Timothy F.X. Henzy
Timothy Henzy is a Principal/Owner of Smith & Henzy Advisory Group. Prior to establishing Smith & Henzy, he worked for eight years as Managing Director of Rockabill Advisors LLC, which also provides affordable housing consulting services.
Over the last eight years, Tim has developed or preserved over 4,000 affordable housing units in New York State. These developments together total $174 million in tax credit equity, $211 million in construction and $300 million in tax exempt bond financing.
Prior to joining Rockabill, Tim served as Vice President of Acquisitions for Alliant Asset Management Company. Alliant is a Low Income Housing Tax Credit Syndication firm. While with Alliant, Tim was responsible for investments in affordable housing projects in the states of New York, Wisconsin and Ohio.
Prior to Alliant, Tim was the Executive Vice President of Development, Finance and Management for a New York based developer of affordable housing. There he was responsible for coordinating the acquisition, financing, construction and management of the firm’s portfolio of over 2,000 units of affordable apartments. Tim also spent two years working with another private development firm specializing in luxury residential housing, office, commercial and retail development on Long Island and New York City.
Tim’s affordable housing career began in municipal government in Massachusetts. From 1994 until 1998, he administered Community Development Block Grant and HOME funds in the Towns of Weymouth and Ayer Massachusetts.
Tim holds a Bachelor of Arts degree from Providence College and a Master of Regional Planning degree from the University of Massachusetts at Amherst.
Darren Smith is a Principal/Owner of Smith & Henzy Advisory Group. Mr. Smith graduated summa cum laude from Baruch College with a major in Finance & Investment and a minor in Political Science.
He worked in Citi’s Municipal Securities Division for over seven years specializing in community reinvestment related businesses. He traded multifamily revenue bonds for Citi for two years and originated tax credit deals as a banker of Citi Community Capital for five years.
Darren has closed over $1 billion of 9%, 4%, 80/20 and Freddie/Fannie tax credit financing in New York, New Jersey, Chicago, Washington D.C., Florida, Texas and California. Darren has successfully applied for and won the following RFAs in Florida: City of Miami HOME, Miami-Dade County HOME, Miami-Dade County Surtax, Florida Housing Finance Corporation (“FHFC”) HOME, FHFC SAIL, FHFC 9% tax credits for homeless projects, Palm Beach County SHIP.
Additionally, he has started two successful non-profits and is currently on the board of MOVE, Inc., a college preparatory program that he co-founded. He has both the FINRA series 7 and 63 licenses.
Hannah Cedermark is the Director of Development at Smith & Henzy Advisory Group. Prior to joining S & H, Hannah worked at New York City’s Department of Housing Preservation and Development (“HPD”) for five (5) years.
While at HPD, Hannah managed and directed two affordable housing programs designed to dispose and finance City-owned and recently foreclosed distressed properties to facilitate their rehabilitation and preservation as affordable housing. In overseeing these programs, Hannah collaborated and navigated relationships with tenants, tenant organizers and advocates, not-for-profit and for-profit developers, consultants, contractors, private lenders and public officials.
Over the last five (5) years, Hannah preserved over 1,500 affordable housing units in New York City. The developments were financed with private debt and equity, tax-exempt bonds, tax credit equity and federal HOME funds.
Prior to HPD, Hannah was a Housing Fellow working with HPD and the New York City Housing Development Corporation. While in graduate school, Hannah worked with the Massachusetts Department of Housing and Community Development and local Public Housing Authorities to analyze the impact of federal policy reforms.
Hannah holds a Bachelor of Arts from New York University and a Master in City Planning from the Massachusetts Institute of Technology.
Erin Schlitts is a Senior Project Manager at Smith & Henzy Advisory Group. Prior to joining S&H, Erin worked for four years as a Project Manager for two different Los Angeles area nonprofit affordable housing developers.
