Michael Costa

Biography: MICHAEL A. COSTA, President and Chief Executive Officer Mr. Costa is responsible for overseeing all activities at Highridge Costa Companies, which include Highridge Costa Housing Partners, LLC (“HCHP”), Highridge Costa Investors, LLC (“HCI”) and Highridge Costa Development Company, LLC (HCDC). The companies specialize in the development, financing, construction, syndication and asset management of affordable and mixed-income housing for families and seniors throughout the U.S., utilizing low-income housing tax credits, as well as other types of public and private financing. The companies were created in 1994 by Mr. Costa initially under the flag of KBHome (Kaufman and Broad Multihousing Group, Inc.) then were sold to Simpson Housing (Simpson Housing Solutions, LLC) in 2000 where Mr. Costa became a partial owner and continued to run the companies. In 2010 in a joint venture between Mr. Costa, President and CEO of the companies, and Highridge Partners, a diversified, privately held investment firm, they acquired the companies from Simpson Housing. Over the past 25 years, Mr. Costa and his team have been responsible for developing and growing a portfolio of over 28,000 housing units in more than 280 communities throughout the U.S. and Puerto Rico, all of which were financed using tax credits. In addition, Mr. Costa is known as a pioneer in the development of affordable independent senior apartments having overseen the development of over 19,000 units since the early 1980’s. Currently Highridge Costa Companies owns and operates approximately 8,400 units (84 communities) of affordable independent senior apartments making HCC one of, if not the largest owner in the U.S. of independent senior apartment communities. Throughout a career spanning nearly four decades, Mr. Costa has supervised the development and financing of nearly 40,000 units of multifamily affordable and market-rate housing through such programs as Section