Joe Armstrong - President of MCR

After graduating from the University of Massachusetts in Amherst, Joe started his career serving three years as a site manager for a mixed-income apartment communities in Western, MA. Becoming interest in the rental assistance part of that position, Joe then joined HUD’s Housing program staff in 1988 as a Senior Asset Manager. In this capacity, he provided regulatory oversight for a portfolio of over 35 multifamily properties participating in a variety of HUD rental subsidy and FHA Insured Mortgage programs.

Assigned later as one of three Preservation Specialists in Massachusetts, Joe was instrumental in developing precedent-setting Preservation deal structures between 1989-1996 using the ELIHPA (Title II) and later LIHPRHA (Title VI) Preservation programs. As part of these duties, Joe represented HUD’s Boston Office of Housing at regular “Preservation Roundtables”, sponsored by the New England Affordable Housing Management Association (NEAHMA) and other leading trade associations, providing ongoing detailed technical updates to all aspects of HUD’s Preservation programs as they continued to evolve.

In addition, Joe co-authored Asset Management Rent Increase guidelines for the future oversight of closed ELIHPA and LIHPRHA transactions and designed and presented Expiring Use Preservation training programs for both the HUD Office of Housing and Housing Finance Agencies throughout New England. Since starting MCR, Joe has advised large and small affordable housing portfolios alike on HUD programs and technical requirements, serving as Affordability Consultant on thousands of units of long term affordable rental housing.

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