Wells Fargo appointed Vince Toye head of Community Lending and Investment (CLI). He will report to Mark Myers, head of Commercial Real Estate.
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“Vince is a proven leader in affordable housing and community development finance,” Myers said. “I am confident that his passion for this work, paired with Wells Fargo’s deep commitment to affordable housing and community development, will result in our CLI platform continuing to grow in its impact as we help support communities across the U.S.”_x000D_
Toye was most recently the government-sponsored enterprise head of production for Wells Fargo Multifamily Capital, which specializes in financing through Fannie Mae and Freddie Mac programs. In that role, he worked closely with the CLI team on the financing of affordable housing developments. Toye also held multifamily capital and community development lending roles for Wells Fargo predecessors Wachovia and First Union and was previously responsible for Multifamily Customer Management at Fannie Mae.
“Wells Fargo has long been a leader in community lending and investment, and I look forward to building on that success to further the impact we have on the communities with the greatest needs,” Toye said. “By increasing collaboration across the bank, including with other parts of the Commercial Real Estate platform, we can bring together more resources and financial solutions to support the development of affordable housing and other community projects at a time when the need for such projects seems limitless.”
