RISMEDIA, April 16, 2008-The National Association of Home Builders (NAHB) announced that Steve Patterson, president and CEO of Orlando, Fla.-based ZOM USA, was appointed chairman of its Multifamily Leadership Board during the Board’s spring meeting held last week in Colorado Springs, Colo. Patterson succeeds Leonard Wood, founding partner of Atlanta-based Wood Partners, and will serve a two-year term.
“The Multifamily Leadership Board is NAHB’s forum for the nation’s largest and most prominent apartment and condo developers, and we are delighted to have another strong, visionary leader chairing this important group,” said NAHB President Sandy Dunn, a home builder from Point Pleasant, W.Va.
A 27-year veteran of the residential and commercial real estate industry, Patterson has achieved marked success as head of ZOM. Patterson has overseen the development of more than 15,000 apartments and condos throughout the Southeast and created a company portfolio valued at more than $2 billion. In 2003, NAHB honored the company’s property management division, ZOM Residential Living, with a prestigious Pillars of the Industry Award for Best Property Management Company of the Year.
As chairman of the Multifamily Leadership Board, Patterson’s main focus will be on the group’s advocacy efforts.
“Having a strong political agenda is particularly crucial now that the overall housing market is in a downturn,” said Patterson. His primary goals include ensuring consensus among Multifamily Leadership Board members on important issues and communicating the needs of apartment and condo developers to the association and to public officials.
Past chairs of the Multifamily Leadership Board include Ron Terwilliger, CEO of Trammell Crow Residential and Tom Bozzuto, CEO of The Bozzuto Group. Patterson is a founding member of the Multifamily Leadership Board, which NAHB established in 2000 to help formulate NAHB’s multifamily agenda. The CEOs of about 50 of the industry’s largest multifamily development firms currently serve on the Board.
The Board’s current priorities include supporting measures that restore the health of the capital markets, income tax legislation, voluntary green building initiatives for multifamily housing, and protecting affordable housing funding programs. The Board will also continue to promote the benefits of apartment and condo living and encourage smart growth initiatives that include higher density housing.
For more information, visit www.nahb.org.