George Schmidt

Director

Professional Experience

With experience in lending and syndication of affordable housing since 1988 in both the private and public sector, and especially with nonprofit organizations, George Schmidt provides a diverse scope of financial and technical expertise to Edgewater Affordable Housing, L.P. (EAH). His responsibilities as Director include detailed financial forecasting as well as organizing and reviewing due diligence for the acquisition, development, and management of EAH properties.

Before joining EAH, George served as Vice President of Development Finance for The Siegel Group in Austin, Texas where he provided multifamily housing development and financial advisory services to clients. During his tenure he assisted in filing applications for Low Income Housing Tax Credit (LIHTC) and Private Activity Bond financing. George also prepared financial forecasting models to determine optimal financing structures for both single and multi-family affordable housing developments.

Prior to joining The Siegel Group, George was Acquisitions Director for the Texas Housing Finance Corporation (THFC), a nonprofit LIHTC syndicator in Austin. In that position he acquired, negotiated, underwrote, supervised or closed 19 LIHTC partnership investments in Texas and New Mexico. These funding sources provided more than $59,000,000 in equity for 2,300 new and rehabilitated apartment units. He also created and managed a $260,000 predevelopment loan program utilizing Texas Housing Trust Funds.

Before joining THFC, George served as Finance Director for the Affordable Housing Fund in Dayton, Ohio, where he managed all corporate financial matters and the investment of a local Housing Trust Fund. In this position he managed, negotiated, and underwrote over 60 agreements providing $8,000,000 in gap financing for over 2,000 units of housing. George also provided neighborhood development organizations with technical assistance in the areas of financial planning, real estate development, and strategic community redevelopment planning.

George is a native of Ohio and was educated in Dayton. His degrees in finance and business administration include extensive coursework in accounting, real estate property management, and mathematical modeling. Over the years George has provided his services and expertise in technical spreadsheet design for a number of clients including the Virginia Community Development Corporation and the City of Riverside in Ohio.

Education

Associate of Science in Business Administration, Sinclair College, Dayton, Ohio, 1991
Bachelor of Science in Business Finance with an Economics emphasis, Wright State University, Dayton, Ohio, 1993

Professional License & Affiliations

National Development Council / Housing Development Finance Professional Certification