Robert Golden Named Chief Executive Officer of Boston Financial

Affordable Housing Industry Veteran to Lead Largest LIHTC Syndicator

BOSTON--(BUSINESS WIRE)--Boston Financial, one of the largest and most established syndicators of U.S. Low-Income Housing Tax Credits (“LIHTC”), today announced that Robert “Rob” Golden has been named Chief Executive Officer (CEO) of the firm, effective May 28^th. Mr. Golden has over 25 years of affordable housing and finance experience and will be based in Boston. As CEO, Mr. Golden will work with Boston Financial’s Leadership Team to build on the firm’s industry-leading platform and deep investor and developer relationships to create opportunities for future growth and impact. He will be responsible for overseeing all aspects of the company's operations, strategy, and performance, with a strong focus on further advancing Boston Financial’s mission of investing in affordable housing and community development. He will also join the firm’s Executive and Investment Committees.

Mr. Golden joins Boston Financial after a 19-year career at Capital One Community Finance, where he was most recently Head of Originations, responsible for leading debt and equity production efforts for the firm. In his role he developed and executed a comprehensive strategy to maximize origination volume and revenue growth and oversaw annual production of over $1.6 billion. Prior to this role, Mr. Golden was Head of Equity, Portfolio Management, and Business Analysis, and designed and developed Capital One's LIHTC investment program from inception. Over his career, he has led the investment of over $8 billion in LIHTC, resulting in the creation of thousands of affordable housing units.

“We are thrilled to welcome Rob to Boston Financial,” said Marie Reynolds, Chief Operating Officer and Chief Financial Officer, Boston Financial. “With a career that’s been focused on affordable housing, and his passion for making a positive impact on communities across the U.S., our teams and Rob share the same philosophy on innovation and impact, commitment to our communities, and dedication to our investor and developer partners. We are looking forward to having him on board and to the evolution and growth of our firm under his leadership.”

“I have spent my career working on creative solutions related to the ongoing affordable housing crisis, so I am truly honored to join the firm that I believe has been a trailblazer and the pinnacle of the affordable housing industry for over 55 years,” said Mr. Golden. “As our industry looks to new ideas and innovative approaches, I look forward to connecting with the teams to draw on their expertise and experience and work together to develop and implement strategies that deepen our current relationships, as well as expand capabilities for the wider investment community.”

Mr. Golden previously served as a Board Member of the Affordable Housing Tax Credit Coalition and as President of the Affordable Housing Investor Council (AHIC). He started his career with roles in commercial real estate and commercial banking at Wells Fargo and Bank of America. Mr. Golden holds a BBA in Finance from James Madison University and an MBA from the University of Richmond.

“Boston Financial’s leadership and employees have built a market leading business with a strong reputation for long term relationships, commitment, and industry knowledge, and Rob is a perfect complement to this high-performing team,” added Jeff Abrams, Group Head of Private Credit and Real Estate at ORIX Corporation USA, the parent company of Boston Financial. “Boston Financial is a highly successful part of the ORIX USA platform and an impactful business that is an integral part of our larger U.S. client offering. We look forward to developing further partnerships across the larger ORIX USA platform and to supporting Rob and the Leadership Team as they start this new chapter.”

About Boston Financial:

Boston Financial is one of the largest and longest-tenured Low Income Housing Tax Credits (“LIHTC”) syndicators in the country, managing a $16.1 billion portfolio comprising almost 1,800 properties. Boston Financial’s vision is to create a future where everyone has a home, one investment at a time. Boston Financial was founded in 1969 and acquired by ORIX Corporation USA in 2016.