Chris Paul

Chris Paul

Christine (Chris) Paul, Esq., Vice President of Development, brings 15 years of affordable housing and community development experience to Diamond and Associates. From her early experience in social work to her more recent successes in real estate law, affordable housing development and banking, Chris has obtained a keen eye for all aspects of affordable housing development. At Diamond, Chris is charged with providing technical expertise to clients in order to guide and support them through their development process from concept and site selection to occupancy and stabilization. Chris will also support Diamond in its own real estate development activities and will contribute to the growth of Diamond development activities.

Prior to joining Diamond, Chris served as a Wholesale Loan Administrator in Wells Fargo Bank’s Community Lending and Investment division, working with the construction debt platform for low income housing tax credit (“LIHTC”) transactions as well as assisting with workout transactions. While at Wells Fargo, she closed deals in multiple jurisdictions, including New York City, New Jersey, the District of Columbia, Virginia, Pennsylvania, Maryland and Florida. Her responsibilities included documenting and booking loan modifications and managing the documentation of loan facility originations in conformance with approved loan terms, managing outside counsel and reviewing all due diligence related to collateral and repayment sources. The loan facilities she originated ranged from $4MM to $30MM in size and included construction loans for 9% LIHTC deals, letters of credit to credit enhance bond issuances in 4% LIHTC deals, private placement bond purchases in 4% LIHTC deals, a New Market Tax Credit (“NMTC”) origination and the refinancing of an NMTC facility. Her modification and workout portfolio included, among other facilities, a Capital Fund Financing Program loan to the Housing Authority of the City of Sanford, a for-sale condominium development in New York City and a line of credit to the Philadelphia Housing Authority.

Prior to joining Wells Fargo, Chris was Real Estate Development Coordinator and In-House Counsel at the Women’s Community Revitalization Project. In that role, Chris was responsible for overseeing WCRP’s development of both housing and community facilities, with primary responsibility for working to assemble the financing for new affordable developments as well as for the preservation of WCRP’s existing communities. Her deals at WCRP were located in Philadelphia and ranged in size from 25-77 units, with project budgets in the $10-$15MM range. She supervised the facilities development consulting staff who provided technical assistance on projects ranging in size from $1M to $3MM, developing child care and other community facilities.

Chris also served as Vice President for Legal Services at Friends Rehabilitation Program, Inc. where she worked on LIHTC and homeownership development projects, ranging in size from 10 units to 90 units with project budgets in the $2.5-$18MM range. She also served as corporate counsel and advised the organization on corporate housekeeping matters for its various subsidiary entities. She has served as a Clinical Instructor and Director of the Temple University Beasley School of Law Center for Community Nonprofit Organizations, where she and her students represented new and small community-based nonprofits engaged in community revitalization efforts and provided a semi-annual seminar on forming a nonprofit organization. Chris started her affordable housing and community development career as a Staff Attorney for Regional Housing Legal Services, representing a range of non-profit community development organizations in Pennsylvania. She closed her first housing development deal at Regional Housing and also provided representation and technical assistance to a number of housing nonprofits which were undertaking community facilities development. Her deal sizes at Regional Housing ranged from $1.5MM-$10MM.

Prior to and during law school, Chris worked in homeless services in Philadelphia, for Project H.O.M.E., Bethesda Project and the Mental Health Association of SEPA.

She earned her BA at Georgetown University and her MA and JD at Temple University. Chris maintains her license to practice law in Pennsylvania. She was Chair of the Real Property Section of the Philadelphia Bar Association in 2009 and active on its Executive Committee for 8 years. She currently serves on the boards of Regional Housing Legal Services, Pensdale Village I and II, and My Place Germantown. She has also been involved in launching a PA chapter of Women in Housing and Finance and is co-chair of the Steering Committee for that nascent group. Chris grew up in a Philly suburb and has spent her adult life living and working in Philadelphia.