Hamilton, NJ – April 8, 2013 – (RealEstateRama) — The New Jersey Builders Association (NJBA), the voice of New Jersey’s building industry, announced today that Timothy J. Touhey, CEO, resigned effective April 12. He has accepted a position as Senior Vice President with Investors Bank beginning on May 6.
“I am honored to have had the opportunity to work with the talented professionals within NJBA and the development community and will continue to be an active participant to policy issues affecting real estate development,” states Touhey “Although I will miss working in Trenton, I am eager to get back into the finance community where I have spent the majority of my career.”
Touhey is considered one of the leading authorities on real estate in New Jersey. He is recognized for the work that he has done over the past six years for NJBA, its members and the building industry. Touhey is included on several prestigious lists compiled by NJBIZ including the Top 100 Leaders in Business, as well as its Power 50 People in Real Estate.
Touhey is well-known for his market insight and ability to move initiatives forward. He has helped NJBA develop strong relationships with key state agencies and legislators to give the Association a voice in Trenton. Under his direction, NJBA has been successful in lobbying for numerous pro-growth initiatives including The Permit Extension Act, Time of Application and the Age Restricted Conversion legislation, to name a few.
Before joining NJBA, Touhey served as the Lead Director of the Northeast Community Business Centers for Fannie Mae. He established partnerships with lenders, private sector firms, not-for-profit organizations, and government officials to help solve local housing problems and expand homeownership opportunities for the underserved. During his tenure, Touhey managed more than $100 billion of investments to increase homeownership and affordable rental units.
Prior to joining Fannie Mae, Touhey was the executive director of the state Housing and Mortgage Finance Agency (HMFA) where he approved $2.2 billion of housing finance. He served as vice chair of the Council on Affordable Housing (COAH). He served on Governor Christie’s transition team, Governor Corzine’s Real Estate Advisory Group Financial Subcommittee, and Governor Codey’s Mental Health Task Force. Touhey was also the chairperson of the State of New Jersey State Planning Commission and co-chair of Homes for New Jersey.
About the New Jersey Builders Association (NJBA)
The New Jersey Builders Association (NJBA) is the leading trade association for the construction industry. Members include residential and commercial builders, developers, remodelers, subcontractors, suppliers, engineers, architects, consultants and other professionals. NJBA serves as a resource for its members through continuing education and advocacy. NJBA and its members strive for a more vibrant, greener, and affordable housing market in New Jersey. Additional information is available at www.njba.org.