Eileen Neely

Eileen Neely

Eileen Neely led Living Cities’ Capital Innovation work. She managed the Catalyst Fund and was pivotal in Living Cities efforts to explore and test Pay For Success financing models.

Eileen Neely joined Living Cities in December 2012 as the Associate Director of Capital Formation. Prior to joining Living Cities, she was the Director of Strategic Planning at the District of Columbia Housing Authority since May 2011. In this position, Eileen oversaw the development, implementation and measurement of the Agency’s Strategic Plan and Moving to Work Plan.

Previously Eileen was the Chief Operating Officer of the Fresno Housing Authority in Fresno, California. Eileen assisted the Executive Director in the transformation of the Housing Authority – changing the corporate culture, establishing a broader role within the community, modernizing business practices, tightening financial controls, and expanding their programs to serve more low- and moderate-income families. She was responsible for all the internal operations of the Housing Authority, including Accounting and Finance, Information Technology, Human Resources, and Communications and Public Relations.

Prior to moving to Fresno, Eileen was the Director of Public Entity Lending at Fannie Mae in Washington, DC. At Fannie Mae she provided technical assistance and financing to cities, counties and housing authorities throughout the country to help them address their pressing housing needs. Eileen started at Fannie Mae as the Manager of Economic Forecasting where she developed the company’s forecast for the economy, including interest rates, housing indicators, and other measures of the economy.

Eileen has her Master’s Degree in Economics from Carnegie Mellon University in Pittsburgh, PA, and her Bachelor’s Degree in Mathematics and Economics from Hiram College in Hiram, OH.

Eileen Neely

Contributing Articles

What We Learned About Collective Impact Through Raising the Blended Catalyst Fund

Living Cities launched the Blended Catalyst Fund, to invest in and test innovative approaches to solving urban problems. Here is some of what we learned through raising the Fund. A year ago, Living Cities today launched the Blended Catalyst Fund, a $36 million impact investing debt fund that tests innovative approaches to solving urban problems. The Blended Catalyst Fund combines …

Pay for Success: To Invest or Not to Invest? Identifying a Government Champion

Although we were initially drawn to Pay for Success as an innovative way to use capital, we quickly realized that PFS can drive public sector innovation as well. A government champion is critical for driving enduring systems change through PFS transactions. We’ve launched our Pay for Success: To Invest or Not to Invest? series to walk others through how we decide which …

Pay for Success: To Invest or Not to Invest? Assessing the Impact

First and foremost, we believe Pay for Success projects should help improve the lives of low-income people in American cities. With all of the new projects coming onto the market, the first question that we ask is: what will the impact be? We’ve launched our Pay for Success: To Invest or Not to Invest? series to walk others through how we decide …

How the Pay For Success Construction Loan Can Expand Social Impact [INFOGRAPHIC]

We’ve illustrated how the new Pay for Success “Construction Loan” can break-down barriers posed by upfront costs and create opportunities to scale Pay for Success Project Development. We must use private capital to address today’s complex problems. We will not be able to grant our way out of them. But to attract that capital, there need to be financing vehicles …

Contributing Resources

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