Team and Governance

Officers and Board of Governors

AHIC’s Governors set the vision and direction for the organization and are elected by the membership at the annual business meeting.

Any member of AHIC may nominate him/herself or other members for the Board by contacting Jennifer Seamons, chair of the Nominating Committee, at The Board of Governors selects AHIC’s officers.

Catherine Cawthon, Fifth Third Community Development Corp.



Catherine Cawthon is President of Fifth Third Community Development Corporation. The Fifth Third CDC invests in low-income housing and historic and new market tax credit projects that support community revitalization. They invest primarily in Ohio, Indiana, Kentucky, Michigan, Illinois, Georgia, Florida, North Carolina, Tennessee and West Virginia. Since its inception, Fifth Third CDC has invested over $3 billion in more than four hundred and fifty projects. Catherine is responsible for the management of all CRA investments for the Bank.

Catherine has served on boards including United Way, Local Initiatives Support Corporation and the Ohio Community Development Finance Fund. Currently, Catherine serves on the Ohio Housing Finance Agency, Ohio Housing Council, Cinnaire, Council for Rural Housing in Ohio’s Advisory Board and Chairs the Joint Columbus and Franklin County Housing Advisory Board.

Catherine graduated from Illinois State University and earned an MBA from Indiana Wesleyan University.

Jennifer Seamons, KeyBank

Vice President


Jennifer Seamons is Senior Vice President and National Equity Sales Manager of Key Community Development Corporation for KeyBank. In this position, she is responsible for leading acquisition efforts of low income housing tax credits, new markets tax credits and historic tax credits through both direct investment as well as syndicator platforms throughout KeyCorp’s 15 state footprint to support Key’s Community Reinvestment Act investment efforts.

Jennifer joined KeyBank in 2000 and her background in banking includes experience in branch operations, commercial underwriting, along with community development lending. She brings financial expertise, counsel, and customized solutions to help organizations reach their complex goals. Jennifer has a BBA in Accounting and Finance from Boise State University and a Master’s Degree in Accounting at Boise State University.

Jennifer’s passion and commitment to her community are evident in her active participation in her community. She serves as the President of the Idaho-Nevada Community Development Financial Institution, Inc. Board of Directors and a Board Member of the Boise State Alumni Association, and she is a former Co-Chair of AHIC's Program Committee.

Michael T. Loose, Wells Fargo



Michael is a Senior Vice President in Wells Fargo Bank’s Community Lending & Investment group, and he has managed the asset management team for the tax credit equity investment group since 2007. From 2002 until 2007, Michael was a senior asset manager on the team.

The Wells Fargo asset management team manages a portfolio of approximately $15 billion of equity invested in 1,300 direct and fund investments. The team is involved throughout the lifecycle of each transaction, including construction due diligence for all deals, monitoring construction progress, approving equity fundings, analyzing financial performance and tax compliance, analyzing permanent loan conversions and requests for changes to partnerships, and negotiating dispositions.

Before joining the tax credit team, Michael worked for 9 years in finance, accounting, and audit roles for Coopers & Lybrand (now PricewaterhouseCoopers), Wachovia Bank, and Bank of America.

He holds a Bachelor of Arts degree from Duke University and a Master of Accounting degree from the University of North Carolina at Chapel Hill.

Douglas S. Lloyd, J.P. Morgan



Doug Lloyd has been involved in the LIHTC and tax exempt bond industries for 15 years and is currently the underwriting manager for J.P. Morgan’s Single Investor Fund group. Prior to J.P. Morgan, he was a loan officer with the Massachusetts Housing Finance Agency and an urban planning consultant with two large law firms and two planning firms in Chicago and Boston. His background includes a M.S. in Real Estate Development from MIT, a M.Arch and M.C.R.P. from Iowa State University, a B.A. (economics) from the College of the Holy Cross, and an enrolled agent tax practitioner license from the IRS.

