In a move to strengthen its leadership in the affordable housing sector, WNC has recently appointed Richard Price to its advisory board. This strategic decision is aimed at enhancing the company's impact on community development and addressing the pressing need for affordable housing across the nation. Richard Price, who has had a distinguished career as a former partner at Nixon Peabody LLP, brings with him a wealth of experience and expertise in navigating complex housing and community development transactions.
Throughout his career, Price has dedicated himself to advising housing authorities, developers, and investors, ensuring that transaction outcomes are beneficial for all parties involved. His contributions extend beyond transactional work, as he has also played a pivotal role in shaping housing policy. His experience as a housing advisor for various local, state, and national housing agencies, along with his tenure as a trial attorney for the U.S. Department of Housing and Urban Development (HUD), positions him as a formidable asset to WNC.
WNC, established in 1971, has raised over $20 billion in equity, significantly impacting the affordable housing landscape by creating or preserving more than 1,725 communities across 49 states. The appointment of Price is seen as a vital step in fortifying WNC's mission to increase its reach and effectiveness in providing affordable housing solutions.
In his statement regarding the new role, Price expressed his commitment to advancing discussions on how affordable housing serves not only as shelter but also as a catalyst for community growth. He expressed enthusiasm about collaborating with fellow advisors at WNC, indicating a proactive stance on ensuring that the capital raised by the company translates into meaningful change within communities.
WNC President and CEO Will Cooper, Jr. commented on Price's appointment, highlighting the invaluable insight that his leadership in policy and transaction guidance will bring to the organization. Cooper stated, 'Richard's leadership in shaping policy, and his experience guiding transactions, will be invaluable as WNC continues to expand its community impact.' This acknowledgment showcases the high expectations and confidence WNC has in Price's abilities to navigate the intricate landscape of affordable housing.
With the challenges surrounding housing affordability on the rise, the importance of informed and strategic leadership cannot be overstated. By appointing Richard Price, WNC is not only enhancing its advisory board but is also signaling its commitment to making sustainable and impactful changes in the affordable housing sector. Price’s extensive background and insights into the housing market and policy environment equip him to steer WNC toward effective strategies that respond to the needs of communities.
As the affordable housing crisis continues to evolve, organizations like WNC must adapt and innovate in their approach. Richard Price's experience and dedication to community growth will undoubtedly contribute to new initiatives that prioritize not only the development of affordable housing but also the integration of comprehensive community development strategies that foster resilience and sustainability.
For further information about WNC and its initiatives, interested parties can visit
WNC's official website. With the ongoing efforts and leadership under visionaries like Richard Price, WNC is set to further its mission in making affordable housing accessible and impactful for communities nationwide.