Multifamily expert has a proven track record overseeing LIHTC equity and seniors housing businesses
Freddie Mac Multifamily has chosen Peter Lillestolen (pictured) to lead its targeted affordable housing (TAH) business as vice president of production and sales.
In this new position, Lillestolen will oversee low-income housing tax credit (LIHTC) equity, conventional and TAH structured transactions, as well as seniors housing.
Steve Johnson, senior vice president for Freddie Mac Multifamily's production and sales, described Lillestolen as a "strong, innovative leader, ready to meet the challenges of Multifamily's mission-critical businesses."
Lillestolen has been with Freddie Mac since 2011, serving in various leadership roles in the multifamily division. He most recently led the LIHTC equity and seniors housing units as senior production director while serving as a co-lead for TAH. Prior to that, Lillestolen was director of multifamily capital markets at the GSE.
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"Peter has a proven ability to make strategic, forward-looking decisions and to meet and anticipate the evolving needs of the affordable market," Johnson said in a release. "We are grateful for his steady leadership and his drive and passion for Multifamily."
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