Amanda Novak

As the Executive Director of Twin Cities Housing Development Corporation (TCHDC), I lead the strategic direction and operations of a nonprofit developer committed to preserving quality affordable housing across Minnesota. I oversee a dedicated team and collaborate with community partners to deliver safe, quality, and self-sustaining housing solutions. My role encompasses: •Strategic Leadership: Spearheading housing projects from inception to completion, aligning development strategies with community needs and organizational goals. •Financial Oversight: Ensuring the organization's financial health through effective resource management and overseeing the financial audit process. •Team and Operations Management: Leading a team of professionals, fostering a collaborative environment, and ensuring efficient operations across all levels. •Community and Stakeholder Engagement: Building and maintaining strong relationships with community organizations, government agencies, and other stakeholders to advance TCHDC's mission. In this capacity, I am committed to sustaining TCHDC's reputation as a trusted partner in providing affordable housing solutions that meet the diverse needs of the communities we serve.

Providing tailored consulting services to mission-driven organizations, focusing on strategy, alignment, and impactful real estate initiatives. Recent Projects: **Partnering with the Citizens League to craft an inclusive, dynamic strategic plan that clearly defines their unique value proposition and guides future growth. **Equipping board members of a mid-sized affordable housing nonprofit with critical insights into the development process, fostering informed decision-making and strategic oversight. **Providing strategic guidance to restructure a mid-sized nonprofit's committees, ensuring the committees align with evolving community needs and enhance team collaboration for greater impact.

Key advisor to the CEO and COO, driving strategic growth and innovation to align initiatives with the Y's mission. With a staff of 50 and a budget of $30 million, focused on optimization of assets and processes for impactful, efficient programs. Led strategic planning, real estate, engineering, digital and data platforms. Oversaw executive collaboration of all VP’s to drive cross-functional integration and leadership development. 𝘖𝘯𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘭𝘢𝘳𝘨𝘦𝘴𝘵 𝘠𝘔𝘊𝘈’𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘰𝘶𝘯𝘵𝘳𝘺 𝘸𝘪𝘵𝘩 𝘢 $165 𝘮𝘪𝘭𝘭𝘪𝘰𝘯 𝘣𝘶𝘥𝘨𝘦𝘵, 48+ 𝘭𝘰𝘤𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 4000+ 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦𝘴. 𝘚𝘦𝘳𝘷𝘦𝘴 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘢𝘤𝘳𝘰𝘴𝘴 𝘔𝘪𝘯𝘯𝘦𝘴𝘰𝘵𝘢 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘮𝘪𝘴𝘴𝘪𝘰𝘯-𝘥𝘳𝘪𝘷𝘦𝘯 𝘱𝘳𝘰𝘨𝘳𝘢𝘮𝘴 𝘪𝘯 𝘊𝘩𝘪𝘭𝘥 𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵, 𝘞𝘦𝘭𝘭𝘣𝘦𝘪𝘯𝘨, 𝘈𝘥𝘷𝘦𝘯𝘵𝘶𝘳𝘦, 𝘢𝘯𝘥 𝘚𝘰𝘤𝘪𝘢𝘭 𝘐𝘮𝘱𝘢𝘤𝘵.

Developed and implemented the Y's asset optimization plan to align a $210 million real estate portfolio with strategic goals, supporting innovative and efficient programs. Managed financial risk, directed legal and compliance matters, led real estate and project teams, and built strategic relationships to achieve the Y’s long-term objectives. Built strategic relationships with community and government leaders to enhance partnership opportunities.

Cultivated and nurtured strategic relationships with internal stakeholders, community and government leaders to enhance partnership opportunities and grow the Y’s portfolio of real estate assets.

Led the Acquisition and Development team, overseeing business development for new real estate opportunities and supporting project management and construction across Minnesota, Iowa, and Wisconsin. ◆ Grew CommonBond’s portfolio by over 2,300 units in Minnesota, Wisconsin, and Iowa. ◆ Awarded over $375 Million in private and public dollars for the new construction, rehabilitation and refinance of affordable and market rate housing units. 𝘊𝘰𝘮𝘮𝘰𝘯𝘉𝘰𝘯𝘥 𝘊𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘪𝘴 𝘢 𝘭𝘦𝘢𝘥𝘪𝘯𝘨 𝘯𝘰𝘯𝘱𝘳𝘰𝘧𝘪𝘵 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘱𝘱𝘦𝘳 𝘔𝘪𝘥𝘸𝘦𝘴𝘵, 𝘱𝘳𝘰𝘷𝘪𝘥𝘪𝘯𝘨 𝘢𝘧𝘧𝘰𝘳𝘥𝘢𝘣𝘭𝘦 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘢𝘯𝘥 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘪𝘷𝘦 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴 𝘵𝘰 𝘰𝘷𝘦𝘳 13,000 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭𝘴 𝘢𝘯𝘥 𝘧𝘢𝘮𝘪𝘭𝘪𝘦𝘴 𝘢𝘤𝘳𝘰𝘴𝘴 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 7,000 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘶𝘯𝘪𝘵𝘴 𝘪𝘯 𝘔𝘪𝘯𝘯𝘦𝘴𝘰𝘵𝘢, 𝘞𝘪𝘴𝘤𝘰𝘯𝘴𝘪𝘯, 𝘐𝘰𝘸𝘢, 𝘢𝘯𝘥 𝘚𝘰𝘶𝘵𝘩 𝘋𝘢𝘬𝘰𝘵𝘢.

Centralized investor relations to secure consistent, favorable terms with banks and investors, establishing negotiation best practices for the team.

Responsible for business development in Wisconsin and Iowa, managing and financing complex affordable housing projects.

Key contributor to the expansion into Wisconsin and Iowa, managing and financing complex affordable housing projects, identifying gap financing and value engineering opportunities, and ensuring quality project management from construction to closeout.

Co-Taught graduate level class on Historic Economics focusing on the Economics of Historic Preservation