New Group to Be Led by Industry Veteran Ali Abdullah
For Immediate Release
BOSTON, MA, October 20, 2022 – Brookline Bank today announced it has established a new Community Development Lending and Investment Group dedicated to affordable housing. Industry veteran Ali Abdullah has joined the Bank as Senior Vice President, Community Development Finance, and Team Leader of the new group. The Bank has participated in multiple affordable housing projects for decades, working closely with local community development corporations, housing authorities, and private companies. The new Community Development Lending and Investment Group aims to create more affordable housing opportunities in the region.
“Brookline Bank understands that affordable housing is a critical need, not only in the greater Boston area, but all across New England. We are dedicating a team, led by Ali Abdullah, that is experienced in putting together financing to add more affordable housing to the market, and create investment opportunities as well,” said Bob Brown, Executive Vice President and Division Executive of Commercial Real Estate.
Abdullah brings more than 10 years of expertise in real estate investment banking and Low-Income Housing Tax Credits. He previously held positions at Alliant Capital and PNC Bank. He has a bachelor of arts from Earlham College in Richmond, Indiana, and a MBA from Boston University Questrom School of Business.
Ali Abdullah – Senior Vice President, Community Development Finance
617-927-4839 ● [email protected]
“It’s an exciting time to work with an organization like Brookline Bank, and with clients who want to pursue affordable housing development,” said Abdullah. “The lack of affordable housing is a trend that will continue for the foreseeable future, and we will do what we can to help with all aspects of lending and investment in this sector.”
About Brookline Bank
Brookline Bank is a subsidiary of Brookline Bancorp, Inc. (NASDAQ: BRKL), and is headquartered in Brookline, Massachusetts. A full-service financial institution, Brookline Bank provides individuals and businesses with deposit and lending services, residential mortgages and home equity lending, commercial and CRE banking, cash management and foreign exchange services, and access to investment and wealth management services. Brookline Bank has convenient locations across greater Boston and the North Shore. For more information go to brooklinebank.com. Brookline Bank is an Equal Opportunity and Equal Housing Lender. Member FDIC.