The Laurie Mitchell Employment Center (LMEC) was established as a consumer-operated drop-in center in 1995 by a group of people with mental health issues who wanted to support other people in their situation with increased opportunities for socialization
As Director of Capital Markets, Multifamily Division, Fannie Mae, 1989-1998, Marialice was responsible for closing more than $10 billion of multifamily mortgage-backed securities transactions.Additionally, she created and named the ACESsm program whereby Fannie Mae issued its first senior/subordinate mortgage-backed securities.Before leaving Fannie Mae, Marialice won an award for "Deal of the Year" for closing a mortgage-backed securities transaction where insurance was used as loss coverage and credit enhancement for a pool of small apartment building mortgages.Marialice also chairs the Secondary Market for Affordable Housing and CRA Sub-Committees of the American Bar Association's Real Property, Probate and Trusts Committee. From 1995 to 2001, Marialice was the Board Chairperson of the District of Columbia Housing Finance Agency.During her tenure, the agency developed many innovative programs, including being the first HFA to securitize its McKinney Act Funds.A visionary, and product development specialist in creating innovative solutions and securitization executions to enable affordable housing and CRA loan products access the capital markets, as well as small to medium sized financial institutions attain liquidity and balance sheet regulatory relief, Marialice is dedicated to making the secondary capital market accessible to all.An attorney, housing consultant and insurance broker, Marialice has a B.S. degree from Wheelock College (Boston) and a J.D. degree from George Washington University (Washington).
Marialice B. Williams, B.A., J. D.Ms. Williams is a highly accomplished attorney and businessperson.She is skilled and experienced in marketing and business development.Ms. Williams is a proven talent in real estate finance with demonstrated knowledge and creativity in lending and underwriting strategies that have generated significant enhancements for affordable housing in underserved markets and communities. Her prior career experience includes executive leadership for a number of organizations concerned with strengthening economically challenged communities.Ms Williams served as the Executive Director for a Legal Services Corporation subsidized law practice in New Mexico that provided services to urban and rural Native American, Hispanic and African American impoverished communities.She has also led the Washington D.C. National Capital Chapter of the American Red Cross and directed the marketing efforts for Fannie Mae's Multifamily Mortgage Backed Securities ( MBS ) department, an operation that processed billions of dollars in transactions. Ms. Williams brings to HHIher long history of service and compassion for the underserved.Based on that history and her dedication to community building, Ms. Williams is able to build effective and credible connections to the community and Faith Based Organizations (FBOs).She posses a keen understanding of the service oriented principles that guide their missions.While at Fannie Mae, Ms. Williams developed and put into service the first financial model ever to eliminate the need for creation of subordinate securities in an MBS securitization.Her creation of this finance tool and program made it possible for affordable housing mortgages to reach the secondary market in a cost efficient manner.Ms. Williams is keenly aware that discrimination in the secondary capital markets impedes efficient and cost effective movement of capital to and from community development organizations, small community financial institutions and self-help organizations.This awareness has driven Ms. Williams to continue her development of other innovative financial products and special purpose entities that under the control of CDCs or FBOs can eradicate such financial discrimination.Ms. Williams possesses strong expertise and has extensive relationships, networks, and experience in the capital markets.With these assets she enables HHI to provide specialized technical assistance and guidance to FBOs and intermediary organizations.With her assistance FBOs and intermediary organizations can organize and deploy highly efficient and effective financial models, products, and strategies.These organizations may use these to generate affordable housing and execute economic empowerment initiatives that attract and involve significant direct and indirect federal assistance.Based on these capacities, Ms. Williams currently consults to the District of Columbia Department of Mental Health to ensure availability of appropriate special needs and affordable housing for the mentally challenged.As the former chair of the District of Columbia Housing Finance Agency, she helped the agency use McKinney Act funds in an innovative manner.Ms. Williams has served on community based, social services and corporate boards that include: the Mid-Atlantic Regional Board of the American Red Cross; Columbia Recovery; WPFW Radio Advisory Board, a member station of the Pacifica Foundation; Project 2000; and State Bond and Mortgage Company.She serves on the administration board of Zion Baptist Church in Washington, D.C.Ms. Williams's former Federal career service includes the U.S. Justice Department; the Women's Bureau of the U.S. Department of Labor; and the White House.She is a graduate of St. Margaret's School in Waterbury, CT and received her B. A. and J. D. degrees from Wheelock College in Boston, MA and George Washington University Law School in Washington, D.C. respectively.
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