HVPG Taps New Leadership to Capture Global Affordable Housing Investment

NEW YORK, NY – May 07, 2026 – By Amanda Clark

Hudson Valley Property Group (HVPG), a prominent national firm focused on preserving affordable housing, has announced a significant leadership overhaul designed to attract a new wave of global investment capital. The company has appointed Kristin Koch, a veteran capital raiser, as its new Managing Director and Head of Capital Raising, while also promoting key executives to strengthen its financial and investor relations capabilities.

The strategic moves, which include the creation of a new "Investor Solutions" group, signal HVPG's ambition to scale its platform aggressively. This comes at a time when institutional and sovereign investors are increasingly drawn to the U.S. affordable housing sector, viewing it as a resilient asset class that offers both stable returns and measurable social impact. Alongside Koch's appointment, the firm promoted Diana Bellizzi to Managing Director, Head of Investor Relations, and Matt Doty to Chief Financial Officer & Chief Compliance Officer.

A Rising Tide of Investor Interest

HVPG's restructuring is a direct response to a powerful shift in the investment landscape. The U.S. affordable housing market, once a niche sector, is now attracting significant attention from large-scale institutional investors. This interest is fueled by a confluence of factors, including a severe national housing crisis. According to a 2023 report from the National Low-Income Housing Coalition, the U.S. faces a staggering shortage of 7.3 million affordable rental homes, creating persistent and growing demand.

Investors are recognizing the sector's non-cyclical nature; the need for affordable housing remains constant regardless of broader economic fluctuations. Furthermore, recent federal policy changes, such as enhancements to the Low-Income Housing Tax Credit (LIHTC) program, have created more favorable conditions for private investment. This has helped transform affordable housing preservation from a fragmented, "cottage-industry effort" into what market analysts now describe as a robust, market-driven asset class.

"HVPG has built a differentiated investment platform with a clear focus, demonstrated track record and significant opportunity for continued growth," Koch stated upon her appointment. "I look forward to expanding the firm's institutional investor base by connecting capital allocators with a strategy that integrates financial performance and measurable impact."

Building an Institutional Powerhouse

To capitalize on this momentum, HVPG is building an institutional-grade infrastructure capable of managing larger, more complex capital flows. The appointment of Kristin Koch is central to this strategy. Her track record is formidable; at her previous firm, Jonathan Rose Companies, she was instrumental in raising over $1.4 billion for affordable housing strategies. Her expertise is expected to open doors to a broader global investor base, including institutional funds, sovereign wealth funds, and private wealth channels.

Koch will co-lead the newly formed Investor Solutions group alongside Diana Bellizzi, who has been with HVPG since 2019. Bellizzi's promotion to Head of Investor Relations acknowledges her success in building the firm's existing LP relationships. This unified group is designed to create a seamless experience for investors, overseeing the entire capital lifecycle from initial outreach and fundraising through due diligence, reporting, and ongoing relationship management. This integrated model, a growing trend in private equity, signals a high level of operational sophistication.

The promotion of Matt Doty to CFO and CCO further cements the firm's institutional foundation. His expanded role overseeing all financial operations, planning, and compliance is critical for a company managing increasingly complex fund structures and a sophisticated global investor base.

"As HVPG continues to scale, establishing our Investor Solutions group is an important step in building the capabilities needed to support a broader, more global investor base," said Jason Bordainick, Co-Founder and Managing Partner of HVPG. "With Kristin expanding our capital formation capabilities and Diana strengthening our trusted LP relationships, we are better positioned to meet growing demand for affordable housing preservation, focus on delivering durable long-term value for investors, and continue elevating communities across the country."

A National Strategy in Action

These leadership changes are not just about corporate structure; they are designed to fuel a tangible, nationwide growth strategy. In recent years, HVPG has aggressively expanded its footprint, moving from single-asset acquisitions to large-scale portfolio deals that accelerate its preservation mission.

This strategy was on full display in late 2024 when the firm acquired a massive 22-property portfolio, adding nearly 4,800 affordable units across Washington, Colorado, California, and Idaho. This single transaction significantly expanded HVPG's presence in the Western U.S. and brought its total portfolio to over 15,000 units at the time. The firm has since continued its expansion, entering the Massachusetts market in early 2026 with the acquisition of two properties in Boston's Dorchester neighborhood.

To date, HVPG has preserved over 18,700 units across 99 properties in 13 states, leveraging over $2 billion in investment since 2010. The company's model involves acquiring properties with existing affordability restrictions, such as those under HUD and LIHTC programs, and securing new, long-term agreements to ensure they remain affordable for decades to come.

The firm also announced promotions to support this on-the-ground execution, including Anna Perez to Director of Design & Diligence, George Dandolos to Associate Director of Construction, and Max Wofse to Asset Manager, reinforcing the teams responsible for project renovations and portfolio management.

The Dual Mission: Profit and Purpose

At the heart of HVPG's appeal to impact-focused investors is its dual mission: delivering stable financial returns while measurably improving the quality of life for residents. The company's "Community Enhancement Program" is a core part of its value proposition, going far beyond simple property management.

When HVPG acquires a property, it initiates a strategic capital improvement plan. For its newly acquired Boston properties, for example, the firm has budgeted approximately $6.4 million in renovations, averaging about $48,000 per unit. These are not merely cosmetic fixes; plans include complete kitchen and bathroom upgrades with water-saving fixtures, energy-efficient appliances, new security systems, and LED lighting. These upgrades aim to enhance resident safety, reduce utility costs, and improve sustainability.

Crucially, these physical improvements are paired with a commitment to long-term affordability and resident well-being. For the Boston properties, HVPG secured new HUD contracts that extend affordability for up to 31 years, ensuring that tenants' rent payments are capped at 30% of their annual income. Across its portfolio, the firm introduces resident services programs, sometimes in partnership with non-profits, and provides modern amenities like free Wi-Fi and credit-building opportunities through on-time rent payment reporting.

This holistic approach, which aligns with United Nations Sustainable Development Goals, demonstrates a commitment to improving the physical, financial, and social vitality of its communities. It is this synthesis of sophisticated financial strategy and tangible social impact that positions Hudson Valley Property Group to effectively deploy the new capital it seeks to attract.