NTCIC Staff

Our staff consists of dedicated and seasoned experts in the tax credit industry who will work hard with and for you.

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Executive Office

Suzanne Brown

Senior Vice President & Chief Operating Officer

Suzanne Brown

Senior Vice President & Chief Operating Officer

As Executive VP and COO of NTCIC, Suzanne oversees the administrative and accounting functions of NTCIC, its subsidiaries, and its funds, and manages NTCIC’s NMTC program.

Suzanne has 30 years of accounting and finance experience and has held various senior management positions in corporate accounting for both private and public companies. Prior to joining NTCIC, she worked for Enterprise Community Investment, Inc., where she was responsible for deploying over $100 million in NMTC capital, as well as overseeing compliance and investor reporting and served on their finance team. She additionally held other positions in corporate accounting and was a manager in the financial services practice of KPMG, a national public accounting firm.

Suzanne is a CPA and holds a Bachelor of Accounting, Magna Cum Laude, from George Washington University and an MBA from Johns Hopkins University.
David G. Clower

President & CEO

David G. Clower

President & CEO

As President and CEO of NTCIC, David directs fundraising and acquisition opportunities, develops and implements the company’s overall strategy and new lines of business, and coordinates governing board/staff relations. He also oversees the activities of NTCIC’s subsidiaries, including NT Solar, National Trust Tours, and National Trust Insurance Services.

Mr. Clower joined NTCIC in 2024 with 30 years of commercial and investment banking and community development finance experience across commercial real estate, venture debt, private equity, alternative, and socially responsible impact investment platforms. Prior to joining NTCIC, he served as Chief Credit Officer, Chief Investment Officer, and Executive Vice President of Strategic Investments at the Raza Development Fund, a national, Latino-focused CDFI based in Arizona.

He currently serves as the Chair of the CDFI Advisory Board for Quontic, a privately-held, New York-based adaptive digital bank; a member of the NMTC Advisory Board of Directors for Petros Community Impact Fund, a Texas-based CDE; a member of the Board of Directors for The Open Access Fellowship, which is focused on increasing Black and Latinx representation throughout the community development industry; and as Chair of the Board of Directors for the Phoenix Conservatory of Music, a non-profit, creative youth development organization.

Mr. Clower previously served as an Executive Committee Member of the New Markets Tax Credit Coalition’s Board of Directors; a member of the Bank of America Merrill Lynch Community Advisory Board, a member of the Corporate Advisory Board of the Phoenix Chapter of the Association of Latino Professionals for America (ALPFA); and as Vice Chair of NTCIC’s Board of Directors. He is a multi-national with dual citizenship in the United States and México. He studied Applied Economics at the University of San Francisco, Commercial Real Estate Finance at the Massachusetts Institute of Technology, and Strategic Business Leadership at the University of Chicago Booth School of Business.
Mike Palien

Director of Marketing & Communications

Mike Palien

Director of Marketing & Communications

As the Director of Marketing & Communications, Mike leads the development and execution of NTCIC’s marketing strategies to reach a broader audience through brand awareness, promotion, and community impact storytelling. He produces NTCIC’s front-facing marketing, design, public relations, and media initiatives, while also supporting the legislative affairs and advocacy work of the Public Policy team. He has been published in several industry-leading periodicals including the Novogradac Journal of Tax Credits and Preservation Magazine.

Prior to joining NTCIC, Mike worked as a Finance and Marketing Advisor for a Baltimore-based real estate development firm specializing in adaptive reuse and historic rehabilitation. In this position, he represented nonprofit organizations and community groups seeking financing for real estate developments. Additionally, he was a representative for Urban Action Community Development, a Community Development Entity that supported catalytic real estate development initiatives in underinvested communities nationwide through New Markets Tax Credit investments.

