IRVINE, CA – Marcy Torres, Chief Financial Officer (CFO) of Irvine, CA-headquartered Jamboree Housing Corporation, has been promoted to Executive Vice President and CFO, according to an announcement by Laura Archuleta, Jamboree President. With the promotion, Torres will continue to manage the company’s finance department and will now also oversee its extensive $1 billion property portfolio and Jamboree’s social services programs designed to enhance the health and welfare of its residents.
“As Chief Financial Officer, Marcy is a key factor in Jamboree’s growth since she joined the company in 2001 and now we need her experience and expertise on a wider scale as our company continues to expand,” Archuleta said. “Her knowledge of the affordable housing industry and especially its financial complexities, coupled with her executive talent for managing people and projects, make her a critical component of our company’s operations and future growth.”
Prior to joining Jamboree as Director of Finance, Torres was Assistant Asset Manager and Financial Analyst for Western National Properties and served as Controller and Treasurer for Oak Springs, Inc., a real estate investment firm. She also served as a Certified Public Accountant with the international accounting firm of Ernst & Whinney. Torres earned a bachelor's degree in Business Administration Accounting from California State University Fullerton.
About Jamboree: Celebrating 20 years, Irvine, CA-headquartered Jamboree Housing Corporation is an award- winning, broad-based, nonprofit housing development company that develops, acquires, renovates and manages permanently affordable rental and ownership housing for lower-income families, seniors and those with special needs throughout California. Housing with HEART (Helping Educate, Activate and Respond Together) is a 501(c)(3) organization and Jamboree’s resident services group. A year-long commemoration of Jamboree’s 20th elevates the ripple effect of providing high quality affordable housing that generates more jobs, creates supportive housing for seniors and those with special needs, promotes healthy living and builds stronger communities.
A leading nonprofit developer, Jamboree currently has about $250 million in affordable housing projects in its development pipeline. Its $1 billion asset portfolio includes the development of and/or ownership interest in more than 6,000 homes in more than 56 California communities. Currently, Housing with HEART programs and services are offered at 38 Jamboree communities with designated staff at each location. For more information, go to www.jamboreehousing.com.