The BLVD Group Enhances Affordable Housing Strategy with New Acquisitions Lead

The BLVD Group Enhances Their Affordable Housing Strategy

The BLVD Group, a prominent name in multifamily investment and development, has made strides in the housing sector with the recent appointment of Estelle Chan as their Director of Acquisitions. Aimed at strengthening their presence in the affordable housing market, this strategic move positions the group for extensive growth and impact across the nation.

Estelle Chan Joins as Director of Acquisitions

Based in the firm's Los Angeles office, Chan will take the helm in overseeing affordable housing acquisitions at BLVD. This includes managing the sourcing and execution processes for project-based Section 8 investments and Low-Income Housing Tax Credit (LIHTC) developments. Having served in various critical roles over the past 15 years, she brings invaluable expertise, particularly in affordable housing and LIHTC transactions.

Before joining BLVD, Chan was the Senior Director of Development at Fairstead, where she oversaw the acquisition and development of an impressive portfolio comprising over 3,000 affordable apartments, totaling more than $600 million in transaction volume. Her background is notable for its focus; she has spent the vast majority of her career devoted exclusively to affordable housing—a testament to her commitment and expertise in this vital area.

Rob Budman, Managing Principal at BLVD, praised Chan's impressive track record, emphasizing her deep understanding of affordable housing complexities. “Estelle brings a proven track record and deep expertise in affordable housing that makes her an exceptional addition to our team,” Budman stated. This belief reinforces her role as a vital player in BLVD's strategy to enhance their affordable housing portfolio throughout the U.S.

A Journey Through Affordable Housing

Chan's career in the field began with roles that enabled her to work on various affordable and mixed-income housing projects. Notably, during her tenure at Omni New York, she contributed significantly to developments in both New York and New Jersey. Additionally, her foundational work at Singapore's JTC Corporation as an AICP-certified planner has further nuanced her approach to real estate.

Her contributions have not gone unnoticed, culminating in her recognition by Affordable Housing Finance as a member of its national class of Young Leaders in 2025. Such accolades underline Chan's commitment to the affordable housing sector and her capacity to lead impactful projects.