Carson City, NV -
July 11, 2014The Nevada Housing Division recently named Michael Holliday
as Chief Financial Officer. He will be responsible for managing financial and
investment activities of the Division’s affordable housing programs as well as
the general financial and information technology functions of the agency.
Holliday has more than 20 years of accounting and finance
experience in the public and private sectors. Most recently, he worked at the
Nevada Rural Housing Authority (NRHA) as the Director of Financial Services and
prior to that, Accounting Manager. Previously he worked as an Accounting
Supervisor for a large firm in the Defense/Aerospace industry. Holliday also
spent many years in a public accounting firm specializing in audits of
governments and special districts.
During his tenure at NRHA, he worked with different types of
financing for affordable housing programs including single family financing
programs, tax-exempt bonds, taxable forward market funding and mortgage credit
certificates. Holliday was also involved in development and rehabilitation
projects for multi-family projects assisting Nevada low-income seniors and
families.
Mr.
Holliday earned a bachelor’s degree in Finance from the California State
University at Chico and also holds an MBA.
About NHD
Created by the Nevada Legislature in 1975, the Nevada
Housing Division was created to encourage the investment of private capital and
stimulate the financing of affordable housing through the use of public financing
to provide mortgage loans and to make loans to and purchase mortgage loans from
mortgage lenders, and to perform any other function authorized by NRS 319. The Division provides low interest rate
mortgages and down payment assistance to qualifying individuals and provides
funding for affordable multi-family housing developments for seniors and
families. In addition, the Division
oversees the Hardest Hit Fund, which assists homeowners at risk of default or
foreclosure.
###