Press Releases

David Walsh, Senior VP at JPMorgan Chase & Co., Joins Breaking Ground Board

NEW YORK – Breaking Ground, New York’s largest supportive housing developer and manager, today announced the appointment of David Walsh, Senior Vice President of Community Development Banking at JP Morgan Chase, to their board of directors. Prior to joining JP Morgan Chase, Mr. Walsh served for three years as Senior Vice President of Multifamily Programs for New York State Homes & Community Renewal where he oversaw the structuring and overall financing of approximately 10,000 units of affordable housing located throughout the State of New York.

“David’s life work exemplifies his strong commitment and dedication to creating affordable housing,” said Brenda Rosen, President and CEO of Breaking Ground. “He has a long history with Breaking Ground, including previously serving as our Director of NYC Housing Development during one of the busiest development cycles in our history, and will help steer us now as we prepare to open 1,000 new supportive and affordable housing units over the next five years. We are thrilled to have him back on our team.”

“David has a deep understanding from all sides of building affordable housing – financing, construction, design and more. He cares deeply about helping vulnerable New Yorkers, and knows that everyone deserves a home. We are glad to have his expertise on the Breaking Ground board,” said Michael Franco, Chair of Breaking Ground’s Board of Directors and Executive Vice President and Chief Investment Officer of Vornado Realty Trust.

"I'm honored to be rejoining Breaking Ground, this time as a board member,” said David Walsh. “For the past 26 years, Breaking Ground has been leading the way in developing and implementing permanent solutions to homelessness for vulnerable New Yorkers. I have long been an advocate of Breaking Ground’s work in both the affordable and supportive housing communities and I look forward to helping to advance our important cause in this new role."

David Walsh joined JP Morgan Chase in January of 2011 as Senior Vice President of Community Development Banking and presently oversees the financing of affordable housing transactions in the Northeast Region. He previously served as Senior Vice President of Multifamily Programs for New York State Homes and Community Renewal for three years, where he oversaw the structuring and overall financing of approximately 10,000 units of affordable housing throughout the State of New York. Mr. Walsh received a Masters Degree from Columbia University’s Graduate School of Architecture, Planning & Preservation and an undergraduate degree from Western New England College.