Neighborhood Housing Services of Chicago, Inc. Names Kristin Faust as New President

CHICAGO, Sept. 16, 2014 /PRNewswire-USNewswire/ -- Kristin Faust has been appointed President of Neighborhood Housing Services of Chicago, Inc. (NHS), the organization's Board of Directors announced today. Ms. Faust was selected from a national pool of highly qualified candidates and joins NHS with more than 25 years of experience in community development finance serving the private, public, and non-profit sectors.  She will begin her role in October.

Ms. Faust had previously served as Director of Lending & Network Services at Partners for the Common Good, based in Washington D.C. Before her time in DC, Ms. Faust served as president of the Enterprise Community Loan Fund. As Chief Deputy Treasurer for California State Treasurer Philip Angelides, she led efforts regarding statewide Low Income Housing Tax Credit (LIHTC) transactions. Prior to working on either coast, Ms. Faust spent fifteen years in community development banking in Chicago, progressively rising to the executive level as Senior Vice President for Community Development at LaSalle Bank. 

"Having known Kristin for a number of years, I can confidently say that she is a terrific choice to lead NHS as its new president," said Norman Bobins, Non-Executive Chairman of The PrivateBank and Trust Company. "Throughout her career, Kristin has consistently demonstrated her commitment to community development and to fair and affordable housing. Chicago is fortunate to have her back."

Ms. Faust's previous work in Chicago earned her a number of accolades, including - Crain's Chicago Business Forty Under 40, Leadership Greater Chicago – Class of 1993,  and Mayor's Fellow (City of Chicago). She is a current Board Member of NeighborWorks Capital, Neighborhood Lending Services and the Maryland Department of Housing and Community Development's Loan Committee.

"Kristin has been a pioneer and innovator her entire career," said Jeannine Jacokes, CEO of Partners for the Common Good. "She has been instrumental in growing PCG's national loan participation network with her tremendous lending expertise and strong commitment to mission. NHS is a great organization, and is fortunate to have Kristin at the helm."

Ms. Faust is a graduate of Harvard University, where she obtained a Masters in City and Regional Planning and Brown University, where she holds a Bachelor of Arts in Political Science and Philosophy.

About NHS of Chicago

NHS of Chicago is a nonprofit organization working in partnership with businesses, government, and neighborhood residents to revitalize Chicago's neighborhoods. Since 1975, NHS has helped nearly 158,000 Chicagoans buy, fix, or keep their homes, rehabbed nearly 25,000 homes, and created more than 2,600 new homeowners. We have loaned and leveraged more than $1 billion in investments in Chicago's communities. NHS offers a variety of loan products, as well as free education and counseling on homeownership

Contact: Kevin Wilson
773-329-4133
[email protected]

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SOURCE Neighborhood Housing Services of Chicago, Inc. (NHS)