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Mutual Housing hires Ciraulo as asset manager | Business

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Mutual Housing hires Ciraulo as asset manager
Business

Sacramento|Yolo Mutual Housing Association has hired Rich Ciraulo as the Director of Asset Management. In this job, he is responsible for planning and monitoring the operations and financial performance of Mutual Housing’s regional communities. Ciraulo will handle acquisitions, refinancing and rehabilitation to preserve the portfolio as well as develop and maintain investor and lender relationships. He also will implement long-term strategies to improve performance that meets the nonprofit’s goals.  

Previously, Ciraulo was a senior project manager at Mercy Housing California where he oversaw the planning, financing, design and construction of their mixed-use, multi-and single-family developments. He also secured financing, negotiated contracts and leases, managed contractors and carried out community outreach.

Ciraulo has been in the housing and construction field for more than 17 years. He has a Master’s degree in civil engineering from Stanford University.

Founded in 1988, Mutual Housing develops and operates well-designed rental housing for modest-income households. The communities have 2,600 residents, half of whom are children.

Through Mutual Housing’s focus on leadership, the nonprofit also provides training and mentoring as well as educational programs, community-building activities and services for residents and neighbors. For more information, visit http://www.mutualhousing.com.

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