HBI Advisors Chrystal Kornegay and Matthew Kiefer in the News

HBI Advisors Chrystal Kornegay and Matthew Kiefer in the News

HBI Advisor Chrystal Kornegay has been appointed Executive Director of MassHousing, an independent, quasi-public agency that provides financing for affordable housing in Massachusetts.

Chrystal leaves her post as Undersecretary of Housing and Community Development with the Commonwealth of Massachusetts, a position she has held since January 2015. Under her leadership, state support for the production and preservation of affordable housing has substantially increased, and she has led efforts to rehouse homeless families, achieving a 96 percent reduction in the number of families sheltered in hotels and motels. She played a leadership role in crafting Governor Baker’s Housing Choice Initiative, a coordinated effort by the Commonwealth to add 135,000 new housing units by the year 2025.

Before joining state government, Kornegay served as President and Chief Executive Officer of the community development corporation Urban Edge until 2014, where she undertook several complex mixed use development projects.

MassHousing raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed income rental housing. Since its inception, the agency has provided more than $22 billion for affordable housing.


Matthew Kiefer, who chairs HBI’s Council of Advisors, was awarded Honorary Membership to the Boston Society of Architects (BSA) at its January gala.

BSA Honorary Membership is presented to an individual who has supported the profession of architecture as a valuable service within the BSA’s region and has consistently reinforced the BSA’s mission. Honorary members are not eligible for American Institute of Architecture or BSA membership and only one can be selected annually.

Matt is a real estate development and land use lawyer with Goulston and Storrs. His projects include market and affordable housing, commercial and mixed-use developments, and master plans for non-profit institutions. Matthew also assists with creating public-private partnerships for open space and is active in land use planning and policy and in historic preservation. Matt has taught in the urban planning programs at the Harvard Graduate School of Design and at MIT, and has written and spoken extensively on real estate and land use law and policy.

Congratulations to Chrystal and Matt on these well-deserved achievements!