2020 New Member Spotlights Brad Edgar Stifel Managing Director


As a Managing Director with Stifel, Nicolaus & Co. (“Stifel”) in its Public Finance Housing Group, my primary focus is underwriting affordable multifamily housing bonds. Over the past 17 years, I have the opportunity to work closely with housing authorities, affordable housing developers, and industry professionals nationwide. I have underwritten over $6.5 billion in housing bonds utilizing various financing structures including both fixed rate and variable rate bond offerings, Fannie Mae and Freddie Mac credit-enhanced bonds, Fannie Mae tax-exempt mortgage backed securities (M- TEMS), FHA mortgage insurance, commercial bank letters of credit, short-term cash-backed bonds, and direct placements.


Founded in 1890 and incorporated in 1900, Stifel is a wholly-owned subsidiary of Stifel Financial Corp., an independent publicly traded full-service broker-dealer with a specialization in municipal


finance. For the previous 7 years, Stifel was the #1 ranked underwriter of multi-family housing transactions, by number of issues. I look forward to working with TALHFA and its members in the preservation, rehabilitation, and creation of affordable housing in Texas.


Mark Gilbert DMA Development Company Senior Project Manager


Architect Moshe Safdie once wrote “spontaneous, unplanned, physical interaction is the es- sential stuff of life; it makes for a better and richer society; it is a healthier setting for the edu- cation and maturing of young people; and it is the condition by which conflicts and suspicion are better dissipated. These fundamental beliefs inevitably lead to the conclusion: we must do all in our power to create an urban structure that fosters stimulating and vital interactive centers.” This concept has stuck with me for many years and has given me an enduring pas- sion and purpose for supporting mixed-use, mixed-income communities.


For the past 11 years, I worked in university, county, and municipal governments, bringing this passion to my work, which ranged from facility planning to affordable housing policy and economic development. I very recently joined DMA Development Company as Senior Project Manager to bring my focus and energy to the development of high-quality affordable housing and mixed-use projects across Texas. I am excited to join TALHFA to expand my knowledge and understanding of housing development finance and meet TALHFA members that are doing great work across the state.


Ellis Morgan Austin HFC Financial Analyst IV


I came to the affordable housing industry in 2015 with previous experience in financial report- ing, aviation and an M.B.A. from The University of Texas at Austin.


For the past five years, through my work at the City of Austin and the Austin Housing Finance Corporation, I have been involved in development funding of approximately $100 million and financing of 3,000 units, from single-family homes to large tax credit developments. Currently, I work within our rental and ownership development assistance programs, where I have been involved in the funding process from application intake through loan closing.


As an Austin native, I feel privileged to work in my position and within the affordable housing industry because I can make a positive impact on people's lives in the city I love. Also, I have been afforded the opportunity to work with great co-workers, developers, and attorneys daily.


Page 16 TALHFA Fall 2020


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