Kelly Boyer

Biography: Kelly S. Boyer, JD President Rose Community Capital Kelly joined Rose Community Capital (RCC) on May 1, 2017. RCC was created by the Rose Companies' acquisition of Forest City Capital in the fall of 2016. Kelly is focused upon expanding FHA financing opportunities west of the Rocky Mountains with an emphasis on the west coast. Prior to joining RCC, Kelly was the HUD FHA/MAP Director for Citi Community Capital, a division of Citibank, N.A. Kelly achieved Citibank’s FHA Mortgagee approval in April, 2015. As a HUD approved multifamily MAP lender she oversaw the creation, development, implementation and integration of the FHA lending platform into CCC’s core affordable housing lending activities. Kelly is the Owner and Manager of K2U, LLC an independent consulting services company specializing in HUD multifamily and public housing redevelopment, HUD rental assistance programs and FHA financing. Kelly has a particular focus upon affordable deals with FHA financing and layered secondary sources such as LIHTCs, RD, HOME and CDBG as well as local sources of funding. Prior to starting her own company, Kelly was a partner in a California based development company that focused upon the acquisition, rehab and preservation of HUD rental assisted projects with LIHTCS and bonds. Kelly is the former Director of HUD’s Los Angeles, California, Multifamily hub and left the office in mid-2012. During her tenure at HUD she assisted the Department with aligning FHA resources to work more closely with LIHTCs and other sources of financing; worked closely with state agencies to remove obstacles to FHA financing on affordable transactions; was a key member of the FHA Commissioner’s Risk Mitigation team revising FHA underwriting standards; was an original member of the FHA National Loan Committee; and assisted in the development of key preservation programs; such as the §236 prepayment process and preservation program; the FHA LIHTC Pilot Program; and, early