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Learn about the Team at IHDA Investor Relations, including our Executive Director, Chief of Staff/Assistant Executive Director, and Acting Chief Financial Officer/Assistant Treasurer.
Effective November 12, 2019, Director Faust was appointed Executive Director of the Illinois Housing Development Authority (IHDA), bringing more than 30 years of affordable housing industry experience to the Authority. As the state’s chief affordable housing official, Executive Director Faust provides leadership in state housing policy to advance IHDA’s mission of financing the creation and preservation of affordable housing throughout Illinois.
Prior to joining IHDA, Executive Director Faust served as President of Neighborhood Housing Services of Chicago (NHS), a community development organization committed to helping homeowners and strengthening neighborhoods. As President, Ms. Faust’s strong leadership and holistic vision helped spur community revitalization by creating homeownership opportunities for those most vulnerable, improving not only their lives, but their neighborhoods as well.
Before joining NHS, Executive Director Faust was Chief Credit Officer and Director of Lending & Network Services at Partners for the Common Good. In that role, she was responsible for the growth and oversight of the domestic and international loan portfolio. In addition, Executive Director Faust served as president of the Enterprise Community Loan Fund, one of the largest non-depository community development financial institutions in the country.
Earlier in her career, Executive Director Faust spent fifteen years in community development banking in Chicago, primarily with LaSalle National Bank, where she started the Community Development Lending Department. Her work in Chicago earned her distinction in Crain’s Chicago Business “Forty Under 40” list.
Ms. Faust is a graduate of Harvard University, where she obtained a Master in City and Regional Planning and Brown University, where she holds a Bachelor of Arts in Political Science and Philosophy.
Debbie is an accomplished executive, government and community leader with 16 years of experience working with affordable housing nonprofits, 13 years in elected office and over 30 years of business ownership and administration. Before joining the Authority in April of 2016, Debbie was the Executive Director of the DuPage Homeownership Center where she managed the staff, programs and finances of a premier housing counseling agency in Chicago’s western suburbs while working with federal, state and local governments to create better housing policies. Prior to this, she served on the DuPage County Board and was a member of the DuPage Federation of Human Services Reform, the DuPage County Continuum of Care and several suburban Chambers of Commerce. Debra earned a Bachelor of Arts degree in Political Science from Northern Illinois University.
Tracy joined the Authority in May 2005 and has served as Acting Chief Financial Officer (CFO) since October 2019. She is an accomplished finance professional with more than 15 years of experience in Housing Finance Agency operations, previously holding senior roles as IHDA’s Director of Homeownership, Assistant Director of Finance and Assistant Director of Loan and Portfolio Management. Among her key accomplishments in these roles, Ms. Grimm lead the design and implementation of in-house single-family pipeline interest rate risk management through the internalization of interest rate hedging, and effected the consolidation of loan servicing for $800 million in IHDA loans from fifty different servicers to one. As Acting CFO, Ms. Grimm oversees all aspects of the IHDA’s financial plans and policies including the issuance of taxable and tax-exempt bonds, loan securitization and secondary marketing activities. Prior to joining IHDA, Ms. Grimm held management and equity trading positions in the financial services industry, serving as the Manager of Operations at UBS Financial Services, the Associate Manager of Operations at RBC Dain Rauscher and as an Equity Trader at ABN AMRO Inc.
Maureen joined the Authority in November of 2010 as Senior Counsel and was promoted to General Counsel in August 2011. Before joining the Authority, she worked in the real estate group at Sidley Austin LLP, practicing out of the firm’s Chicago office. Prior to this, she worked for J.P. Morgan Chase Bank, N.A. in the commercial mortgage-backed securities group, having started her legal career at Sidley Austin’s Washington, DC. office from 2001 to 2007. Maureen holds a Bachelor of Arts degree in Political Studies from the University of Illinois-Springfield and a Juris Doctorate degree from The Catholic University of America Columbus School of Law.
Timothy Hicks, Controller, joined the Authority in January of 2019. Mr. Hicks is a Certified Public Accountant with over 23 years of public, financial and governmental experience. Before joining the Authority, Mr. Hicks worked at the Forest Preserve District of Cook County as the Comptroller. In that capacity, he was responsible for managing all aspects of Accounting and Finance including financial planning & reporting, budgeting, treasury, accounts payable, fixed assets and payroll. Prior to this he worked as the Assistant City Treasurer for the City of Chicago. Mr. Hicks received his Master of Business Administration in Finance and Marketing from University of Illinois, Chicago and his Bachelor of Science degree from Alabama State University in Accounting.