Mike began his career in historic preservation as a Baltimore-based residential Realtor specializing in historic city homes. Mike earned his bachelor’s degree in Electronic Media from Towson University.
Mike Phillips

Director of Public Policy

Mike Phillips

Director of Public Policy

As Director of Public Policy, Mike Phillips specializes in garnering and organizing local, national, and federal advocacy initiatives. He works to secure congressional support for enhancement legislation relating to the Historic Tax Credit (HTC), New Market Tax Credit and other community development incentives. Mike is a nationally recognized leader in advising advocates in delivering timely communication and key information to congressional offices on behalf of HTC. He helps advocates plan and coordinate in-district/state site-visits with members of congress and orchestrates DC lobby days on behalf of the Historic Tax Credit Coalition.

Prior to joining NTCIC in 2012, Mike was the President of Phillips Associates, Inc. a consulting firm specializing in the representation of national non-profits, for-profit industries, and national governing bodies in sports. Additionally, he served as a conservation consultant on transportation and historic preservation issues.

Mike began his public policy career with the National Recreation and Park Association, where for nine years, he successfully lobbied Congress for issues such as annual appropriations and permanent funding measures for public lands, urban parks, wildlife, historic preservation, and proposed reinvestment for Outer Continental Shelf (OCS) federal energy revenues.

Michael earned a Bachelor of Science from Old Dominion University and undertook graduate studies in American Politics and Comparative Politics at George Mason University. He is a former Advisory Board Member to George Mason University’s School of Parks, Recreation and Leisure Studies and a former Advocacy Advisor to the U.S. Tennis Association. Mike volunteers with Fairfax County (VA) Park Authority and was previously recognized by the City of Norfolk (VA) as one of the City’s “Most Outstanding Volunteers.” He is active with local and national youth leadership organizations and ministries, and he is a licensed youth soccer coach and trainer.

Acquisitions Team

Amanda Bloomberg

Senior Acquisitions Manager

Amanda Bloomberg

Senior Acquisitions Manager

Amanda is responsible for identifying, structuring and preliminary underwriting prospective federal/state HTC and NMTC investments. Prior to joining NTCIC, Amanda spent nine years at AEGON USA Realty Advisors in their Community Investment group where most recently she was an associate director originating, structuring and closing LIHTC and HTC transactions. She previously worked in their asset management department overseeing over 70 tax credit investments, representing approximately $1 billion in equity. Amanda earned a Bachelor of Arts Degree in Finance and Real Estate from the University of Northern Iowa and is currently pursuing a Master of Science Degree in Real Estate and Infrastructure from Johns Hopkins University.
Kathleen Galvan

Acquisitions Manager

Kathleen Galvan

Acquisitions Manager

As an Acquisitions Manager, Kathleen is responsible for identifying, structuring, and underwriting prospective federal and state Historic and New Markets Tax Credit investments.

Kathleen has been with NTCIC for 11 years, originally joining the team as an Asset Manager. Prior to this, she served as a Real Estate Development Manager for a financial advisory firm. In this role, Kathleen managed the commercial and residential real estate portfolio and collaborated with urban planners, researchers, builders and other professionals during the development stages of mixed-use real estate developments in Texas and Louisiana.

She holds an MBA from the University of Texas, McCombs School of Business, focused on Real Estate Finance.
Kandi Jackson

Managing Director, Acquisitions & Project Management

Kandi Jackson

Managing Director, Acquisitions & Project Management

As Managing Director, Kandi oversees the Acquisitions and Project Management Team of NTCIC with a focus on HTC and NMTC investments, which is primarily responsible for finding, underwriting, closing, and initiating the first equity and loan disbursements to a project. Additionally, she originates and manages NTCIC’s upper-tier investor relationships.

Kandi joined NTCIC in 2008, bringing more than 20 years of senior-level experience in real estate development and finance. Kandi was formerly a Director at Wachovia where she originated and managed developer relationships through underwriting, closing, and asset management of complex transactions, including both HTC and NMTC investments. Prior to this, she served as a Vice President with PNC and Simpson Housing Solutions (formally KBMH), where she originated LIHTC and HTC investments. She also managed Simpsons Housing Solutions’ East Coast Division, including originators, project managers, and construction inspectors.

