CONTACT: Raytevia Evans, Director of Communications | revans@voa.org
ALEXANDRIA, Va., Dec. 19, 2024 – Volunteers of America National Services (VOANS) welcomes Debashish Chakravarty as the vice president of real estate development, effective Dec. 16. Chakravarty joins VOANS with more than 15 years of real estate development, project management and real estate finance experience gained while working in the county government, housing authority and nonprofit sectors.
As the vice president of real estate development, Chakravarty will be responsible for leading the organization’s real estate development, acquisition and/or recapitalization of affordable housing projects and other real estate initiatives across the nation with the goal of increasing VOANS impact in the affordable housing industry.
In his previous role as associate director of real estate finance with Fairfax County Department of Housing and Community Development in Virginia, Chakravarty and his team completed closings on nearly 800 affordable housing units worth more than $4 million. He also successfully obtained bond issuance approval for several 4% low-income housing tax credit (LIHTC) deals and completed closings on over $130 million in construction financing and more than $286 million in bond financing.
“I am delighted to have Debashish join the VOANS team,” said Dejernette Beaty, senior vice president of housing. “His exceptional leadership, combined with his extensive real estate and finance experience, will be instrumental in expanding our reach and maximizing our impact on affordable housing across the nation.”
Chakravarty has a Juris Doctor from Suffolk University Law School; a Master of Science in Public Policy and Management from Carnegie Mellon University; and a Bachelor of Arts in Spanish and International Studies from Case Western Reserve University. He is also a recipient of the 2021 Fairfax County Redevelopment and Housing Authority Conrad Egan Award for Excellence in Achievement.
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About Volunteers of America National Services
Volunteers of America National Services (VOANS), a subsidiary of Volunteers of America, provides affordable housing and healthcare services in over 40 states and in Puerto Rico. The organization employs over 2,000 dedicated staff who provide high quality services and care to our clients. As one of the largest non-profit affordable housing owners/operators in the nation, the VOANS portfolio includes over 240 properties and 15,000 affordable housing units. VOANS also operates senior healthcare programs, including independent living, assisted living, memory care, home health care, adult day care and Programs for all Inclusive Care for the Elderly (PACE). Learn more at www.voans.org.
About Volunteers of America
Volunteers of America is one of the nation’s largest, established comprehensive human services organizations with 16,000 mission-driven professionals, dedicated to helping those in need rebuild their lives and reach their full potential. Founded in 1896, the faith-based nonprofit has programs in 46 states, the District of Columbia, and Puerto Rico, serving more than 1.5 million people a year. Learn more at www.voa.org.
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