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. Mr. Altoro has an extensive 29-year banking career in both residential and commercial lending. Most recently, 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 options in Southeastern 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 (FCI), he advised on the CDFI’s loan fund investments in education, health, housing, and entrepreneurship to help build strong communities throughout the state. Furthermore, he served on FCI’s New Markets Tax Credit committee to bring additional investment resources to the state of Wisconsin.
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.
As a former City Plan Commissioner for the City of Milwaukee, Mr. Altoro understands Milwaukee’s dynamic community and is well acquainted with diverse neighborhoods to serve their socioeconomic and affordable housing needs. 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 advancing WHEDA’s mission throughout Wisconsin and is cultivating an ecosystem of greater equity in affordable housing and economic opportunity.
He is a member of the Governor’s Interagency Council on Homelessness; board president of the WHEDA Foundation, Inc.; a board member of Lift Wisconsin, a Community Development Entity; a board member and executive committee member for the National Council of State Housing Agencies; 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; 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. He has received the “Be the Change” award from the Milwaukee Urban League and has been recognized as a “Milwaukee Game Changer,” by MKElifestyle magazine.