CAHEC has appointed Ed Stone as Senior Vice President of Syndications, effective January 12, 2026. In this leadership role, Stone will oversee the Syndications team and strengthen CAHEC's position in the affordable housing industry. Dana Boole, President & CEO of CAHEC, stated that Stone is responsible for furthering Syndications' vision and performance to enhance the organization's strategic competitive advantage. Boole highlighted Stone's growth mindset, coaching abilities, investor intuition, and excellence around credit and portfolio performance as valuable additions to CAHEC's team.
Stone brings more than 25 years of experience in Low-Income Housing Tax Credit (LIHTC) equity, credit, and asset management to his new position. He joins CAHEC from CREA, where he served as Chief Credit Officer from 2021 to 2025. During his tenure at CREA, Stone fostered a culture focused on streamlining and automating key components of the investment diligence and approval process while coaching staff to better align with stakeholder capacities and needs. Under his leadership, CREA closed more than $1.3 billion annually in LIHTC equity investments.
Prior to his role at CREA, Stone spent over a decade at Fannie Mae from 2009 to 2021, holding two senior leadership positions. As Director of Equity and Structured Asset Management, he oversaw Fannie Mae's equity investment portfolios, including LIHTC, preferred equity, and community lending investments. He later served as Senior Director of Equity Investments, where he led efforts to re-enter the LIHTC market after a ten-year absence, authored syndicator investment guidelines, and managed the analyst team responsible for closing syndicator transactions.
This appointment comes as CAHEC continues its work as a community development organization that strengthens communities by providing affordable housing and supportive service initiatives to residents in the Southeast and Mid-Atlantic regions. CAHEC engages in diverse product areas including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. The organization also offers loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. More information about their contributions to affordable housing and surrounding communities is available at https://www.cahec.org.
With Stone's extensive background in LIHTC equity and credit management, his appointment signals CAHEC's commitment to strengthening its syndication capabilities and competitive position in the affordable housing finance market. Stone's experience at both CREA and Fannie Mae provides him with comprehensive knowledge of both the equity investment and credit aspects of affordable housing finance, positioning him to lead CAHEC's syndication efforts effectively. The organization anticipates continued momentum and success in 2026 with Stone's leadership of the Syndications team.
