BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank on Tuesday announced Allison Johnston has joined the Regions Affordable Housing division as vice president and relationship manager.
Johnston will lead the origination of affordable housing opportunities in key Southeastern growth markets, including cities across Florida, Tennessee and Kentucky. Through low-income housing tax credits (LIHTCs), comprehensive financial solutions, and a holistic suite of additional options, Johnston and colleagues will meet the financial needs of affordable housing developers seeking to bring new or renovated properties to the market. She will report to David Payne, co-head of Originations for Regions Affordable Housing.
“The markets Allison will serve, including cities like Orlando, Nashville, Louisville, Tampa and Miami continue to benefit from strong employment opportunities, new investments and overall economic growth,” Payne said. “And with that growth comes the urgent need to ensure people have greater access to safe, secure and affordable housing opportunities. In many ways, having more affordable housing has never been more important than it is right now. Allison knows this, and she’s already building solid relationships that will ultimately lead to new options for clients, individuals and families across her markets.”
Johnston brings over 10 years of financial services and affordable housing experience to Regions. Most recently, she worked at Raymond James Affordable Housing Investments, where she oversaw the Capital Funding team in the Asset Management department. Previously, she served Regal Point Capital and Benchmark International.
Johnston earned a Bachelor of Science with a focus in Finance from the University of Central Florida.
“Affordable housing can be the difference between crisis and stability in many people’s lives,” Johnston said. “Regions’ relationship-based approach to client service is a big part of why developers continue to turn to Regions for financial support to help people have a safe, affordable place to call home. I’m honored to join the dedicated team at Regions Affordable Housing, and I look forward to working with our clients who have a strong history of helping expand access to affordable housing.”
Regions Affordable Housing LLC is a national LIHTC investor, syndication firm, and leader in affordable housing. Katie Such was recently named head of the division. Regions Bank is one of the nation’s largest participants in affordable housing finance through the LIHTC program, providing comprehensive real estate banking and capital markets services to meet the debt and equity capital needs of developers and investors. Regions Bank is also a Fannie Mae DUS MAH Lender, HUD/FHA Affordable Lender, and Freddie Mac Optigo TAH lender.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $155 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
