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Counselman Appointed to VHDA Rental Housing Advisory Board

For Immediate Release
Contact: Susan Childress Corporate Marketing Director 757-282-6505
SL Nusbaum X Team

Norfolk, VA - (August, 2015) - S. L. Nusbaum Realty Co. is pleased to announce that Richard Counselman, Vice President, Multi-Family Development, has been appointed to serve on the Virginia Housing Development Authority’s (VHDA) Rental Housing Advisory Board for a three year term, effective immediately.

Since its inception in 2002, this VHDA Advisory Board has become an essential affordable housing stakeholder group that has provided guidance in establishing criteria for mixed-use/mixed-income projects, reviewed and endorsed changes to the Qualified Allocation Plan (QAP), contributed developer perspective regarding a leasehold policy and evaluated and commented on parameters for premature bond retirement. This advisory board is comprised of developers and local government representatives.

The Rental Housing and Advisory Board relies on the expertise of their board members to provide guidance on their programs and services, as well as insight into industry challenges, so that VHDA can continue to make a positive impact on the diverse affordable housing needs across the state. Richard's extensive experience and involvement in the community played a key role in his selection for this position.

Richard started his career with S.L. Nusbaum Realty Co. in early 2004. In that same year, he joined the Multi-Family Development Group and has since been actively involved in the development of more than 3,000 units. He also serves as a member of the Monarch Bank Leadership Board and is the Ducks Unlimited Area Chairman for Norfolk.

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With over 112 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping center projects, apartment communities, office and industrial properties throughout the Mid-Atlantic.