Joaquín J. Altoro,
WHEDA Chief Executive Officer
Governor Tony Evers appointed Mr. Joaquín Altoro as WHEDA’s CEO and Executive Director effective June 3, 2019. WHEDA has nearly 50 years of financial strength, fiscal responsibility and industry expertise that has improved housing quality and economic vitality in Wisconsin. WHEDA is a self-supporting public corporation that receives no state tax dollars for its operations; as a lender it has $2.8 billion in assets.
Mr. Altoro has an extensive 30-year banking career in both residential and commercial lending. Prior to his appointment as WHEDA’s CEO, he served as Town Bank’s Vice President of Commercial Banking. At Town Bank, he successfully utilized federal Housing Tax Credits to advance affordable housing in Wisconsin. Throughout his career, Mr. Altoro has served on numerous boards and advisory committees to help rural and urban populations meet their unique economic development needs. While a board member for Forward Community Investments, he advised on the CDFI’s loan fund investments and served on its New Markets Tax Credit committee to bring additional investment resources to the state of Wisconsin.
As CEO, Mr. Altoro is strategically positioning WHEDA to leverage affordable housing in a more holistic way to grow economic prosperity in all types and sizes of communities, in particular marginalized communities that have been underserved for decades. His unique approach is amplifying WHEDA’s mission throughout Wisconsin and is cultivating an ecosystem of greater equity in affordable housing and economic opportunity.
Under Mr. Altoro’s leadership, WHEDA is bringing together communities, developers, lenders, and stakeholders to leverage their collective strengths. Efforts in driving systemic change include capacity building among community lenders, developing WHEDA’s Rural Affordable Workforce Housing Initiative and making improvements that expand the impact of the tax credit program.
Mr. Altoro has been an expert panel speaker for the Federal Reserve Bank of Chicago educating bankers on successful community development strategies on a local and a national level. He has also been an instructor at the Center for Financial Training, a continuing education program for bankers. His engaged, high-energy approach and previous entrepreneurial experience complements a strong business/quantitative acumen for advising community bankers across Wisconsin.
He is a member of the Governor’s Interagency Council on Homelessness; a member of the Governor’s Interagency Council on Equity and Inclusion; board president of the WHEDA Foundation, Inc.; a member of the Community Investment Advisory Council for the Federal Home Loan Bank of Chicago; a member of the Consumer Advisory Board of the U.S. Consumer Financial Protection Bureau; a board member and executive committee member for the National Council of State Housing Agencies; an advisory member of the Froedtert Hospital/Medical College of Wisconsin’s Community Engagement Committee; and an advisory board member for LISC Milwaukee.
Mr. Altoro has a Bachelor of Science in Business Management from Cardinal Stritch University. He has been recognized as one of the nation’s top 100 Business Journal Influencers for Finance and as one of the Milwaukee Business Journal’s 2020 Power Brokers.