Harvey W. (Mac) McDonald
Mac McDonald began his career in real estate finance and development in 1975. After graduating Vanderbilt Law School and serving as Staff Assistant to former Tennessee Governor Winfield Dunn for four years, he was involved in the early stages of Municipal Financing of Affordable Housing. He was instrumental in crafting a tax-exempt revenue bond financing structure which combined GHA Mortgage Insurance and rent subsidies for the first AA and AAA rated affordable housing revenue bonds in America.
In addition, he acted as the first Bond trustee for the Tennessee Housing Development Agency, one of the early state housing finance agencies to use tax-exempt bonds for single and multi-family housing. He also acted as senior investment banker for a number of local city and county single family bond programs-all aimed at providing quality housing that served low and moderate income families.
Mr. McDonald has originated apartment loans for Fannie Mae, Freddie Mac and FHA as well as providing debt financing thorough mortgage backed security structures. He has raised more than one billion dollars for affordable housing in his career.
He has developed raw land and invested in residential and commercial projects. Some of his notable achievements include land assemblage and early development on the eastern portion of Cool Springs in Franklin, Tennessee, the largest mixed-use commercial project in Tennessee, rehabilitating three historic buildings in Downtown Nashville, developing land for the largest Yellow Freight terminal in Tennessee near John Tune Airport and for a portion of Century City near the Nashville International Airport for the international headquarters of Willis-Coroon, a major insurance brokerage. In 1990, he led the efforts to create THE DISTRICT, a non-profit economic development initiative that was created pursuant to the federal Main Street USA program and served as Chair for the first five years. After the success of THE DISTRICT he served on the organizing committee to establish The Nashville Downtown Partnership, a special purpose quasi-governmental body of property owners in the downtown area who voted to assess themselves over existing property tax burdens to bring extraordinary services to the area. As a result Downtown Nashville is considered a model for preserving the character and vitality of central business districts in America. He has received numerous awards for his community services, including Volunteer of the Year by the Nashville Chamber of Commerce.
Mr. McDonald is a licensed real estate professional in Tennessee.