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Regions Affordable Housing Names Jason Kaye as Senior Vice President and Relationship Manager
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Regions Bank has appointed Jason Kaye as senior vice president and relationship manager in its Affordable Housing division, focusing on affordable housing transactions in Florida, Tennessee, Indiana, Kentucky, and Ohio. Kaye brings over 13 years of experience, previously serving at Bank of America, where he managed affordable housing debt and equity opportunities. His leadership is expected to enhance affordable housing initiatives in high-demand markets. Regions Financial Corporation, listed under ticker RF, holds $156 billion in assets and is a significant player in affordable housing finance.
Positive
Appointment of experienced Jason Kaye to lead affordable housing transactions.
Kaye's background includes senior vice president role at Bank of America, enhancing credibility.
Focus on high-growth markets where affordable housing demand is critical.
Negative
None.
Kaye to lead sourcing and originating of affordable housing transactions in portions of the Southeast and Midwest.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
Regions Bank today announced Jason Kaye has joined the bank’s Affordable Housing division and will serve as senior vice president and relationship manager leading Regions’ sourcing and originating of affordable housing transactions in Florida, Tennessee, Indiana, Kentucky and Ohio.
Jason Kaye, Senior Vice President and Relationship Manager (Photo: Business Wire)
Kaye brings more than 13 years of experience to the role. Previously at Bank of America, Kaye served as senior vice president of community development banking; there, he led the origination and structuring of affordable housing debt and equity opportunities. Kaye began his career with the New York City Economic Development Corporation and worked on New York Mayor Michael Bloomberg’s “South Bronx Initiative” to redevelop and revitalize the South Bronx.
“We are consistently focused at Regions on building the best team because we know the best team delivers the best service and makes the greatest impact. Adding Jason’s experience and passion for affordable housing positions Regions Bank to make an even greater difference in facilitating affordable housing opportunities across our communities,” said David Payne, co-head of Originations for Regions Affordable Housing. “Jason will serve several important markets, including high-growth areas where housing is in great demand and the need for more affordable housing is clear. His experience and insights will make a tremendous difference.”
Kaye holds a Bachelor of Arts in Political Science from Binghamton University, a Master of Regional Planning with a focus on Economic Development from Cornell University, and a Master of Science in Real Estate Finance from New York University. He also holds Series 7, 52, and 63 licenses and serves on the Board of Directors of Catalyst Miami.
Regions Affordable Housing LLC is a national Low-Income Housing Tax Credit (LIHTC) investor, syndication firm, and leader in affordable housing. Regions Bank is one of the nation’s largest participants in affordable housing finance through the LIHTC program, providing comprehensive real estate banking and capital markets services to meet the debt and equity capital needs of developers and investors. Regions Bank is also a Fannie Mae DUS Multifamily Affordable Lender, HUD/FHA Affordable Lender, and Freddie Mac Targeted Affordable Housing lender.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $156 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and approximately 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
Who is Jason Kaye and what is his role at Regions Bank?
Jason Kaye is the new senior vice president and relationship manager in the Affordable Housing division at Regions Bank, focusing on sourcing affordable housing transactions.
What areas will Jason Kaye focus on for affordable housing?
Kaye will focus on affordable housing transactions in Florida, Tennessee, Indiana, Kentucky, and Ohio.
What experience does Jason Kaye bring to Regions Bank?
Kaye has over 13 years of experience, having previously served as a senior vice president at Bank of America in community development banking.
What is the significance of affordable housing for Regions Financial Corporation?
Affordable housing is a key focus for Regions Financial Corporation, which is heavily involved in financing through the Low-Income Housing Tax Credit program.
What are the assets of Regions Financial Corporation?
Regions Financial Corporation has $156 billion in assets.
