Key Staff

William Loewenstein

CIDC’s President and CEO, Mr. Loewenstein has over three decades experience in the economic and housing development fields. He is knowledgeable in a full range of federal, state and local housing and economic development programs. Loewenstein specializes in the empowerment of public/private partnerships, working with non-profits and establishing self-sustaining local delivery systems.

Loewenstein spearheads CIDC development efforts. CIDC has developed several hundred housing units and more than $30 million in public benefit facilities owned by CIDC affiliates. He also directs CIDC, state and local contract delivery systems.

Section 108 Loan Program

He has underwritten hundreds of millions of dollars of Section 108 applications for public clients in New York, New Jersey, Pennsylvania, Michigan, California and Florida. During his tenure with the National Development Council, Loewenstein was one of a select group chosen to assist HUD with the design and implementation of the Section 108 Loan Program. As a consultant to the New Jersey Economic Development Authority (NJEDA), Lowenstein worked with the agency to establish the first statewide 108 loan fund for under-served communities.

Technical Assistance – HUD

Loewenstein has provided Technical Assistance to the U. S. Department of Housing and Urban Development, working with area and state offices in Buffalo, New York; Newark, New Jersey, San Francisco and Los Angeles, California under grants for the CDBG, HOME and CHDO programs.

New Market Tax Credit

He has structured and conducted training sessions on the New Market Tax Credit Program for several clients and assisted NJEDA in obtaining a New Market Tax Credit allocation.

Project Fulfillment

Loewenstein has underwritten hundreds of millions of dollars for office, shopping center, and industrial projects; established MICRO loan programs and drafted hundreds of millions of dollars of successful Section 108 loan applications.

He worked with the NJEDA to create a statewide pool of 86 members of the Federal Home Loan Bank Board who were willing to extend both construction and permanent loans to projects that qualified under the CIP program.

Office

Telephone: 518-828-0681

Neil Novesky

Neil Novesky joined CIDC/DIG as a Managing Director in 2010. He brings nearly thirty years experience in economic and community development to the firm and a broad understanding of the public and private financing tools used to promote business activity and the economic and affordable housing development goals of our client communities (SBA 504, HUD CDBG, Section 108 and taxable and tax-exempt Industrial Revenue Bond).

Professional Background

Novesky has held leadership positions in Community and Economic Development in both New York and New Jersey. As Director of Economic and Community Development for Middletown, NY (1986 – 2009) he administered approximately 300 loans – a $3 million portfolio; more than doubled the size of federal support to the City and supervised staff operation of the multi-million dollar Economic Development Revolving Loan Program, as well as administering the Community Development Block Grant Program for the City.

During his career, Novesky has administered revolving loan funds and a minority venture capital loan fund; planned and supervised a $30 million Employment and Training Program and various Federal and State anti-poverty and alternative technology programs; and used a wide array of public and private financing tools to stimulate economic, community and housing development.

Educational Background

Novesky holds a B.A. in Urban Affairs and Social Psychology, Hartwick College, Oneonta, NY. He completed research studies in Urban Economic and Social Issues at the University of Pennsylvania, Philadelphia, PA and conducted a research study on the National Health System at the University of London School of Economics, London, England. He participated in the Graduate Program in Public Policy Analysis at the New School for Social Research, New York, NY.

Professional Certifications

Pace University Law Center: Land Use Leadership Alliance Training Program Wharton School, University of Pennsylvania: Personnel Management University of Detroit: Grant Writing State University of New York at Buffalo, School of Management: Two-year post graduate certificate in Human Resource Management.

Board Memberships

Our City Reading, CDE (New Market Tax Credit certified) Reading, PA, Advisory Board (2009)

Town of Cornwall Planning Board, Cornwall, NY, Chairman (1993 – present)

Empire State Certified Development Corp.; New York Business Development Corp., Albany, NY, Board Member (2006 – 2010)

Orange County Board of Health, Goshen, NY, Member (1992 – 2004), Chairman (2004 – 2010)

Metropolitan Transit Authority (MTA), New York, NY, Board Member by appointment of Governor Mario Cuomo (1991-1994)

Middletown IDA, Middletown, NY, Chairman (1986–2005) CEO (2006 – 2009)

Office

Telephone: 518-281-0935

Email: nnovesky@verizon.net

Elizabeth Novesky

Elizabeth Novesky as a CIDC/DIG Associate brings with her nearly two decades of working directly with City Economic and Community Development; along with extensive experience with precise interpretation and translation of legal, business, court and contractual documents as well as loan application materials.

Professional Experience

Ms. Novesky was Administrative Director of the City of Middletown (NY) Industrial Development Agency (1997 – 2009). As Director she was responsible for administrative functions in operation of the Agency; overseeing more than $20 million in Industrial Development Agency’s Bond activity.