Brian Coffee, Regions Bank



Brian Coffee is manager of Regions Bank’s Tax Credit Finance Department. The Department originates and services all tax credit investments for the bank, as well as originating and servicing all related construction debt. The department has originated over $2.5 Billion in tax credit investments (primarily LIHTC) and $2.0 Billion in construction loans since 1996.

Mr. Coffee has been employed with Regions Bank, and its predecessor bank, AmSouth, since 1994. He previously worked with Barnett Banks in Florida and NCNB in Texas. He has served as a relationship manager, finance manager, credit officer and segment manager. Mr. Coffee also has a designation as a Certified Cash Manager. He has an undergraduate degree from Boston University, graduating Magna Cum Laude, and an MBA from the University of Texas.

Adam Galowitz, State Street Bank and Trust Company



Adam is a Managing Director at State Street Bank and Trust Company where he oversees their investments in all federal and state credits, including more than $1 billion of equity in 52 housing credit funds. Prior to joining the bank, he founded Hesper, a private consulting firm providing services for mixed‐use redevelopments, multifamily properties, and institutional portfolio managers, and worked at Recap Advisors and Boston Financial. He is a member of the Cornell Real Estate Council, serves on the Board of Governors of the Affordable Housing Investors Council, and is co-chair of AHIC’s Acquisitions and Underwriting Committee.

Gilbert Gerst, BOK Financial



Gilbert Gerst is Senior Vice President, Manager of Community Development Banking for BOK Financial (BOKF).

Gilbert joined BOKF in June 2011 after 25+ years with JPMorgan Chase. He has corporate wide responsibility for the bank’s community development lending and investment activities and is a key partner in the bank’s CRA compliance and examination process. An accountant by trade, Gilbert has spent the majority of his banking career positively impacting low to moderate income individuals and communities.

Gilbert holds a Bachelors of Science from The University of North Texas and a Masters Degree from the University of Texas at Arlington. He currently serves as Board Chairman of the Dallas Black Dance Theater, Transformance, Inc., Tulsa Economic Development Corporation, and the Dallas Development Fund. Other board membership includes the AT&T Performing Arts Center; Work Force Solutions of Greater Dallas; The Real Estate Council Foundation; Dallas Area Habitat for Humanity; and the Chairman’s Taskforce for the State Fair of Texas.

Linda Hill, Aegon Asset Management



Linda Hill first joined Aegon in 2004 and again in April of 2015. Linda is a Vice President and Head of Acquisitions & Underwriting for Community Investments. In her role as Vice President, Linda is responsible for leading the Community Investments Acquisitions group which manages the analysis, underwriting, negotiation, documentation and closing of tax credit investments nationally. Prior to her current role, Linda served as a Senior Vice President for four years at a privately owned tax credit syndicator based out of Woodland Hills, CA. Linda’s primary responsibility was the origination of tax credit investments where she managed a team of eight originators. Linda’s previous experience at Aegon (from 2004-2011) included leadership roles within the Community Investments Asset Management and Acquisitions groups. Linda received her BA in Economics from Assumption College.

Wendy Jacquemin, City National Bank



Wendy Jacquemin is a Vice President and CRA officer for City National Bank. Headquartered in Los Angeles, California, City National Bank offers a full complement of banking, trust and investment services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. Its 3,600 colleagues deliver highly personal service and complete financial solutions to entrepreneurs, professionals, their businesses and their families.

As a member of the bank’s Community Reinvestment Team, Wendy manages the bank’s CRA investments, coordinates community development lending compliance, and is directly involved in the regulatory CRA examination process. She also manages the bank’s participation in the Federal Home Loan Bank’s Affordable Housing Program (AHP), which provides gap financing for affordable housing development. Wendy’s community activities include serving on the Los Angeles Local Initiative Support Corporation (LISC) Advisory Council, the Southern California Business Development Corporation Board, the Wattstar Cinema and Education Advisory Board and chairing a committee for the FDIC’s Alliance for Economic Inclusion (AEI). She also serves on the Board of Governors for the Affordable Housing Investors Council and most recently joined the Board of Merritt Community Capital Corporation, California’s premier nonprofit low-income housing tax credit syndicator.