Kandi began her real estate career with Bovis Construction as a Construction Manager, where she established on-site project development experience for high-profile historic and non-historic new construction projects.

Kandi is licensed as a general contractor and general engineer in California, as well as a real estate broker in California, North Carolina, and South Carolina. She received a bachelor’s degree from UCLA and an MBA from Pepperdine University.

Project & Asset Management

Andrae Baly

Senior Asset Manager

Andrae Baly

Senior Asset Manager

As Senior Asset Manager, Andrae is responsible for asset management, including construction monitoring as well as post-closing lower tier compliance, and investor reporting for NMTC, Solar ITC, and HTC investments. He also processes post-closing equity investment installments based on operating agreement benchmarks, reviews annual financial statements, and manages the company database. Before joining NTCIC in 2007, Andrae earned over seven years’ experience in asset management, compliance monitoring and loan administration of both equity investments and mezzanine debt for CIG International, a real estate investment firm, and Key Bank Real Estate Capital. He has a Bachelor of Science in Business Administration from Houghton College (NY).
Claire Brom

Associate Asset Manager

Claire Brom

Associate Asset Manager

As Associate Asset Manager, Clair coordinates investor reporting and oversees various projects through tax credit compliance. Before NTCIC, she worked as a Derivatives Officer for U.S. Bank, where she built customized new markets and solar derivatives structures. Claire holds a Bachelor’s degree in Finance from The Ohio State University.
Heather Buethe

Senior Director, Project & Asset Management

Heather Buethe

Senior Director, Project & Asset Management

As the Senior Director of Project & Asset Management, Heather oversees the HTC and NMTC project & asset management team, which is primarily responsible for underwriting and closing debt and equity investments in projects and throughout the United States, as well as managing investments through their compliance period. The Asset Management team is currently responsible for over $1 billion in active investments. Heather also leads NTCIC’s Opportunity Zone task force.

Heather has more than 12 years’ experience in the tax credit industry. She began her tax credit career with the law firm Husch Blackwell LLP, where she counseled investors, lenders, community development entities, and developers. She built an in-depth knowledge regarding the HTC and NMTC program requirements and learned how to navigate the complexities of real estate projects with multiple layers of financing. Heather also spent over three years at a national bank where she managed complex, multi-tiered federal and state HTC and NMTC transactions with multi-million-dollar investments. Here she closed over twenty transactions using in excess of $145 million in equity and generating over $162 million in tax credits.

Heather earned her bachelor’s degree from Truman State University and her law degree from Washington University in St. Louis. She is a member of the Historic Tax Credit Coalition and Novogradac’s Opportunity Zone Working Group
Sarah Bussy

Senior Asset Manager

Sarah Bussy

Senior Asset Manager

As a Senior Asset Manager, Sarah is responsible for managing NTCIC’s portfolio of HTC, NMTC, and ITC projects during the tax credit compliance periods. She oversees the delivery of operating agreement benchmarks, reviews annual financial statements, and ensures impact requirements are met and recorded.

Prior to joining NTCIC, Sarah worked for five years as a Senior Development Associate for Karp + Associates LLC, a real estate development company in Michigan that specialized in historic rehabilitation. There, she prepared financing packages, reviewed all transaction documents, and oversaw the closing process of each project. In this role, she managed projects totaling over $129 MM of total development costs.

Sarah graduated with her Juris Doctor, cum laude, from Western Michigan University and also holds a Bachelor of Arts in Economics from Michigan State University.
Marcus Jones

Project Manager

Marcus Jones

Project Manager

As a Project Manager, Marcus is responsible for real estate due diligence, underwriting prospective tax credit investments, and closing transactions. Prior to joining NTCIC in 2021, he worked in real estate and fund administration business development at SS&C and New Markets Community Capital at TELACU. Marcus earned his master’s in accountancy from the University of Illinois Urbana-Champaign and an MBA in finance and real estate from the University of Connecticut.
Tony Maruca

Senior Project Manager

Tony Maruca

Senior Project Manager

As Project Manager, Tony is responsible for underwriting and closing historic and new markets tax credit transactions. He has 10 years of experience working in community development finance.

