News Column

NeighborWorks America names two housing and finance industry veterans to top positions

June 28, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- NeighborWorks America announced that it named Peter N. Carey, acting Chief Operating Officer (COO), and Thomas Bloom acting Chief Financial Officer. Both will report to Chuck Wehrwein, acting Chief Executive Officer.

Carey, who is retiring June 30 after nearly 25 years as the CEO of Self-Help Housing, Visalia, CA, will join NeighborWorks America on July 18. Self Help is a nonprofit organization and member of the NeighborWorks network that has developed more than 7,000 single- and multi-family homes since its start in 1975. As acting COO, Carey will oversee the organization's divisions of field operations, national initiatives, training and organizational assessment.

Bloom is currently senior deputy controller for management and chief financial officer for the Office of the Comptroller of the Currency (OCC). He's held that position since December 2003. The OCC holds a statutory seat on the NeighborWorks America Board of Directors. The current chairman of the NeighborWorks America board is Thomas J. Curry, Comptroller of the Currency.

"As the current Chairman of NeighborWorks America and a long-time supporter of its mission, I am personally committed to its success, and I appreciate Tom sharing his considerable expertise and experience with NeighborWorks while they search for a permanent CFO," Mr. Curry said.

As acting CFO, Bloom is directly responsible for financial planning and budget forecasting. He is also responsible for the preparation and submission of the corporation's budget to its Board of Directors and to the Office of Management and Budget.

"Pete and Tom bring experience and leadership that are aligned with the NeighborWorks America mission and will enhance the ability of our organization to support and strengthen the ability of nonprofit organizations around the country to build stronger communities one household at a time," said Wehrwein.

Carey joined Self-Help in 1975 and held a variety of increasingly responsible positions within the company before becoming CEO in 1990. Among these were director of programs from 1986-1989 and program director for housing rehabilitation beginning in 1982.

In addition to holding the top position in a multi-million nonprofit organization that has developed more than 7,000 single- and multi-family homes. Carey was Mayor of Visalia between 1989-1993, and board member and acting chairman of the California Housing Finance Agency from 2004-2013.

Prior to being named senior Deputy Controller at the OCC, Bloom was among the senior leadership at the agency and in the U.S. Treasury department, including interim CFO for the Office of Financial Stability, which was instrumental in the planning and management of the Troubled Asset Relief Program (TARP).

Bloom has decades of experience in financial administration and management, having been assistant secretary for administration and CFO at the U.S. Department of Commerce, CFO at the General Services Administration, and Director of the Defense Finance and Accounting Service.

Keywords for this news article include: NeighborWorks America, Finance and Investment, Government Agencies Offices and Entities.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Investment Weekly News