Roy Diamond

Associate

Phone: (215) 644-9000
Cell: (215) 715-7700
Fax: (215) 732-7292
Email: roy@rittenhouseaffordable.com

Professional Experience

Roy has 39 years of experience as a developer of and consultant in support of the development of residential and commercial projects, with a focus upon the conception, financing, construction, implementation, management, and policy of multi-family affordable housing.  Roy has served as legal counsel and advisor to for-profit developers, community-based non-profits, local governments and their delegate agencies, and financing sources including private foundations, and he has served as the principal and manager of a for-profit development company.

Roy has advised, planned or built suburban as well as urban multi-family housing developments, including the acquisition and renovation of seasoned HUD-assisted properties, permanent housing for homeless families, historic renovations for market occupancy, modular construction of homes for first time home buyers, and projects for residents with physical and developmental disabilities. Within these various capacities of advisor, manager and developer, Roy has been responsible for the creation, financing and implementation of over 7,100 affordable apartments and homes, and $1.5 billion dollars in market and subsidized residential and commercial development work.

Roy has worked successfully with each of the affordable housing finance tools now available, including LIHTCs, Affordable Housing Program funds of the Federal Home Loan Bank system, Tax Exempt Bonds, RAD Project Based Vouchers, Section 9/ACCs, and Public Housing capital funds. He has successfully recapitalized occupied multifamily buildings originally financed with various HUD loan products.

Roy served as a Staff Attorney for Regional Housing Legal Services, Glenside, Pennsylvania, from March 1979 through March 1984. During this time, he provided legal and development advisory services to community-based non-profit organizations with a focus in North Philadelphia and Montgomery County.  In March 1984, Roy joined Rouse & Associates as the President of its Rouse Urban Housing affiliate.  In that capacity, he built a full-service development, construction and property management company with a focus on affordable multifamily housing. In May 1990, Roy founded Diamond & Associates, a real estate advisory firm specializing in affordable multifamily housing development.

In 2006, Roy joined with two partners to form Multifamily Management of Philadelphia, which provides property management services in the affordable housing industry for currently 1,250 apartments throughout Pennsylvania.

Roy was born in Ardmore, Pennsylvania.  He serves on the boards of Arc of Philadelphia and Austism Living and Working, Inc.

 

Credentials

Professional Accreditations/Affiliations

  • Board Member, Regional Housing Legal Services

 

Education

  • Dickinson College; Bachelor of Arts; Philosophy
  • University of Pennsylvania, School of Law; Juris Doctor
  • University of Pennsylvania, School of Fine Arts; Masters; City Planning

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