The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the appointment of Dan Foster, senior development manager for Chelsea Investment Corp. in Albuquerque, New Mexico, to its Affordable Housing Advisory Council (Advisory Council).
Mr. Foster brings more than 20 years of experience in housing and community development, spanning roles in nonprofit organizations, state housing finance agencies public housing authorities, and for-profit development organizations.
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Mr. Foster leads Chelsea Investment Corp.’s affordable housing development efforts in New Mexico and recently oversaw the completion of two projects in Rio Rancho, New Mexico Felicia Villa I and II—that received FHLB Dallas Affordable Housing Program (AHP) funding. Before joining Chelsea Investment Corp., Mr. Foster served as Housing Development Director for the Albuquerque Housing Authority, where he established the agency’s Housing Development Department. He also spent seven years with the New Mexico Mortgage Finance Authority, which has helped co-fund affordable housing developments alongside FHLB Dallas.
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“Affordable housing is the cornerstone of stability and opportunity for individuals and families,” Mr. Foster said. “It’s a big honor to serve on the Advisory Council and I look forward to providing insight into programs that make a real difference in people’s lives.”
Greg Hettrick, senior vice president and director of Community Investment for FHLB Dallas, praised Mr. Foster’s extensive experience and dedication.
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“Mr. Foster’s deep knowledge of affordable housing finance and his hands-on leadership make him an invaluable addition to the Advisory Council,” Mr. Hettrick said.
Mr. Foster’s three-year term began January 1, 2026. The Advisory Council comprises 14 representatives from state, community and nonprofit organizations within FHLB Dallas’ five-state District. Members advise the FHLB Dallas Board of Directors on affordable housing and economic development issues.
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Source : businesswire