While with Community Corporation of Santa Monica (CCSM), a nonprofit that develops affordable housing for families in Santa Monica, CA, Erin coordinated the acquisition of new sites, secured the financing necessary to bring projects to fruition, directed entitlement and land use approval processes, and managed project design and construction. Erin played a key role in negotiating an innovative partnership with the developers of a market-rate project that resulted in Santa Monica’s largest affordable housing development in several years.
Prior to joining CCSM, Erin worked for Clifford Beers Housing (CBH), a Southern California provider of permanent supportive housing. During her time at CBH, Erin worked with a diversity of financing sources, including 4% and 9% Low Income Housing Tax Credits, Tax-Exempt Bonds, Project-Based Section 8, subsidy from the Los Angeles County Department of Health Services, the Federal Home Loan Bank’s Affordable Housing Program, and more. Erin gained experience working on rehabilitation, adaptive re-use, and new construction projects from the early stages of due diligence to construction completion.
Erin holds a Masters degree in Urban Planning from the Luskin School of Public Affairs at UCLA and a Bachelors degree from the University of Michigan.
Richard (“Rick”) Crogan is the Director of Finance at Smith & Henzy Advisory Group. Prior to joining S & H, Rick worked at Seltzer Management Group, Inc. (“SMG”) for seventeen (17) years.
While at SMG, Rick was responsible Affordable Housing credit underwriting related to loan and grant requests through Florida Housing Finance Corporation (“FHFC”) and various County and municipalities throughout the State of Florida. Responsibilities also included validation of applicant compliance with all applicable loan and grant requirements of State Apartment Imitative Loan (“SAIL”), Home Investment Partnership Loan (“HOME”), Low Income Housing Tax Credit (“LIHTC”), Multifamily Revenue Bond programs and other financing programs offered through the FHFC Request for Application (“RFA”) process. Rick ensured Federal, State, and Local building codes were adhered to including Fair Housing Act, Americans with Disabilities Act, Low Income Housing Tax Credit Section 42 IRS Tax Code, and County/State Building Code. Richard also assisted with management oversight and training of the credit underwriting staff and overall department responsibilities.
Prior to joining SMG, Rick worked for the Student Loan Marketing Association (“Sallie Mae”) for seventeen (17) years in various financial related positions. Rick ended his career with Sallie Mae as Director/Controller overseeing financial operations of the Panama City, FL loan processing and operations center, servicing over 1.5 million student loan accounts with over 1,000 employees. Rick oversaw a $50 million operating budget and finance staff of 120 employees in six functional areas.
Rick holds a Bachelor of Science Degree in Accounting from King’s College
Celia Gunn-Zaboli is a Program Manager at Smith & Henzy Advisory Group. Prior to joining S&H, Celia spent seven years working in affordable housing development in Georgia and throughout the South East.
For the two years immediately prior to joining S&H, Celia worked as a Development Analyst and then a Development Officer at The Michaels Development Company, where she first assisted with and then led affordable housing developments in Georgia, Mississippi and South Carolina. During her time at Michaels, Celia coordinated and maintained relationships with investors, lenders, housing finance agencies, housing authorities, local stakeholders and statewide industry groups.
Prior to joining Michaels, Celia began her career as an administrative assistant at Potemkin Magita Development, a small but long-established affordable housing developer based in Georgia. Over the next five years with Potemkin, Celia grew her role from a primarily asset- and office management base to directly overseeing development on numerous projects at every stage.
Celia holds a bachelor’s degree in Multidisciplinary Studies in Theatre and Film from the University of Oklahoma.
Michael Henzy is a Construction Manager at Smith & Henzy Advisory Group.
A graduate of College of Charleston with a degree in Business Administration and a minor in Urban Studies Michael is currently attending Florida Atlantic University pursuing a Master of Urban and Regional Planning. Michael previously worked for McDonough Brothers Construction for five years completing a number of residential and commercial projects on Long Island, New York. In the Summer of 2018, Michael worked with MDG Design & Construction, LLC assisting with project planning for the renovation of a 1,088 unit New York City Housing Authority project in the Bronx.