Solutions for Homelessness with Skid Row Housing Trust
On November 18-19, executives will gather at #NEXTDC19 to collaborate on housing policy and fintech issues. Homelessness and affordable housing are top priorities and we’re thrilled to welcome Lee Raagas, CEO of Skid Row Housing Trust. She has more than 20 years experience in financial services and now heads the 30-year old organization dedicated to providing permanent supportive housing so that people who have experienced homelessness, prolonged extreme povery, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness. Skid Row Housing Trust has been very successful in Los Angeles with a replicable model that can be applied to any city. Join us in DC to be a part of this important discussion.
Watch the video to learn more about Skid Row Housing Trust.
Lee Raagas, CEO of Skid Row Housing Trust
Lee Janc Raagas has 20 years experience in financial services, investment sector, distressed assets, and housing/mortgage industries. Her career began with Dean Witter as a Loan Officer and moved up to supervision before being recruited by former DW Executives into a startup under Plaza Bank and Fleet Financial; she designed, built and managed Lending Operations supporting $5B monthly fundings and selling 80% of those originations to the secondary market which included private investors and public structures. That Division was the operating hub between Lending, Secondary Markets, Administration, International Operations and Servicing. Asked by Parent, H&R Block (HRB), she transitioned to Chief Strategy Officer. That role served as a liaison between HRB and its subsidiaries, responsible for five-year strategic plans, and a $250M Capital Expenditure budget with an Enterprise Program Management Office that included dedicated resources to 501c3 Housing Alliances. Her last strategic initiative was divesting/selling the Company to Cerberus and Wilbur Ross. Ms. Raagas went to Equator (nka AltiSource) during formative years to lead the technology company’s Business Development and Corporate Strategy to secure key relationships with HUD, FNMA, and FHLMC. The development included brand transition eventually leading the sale to AltiSource. Leveraging experience in Lending (OO), Capital Markets (HRB) and Technology (AltiSource), Ms. Raagas launched a privately held, but captive, Asset Management Company for the nations leading distressed Bond Holder; and their goal to purchase, oversee, manage and sell real estate assets in their primary and subsequent fundraisings. That fund was allocated to ensure foreclosure mitigation tactics while securing investor required ROI and IRR. Recent accomplishments include building a Merger & Acquisition Division and Virgin Island operations for Private Calabasas based Investment Firm.