ROCHESTER, NY (May 23, 2013)- After a lengthy national search, PathStone announces the hire of Monica C. McCullough, Esq. as Senior Vice President for Housing and president/executive director of PathStone Development Corporation.
Ms. McCullough has served as the Executive Director of Providence Housing Development Corporation, a Rochester-based affordable housing development and property management company affiliated with the Roman Catholic Diocese of Rochester since 2005. She manages operations of this organization throughout a 12-county region. The organization has a combined annual operating budget in excess of $5 million, a staff of 35, as well as a real estate portfolio of 23 properties and programs, providing in excess of 800 units of quality, affordable housing. Ms. McCullough has successfully developed eight properties from concept through construction and rent up. She has worked with numerous public and private funding sources involved in developing affordable housing. Additionally, she has refined operation of a 50-unit shelter plus care program for homeless individuals in recovery, and created new permanent housing for veterans through a HUD supportive housing program. The Providence portfolio is currently valued at $150 million. Ms. McCullough is well known and respected throughout the professional affordable housing network.
Ms. McCullough is very active in her community, currently serving as: board chair of South Wedge Planning Committee, board member of the Rochester/Monroe County Homeless Continuum of Care, and member of Altrusa of Rochester, Inc. Previously, she served as the treasurer of Corn Hill Neighborhood Association and past member of the Public Policy Committee for the Roman Catholic Diocese of Rochester.
In July 2013, Ms. McCullough will assume responsibilities for managing PathStone Corporation’s housing division, including supervision of 77 staff who are responsible for real estate development and a myriad of other housing services, including: homeownership counseling, foreclosure prevention counseling, homelessness prevention, housing counseling, rehab, energy, weatherization community revitalization and technical assistance to manufactured home communities interested in forming cooperatives. She will manage a budget in excess of $10 million, and provide oversight to PathStone’s housing programs and real estate development throughout New York, Pennsylvania, Ohio, Indiana and Puerto Rico.
In addition to extensive work experience, Ms. McCullough brings extraordinary academic credentials to her new responsibilities. She earned a Bachelor of Arts, Cum Laude, in Economics from University of Rochester; a Juris Doctor, Magna Cum Laude, from Syracuse University College of Law; and a Master of Public Administration from the Maxwell School of Public Administration at Syracuse University.
Ms. McCullough will assume leadership responsibilities for the real estate development and housing services previously managed by Mr. Lee Beaulac who retired in September 2012, and Ms. Susan Ottenweller who is retiring May 31, 2013; the two will provide guidance to Ms. McCullough as she integrates her expertise and strategic vision into our organization.