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Freddie Mac Muscle Moves to ‘Socially Responsible’ Housing
Jun 16, 2009Former Freddie Mac national director of Expanding Markets, Vaughn Irons, is now CEO of APD Solutions, a firm established to provide capital support for socially responsible investing. The capital will be made available from Waterfall Asset Management’s billion dollar portfolio, according to a release on the matter. While APD is a business, it is rooted in activities more closely associated with charities; it’s aims are to “revitalize communities” hardest hit by the economic recession in an effort to “jump start” housing activity.