Walker & Dunlop Expands LIHTC Equity Team With Senior Hires in Denver and Pittsburgh

Walker & Dunlop, Inc. (NYSE: WD) has expanded its Low Income Housing Tax Credit (LIHTC) equity team with the addition of two senior professionals, the firm announced April 13, deepening its capabilities in affordable housing finance across the United States.

Jack Hodgkins joins as senior vice president and head of LIHTC credit, based in Denver, Colorado. Stacie Nekus joins as senior managing director and head of business development for LIHTC investor relations, based in Pittsburgh, Pennsylvania. Both are part of Walker & Dunlop's Affordable Equity platform under the leadership of John O'Toole, executive vice president and head of Affordable Equity.

Strengthening Credit and Investor Relations Capabilities

Hodgkins will lead LIHTC credit strategy and underwriting, with a focus on investment risk analysis, underwriting rigor, and portfolio quality. He brings more than 25 years of experience in affordable housing and real estate investment management, with a track record of overseeing billions in equity investments across tax credit funds and direct investments. His prior leadership with the Affordable Housing Investors Council (AHIC) contributed to the development of industry standards and risk management practices that remain in use across the affordable housing sector.

Nekus will lead business development for Walker & Dunlop Affordable Equity's LIHTC investor relations team, with responsibilities that include strengthening investor infrastructure, expanding institutional relationships, and driving equity capital formation. She will also focus on enhancing investor reporting, optimizing fund structures, and growing both multi-investor and proprietary funds. Nekus brings more than 30 years of real estate experience, including more than 20 years raising and placing equity capital.

"Jack and Stacie represent an important next step in the growth of our affordable housing platform," said Sheri Thompson, executive vice president and head of Affordable Housing at Walker & Dunlop. "As our LIHTC syndication business expands, we are strengthening our capabilities across credit and investor relations to deliver disciplined, high-quality execution and meet growing demand from both developers and institutional investors."

Platform Scale

The additions come as Walker & Dunlop continues to scale its affordable housing platform. The firm's affordable housing team originated over $8.9 billion in affordable and workforce financing from 2022 to 2025 through HUD, Fannie Mae, Freddie Mac, and capital markets sources.

"This expansion will deliver immediate value across our platform," said O'Toole. "Stacie's relationships and strategic approach to investor engagement will enhance our access to capital and build on the strong leadership Dudley Benoit has established in leading our investor relations team. Jack's extensive experience managing LIHTC investments and overseeing portfolio risk brings institutional credibility and further strengthens our ability to deliver disciplined, investor focused analysis."

Geographic Positioning in Denver and Pittsburgh

Hodgkins is based in Denver and Nekus in Pittsburgh, positioning both within Walker & Dunlop's broader national affordable housing platform.

Walker & Dunlop describes itself as one of the largest commercial real estate finance and advisory services firms in the United States. The firm's affordable housing platform spans HUD, agency, and capital markets financing, with the LIHTC equity business representing a component of that offering.