Buffalo, New York-headquartered M&T Bank (NYSE: MTB) has appointed Lopa Kolluri as head of affordable housing lending.
In her new role, Kolluri will be based in the bank’s New York City office and will be responsible for the development, oversight, and day-to-day management of the affordable housing vertical within M&T’s Commercial Bank. She will also engage with divisions of M&T’s Community Bank and M&T Realty Capital Corporation’s Affordable Housing Platform.
Kolluri was previously senior vice president within M&T’s Commercial Real Estate Innovation Office. Before joining M&T, Kolluri was with the U.S. Department of Housing and Urban Development (HUD) where she was principal deputy assistant secretary for the Office of Housing and the Federal Housing Administration.
“It is an exciting time at M&T Bank as we continue to expand our work in the affordable housing space, leveraging Lopa’s deep expertise in the public and private sectors,” said Timothy Gallagher, M&T Bank’s head of commercial real estate. “This is a substantial opportunity to build upon our already strong capabilities and it further complements M&T’s forward-thinking approach to supporting clients.”
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LOL, affordable housing is a nefarious tool of the socialists that needs to be stopped.