David A. Smith

Founder + CEO

David A. Smith is the founder and CEO of the Affordable Housing Institute, which develops sustainable housing financial ecosystems worldwide. With 45 years’ direct experience in affordable housing, David uniquely combines the roles of practitioner and theoretician, participant and policymaker.

His work as an international housing finance policy advisor/ program developer encompasses projects in more than 30 countries including Brazil, Colombia, Egypt, India, Indonesia, Ireland, Jordan, Kenya, Mexico, Mongolia, Morocco, Panama, Rwanda, Sri Lanka, South Africa, Turkey, the UAE, Vietnam, and the United Kingdomand he is a much sought-after speaker on affordable housing issues around the world. In the USA, David provides high-quality analysis to Congress, the Millennial Housing Commission, CBO, HUD, and others, and was a principal member of the 1996 Senate mark-to-market working group. A 1975 Harvard graduate, he is an award-winning author with more than 400 published articles in real estate, valuation, and policy periodicals, and a textbook, as well as an influential blog.

David is also founder and Chairman of Recap Real Estate Advisors, a Boston-based firm that specializes in complex multifamily asset problems, with an active practice area in the finance of existing affordable housing. He has received multiple awards, including NAHRO’s Lange Award and NH&RA’s Vision Award for lifetime achievement in affordable housing.


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