Grant S. Whitaker
President and Chief Executive Officer | Utah Housing Corporation
Grant S. Whitaker has dedicated his career to serving the financing needs of low and moderate income families in the state of Utah. He currently serves as President and CEO of Utah Housing Corporation (UHC), a self-supporting state sponsored public corporation which has been funding and promoting affordable housing in Utah since 1977.
In January of 2009, Mr. Whitaker was appointed to the position of President and CEO, where he has served since that time. Mr. Whitaker began his tenure with UHC in 1979, acting in various capacities including ranking leadership roles from 1983 to 2009; most recently serving as Senior Vice President.
Mr. Whitaker earned a bachelor’s degree in Business Management, with a minor in Finance, from the University of Utah’s David Eccles School of Business. Subsequently he worked on post graduate studies there and through the University’s Professional Education Division. He became interested in mortgage financing while working for the Housing Authority of Salt Lake County, where he served for four years as Senior Loan Officer and Assistant Division Director.
Under Mr. Whitaker’s leadership, Utah Housing Corporation has issued over $7 billion in single family bonds, and $640 million in multifamily bonds. Money raised from those bond issues, and the sale of $375 million Ginnie Mae mortgage backed securities and $200 million loans sales to private banks and Fannie Mae, allowed UHC to provide housing for lower income Utahns through the acquisition of over 65,000 single family loans, and financing of 90 multifamily project loans, housing over 10,600 families. The Loan Servicing Department of UHC services $1.3 billion in loans, which includes 10,600 first mortgages and 7,700 second mortgages.
Mr. Whitaker has played a crucial role during the ongoing financial crisis by serving as Chair of the Governor’s Housing Advisory Council, and UHC’s administration of the Home Run housing grant programs that moved over 3,600 new homes from the stagnant inventory of unsold homes, and UHC’s Equity Now program that monetized the federal first-time home buyer tax credit. He initiated UHC’s efforts to find new capital sources through the sale of mortgage backed securities when the tax-exempt bond markets became inert. He also lead UHC to expand its mission to serve previous home owners, a change from a 35 year history of serving only first time home buyers.
Mr. Whitaker is dedicated to improving the local and national affordable housing and business communities and does so by serving in several capacities. He serves as a member of the Salt Lake Chamber of Commerce Board of Governors, as the Chairman of the Board of Trustees for Utah Community Reinvestment Corporation, a member of the Board of Directors of the Community Development Finance Alliance, and as a member of the Board of Directors of the National Council of State Housing Agencies (NCSHA).
He resides in Salt Lake City with Connie his wife of 37 years, while their grown children, Sam and Shannon, live nearby.