Chao promotion comes as organization ramps-up focus on building affordable housing, acquiring sites
Friday, March 30, 2018, Sam Moss, Executive Director of Mission Housing Development Corporation, announced the promotion of Michael Chao to the position of Director of Housing Development for the organization.
Chao has been Senior Project Developer at Mission Housing since 2014. He has led the efforts of the Housing Development team, which has added more than 1,000 units of new 100 percent affordable housing to the Mission Housing pipeline.
Under Chao’s leadership, Mission Housing has rehabilitated several hundred units of existing affordable housing, and will soon close on the acquisition of The Grand Oriente, a single room occupancy, residential hotel in the South of Market neighborhood of South Park. The multi-million dollar, 18-month rehab of The Grand Oriente is expected to begin in 2019.
The numerous industry partnerships Chao has created while leading the Housing Development team have played a major role in returning Mission Housing to its real estate development roots.
“Michael Chao is the driving force behind Mission Housing solidifying its role as a leader in community-based affordable housing development,” said Moss. “His strong background in affordable housing finance, experience in renovating multi-unit properties, and his commitment to our mission make him the perfect person to lead our development efforts far into the foreseeable future.”
With the promotion of Chao to Director of Housing Development, Mission Housing is investing in the continued growth of current staff into leadership positions.
“The most satisfying part of my job is making a positive impact and contributing to the history of Mission Housing, while helping to build an affordable San Francisco,” said Chao. “I’m proud to have been part of Mission Housing as we find new footing, grow, and reinvent the organization in a responsible way.”
Prior to joining Mission Housing, Chao, a Bay Area native, had been responsible for overseeing housing development at several local nonprofits, including at Community Housing Partnership from 2008 to 2014.