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Affordable Housing & Impact Investing


Our country’s lack of affordable housing continues to grow, as home prices continue to rise, rent outpaces inflation, and new construction has slowed. It has never been more important for the leaders, lenders, nonprofits, and developers in this sector to bring together diverse talent who can contribute a variety of ideas and strategies to mitigate the housing crisis.

Simultaneously, the severity of this crisis is garnering attention. The affordable housing sector is receiving more resources than ever before, generational change in the C-suite is shifting focus, these organizations are growing rapidly, and their leaders are building the teams needed to support this growth.

Impact investors — including foundations, family offices, CRA motivated banks, and insurance companies — are taking notice as well. They also need to grow their teams to fuel market-based approaches that can contribute solutions to systems-wide social justice issues. Impact investing will unlock the broader capital markets to provide resources for battling seemingly intractable social, health, and climate issues, each of which start with where people live.

Terra Search Partners is passionate about preparing organizations and investors for expansion and opportunity. Approximately one-third of our executive searches fall within these sectors, and many of our own senior leaders have spent their careers in these areas. Other members of our team maintain strong and meaningful involvement in the world of affordable housing inside and outside of executive recruiting. Because we understand the entire ecosystem of these sectors so well, we bring a distinct advantage to our clients.

Our searches are highly targeted, expedient and deliver candidates who will be the strongest fit and make the greatest impact.

Contact us to learn more

Our Strong Connections to Affordable Housing, Impact Investment, and Community Development Finance

We are dedicated to the positive impact that affordable housing and community development can bring. Partner Greg Melanson has spent more than thirty years of his career largely in the affordable housing finance business. Managing Director Becky Regan has thirty years of experience as a lender and leader of CDFIs and creating capital market strategies for multifamily affordable housing developers. Founder Matt Slepin has also dedicated decades of his career to this area of work.

Several members of our leadership team serve on nonprofit boards of related organizations. We are both formal and informal trusted advisors to their members as they contemplate leadership succession and advancing the mission of their organizations. In addition, we participate actively in industry membership organizations, where we contribute thought leadership and convene discussions to advance the production, preservation, and policymaking around all types of affordable housing and community finance.

Our commitment to the affordable housing and community development sectors also drives us to be affiliated with key industry organizations, including:

  • Urban Land Institute Affordable Workforce Housing Product Council
  • National Housing & Rehabilitation Association
  • National Multifamily Housing Council
  • Housing Partnership Network
  • Opportunity Finance Network
  • Housing Partnership Equity Trust
  • Additional nonprofit board and committee involvement, including:
    • Boston Impact Initiative
    • New Ecology, Inc.
    • Community Health Center Capital Fund
    • MassHousing Home Ownership Advisory Committee
    • NeighborWorks Capital
    • Local Initiatives Support Corporation – DC Office Local Advisory Council
    • Manna, Inc., Washington, D.C.-based affordable housing developer

Recent Clients

Nonprofit Developer/Owners

  • Mercy Housing
    Mercy Housing Logo
  • Enterprise Community Partners
    Enterprise Community Partners Logo
  • Nevada HAND
    Nevada HAND Logo
  • Preservation of Affordable Housing
    Preservation of Affordable Housing Logo
  • Jamboree Housing
    Jamboree Housing Logo
  • LINC Housing
    LINC Housing Logo
  • DHIC
    DHIC Logo
  • Peoples’ Self Help Housing
    Peoples’ Self Help Housing Logo
  • The Community Builders
    The Community Builders Logo
  • NHS Chicago
    NHS Chicago Logo


  • Jonathan Rose Company
    Jonathan Rose Company Logo
  • Avanath Capital
    Avanath Capital Logo
  • Fairstead
    Fairstead Logo
  • Lincoln Avenue Capital
    Lincoln Avenue Capital Logo


  • Capital Impact Partners
    Capital Impact Partners Logo
  • The Low-Income Investment Fund
    The Low-Income Investment Fund Logo
  • Community Development Trust (CDT)
    Community Development Trust Logo
  • Cinnaire
    Cinnaire Logo
  • Community Housing Capital
    Community Housing Capital Logo
  • Community Preservation Corporation
    Community Preservation Corporation Logo
  • Community Reinvestment Fund
    Community Reinvestment Fund Logo

Syndicators and Other Financial Institutions

  • Berkadia – Affordable Housing
    Berkadia – Affordable Housing Logo
  • Alliant Capital
    Alliant Capital
  • National Affordable Housing Trust
    National Affordable Housing Trust Logo

Diversity, Equity, and Inclusion

Our commitment to diversity, equity and inclusion is a cornerstone of our work at Terra Search Partners, both internally for our own business and for our clients. We recognize that many of our clients in the affordable housing industry have made DEI a priority in their organizations, and our extensive professional network allows us to work with them toward that goal.

Our industry connections give us the ability to present our clients with a pool of highly qualified candidates who reflect a broad cross-section of the population. From 2015 to the present, over one-third of our placements were women and nearly 25% were diversity candidates.

Through our involvement with the organizations above and organizations that include the following, we educate ourselves, provide leadership and share what we learn.

  • Partner Bill Whitlow is a leader on NMHC’s DEI Committee.
  • Managing Director Ellen Klasson is the incoming national Chair of ULI’s Women’s Leadership Initiative.
  • Founder Matt Slepin frequently invites women and leaders of color to share their experiences on the “Leading Voices in Real Estate” podcast.

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