Elizabeth Bluhm
Development Director
Elizabeth Bluhm has more than 20 years of experience in the field of affordable housing finance, and brings a wealth of knowledge to Wakeland from her 16 years spent in leadership positions at a key affordable housing lender/investor firm. In her role as Development Director, she oversees project management staff and select Wakeland projects through all phases of development.
Previously, Bluhm headed the Low Income Housing Tax Credit (LIHTC) equity business of Red Capital Group, a national multifamily lender and investor, from its inception in 1994 until 2001. She directed all aspects of LIHTC project acquisition, underwriting, syndication, and asset management, and was a member of the firm’s executive team. In 2001, Bluhm relocated to San Diego to launch a new office for Red Capital offering debt and equity for multifamily and seniors projects, including Fannie Mae DUS and FHA lending, tax-exempt bond underwriting, and tax credit equity syndication, as well as construction and pre-development lending for tax credit projects. With the acquisition of Red Capital Group by PNC in 2008, she became head of national institutional sales for the combined PNC/Red Capital tax credit group while continuing to lead Red’s San Diego office.
Upon leaving Red Capital in 2010, Bluhm began her involvement with Wakeland by joining the Board of Directors. She served as Board Treasurer in 2014 and Board Chair from 2015-2017.
Prior to her years with Red Capital she was a Vice President in institutional municipal bond sales with Credit Suisse First Boston in New York and Los Angeles.
Bluhm’s professional development experience includes chairing the Board of Directors of the California Housing Consortium (CHC) for two years in 2008 and 2009, and serving on the Board from 2005-2010. She is currently a member of CHC’s Board of Governors.
She holds a BA in Philosophy from Scripps College and an MBA in Finance from the Wharton School of the University of Pennsylvania.
Elizabeth Bluhm has more than 20 years of experience in the field of affordable housing finance, and brings a wealth of knowledge to Wakeland from her 16 years spent in leadership positions at a key affordable housing lender/investor firm. In her role as Development Director, she oversees project management staff and select Wakeland projects through all phases of development.
Previously, Bluhm headed the Low Income Housing Tax Credit (LIHTC) equity business of Red Capital Group, a national multifamily lender and investor, from its inception in 1994 until 2001. She directed all aspects of LIHTC project acquisition, underwriting, syndication, and asset management, and was a member of the firm’s executive team. In 2001, Bluhm relocated to San Diego to launch a new office for Red Capital offering debt and equity for multifamily and seniors projects, including Fannie Mae DUS and FHA lending, tax-exempt bond underwriting, and tax credit equity syndication, as well as construction and pre-development lending for tax credit projects. With the acquisition of Red Capital Group by PNC in 2008, she became head of national institutional sales for the combined PNC/Red Capital tax credit group while continuing to lead Red’s San Diego office.
Upon leaving Red Capital in 2010, Bluhm began her involvement with Wakeland by joining the Board of Directors. She served as Board Treasurer in 2014 and Board Chair from 2015-2017.
Prior to her years with Red Capital she was a Vice President in institutional municipal bond sales with Credit Suisse First Boston in New York and Los Angeles.
Bluhm’s professional development experience includes chairing the Board of Directors of the California Housing Consortium (CHC) for two years in 2008 and 2009, and serving on the Board from 2005-2010. She is currently a member of CHC’s Board of Governors.
She holds a BA in Philosophy from Scripps College and an MBA in Finance from the Wharton School of the University of Pennsylvania.