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2018-19 Housing Leadership Council Board of Directors- John “Jack” Weir

John  F. “Jack”  Weir is the Principal and  President  of Eastwind  Development,  LLC. Eastwind,  based in Palm Beach Gardens, Florida, was founded  in 2007 and focuses on the  development  of multifamily  rental  housing  in  Florida  and  the  Southeast  U.S. Eastwind   has  developed   conventional   market,   independent  senior,   workforce  and affordable  rental  residential   communities.    Eastwind  has  completed   five  residential rental  conununities in Palm  Beach  County  and  a total of thirteen multifamily rental developments  over  the  last  five years.    It presently  has  one  new  community under construction in South  Florida, and is about  to start two new  communities in Central Florida.   At the present  time, Eastwind  is primarily  focused on  the development of conventional  market,  independent  senior  and workforce  residential  communities,  and it also has the capability to do mixed-use  projects with commercial  partners.

Prior  to  starting   Eastwind,  Weir  was  Senior  Vice  President   of  Creative   Choice Homes,   Inc.,  based  in  Palm  Beach  Gardens,   Florida,  from  1994-2007.  Mr.  Weir served  as  chief operating  officer for the company,  was  responsible   for all  strategic initiatives   and   project   financing,   and   oversaw   all   acquisition   and   development activities.   He was directly responsible  for the  financing,  closing  and development  of over  40 multifamily  projects  involving  over  6,000  multifamily  units  in  Florida  and five  other  states,  as  well  as  multiple  additional   closings  and  financings.     He  also arranged   a  joint   venture   with   Lincoln   Property   Management    Company   for  the management   of  Creative  Choice’s  Florida  portfolio  of approximately 25  affordable and market multifamily properties.

He  has  extensive   experience   in  arranging construction,   permanent,   mezzanine   loan and equity  financing  from a wide range of banking,  insurance  and institutional  capital sources  for conventional  properties.    On the affordable side, he is well-versed  in the intricacies   of  the   housing   tax   credit   program,   has   extensive    experience    with multifamily tax-exempt bond and credit enhancement programs,  as well as all major federal, state and local public loan programs.

Mr.  Weir previously  founded and led Local  Initiatives Managed  Assets  Corporation (LIMAC),  one  of the  first  firms  to  securitize  long-term  fixed  rate  mortgages  for multifamily  properties.     LIMAC  was  based  in  New  York  and  was  the  secondary market affiliate of Local Initiatives  Support  Corporation (LISC), and is now known  as Community   Development Trust.    Prior to  his  involvement  in housing  finance,  Mr. Weir was a corporate  and securities attorney with the firm of Debevoise  and Plimpton in New York City.   He is a graduate  of Harvard  Law School,  attended  the  University of St. Andrews  in  Scotland  on a Rotary  Fellowship,  and  received  a B.A.  in  History from  the  University  of  Scranton.    He has been  admitted  to  the  bar  in  Florida,  New York and New  Jersey.   Mr.  Weir is  presently  a member  of the Board  of Directors of the  Housing  Leadership   Council  of Palm  Beach  County,  the  Palm  Beach  County Workforce  Housing   Steering  Committee,   and  was  recently  Chairman  of the  West Palm  Beach  Affordable  Housing   Advisory   Committee.  He  was  a  member   of the Board of Directors of the  Florida Coalition  of Affordable  Housing  Providers  (CAHP) from 2011-2015.

 

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