GREAT NECK, N.Y. – Oct. 30, 2019 – Regions Bank on Wednesday announced Andy Blumetti has joined Regions Affordable Housing’s Originations Group as Senior Vice President and Relationship Manager serving the Northeast Region.
Blumetti will be based in Regions’ New York office and will focus on sourcing and originating affordable housing transactions from New England through portions of the Mid-Atlantic.
Previously, Blumetti was Managing Director at The Bank of New York Mellon, where he was responsible for relationship management, originations, underwriting and asset management of both debt issuances and Low Income Housing Tax Credit (LIHTC) equity investing within the bank’s Real Estate Division.
Prior to his role at BNY Mellon, Blumetti served as Senior Client Manager and Vice President within JP Morgan Chase’s Commercial Real Estate Group. There, his responsibilities included both market rate portfolio lending and community development banking. Before entering the banking industry, Blumetti was a practicing architect for seven years specializing in multi-family and resort development. He holds a Master of Business Administration from the University of North Carolina and a Bachelor of Architecture from the New Jersey Institute of Technology.
Andrew brings a unique level of professional experience and financial insights that will complement the strengths of our team.
Brian Coffee, Origination Group Manager for Regions Affordable Housing
“Andy brings a unique level of professional experience and financial insights that will complement the strengths of our team,” said Brian Coffee, Origination Group Manager for Regions Affordable Housing. “His expertise will add greater value to the services we deliver while supporting more affordable housing opportunities from the Mid-Atlantic through New England. We are delighted to welcome Andy to our team.”
Regions Affordable Housing LLC is a national LIHTC fund syndication firm and a leader in affordable housing. Regions Bank is one of the nation’s largest participants in affordable housing finance through the LIHTC program and provides comprehensive real estate banking and capital management services to meet the debt and equity capital needs of developers and investors. Regions Bank is also a Fannie Mae DUS Multifamily Affordable Lender and HUD/FHA Affordable Lender.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $128 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.