Novesky served the City of Middletown Office of Economic and Community Development as Assistant Director (1997–2009); the Small Business Loan Coordinator; and Research Coordinator. As assistant director her duties included administration of Federal Grant Programs and administrative liaison between City and Department of Housing and Urban Development. In addition she prepared and submitted federal reports, executed reporting and funding draw downs through the HUD Integrated Disbursement and Information System (IDIS) and administered the Small Business Revolving Loan Fund.

Novesky is a professionally certified Spanish language translator. Her services have spanned domestic and international documents including government regulations, customs, business agreements, real estate, technical manuals and cultural, art and history materials as well as documents for legal cases both civil and criminal and loan application materials. Her translations versions are found both in print and electronically.

In addition Novesky has been a teacher and served in the U.S. Peace Corps/Bolivia where she implemented Community Development Projects.

Educational Background

B.S. from Cornell University in Biology

U.S. Peace Corps Intensive Language Training, Spanish, La Paz, Bolivia

NYU Professional Certification in Translation Spanish Program.

Office

Telephone: 518-567-7568

Email: enovesky@gmail.com

Hilda Kennedy

Hilda Kennedy is the Executive Director of AmPac Tri State CDC; a nonprofit certified by the U. S. Small Business Administration to provide SBA guaranteed 504 loans for new and growing small businesses. AmPac is the SBA’s first faith-based certified lender in the country.

Kennedy has assisted Progress Development Corporation in underwriting 504 loans and SBA debenture transactions. AmPac Tri State CDC is a member of the National Association of Development Companies (NADCO), a Board Member of Family Services Association and has strong relationships with a number of banks, investors and non-traditional lenders.

Local Government

Kennedy has spent most of her career working in local government. As the Director of Economic and Business Development for the City of Inglewood., Ms. Kennedy established and implemented a $45 million loan fund with funds from the U. S. Department of Housing and Urban Development and matching funds from Federal Home Loan Bank of San Francisco member banks. During her tenure in Inglewood, she also served as Chief of Staff to the Mayor of Inglewood and the City Administrator; and as the City’s Public Information Officer where she was involved in coordinating City-wide events.

Educational Background

Kennedy graduated from the University of California at Berkeley with a degree in Psychology and completed a post-graduate fellowship with the Coro Foundation in New York City, New York. Kennedy and her Coro Foundation completed a study for D. C. staffers on how the U. S. can provide quality, affordable health care to all Americans.

Recognition

Kennedy’s accomplishments were highlighted in the summer 2008 issue of Save the Date, the Greater Los Angeles/Inland Empire Master Calendar of Urban Events, in an article entitled “Hilda Kennedy, A Woman on a Mission to Empower Faith-Based Entities.”

Office

AmPac Tri State CDC

22365 Barton Road

Suite 210

Grand Terrace, California 92313

Telephone: 909-579-6336

Facsimile: 909-387-0810

Email: hkennedy@tristatecdc.com

Mary Ann Loewenstein

Mary Ann Loewenstein joined CIDC’s staff in September, 1999 as Administrative Officer. Her responsibilities include monitoring administrative operations; liaison to the Board of Directors; human resource management; day-to-day oversight of ongoing projects; management of accounts receivable and accounts payable.

Loewenstein was the sole proprietor of Secretarial Services located in Hudson, New York from 1987 – 1999. In 1996 she spearheaded the creation of the Women’s Investment Stock Enterprise (WISE), serving as Senior Partner for two years, Assistant Financial Partner for one year and Financial Partner for one year and chair of the education committee. This partnership of 17 women was created for the purpose of educating its members in investment strategies and furthering their control and understanding of their financial destinies.

Loewenstein also has served as CIDC’s Assistant Secretary since 1996.

Community / Civic Activities

Community Initiatives Development Corporation: Assistant Secretary 1996 – present; Member, Board of Directors. 1996 – 2002.

Hudson Housing Authority Board of Commissioners: Chairman, 1992. Vice Chairman, 1986 – 1992; 1994 – 2000.

Upstage Productions, Inc: Past President. Membership chairperson 1993 – 1996; Non-Production Activities Chair, 1999.

Development Initiatives Group, Inc.: Secretary/Treasurer, 1996 – present.

City of Hudson Youth Advisory Board: 1985 – 1999

Hudson Development Corporation Board of Directors: 1995 – 1997.

Hudson Day Care Center Board of Directors: Past President

Hudson Area Library Association: former member, Board of Directors.

Awards

1980 Hudson Jayncees Distinguished Service Award for Community Service.