Katie Such Named Head Of Regions Affordable Housing

Housing finance veteran Katie Such has been promoted to head of Affordable Housing at Regions Bank as Rob Chiles is set to retire.

Chiles has been with Regions for 15 years and in the financial services industry for 35 years. Under his leadership, Regions facilitated $7.7 billion in affordable housing investments, according to a press release.

“Providing financial services that, in turn, enable new affordable housing developments truly represents one of the most powerful ways Regions can benefit clients and communities. Throughout his time with Regions, Rob has championed superior service while fulfilling our mission to make life better,” Mike Smith, head of Real Estate Banking for Regions, said.

Such has been with Regions Affordable Housing since 2016, when she joined as head of Distribution and Investor Services. In 2019 she was promoted to operations manager, taking charge of its underwriting, investment, legal, and asset-management functions.

“Safe and stable housing opens a world of possibilities for people, and it is an honor to build on the legacy Rob established during his time at Regions,” Such said.

“Regions has a strong record of working with large proprietary and multi-investor clients and developers to provide effective solutions that meet their unique goals. The result is helping connect more people with more high-quality housing options.”

Prior to Regions, Such worked in affordable housing at PNC Bank and previously served as deputy executive director for the Housing Authority of Portland, now known as Home Forward.

Regions Affordable Housing LLC is part of Regions Financial Corporation, which operates in the South, Midwest, and Texas. It is one of the nation’s largest participants in affordable housing finance through the LIHTC program, a Fannie Mae DUS Multifamily Affordable Lender, and HUD/FHA Affordable Lender.

It was created in 2018 when its parent company merged its two affordable housing businesses, Regions Community Investment Capital and Regions First Sterling.

Recently, it facilitated an equity investment for a senior housing development in Montgomery, AL.