Steve Greenbaum founded SHG to provide a dedicated platform from which to preserve and improve affordable senior housing. Since 2004, Steve has focused exclusively on the preservation of affordable housing for income-restricted seniors around the country. He personally holds ownership interests in 19 different affordable senior properties with an average property size of 112 units. These buildings benefit from federal affordable housing programs including Section 42 Low-Income Housing Tax Credits (LIHTC), tax-exempt multifamily bonds, HOME funds and rental subsidy under project-based Section 8 Housing Assistance Payment Contracts.
Having demonstrated his commitment to preserving and providing quality housing for income-restricted seniors, Steve is recognized as a leader within the affordable housing preservation industry. He has spoken about preservation at affordable housing conferences around the country. Under Steve’s leadership, Council House, a 150-unit affordable senior building in Tucson, Arizona won an IREM (Institute for Real Estate Management) Chicago Chapter’s Affordable Housing Development of the Year Award. Steve is also one of the general partners in Sullivan Place Apartments (in Hanover Township, PA) which received an IREM Chicago Chapter’s Affordable Housing Development of the Year Award in 2010.
Steve has been involved in the real estate industry since 1993. Prior to entering the affordable housing field, Steve was a commercial real estate attorney for a nationally renowned law firm, a real estate finance officer for national lending institutions and an officer with owner-side real estate investment companies, including his own SG Realty LLC.
Steve is very active in his community, currently serving a vice chair of the Chicago Jewish Federations Government Affairs Committee. He is also involved in the National Leased Housing Association, a national organization representing all major participants – private and public – in the affordable multifamily rental housing industry. Steve began his professional career as a legislative aide for a Washington-based social service agency where he advocated on many social issues including low-income housing. He is a past-President and current Executive Committee member of CityPAC, a Chicago-based political action committee and a past-member of the Executive Committee of Chicago’s Mt. Sinai Medical Institute Council (MSMIC). In 2011 Steve completed a six year term on the Jewish Federations of North America’s National Young Leadership Cabinet. In 2007 at age 41, Steve received a Lifetime Community Service Award from Shalva, a Chicago-based community organization dedicated to helping victims of domestic abuse and violence. Steve is very involved in both local and national politics serving on the finance committee for a handful of elected officials and hopefuls.
In 1988, Steve received a Bachelor of Arts from the University of Michigan in Ann Arbor and in 1992 he received a Juris Doctor from Georgetown University in Washington, DC. Steve resides in Chicago’s north surburbs with his wife Sheri, their daughter Jordyn, and son Jake.