Elizabeth Collins, Vice President of Development utilizes her experience in working with HUD, the VA, state housing finance and rental subsidy programs to reposition older housing developments and to develop new affordable communities. She has been involved in financing, managing and development multifamily and affordable housing for more than 30 years. In it development activities, Peabody Properties has successfully partnered with federal government agencies including HUD and the VA, State Agencies, housing authorities, local municipalities, for profit and not for profit companies to complete numerous complex housing and mixed-use developments with total development costs ranging from $3M to $230M.
Since joining Peabody Properties, more than 10 years ago, Ms. Collins has been responsible for the successful development or repositioning of more than $450M of completed affordable housing projects. This effort includes construction of new communities, the adaptive reuse of historic buildings into housing as well as preserving, repositioning and refinancing existing affordable housing. During this tenure, Peabody has also created an innovative and award winning model for permanent supportive housing for homeless Veterans, providing housing and services for Veterans in approximately 200 units in four communities located in Massachusetts and New Jersey.
Prior Career Highlights:
- Senior Vice-President of Acquisitions for Boston Capital Corporation and its predecessor, and was responsible for placing more than $120M of equity investments in affordable housing developments.
- Senior Vice President for Collins Nickas and Company LLC, a firm that specialized in repositioning and preserving older HUD subsidized housing, where she supervised the preservation of 21 communities located in Massachusetts, Connecticut and Illinois.
- Board member of the National Leased Housing Association (NLHA).
- Graduate of Simmons College where she studied finance and economics