting and workout/ restructuring of both debt and equity transactions.  He has worked for several other major financial institutions, Fannie Mae, Freddie Mac, city and state finance agencies and the federal government.  

Originally from Chicago, Clark moved east after graduating from Williams College and received his MBA in Finance from Bentley University in Waltham, Massachusetts. Clark spent 15 years as a volunteer head coach for local basketball and football youth leagues and was a basketball referee.  A former Catholic seminarian, he has volunteered as tutor and serves on the advisory board of a nonprofit local economic development council and on the board of a nonprofit devoted to financing affordable housing. An active runner, Clark has completed 62 full marathons.  He and his wife Christine live in Oak Hill, Virginia with two of their six children and two dogs.

Jenny Netzer

Jenny Netzer is the Chief Executive Officer of TCAM, an independent investment manager, providing asset management, advisory and consulting services to owners and funders of affordable housing and renewable energy. As CEO, Netzer leads the organization’s direction and works with clients to tailor services to meet their needs. With over 21 years of experience in investment and asset management in the affordable housing and renewable energy industries, Netzer has previously worked at MMA Financial (now Boston Financial Investment Management) and its predecessor organizations, Lend Lease Housing and Community Investing and Boston Financial. At MuniMae, she led the company’s entrance into the renewable energy business and expanded the company’s affordable housing investment activities internationally to triple the assets under management to $6 billion. As Director of Asset Management, she built the tax credit investment management function for Boston Financial in the early days of the program. Previously, Netzer served as Deputy Budget Director for the Commonwealth of Massachusetts, as Assistant Comptroller at Yale University, and as Assistant Deputy Commissioner at the Massachusetts Department of Public Welfare. Netzer received a bachelor’s from Harvard College and a master’s from Harvard Kennedy School of Government.

Beverly J. Bates, Board Chair

Beverly (“Bev”) Bates has been involved in the field of housing and community development for her entire professional life of more than 40 years. In March 2020 Bev retired from the position of Executive Vice President at The Community Builders (“TCB”) after a 35-year career there. TCB is one of the largest non-profit, urban developers of affordable and mixed-income housing in the country. In her most recent position, Bev managed a team of 65 professionals who collectively were responsible for designing, financing, and constructing housing communities in fifteen states and the District of Columbia.

Prior to assuming this role in March of 2001, she was responsible for overseeing TCB’s Mid-Atlantic region, which originated and developed TCB-owned housing in Washington DC, Pennsylvania, New Jersey, and Maryland. Prior to that, Bev was responsible for establishing TCB’s highly successful office in Pittsburgh, Pa. and was formerly the director of TCB’s Western Massachusetts development office which served  Western Massachusetts and Connecticut.  It is estimated that during her tenure with The Community Builders, Bev was involved in the production of more than 22,000 units of affordable and mixed-income housing utilizing a wide range of public and private financing sources.

Before joining TCB, Ms. Bates worked in several capacities at Brightwood Development Corporation, a nonprofit community development corporation operating in the North End neighborhoods of Springfield, MA. She also worked as an investment officer for the Massachusetts Community Development Finance Corporation and as a program manager for the Massachusetts Executive Office of Communities and Development.

Bev was born and raised in Western Massachusetts and is a graduate of Springfield College with a degree in community leadership and development where she discovered her passion for working to help revitalize distressed communities and expand opportunity for the people who live in them.

Ms. Bates has been active on numerous community and nonprofit boards throughout her life. Prior to retirement, she served as Chair of the Board of the National Affordable Housing Trust, a non-profit providing a range of financial and technical services to large nonprofit developers throughout the country, primarily related to the syndication of federal low-income housing tax credits.

In March of 2020, Bev was inducted into the AHF Affordable Housing Hall of Fame which was created in 2006 to “pay tribute to the pioneers who have advanced the cause of affordable housing and made lasting contributions to the industry”.

Since she retired from The Community Builders, Bev has been consulting on a part time basis to TCB working through a newly formed organization called Leading for Good which seeks to consult with large and small nonprofits on issues related to strategic planning, human resource and organizational development.

