Newmark announced the hire of industry expert, Anthony Tarter, growing the firm’s Multifamily Capital Markets Debt and Structured Finance practice in the workforce housing sector. Tarter joins as Vice Chairman and Head of Workforce Housing, specializing in the placement of debt and structured finance for workforce housing properties across the U.S.
With over 20 years of experience in agency, life company, debt fund and bridge-to-agency executions, Tarter has closed over $15 billion in loans. Of the nearly $1 billion in loans Tarter closed in 2021, 95% were for naturally occurring affordable housing..
“Newmark, as a founding member of the Multifamily Impact Council, is committed to being part of the solution in improving access to quality, affordable housing in the U.S.,” said Chief Strategy Officer and President, Head of Multifamily Capital Markets Jeff Day. “Anthony’s role in the development of Fannie and Freddie workforce housing programs provides him with unique insights, offering immediate value to our clients.”
Tarter assisted in developing agency social impact programs, including Fannie Mae’s Sponsor Initiated Affordability (SIA) program and Freddie Mac’s Social Impact and Master Financing Commitment and its Tenant Advancement Commitment.
“Anthony’s involvement in social aspects of the industry, paired with his impressive track record, industry knowledge and experience, will help our clients reach their goals in a meaningful way,” added Vice Chairman and Co-Head of Production for Newmark’s Multifamily Capital Markets group Sharon Karaffa.
Prior to joining Newmark, Tarter served as Executive Vice President and National Director of Workforce Housing and Social Impact for Bellwether, also having held roles at ARCS/PNC Bank, Arbor REIT and Prudential throughout his career. Tarter’s philanthropic and industry involvement includes co-founding Veritas Impact Partners and serving on the board of NMHC’s Workforce Housing Committee.
“Across the country, workforce housing fills a significant need for families who are priced out of market-rate homes but don’t qualify for affordable housing,” noted Tarter. “I am passionate about impacting the renter experience and joining Newmark. I am excited to partner with the company’s leading multifamily investment sales platform to create more options for communities while offering flexible financing solutions for clients.”