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Director of Development

Zachary MarksZachary Marks, Director of Development in Real Estate, has been with the Commission since 2012. In this role he leads the day-to-day real estate acquisitions and development activities for the agency.  During his tenure with HOC, he and his team have programmed and financed the comprehensive renovation of more than 2,000 HOC-owned units.  Additionally, he led the development, financing, and conversion of ten HOC Public Housing assets through renovation and new construction via the Rental Assistance Demonstration program.

Mr. Marks has more than thirteen years of experience in real estate acquisition and ground-up development, preserving and delivering a combination of market rate, mixed-income, and affordable housing in more than a dozen major markets throughout the United States. He began his career as an intern in the Specialty Housing Group for Wood Partners, one of the most prolific privately held development companies in the country, ranking consistently in the top five of both Multifamily Executive’s and Builder Magazine’s annual rankings by volume. By the time he was promoted to partner in his fourth year, he’d closed deals comprising more than 2,100 rental units and raising more than $250MM in capital.

Prior to joining HOC, Mr. Marks worked at the National Foundation for Affordable Housing Solutions, Inc., where he helped the organization acquire government-assisted (e.g., Section 8) rental communities in several national markets, placing investment equity for the firm’s $150MM raise. In all, these transactions resulted in the preservation of nearly 800 units of at-risk affordable housing. Upon acquisition, Mr. Marks also lead the recapitalization efforts through both significant rehabilitation and redevelopment using Low Income Housing Tax Credit equity.

Mr. Marks received his Master of Business Administration from the University of North Carolina at Chapel Hill with a concentration in Real Estate. He also holds a Master of Education from Johns Hopkins University and a Bachelor of Arts in Journalism from the University of Richmond. Before attending graduate business school at UNC, he taught high school English for three years at Wootton High School in Rockville, MD.