Darren leads Smith & Henzy’s Southeast and Midwest operations in all aspects of development. With over 30 Low-Income Housing Tax Credit (LIHTC) developments in Florida, Darren has grown Smith & Henzy to one of the top affordable housing development firms in the State. Since the inception of Smith & Henzy in 2014, he has led the financing and development of $1.6 billion of housing, with over 1,800 units currently in the portfolio and another 1,800 in development in Florida.
Under Darren’s direction, the Smith & Henzy Florida office, currently closes 6-8 transactions per year and is known for expeditiously executing complex financial structures that involve financing through a diversity of programs, such as 9% LIHTC for new construction, preservation and supportive housing, various forms of subordinate debt financing from the State of Florida and other Florida municipalities, HUD’s Section 18, Section 22, and RAD programs, and Freddie/Fannie tax credit financing. The Smith & Henzy Florida office focuses on development and ownership opportunities, often working to bring its nonprofits and Public Housing Authority partners’ development visions to life.
Darren grew up in public housing and therefore, is particularly committed to the redevelopment and preservation of public housing sites across the United States. His firsthand experience living in affordable housing fuels his drive to redevelop the most blighted communities and provide quality affordable housing to the families who need it most.
Darren’s experience reaches beyond Florida, as he has closed over $2 billion of 9%, 4%, 80/20 and Freddie/Fannie tax credit financing in New York, New Jersey, Washington D.C., Florida, Texas and California as a banker at Citibank. Prior to starting Smith & Henzy, Darren worked in Citi’s Municipal Securities division and specialized in community reinvestment related business. Darren holds a bachelor’s degree in Finance & Investment from Baruch College and is currently trustee member for the Baruch College Fund.