HousingWireHousingWire
David Rands, chief financial officer at housing nonprofit Enterprise Community Partners, is taking on an expanded role as the organization’s chief operating officer and chief financial officer. The move was effective May 1.
The move comes as Enterprise combines its finance and operations functions following the recent departure of former COO Drew Warshaw.
Consolidation is intended to streamline leadership and improve coordination across the organization’s core divisions, which include capital, community development and housing solutions, leaders said.
Rands joined Enterprise in 2024 with nearly three decades of experience in financial and operational leadership roles. Before coming to Enterprise, he held senior positions at Volkswagen Financial Services and Citibank.
The new “COFO” said he looks forward to helping Enterprise respond to increasingly steep housing costs by supporting its internal teams and driving organizational efficiency.
“I joined Enterprise Community Partners last year to work alongside passionate individuals looking to address our urgent housing affordability crisis, and I’m grateful to have the opportunity to now take on an expanded role as chief operating and financial officer,” Rands said in a statement.
“As the affordable housing crisis deepens, I look forward to helping strengthen Enterprise’s core mission of providing sustainable homes and communities for millions of families across the country.”
Before joining Enterprise, Rands served as CEO and managing director of Volkswagen Financial Services Mexico, where he oversaw banking and financing activities for eight automotive brands and more than 300 dealerships.
He previously held roles as CFO and executive vice president of Volkswagen Credit, where he led major process improvements and cost-saving initiatives. Earlier in his career, Rands worked at Citibank as a finance director.
Rands holds an MBA and a bachelor’s degree in political science from the University of Utah.
Enterprise Community Partners recently announced that the U.S. Department of Housing and Urban Development (HUD) had reversed a decision to terminate nearly $10 million in technical assistance funding, reinstating two key federal agreements tied to affordable housing efforts.