Before joining NTCIC, Tony was Director of Finance at Civic Builders, a not-for-profit developer and lender for facilities for high-performing charter schools, where he raised construction and permanent debt for turnkey charter school development projects. He helped source over $75MM in QLICI debt for development deals and deployed over $60MM in NMTC allocation during the years he managed Civic’s CDE.

Tony earned a master’s in City and Regional Planning from the Bloustein School at Rutgers University and a bachelor’s in studio art and economics from Williams College.
Bret Mosher

Managing Director, Credit & Portfolio Management

Bret Mosher

Managing Director, Credit & Portfolio Management

As Managing Director, Credit & Portfolio Management, Bret is responsible for the supervision of NTCIC’s existing NMTC, HTC, and solar ITC portfolio investments, including all post-closing financial disbursements, compliance oversight, and reporting. In addition, Bret oversees the onboarding process of the investment at closing, construction monitoring, project performance, and ultimately the investor’s exit. Currently, Bret and his team actively manage $1 billion in tax credit investments.

Bret has over 25 years of experience in commercial real estate appraisal, underwriting, financing, asset management, and acquisition/due diligence. Prior to joining NTCIC, Bret spent three years as an investment and acquisition manager at a private equity real estate investment company and was primarily responsible for underwriting potential deals, evaluating risks, and financial analysis. Bret also has five years of experience as a senior asset manager at Fannie Mae and managed a primarily residential portfolio of 35 assets with a total asset value of $1.1 billion. He provided direct asset management and fund oversight for joint venture market rate equity, mezzanine debt, and historic tax credit equity for acquisition, rehabilitation, and new development deals.

Bret received a Bachelor of Business Administration in Finance from The College of William and Mary and an MBA in International Finance from Loyola College. He is a member of the Historic Tax Credit Coalition and the Novogradac Opportunity Zone Working Group.
Maggie Ramold

Asset Manager

Maggie Ramold

Asset Manager

As Asset Manager, Maggie manages part of our growing portfolio of historic and new markets tax credit investments. Before joining NTCIC, Maggie worked as a Senior Loan Portfolio Manager for Lincoln Savings Bank, where she helped underwrite and manage a $100+ million portfolio of primarily historic tax credit bridge loans. Maggie received her Bachelor’s degree in Accounting and Finance from Buena Vista University.
Mercedes Stevenson

Director of Asset Management

Mercedes Stevenson

Director of Asset Management

As the Director of Asset Management, Mercedes leads our team in overseeing over 100 investments currently under management. Mercedes joins with decades of experience in commercial real estate, asset management, community development, and risk management. She received her Bachelor’s in Urban and Regional Planning from California State Polytechnic University and an MBA from the University of Virginia.
Carolyn Tom

Project Manager

Carolyn Tom

Project Manager

As a Project Manager, Carolyn underwrites and closes historic and new market tax credit transactions.

Carolyn has over six years of experience in real estate and community development. Before joining NTCIC, Carolyn was Vice President of Development at Radson Development, a New York-based real estate developer specializing in affordable housing and mixed-use spaces, including community facilities and retail. At Radson, Carolyn helped to close over $100 million in new construction transactions using NYC housing finance programs and LIHTC.

Carolyn received her law degree from Boston University and her bachelor’s in English from George Washington University.
Margaret Whitesides

Senior Asset Manager

Margaret Whitesides

Senior Asset Manager

As Senior Asset Manager, Margaret manages a portfolio of NMTC, HTC, LIHTC and solar investments totaling over $200 million. She is the primary contact with developers and investors during the tax credit compliance periods. Additionally, Margaret reviews construction draws and post-closing tax credit funding, completes investor reporting, works out complex loans, monitors tax credit compliance, and assists in reviewing audits and tax returns.

