Beth Stohr
Beth Stohr is one of the nation’s top affordable housing investors through the low-income housing tax credit (LIHTC) program.
Odell Mitchell Jr.
Beth Stohr
She’s one of the forces behind U.S. Bancorp Community Development Corp. (USBCDC), which has invested $19.4 billion in affordable housing, historic, alternative energy, and New Markets tax credits since 1998. About $7 billion of that has been through LIHTCs, and Stohr has been involved in the lion’s share of those deals, which have helped produce more than 40,000 affordable housing units across the country.
When she joined USBCDC in 1997, the joke was the department doubled in size—Stohr was the second employee to join. Now, there are more than 300.
“We’re focusing on our strategic framework,” says Stohr, director of new production, affordable housing tax credit investments. “We’re trying to broaden that sweet spot between our customers’ needs and the bank’s capabilities. It’s a competitive landscape, and we’re looking at how we can have even more overlap with our clients and serve them better.”
In 2015, U.S. Bank’s community lending team became part of USBCDC. USBCDC was among the earliest banks to make LIHTC investments both directly with developers and through multi-investor funds—a move that’s broadened the team’s perspective and expanded its vast network of business relationships.
Stohr is one of the LIHTC industry’s leading voices, whether she’s explaining changing market conditions or calling for deals to maintain strong underwriting.
She serves on the boards of the Affordable Housing Tax Credit Coalition and Enterprise Community Partners, as well as AHF’s editorial advisory board. Stohr’s also been active with the Affordable Housing Investors Council.
