Board of Directors

JOSEPH L. SHERMAN
President of Rainbow Board of Directors

Mr. Sherman is the President and co-founder of The Reliant Group, a sophisticated team of investment and management specialists, focusing on tax-exempt finance, tax credits, construction and rehabilitation, and adaptive re-use projects. Mr. Sherman founded Rainbow in 2002. He has founded several other nonprofit housing organizations and serves on the Board of the Bay School in San Francisco, an independent high school focusing on science and technology.

GARY SILVERSMITH
Secretary and Chief Financial Officer of Rainbow Board of Directors

Mr. Silversmith has served since 1991, as President and owner of P&L Investments, an asset management, investment, and advisory company based in Washington, D.C. Mr. Silversmith has been at the forefront of The Brownfield movement, by remediating environmentally challenged properties throughout the country. Mr. Silversmith serves on the boards of numerous nonprofits, including The Boy Scouts of America, (the largest youth organization in the United States) and he is a Trustee of both National Jewish Hospital in Denver and Washington University in St Louis. He is also on the Advisory Board of the Georgetown University Law Center, where he graduated with two degrees.

JOSHUA ALLEN SR.
Director

Mr. Allen is the President of J. Allen Management Company, a fully integrated management firm operating in Texas and Louisiana that specializes in managing troubled multifamily properties, especially affordable housing communities. Mr. Allen was recently selected to be the President of the Texas Apartment Association, where he is the first African American to hold that position.

HUGH COBB
Director

Mr. Cobb is Chief Operating Officer of Capstone Real Estate Services. This portfolio includes multifamily conventional, affordable, and senior-independent communities. He joined Capstone in 1994, growing the company to one of the largest third-party fee managers in the nation over the past 17 years. Mr. Cobb has over 28 years of real estate experience and has held executive positions with such notable companies as The Trammell Crow Company and Integrity Properties. He holds his CPM designation and is a member of the Dallas IREM Chapter. He has also served IREM National as Public Relations Advisor. Mr. Cobb has served on the Advisory Board of Apartment Life and on the Board of The Fatherless Network, both nonprofits focused to strengthen families. He presently serves on the Board of the Dallas Apartment Association and in the Leadership Lyceum of the Texas Apartment Association.

K. NICOLE FLORES
Director

Ms. Flores is Senior Vice-President joined CREA in October, 2010 and is responsible for identifying and evaluating potential investment opportunities in affordable housing properties located throughout the United States. Prior to joining CREA in 2010, Ms. Flores served for seven years as a senior vice-president of originations with a national banking institution, and focused on originating equity and debt finance opportunities throughout a seven-state region comprised largely of the Southwestern United States, from Mississippi across to Arizona. Before joining the syndication and finance side of the affordable housing business in 2003, she was instrumental in the development and construction oversight of approximately 2,500 apartment units located throughout major metropolitan areas in Texas and the greater Denver, Colorado area. Duties included all aspects of land negotiation and acquisition, project design, budget development, scheduling and finance packaging. Various finance techniques were utilized alone or in combination for successful developments including federal mortgage insurance programs, tax-exempt bond financing, low-income housing tax credits (LIHTC) as well as conventional financing. Ms. Flores received her Bachelor of Arts degree from California State University at Fullerton and is an ex-officio member of the Board of the Texas Affiliation of Affordable Housing Providers (TAAHP), an organization which is instrumental to housing policy and legislation in Texas.

KEITH B. ROSENTHAL
Director

Mr. Rosenthal is the Co-Founder and President of Phoenix Realty Group (PRG), where he oversees strategic planning and implementation, and new business development. Prior to forming PRG, Mr. Rosenthal had extensive experience with tax credit syndication, and created a tax exempt bond conduit program and formed significant joint venture relationships with community-based development organizations. Mr. Rosenthal has been an adjunct professor at the Real Estate Institute of New York University, a board member of the Affordable Housing Tax Credit Coalition, and the National Housing and Rehabilitation Association.

SHEILA D. HARRIS
Director

Dr. Harris has been involved in the development of affordable housing for over 30 years. She has taken a multi-disciplinary approach to her work and as a result has amassed significant knowledge and experience in the field.

Her employment career includes serving two Arizona Governors. She is the founding Director of the Arizona Department of Housing and Arizona Housing Finance Authority. During her nearly six-year tenure in those positions, she oversaw the financing of more than $1.5B in housing and community economic development.

In addition to her public service and work experience, Dr. Harris received her doctorate in Public Administration from Arizona State University. Her dissertation focused on the creation of affordable housing. She holds a Master’s degree from the University of Kansas and a Bachelor’s degree from Ottawa University.

Dr. Harris has been very active in the community and has served on numerous boards and commissions including 12 years as a publicly elected school board member, former President of the Phoenix Chapter, and current Treasurer of Lambda Alpha International Honorary Society, and is a member of the Board of Stewards of the Frank Lloyd Wright Foundation. She was appointed by then Chairman Greenspan as a member of the Federal Reserve Bank of San Francisco where she served for six years (1999-2004) and served at Deputy Chair of the board for nearly two years. Dr. Harris was the first Arizonan to be chosen to serve on the head office board.

In 2011, she established Sheila D Harris Consulting Services and in that capacity she shares her expertise in housing and economic development activities. Activities include acquisition, rehabilitation, and development of multifamily and single-family developments, as well as consulting services for private sector, local, county, state and federal governments, and tribal entities.