Prior to joining NTCIC in 2010, Ms. Whitesides was the Director of Asset Management at Enterprise Community Investment. At Enterprise, she was responsible for the asset management of over $570 million in NMTC commercial real estate investments, while managing relationships with developers, CDE’s and investors. Additionally, Margaret has over 25 years of progressively responsible experience in commercial real estate lending, asset management, and relationship management with organizations such as GMAC-RFC, Freddie Mac, and national banks in the Washington, DC area.

Margaret received her bachelor’s degree from the University of Virginia and has an MBA from the George Washington University.

NT Solar

Karin Berry

Managing Director, NT Solar

Karin Berry

Managing Director, NT Solar

Karin Berry serves as the primary business development/relationship manager with renewable energy tax credit investors and project developers to syndicate Solar Investment Tax Credits. She directs the team for originating, structuring, underwriting, and closing renewable energy tax credit investments. Since Karin joined NTCIC, we have added 7 new investors and 10 new developer partners and funded more than 25 community-based projects.

Karin maintains strong relationships with both investors and developers and has a deep reach into the renewable market with experience spanning 15 years and over $1 billion in investments. Prior to NTCIC, she served as Senior Advisor in the Office of Policy for the U.S. Department of Energy, Vice President of the Guggenheim Capital Markets, Principal of Pave Energy Finance; and most recently, Senior Vice President of PNC Energy Capital. She has worked on renewable transactions all over the country for commercial, municipal, residential, utility, and non-profit clients.

Karin received a bachelor’s degree from Samford University and a master’s degree from the LBJ School of Public Affairs at the University of Texas, Austin. She has been an elected Advisory Neighborhood Commissioner in Washington D.C. and serves as a mentor to teenage girls through her church.

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Kevin Carder

Asset Manager, NT Solar

Kevin Carder

Asset Manager, NT Solar

As an Asset Manager, Kevin is responsible for managing NT Solar’s portfolio of solar tax credit investments during the compliance periods. The portfolio currently consists of over $400 million in solar assets under management. Additionally, he oversees the completion of post-closing equity installments, reviews annual financial statements, and ensures timely delivery of required reporting for developers and investors.

Kevin previously served as the Portfolio Analyst for NTCIC, producing financial reports and analyses for both Solar and Historic Tax Credit investments. Prior to NTCIC and his transition to the renewable energy space, Kevin worked over five years providing commercial real estate consulting and reporting services to developers, brokers, and investors. Kevin earned his Bachelor of Business Administration degree from James Madison University.
Mason Putt

Renewable Energy Investment Analyst

Mason Putt

Renewable Energy Investment Analyst

As the Renewable Energy Investment Analyst for NT Solar, Mason supports the administration of tax credit investments for NT Solar. Based in Pittsburgh, PA, Mason assists assist the NT Solar team in originating, underwriting, and closing prospective investments, as well as reporting for the current investment portfolio.
Alyssa Watt

Senior Transactions Manager, NT Solar

Alyssa Watt

Senior Transactions Manager, NT Solar

As a Senior Transactions Manager, Alyssa is responsible for the management of the rapidly growing investment portfolio of NT Solar from financial closing through the compliance period.

Prior to joining NTCIC, Alyssa held positions in asset management with C2 Energy Capital, Terraform Power, and most recently, as an Asset Manager for the ConEdison Clean Energy Business where she was responsible for commercial and technical operations of a 250 MW DG and utility-scale solar portfolio, as well as solar + storage projects across the US. Prior to transitioning into renewables space, Alyssa was an Environmental Engineer at Posillico Environmental working on the project management team for large-scale remediation projects in the NY metro area.

