NeighborWorks names new CEO
NeighborWorks America, a network of community development nonprofits, named Eileen Fitzgerald as its new CEO effective June 1. Fitzgerald served as the acting CEO since January, taking over for Kenneth Wade, who guided the organization from 2004 through 2010. Wade joined Bank of America (BAC) at the start of 2011 to help build relationships between community organizations and the bank. Fitzgerald has 25 years of experience in nonprofit and government leadership roles. Most recently, she served as the senior director of national initiatives at the Fannie Mae Foundation. She also spent time at the McAuley Institute, a nonprofit focused on improving housing conditions for women and families. Her background includes work as the chief investment officer for single-family finance for the AFL-CIO Housing Investment Trust. NeighborWorks boasts a network of roughly 242 local and regional nonprofit organizations and works with many partners, including 1,300 local and national foreclosure-prevention counseling agencies. The organization said it will focus on raising funding outside of government support. Rental housing is also becoming more important, the organization said, as the housing market remains on life support. "The need to assist families and individuals with one of life’s basic building blocks — a healthy, safe and affordable home in a vibrant and safe community — has never been greater, making NeighborWorks America’s mission more critical than ever," Fitzgerald said. Write to Jon Prior. Follow him on Twitter @JonAPrior.