David Starr has been a leader and innovator in multifamily affordable housing tax credit and tax-exempt development and financing for over 20 years, with projects in Alabama, Arkansas, Florida, Illinois, Kansas, Louisiana, Mississippi, Pennsylvania, Tennessee, and Texas.
Mr. Starr pioneered the marketing and placement of tax-exempt bonds for the acquisition of multi- family affordable housing projects, and David Starr & Associates, Inc., and Clermont, LLC. has become the largest provider of tax-exempt bond debt on both rated and un-rated bases throughout the Southwest and Southeast, with over $1 Billion in funded transactions.
He also developed the institutional resources that provide subordinated bonds in tax exempt debt structures. This innovation allowed nonprofit organizations the capability of 100% financing and allowed private developers to structure rated bond scenarios.
On the development side, since 1999 Mr. Starr has been president of American Opportunity for Housing, Inc. (AOH), a nonprofit developer and provider of over 11,000 units of affordable housing. Since 2004, through AOH, Starr has successfully developed and renovated over $500 million in property assets with financial partners such as Prudential Insurance Company and Citibank of New York.
Mr. Starr has been an advisor to Model Cities and Headstart programs in New York, and is a member of the Texas Association of Local Housing Finance Agencies; the National Association of Local Housing Finance Agencies; and the Association of Affordable Housing Lenders.
Mr. Starr is also is an Advisory Board Member of the Rural Rental Housing Association; the National Multifamily Housing Board (and its affiliates); the Howard University advisory committee; and the South Texas Blood and Tissue Center Board.