CAHEC Appoints Ed Stone as Senior Vice President of Syndications

CAHEC has appointed Ed Stone as Senior Vice President of Syndications, effective January 12, 2026. Stone will provide leadership for the Syndications team, strengthening CAHEC's position in the industry. Dana Boole, President & CEO of CAHEC, stated that Stone is responsible for furthering Syndications' vision and performance to enhance strategic competitive advantage. Boole highlighted Stone's growth mindset, coaching abilities, investor intuition, and excellence around credit and portfolio performance as outstanding 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. 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 CREA, Stone spent over a decade at Fannie Mae from 2009 to 2021, holding two senior leadership roles. As Director of Equity and Structured Asset Management, he oversaw Fannie Mae's equity investment portfolios, including LIHTC, preferred equity, and community lending. 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 looks forward to continued momentum and success in 2026. CAHEC is a community development organization that strengthens communities by providing affordable housing and supportive service initiatives to residents in the Southeast and Mid-Atlantic regions. The organization engages in diverse product areas including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. Additionally, CAHEC 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.

The appointment of Stone represents a strategic move for CAHEC as it seeks to enhance its syndication capabilities in the competitive affordable housing finance market. With his extensive background in both credit oversight and equity investment management, Stone is positioned to help CAHEC navigate complex financial structures while maintaining strong investor relationships. His experience at both CREA and Fannie Mae provides him with unique insights into both the syndicator and investor perspectives within the LIHTC ecosystem.

Stone's track record of closing substantial annual LIHTC equity volumes at CREA demonstrates his ability to execute large-scale transactions efficiently. His focus on process improvement and staff development aligns with CAHEC's goals of operational excellence. The timing of this appointment coincides with increased attention on affordable housing solutions nationwide, making Stone's expertise particularly valuable as CAHEC expands its impact in the Southeast and Mid-Atlantic regions.