Opportunity Zone Update

P. David Bramble dedicates his time to sourcing transactions, financial structuring and overseeing project underwriting & execution. A corporate and real estate attorney by training, David brings a deep knowledge of all aspects of the real estate cycle. Prior to MCB, David served as the Director of commercial lending for a regionally based full-service lending firm, which he co-founded in 2000. Prior to devoting all his time to commercial real estate investment, David practiced law in the transactions group of a D.C.-based international law firm, where he provided corporate and real estate advisory services. His practice focused on complex workouts, primarily in the real estate and financial products space. David currently serves on the advisory board to the Brown School of Business and Leadership at Stevenson University and the Foundation Board of the Mt. Washington Pediatric Hospital. David has also served on the Board of Directors of a federally chartered bank, served as a Commissioner on the Maryland racing commission as well as on the Boards of multiple real estate and non-real estate related charitable organizations. David received his J.D. from the University of Pennsylvania, and an A.B. from Princeton University.

Mr. Shah joined EJF in October 2018 as the Senior Managing Director, Head of Real Estate and has over 20 years of experience in the real estate industry. Prior to joining EJF, Mr. Shah was the President and Chief Investment Officer of the Multifamily division at Kettler Inc. He also served as the Senior Vice President of Real Estate Investments. During his 11 years at Kettler, Mr. Shah oversaw acquisitions, asset management, development, construction, equity capital sourcing and was the primary point of contact for partner relationships. In addition, Mr. Shah determined the strategic direction for the Multifamily division while also acting as chair of the Kettler Investment Committee. Prior to joining Kettler, Mr. Shah worked at Monument Realty, BroadBand Office Inc. and CarrAmerica Realty Corp. Mr. Shah received his BS in Financial Management from St. Joseph’s University in Philadelphia, PA and an MBA in Corporate Finance from the University of North Carolina in Chapel Hill, NC. He is an active member of the Urban Land Institute and serves on itsWashington District Council Advisory Board. Mr. Shah is also involved with the Arlington Partnership for Affordable Housing.

Steve Glickman is the Founder and CEO of Develop LLC, an advisory firm exclusively focused on building and supporting Opportunity Funds and the broader Opportunity Zones (OZ) marketplace. He is also the Co-Founder, and former CEO, of the Economic Innovation Group, the bipartisan organization that was the chief architect of the $6 trillion OZ program. Steve previously served in the Obama Administration as a senior economic advisor at the National Security and National Economic Councils, where he managed international trade, investment, manufacturing and small business issues. He was also Chief of Staff for the U.S. and Foreign Commercial Service at the Department of Commerce. Prior to the Administration, Steve served in legal roles on Capitol Hill, the Department of Justice and the Democratic National Committee. Steve received his B.A. and M.A. from Georgetown University, J.D. from Columbia Law School, and LL.M. from the London School of Economics. He is an Adjunct Professor at Georgetown, and serves on the Board of The NewDEAL. Steve’s work has been featured in the Atlantic, AP, Bisnow, Bloomberg, Chicago Tribune, Crain’s, Fast Company, Forbes, Fortune, Impact Alpha, Inc., LA Times, Marketplace, NY Times, NPR, Politico, San Francisco Chronicle, TechCrunch, VentureBeat, Vox, Washington Post, and Wall Street Journal.

As Chief Operating Officer (COO) of the Falcone Group, Alfonso Costa Jr. oversees the development of multifamily apartment communities and condominium projects, leading public-private partnership opportunities as well as the company’s operational and strategic initiatives. His current pipeline of mixed-use development projects includes more than 2,000 residential units and 200,000 square feet of retail & self-storage, with a total value exceeding $1 billion. Such projects include “Block C-East” at Miami WorldCenter, and the “Horizon of Oakland Park,” a mixed-use public-private-partnership with the City of Oakland Park. Prior to joining the Falcone Group, Alfonso served as Deputy Chief of Staff & Opportunity Zones lead for the U.S. Department of Housing and Urban Development (HUD), where he oversaw policy for the $50 billion annually-budgeted Cabinet agency, which maintains a wide range of housing and community development programs, a $1.3 trillion mortgage insurance portfolio, and approximately 7,000 employees across 57 offices nationwide. As an expert on the bi-partisan Opportunity Zones program, he held the title of Chairman’s delegate and HUD’s lead representative on the Federal Government’s inter-agency Opportunity and Revitalization Council, and for his efforts he was recognized in the Opportunity Zone Magazine’s “Top 25 OZ Influencers” list for both 2020 and 2021. A former 5th-grade teacher as a Teach for America corps member, Alfonso is now an active social advocate through philanthropic & academic volunteer efforts on both the local and national levels. In his home State of Florida, he is the Program Chair of ULI Florida’s Affordable & Workforce Housing Council (AWHC), Advisory Board Member & recent Chair of the Nova Southeastern University Master’s in Real Estate Development (MSRED) Program, recent Member of the City of West Palm Beach Affordable Housing Advisory Committee, Heart & Spirit Society member for the Boca Helping Hands food-giving non-profit organization, and an In Jacob’s Shoes of Hope Hero member for the shoes/socks/school supplies non-profit organization. Nationally, he serves as a Member of the Harvard Alumni Real Estate Board, National Housing Taskforce, Housing Advisory Council Member of the Bipartisan Policy Center, Board Member of the Home Builders Institute, and Full Member of the Urban Land Institute. He earned his law degree from Harvard University, master’s degree from the University of Oxford, and bachelor’s degree from Yale University, where he played both Division-I basketball and Division-I lacrosse while serving as Chair of the Yale Athletic Department’s Thomas W. Ford Community Outreach Committee.

Mr. Siglin focuses his practice on a broad range of business law matters involving corporate structuring, joint ventures, bond financing, syndication of equity, contract negotiation, regulation and compliance, tax credits, property tax exemptions, and real estate acquisition and development. He represents developers, lenders, investors, syndicators, real estate investment trusts, and other businesses and public sector entities. Mr. Siglin is experienced with utilizing federal and state Low-Income Housing Tax Credits (LIHTC) and tax-exempt bond financing to structure transactions; advising on debt and equity terms; negotiating development agreements and construction contracts; assisting with zoning and permitting; advising on compliance issues; counseling on state and local tax incentives; resolving complex tax issues; and providing wide-ranging federal and state tax advice. Mr. Siglin served as an attorney advisor for the U.S. Department of Housing and Urban Development in Washington, D.C. for four years before entering private practice.