Edmond de Rothschild Real Estate Investment Management (REIM) has appointed Richard McCarthy as chairman of FAHHA – the for-profit housing association subsidiary of Funding Affordable Homes (FAH), its UK affordable housing fund.
McCarthy, who has vast experience in the UK housing sector, has stepped up from vice chair to chair, replacing Keith Jenkins, who has been chair since 2015.
DJ Dhananjai, the newly appointed chief investment officer of Edmond de Rothschild REIM (UK) and Karen Cooksley, who has more than 30 years’ experience as a planning and housing lawyer, have also been appointed to the FAHHA board.
McCarthy said: “With thanks to Keith Jenkins for his excellent stewardship of the FAHHA board, I am delighted to now step into the role of chair of FAHHA. I look forward to working with EdR to take the affordable housing strategy through its next phase of growth, delivering high-quality, efficient affordable homes that are urgently required across the country.”
