Payne brings over 20 years of industry experience to lead teams helping clients create and expand access to affordable housing
Regions Bank on Thursday announced David Payne has been elevated to Head of Originations for Regions Affordable Housing.
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Regions Affordable Housing Head of Originations David Payne
In this role, Payne will oversee all affordable housing originations by relationship managers supporting developers in many key growth markets across the country. Through low-income housing tax credits (LIHTCs), comprehensive financial solutions, and a holistic suite of additional banking options, Payne will provide business development and leadership to the group. He has 23 years of industry experience in affordable housing and will leverage that work to guide the Originations team to deepen support with developers. Payne will report directly to Katie Such, Head of Regions Affordable Housing.
"Regions Affordable Housing is uniquely positioned to provide financial services and solutions clients need to expand affordable housing access and strengthen our communities for the long-term," Such said. "David Payne is an advocate for affordable housing, an intentional collaborator and a respected industry leader. We look forward to his work helping current clients grow and welcoming future clients to experience the Regions approach to affordable housing."
Payne previously served as co-head of Originations for Regions Affordable Housing and led the bank's work in sourcing and originating transactions across the Southeast. He served as a relationship manager and credit underwriter before that. Additionally, Payne has leadership experience with various state-level affordable housing trade groups over the years.
"Regions Affordable Housing has skilled bankers with deep industry experience in affordable housing finance, and it is a real honor to lead the Originations team into the future," Payne said. "At a time when affordable housing is critically needed to support continued economic growth, Regions can make a difference in helping developer clients and community leaders with the resources to create safe and affordable housing options for residents. The result is stronger communities and improved quality of life for the long term."
Regions Bank, through Regions Affordable Housing LLC, is a national leader in affordable housing. Through the LIHTC program, Regions is one of the nation's largest participants in affordable housing finance, 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 $160 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.
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Media Contact:
Jennifer Elmore
Regions Bank
Regions News Online: regions.doingmoretoday.com
Regions Media Line: 205-264-4551