Alyssa received a bachelor’s degree from Villanova University and a master’s degree from the Earth Institute at Columbia University, where she studied energy policy and sustainability.

Accounting & Finance

Laura Burns

Community Impact Compliance Manager

Laura Burns

Community Impact Compliance Manager

As the Community Impact Compliance Manager, Laura performs and oversees NMTC program and compliance duties including data collection and analytics for NTCIC’s portfolio of projects, including economic impact and Community Reinvestment Act (“CRA”) information. Laura evaluates and scores all NMTC projects presented to NTCIC and since FY18 she has helped deploy $83MM in NMTC allocation. She is responsible for community impact reporting for NTCIC’s active CRA-eligible deals which currently consists of $235.2MM in 28 NMTC/HTC twin investments and $140.4MM in 9 HTC-only investments. Laura is also an integral part of NTCIC’s NMTC application writing process.

Prior to joining NTCIC in 2017, Laura spent 10 years in the banking industry. She began her banking career with a Maryland-based Community Bank with $500MM+ in assets, where she organized and developed succinct narrative and risk analysis for complex commercial real estate loans. Most recently, she served as a Senior Credit Analyst for a top 5 Bank where she analyzed and underwrote complex companies and non-profits with varying types of risk, provided accurate risk ratings for borrowers and facilities, and performed ongoing monitoring of a complex credit portfolio.

Laura became interested in the New Markets Tax Credit and Historic Tax Credit programs while earning her Master of Real Estate Development degree from the University of Maryland. Laura also holds a Bachelor of Science in Sociology from Virginia Tech. Laura is a regular volunteer of ID Ministry, a program that provides homeless and low-income individuals, and returning citizens with administrative and monetary assistance to access the identification documents necessary to obtain jobs, housing, education or services in the District of Columbia.
Abdul Fawzi

Senior Staff Accountant

Abdul Fawzi

Senior Staff Accountant

Abdul Fawzi joined NTCIC in 2021 as our Staff Accountant to manage internal accounting needs. Additionally, Abdul supports the Managing Director of Finance & Administration with audit support preparation.
Megan Fee

Controller

Megan Fee

Controller

As Controller, Megan oversees all accounting functions for NTCIC, and its subsidiaries. This includes general ledger preparation, payroll, timekeeping, budget creation, analysis and tracking, and financial reporting. Before joining NTCIC, Megan was the Controller at The McLean Group, LLC, a boutique investment bank specializing in Mergers and Acquisitions in the Government Contracting sector. Megan earned her bachelor’s degree from Lock Haven University.
Justin Riley

Accounting Manager, Investment Services

Justin Riley

Accounting Manager, Investment Services

As Accounting Manager for Investment Services, Justin is responsible for investment-level and fund accounting functions. This includes preparing investor reports, managing the preparation of tax returns and audits, along with monitoring all investment-level accounting activity.

Prior to joining NTCIC, Justin was a Senior Accountant at Baker Tilly, a large public accounting firm where he specialized in real estate and private equity funds. Justin received a bachelor’s degree in Accounting and an MBA from the University of Scranton.
Emily Schimmel

Operations & Office Manager

Emily Schimmel

Operations & Office Manager

As Operations and Office Manager, Emily Schimmel oversees all operations, office, and logistical support and ensures the smooth day-to-day running of the corporate headquarters in Washington, DC. Emily has a combined 15 years in nonprofit and office management. Before joining NTCIC, Emily was the Office Manager at the James Renwick Alliance for Craft, a national nonprofit that fosters education, connoisseurship, and public appreciation of American Craft and craft artists.

Emily earned her MPS in The Business of Art and Design from Maryland Institute College of Art in 2021, and her MA in Decorative Arts and Design History from Smithsonian/George Washington University-Corcoran in 2019. She currently volunteers as the Board Coordinator for the River East Design Center in Washington, DC, and serves on the finance committee of the National Emerging Museum Professionals Network. She is a member of ArtTable, the Textile Society, and the Center for Craft.