Team

Effective November 12, 2019, Director Faust was appointed Executive Director of the Illinois Housing Development Authority (IHDA), bringing more than 30 years of affordable housing industry experience to the Authority. As the state’s chief affordable housing official, Executive Director Faust provides leadership in state housing policy to advance IHDA’s mission of financing the creation and preservation of affordable housing throughout Illinois.

Prior to joining IHDA, Executive Director Faust served as President of Neighborhood Housing Services of Chicago (NHS), a community development organization committed to helping homeowners and strengthening neighborhoods. As President, Ms. Faust’s strong leadership and holistic vision helped spur community revitalization by creating homeownership opportunities for those most vulnerable, improving not only their lives, but their neighborhoods as well.

Before joining NHS, Executive Director Faust was Chief Credit Officer and Director of Lending & Network Services at Partners for the Common Good. In that role, she was responsible for the growth and oversight of the domestic and international loan portfolio. In addition, Executive Director Faust served as president of the Enterprise Community Loan Fund, one of the largest non-depository community development financial institutions in the country.

Earlier in her career, Executive Director Faust spent fifteen years in community development banking in Chicago, primarily with LaSalle National Bank, where she started the Community Development Lending Department. Her work in Chicago earned her distinction in Crain’s Chicago Business “Forty Under 40” list.

Ms. Faust is a graduate of Harvard University, where she obtained a Master in City and Regional Planning and Brown University, where she holds a Bachelor of Arts in Political Science and Philosophy.

Lawrence joined the Executive Staff of IHDA in October 2021. Prior to IHDA, Lawrence oversaw the City of Chicago’s affordable housing programs and activities which included multifamily rental projects, single-family purchase/rehab assistance, foreclosure prevention/mitigation programs and housing preservation efforts. Financing tools included Low Income Housing Tax Credits, Donations Tax Credits, New Markets Tax Credits, tax exempt bonds, HOME/CDBG funds, TIF Funds and corporate funds. He also oversaw the Chicago Low Income Housing Trust Fund, which administers the largest locally-funded rental subsidy program for very low-income families in the country.

Before working for Chicago, Lawrence was a Senior Vice President at The Habitat Company where he managed the Community Development Group that focused on developing affordable and mixed income housing. Among his duties was the day-to-day management of Habitat’s duties as the court-appointed Gautreaux Development Manager for the development of all new family housing for the Chicago Housing Authority.

Prior to joining The Habitat Company, Lawrence was Senior Vice President for Operations for Bethel New Life, a long-established community development corporation on Chicago’s West Side. Lawrence  also worked for the City of Chicago in health planning and served as a Legislative Assistant to U.S. Senator Charles H. Percy and Congressman Ralph H. Metcalfe. While with Senator Percy, Lawrence was instrumental in the passage of legislation that created the U.S. Department of Education.

Lawrence received a Master of Science in Human Services Administration from Spertus College and a Bachelor of Arts from Northwestern University.

Maureen joined the Authority in November of 2010 as Senior Counsel and was promoted to General Counsel in August 2011. Before joining the Authority, she worked in the real estate group at Sidley Austin LLP, practicing out of the firm’s Chicago office. Prior to this, she worked for J.P. Morgan Chase Bank, N.A. in the commercial mortgage-backed securities group, having started her legal career at Sidley Austin’s Washington, DC. office from 2001 to 2007. Maureen holds a Bachelor of Arts degree in Political Studies from the University of Illinois-Springfield and a Juris Doctorate degree from The Catholic University of America Columbus School of Law.

Seth Runkle became IHDA’s Chief Financial Officer (CFO) in 2024, bringing extensive experience in bank management and executive leadership. Most recently Seth served as CFO for First Bankers Trust Company, N.A. Prior to this role, he served as CFO for the City and County of Denver’s Department of Transportation and Infrastructure. Seth served 21 years with Citigroup in a variety of finance/accounting positions in the United States, Europe, and Latin America. Seth holds a bachelor’s degree in Finance from Western Illinois University. Additionally, he served as Sergeant, 7th Battalion, 1st Field Artillery in the US Army Reserves.

Muhammad Jalaluddin, Controller, joined IHDA in 2020 as an Assistant Controller, bringing over 18 years of accounting experience. Throughout his career, he has held various roles in accounting, demonstrating a deep understanding of accounting practices. Previously, he served as the Director of Financial Reporting at Brookfield Properties and as an Assistant Vice President, Manager of Financial Reporting at BMO Harris Bank.

Muhammad holds an MBA and an undergraduate degree from Northern Illinois University. He is a Certified Public Accountant (CPA).