Kent Hiteshew is thefirst Director of the U.S. Treasury Department’s newly established Office of State and Local Finance where he advises the Secretary of the Treasury and other senior Treasury officials in the development of public policy pertaining to infrastructure finance, distressed municipal credits, and public pensions, among other topics.� Kent also oversees a team of policy advisors dedicated to advancing Treasury’s knowledge of, and expertise in, the municipal bond market.Mr. Hiteshew joins Treasury after a 30-year career as a public finance banker, including more than 23 years at J.P. Morgan, and its heritage firm Bear Stearns, where he oversaw the firm’s Northeast Region and Affordable Housing Finance Groups.� Over the course of his career in public finance, Mr. Hiteshew raised billions of dollars of infrastructure capital on behalf of many of the municipal bond market’s largest issuers, including: the City of New York, the New York Metropolitan Transportation Authority, the Dormitory Authority of the State of New York, the State of California, the Commonwealth of Massachusetts and the City of Philadelphia.� He also raised more than $40 billion of affordable mortgage financing for more than 20 state housing finance agencies.Prior to his career in investment banking, Mr. Hiteshew worked in the Mayor’s Office for the City of New York and the U.S. Department of Housing and Urban Development in Washington, D.C.Kent is a former member of the Citizens Budget Commission and the Citizens Housing and Planning Council and a Governor of the Municipal Forum of New York. �Mr. Hiteshew holds a B.S. from Rutgers University (1976) and an M.R.P. from the University of North Carolina at Chapel Hill (1978).� Mr. Hiteshew can be reached by e-mailing:� StateAndLocal@Treasury.gov.
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