Bev is also currently serving on the following boards:

• Home City Development, Springfield MA – a nonprofit CDC serving Springfield and the surrounding area.

• Northampton Housing Partnership, Northampton MA – a citizen-based, appointed board advising on a wide range of matters related to housing and community development.

Michael Gilligan

Michael Gilligan is founder of Urban Catalyst, a private equity venture providing growth and transition capital for middle market businesses providing quality jobs for underserved communities. Urban Catalyst generates market rate returns investing in growing businesses with accomplished leadership teams committed to creating value through the human, social and environmental capital of their companies.
Urban Catalyst has grown out of Michael’s keen interest in seeing private capital play an active role in addressing our country’s social challenges and his strong belief that for-profit businesses can deliver tangible social benefit while generating financial returns in line with the overall market.
From 2009-2015, Michael focused on fostering social innovation, partnering with leading social entrepreneurs who are committed to new solutions that drive impact in poverty alleviation, community development and education reform. Michael chaired the board of LIFT, where he helped drive the execution of the organization’s strategy, its ambitious growth plan and the build-out of a highly qualified and diverse board. He also sits on the national board of YouthBuild, USA and the Advisory Board of City Year’s flagship operation in Boston.
Michael developed his expertise in helping business leaders drive growth, operating performance and compelling strategies during the early stages of his career. He was cofounder of Bank of Boston’s captive private equity group, creating a differentiated market strategy targeting family-owned businesses with his partners.
Michael also co-led the spin-off of the successor entity, Heritage Partners, a middle market private equity firm providing transition and growth capital for family- and founder-owned businesses that raised $1.3 billion in three funds during the 1990’s. As co-founder, Michael was integrally involved in raising the firm’s investment capital and primarily responsible for overseeing the firm’s portfolio management process.

Allen Feliz, Clerk

Allen Feliz is an affordable housing/multifamily real estate finance and technology executive with 16+ years of experience. He’s the Vice President of MRI’s Affordable Housing Managed Services which includes asset management, consulting, subordinate loan administration, fee accounting and data management services. He provides the Managed Services leadership with strategic direction on revenue management, business development, sales and marketing. He also represents MRI’s U.S. subsidized housing business externally – a frequent panelist at industry conferences and writer, covering a host of relevant topics including trends in housing technology, property and asset management and compliance management.
In his prior role at MRI, Allen was the Vice President of Product Management and executive manager of the Affordable and Public Housing business unit. He managed the P&L, KPIs and provided strategic direction for 6 legacy software companies which provide compliance, property management and accounting technology to housing organizations nationwide and the company’s new subsidized housing platforms. Allen led a cross-departmental business unit, coordinating efforts with Product Management, Product Development, Professional Services, Client Support, Marketing, Sales, IT, SaaS and the global senior leadership team; managed M&A activities; led roadmap creation and delivery; and drove GTM activities.
Allen joined MRI in 2018 via the company’s acquisition of TCAM, an organization he co-founded in 2009. TCAM is an independent asset manager and consultant for owners and funders of affordable housing. At TCAM, Allen was responsible for starting and managing the organization’s Advisory and Subordinate Loan Administration practice groups including engagements with for-profit and non-profit developers, state housing agencies and housing authorities. He also led TCAM’s sales and marketing efforts, co-managed the launch of the organization’s loan servicing (for public lenders) business line, and he led TCAM’s underwriting practice group. Allen began his career in the Tax Credit Acquisitions department at MMA Financial, structuring, pricing and closing private equity investments in multifamily developments financed by Section 42 low-income housing tax credits
In his personal life, Allen is a Co-Founder and Executive Director of One Nation Every Vote (“OneV”), a nonpartisan 501(c)(3) organization which shares the experiences and stories of American voters and offers facts and information about past and upcoming elections aimed at maximizing voter turnout in all elections. Also, Allen ran the 2007 Boston Marathon for which he independently raised funds for the community health programs of Brigham & Women’s Hospital.