Wendy’s career in banking has spanned the last twenty-five years including Finance and Community Reinvestment. She has held positions at Manufacturers Bank and East West Bank, Southern California based business banks, prior to joining City National in 1998. She earned her bachelor’s degree from the University of Idaho, Moscow, Idaho, and did postgraduate studies at California State University, Los Angeles, in economics and education.

Susan Kessler, Bank of America



Susan Kessler is a Senior Vice President and Team Leader for the Indirect Tax Credit Equity Investments for the Low Income Housing Tax Credit Group at Bank of America. With her team of two Asset Managers and two Portfolio Managers, she is responsible for managing the Bank’s Indirect Low Income Housing Portfolio of approximately $6.0 Billion in Indirect Real Estate Tax Credit Investments. Susan and her Team are responsible for overseeing the operational performance of the Assets from construction/lease-up, stabilization, and through disposition. She is also responsible for Low Income Tax Credit Reporting.

Susan has been with the Bank and its predecessors for 16 years. Prior to joining the Bank, Susan was with Morgan Guaranty Trust Company for 19 years in various positions. Susan graduated from SUNY @ Buffalo with a BS with a concentration in Business Administration. She is also on the Program Committee and Heads up a Disposition Committee for AHIC.

Vihar Sheth, U.S. Bancorp CDC



Vihar Sheth is the director of business development for affordable housing investments at USBCDC, managing a team of eleven professionals responsible for the origination of LIHTC projects. Vihar joined USBCDC in 2003 and spent his first four years as a project manager underwriting and closing affordable housing transactions. In 2008, he became a business development officer and was responsible for the origination of LIHTC investments in a seven-state region, primarily in the upper Midwest. In 2013, Vihar became the director of business development. Prior to joining USBCDC, Vihar worked in the financial services industry and for an urban redevelopment nonprofit. He holds an MBA from Washington University in St. Louis and a BS in industrial engineering and management sciences from Northwestern University. He is a board member of the Tower Grove Neighborhoods Community Development Corporation and an active member of the low-income housing tax credit community.

Carly Wiltshire, Nationwide Insurance



Carly Wiltshire is the Head of Originations for Nationwide Investment’s tax advantaged investments asset class. Carly leads a team that has sourced, underwritten and closed approximately $3 Billion in equity for the Nationwide enterprise, and an assortment of third party investors. Since joining Nationwide Investments in 2003, Carly has held a variety of roles including the Head of Portfolio Management. Working with tax credit deals in different stages of their life cycle has allowed Carly to gain a thorough understanding of the issues that affect all aspects of the tax credit industry. In her role, she has had the opportunity to manage professional relationships with syndicators, investors, auditors and various functional groups within Nationwide.

Prior to joining Nationwide Investments, Carly worked in Nationwide’s International Division, PanEuroLife. She earned her bachelor’s degree in Accounting from Franklin University.

Before her election to the Board, Carly served as AHIC's Treasurer for three years.

Julie Hertzog, Affordable Housing Investors Council

Executive Director


Julie Hertzog is the Executive Director of the Affordable Housing Investors Council. Prior to joining AHIC in 2011, she was Chief Operating Officer for Structured Employment Economic Development Corporation (Seedco); Amnesty International of the USA; and The After-School Corporation (TASC). She also served as Program Director for the New York City office of the Local Initiatives Support Corporation (LISC) and Vice President of the New York Equity Fund, overseeing $100 million in annual investments in community development projects and the asset management of over $850 million in investments in affordable housing.

Julie has served on the boards of the Center for Urban Pedagogy and the Bloomingdale Family Program. She received a BA in Government from Smith College and earned an MBA from Columbia University School of Business.