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 according to President and CEO Dana Boole. Stone's responsibilities include furthering Syndications' vision and performance to enhance CAHEC's strategic competitive advantage.
Stone brings more than 25 years of experience in Low-Income Housing Tax Credit (LIHTC) equity, credit, and asset management to his new role. 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 needs. Under his leadership, CREA closed more than $1.3 billion annually in LIHTC equity investments.
Prior to his role at CREA, Stone spent over a decade at Fannie Mae from 2009 to 2021, holding two senior leadership positions. 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.
Boole highlighted Stone's growth mindset, coaching abilities, investor intuition, and excellence around credit and portfolio performance as valuable additions to CAHEC's team. With Stone's appointment, CAHEC anticipates continued momentum and success as it embarks on 2026 operations.
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 signals CAHEC's commitment to strengthening its syndication capabilities at a time when affordable housing remains a critical national priority. Stone's experience with major financial institutions and his track record of managing billion-dollar LIHTC portfolios positions CAHEC to potentially expand its impact in affordable housing development. For business and technology leaders, this executive appointment demonstrates how specialized financial expertise in tax credit markets can drive community development initiatives while creating sustainable investment opportunities.
