CARMEL, Ind. – Merchants Capital today announces the promotion of Julie Sharp and Linda Hill to Executive Vice Presidents. Sharp and Hill lead Merchants’ tax credit equity division and previously served as Senior Vice Presidents. Since launching the division in late 2020, Sharp and Hill have overseen the creation of a robust equity platform with unprecedented growth. In its first full year, the team successfully completed an equity raise of more than $248.3 million in both proprietary and multi-investor funds that will create or preserve more than 3,200 units in 13 states.
“Julie and Linda are two of the most talented professionals in the affordable housing industry and are even better leaders. These well-deserved promotions signal our company’s commitment to the tax credit equity space and our trust in Julie and Linda leading our equity division,” said Michael R. Dury, President and CEO of Merchants Capital. “In just over a year, they have built our equity division from the ground up into a national platform.”
Sharp joined Merchants in 2020 after serving at one of the nation’s largest tax credit equity syndicators where she was involved in raising capital and structuring fund investments valued at more than $1 billion across the U.S. In 2021, she was appointed to the Board of Directors for the Affordable Housing Tax Credit Coalition (AHTCC), a national advocacy group based in Washington, D.C. and is also a board member for the Indiana chapter of the Women’s Affordable Housing Network.
“The success of our equity division is a direct reflection of our team and a testament to the commitment, culture and creativity at Merchants Capital,” said Sharp. “I am grateful for the opportunity to lead our team's efforts alongside Linda and look forward to carrying our platform forward to address the critical need for affordable housing across the United States.”
Hill is an accomplished and recognized leader in the industry with a career spanning more than 25 years at two of the nation’s top syndicators and investment platforms. She joined Merchants in April 2021 and is responsible for managing equity relationships with top affordable housing sponsors across the country.
“Our success in 2021 truly speaks to the talent of the entire equity division, and I feel privileged to be able to continue leading this team alongside Julie as we move into the new year,” said Hill. “We hold a unique position in the industry as a full-service financing provider for affordable housing, and I am confident in our team's ability to continue executing high-quality deals for our clients across the country.”