MATTHEW A. RIEGER At the helm of multifamily developer Housing Trust Group, president and CEO Matthew Rieger oversees the firm’s $3 billion portfolio while working to change the industry’s perceptions of what affordable housing can be. An 18-year veteran of the industry, Rieger believes affordable housing can be modeled after environments typically found in high-end, luxury apartment communities. Case in point is Hudson Village, a 100% affordable community in the heart of downtown Hollywood, FL. The property has terrazzo-like porcelain flooring, plush furniture and a custom-designed Murano glass sculpture in the lobby, giving it the look of a high-end boutique hotel. Developing beautiful communities for residents who fall into the low-income or extremely low-income demographic allows Rieger and HTG to give residents a sense of pride in their homes and build support among community officials and leaders. HTG is a sought-after development partner to a variety of organizations, agencies, nonprofits and municipalities — leading to land-grant opportunities, new sources of funding and increasingly ambitious projects. For example, HTG is now on its eighth affordable housing collaboration with NBA Hall of Famer Alonzo Mourning’s nonprofit AM Affordable Housing, and in both Miami and Fort Lauderdale, HTG was approached by local churches to help build housing for seniors on church-owned land. A third-generation native of Miami, Rieger is a former corporate and real estate attorney who worked at a large law practice before joining the family business in 2004 as general counsel. He has served as president and CEO of HTG since 2011, where he has focused on expanding HTG’s capacity and development pipeline, both in the affordable and market-rate apartment categories. Rieger leads every aspect of HTG’s business, including development activities, talent acquisition, relationships with joint-venture partners, lenders/funding organizations, and state and local officials.
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