BELLEVUE, Wash. – January 25, 2024 – Transforming Age announced the promotion of Alicia Hoppers to Vice President of Affordable Housing. Hoppers has over 17 years of multidisciplinary experience as a multifamily real estate executive, leading nonprofits in developing, owning and operating affordable housing. During her tenure at Transforming Age, Hoppers has been instrumental in developing asset management strategies for new and existing affordable housing communities. In her new role, Hoppers will oversee all of Transforming Age’s affordable housing mission which includes the sponsorship, operations and management of 40+ affordable housing communities, asset management, resyndication and development of existing and new affordable housing communities as well as critically needed resident services provided to affordable housing residents.
“Alicia’s energy and passion for making an impact on housing security makes her a true catalyst for solving one of society’s most pressing challenges,” says David Knight, Senior Vice President of Partnerships at Transforming Age. “Her ability to build strategic partnerships among stakeholders and funding partners is paving the way for a huge advancements of affordable housing options.”
Hoppers’ promotion comes at a time when Transforming Age is spearheading development efforts to build hundreds of affordable housing units and serve the vast number of older adults needing sustainable housing. In the state of Washington alone, the Department of Commerce estimates that the state needs an additional 1.1 million homes over the next 20 years to support those earning less than 120% of the area median income. The promotion of Hoppers to VP of Affordable Housing reflects Transforming Age’s commitment to becoming a leading provider of affordable housing and address these shortfalls head-on. Hoppers expanded scope will include leading day-to-day operations, asset and risk management, and the new development of affordable housing.
“I am excited to be a part of the Transforming Age team of innovators and strategic thinkers,” says Hoppers, “To me this opportunity is about finding a better approach to affordable housing and expanding opportunities to improve lives through housing security in communities where people can thrive.”
Hoppers joined Transforming Age a two years ago and has become well-respected by her colleagues for her collaborative approach to repositionings that draw on creative partnerships and innovating financing techniques. Hoppers came to Transforming Age through the organization’s affiliation with DASH (Downtown Action to Save Housing) and has also worked for Catholic Housing Services of Western Washington. Over the course of her career, she has led asset management strategies to address long-term viability issues in portfolios valued from $150 million to $500 million, building and preserving over 60 communities. She holds a Bachelor’s degree from the University of Washington and a Masters of Business Administration from Western Governors University. When she is not working, Alicia enjoys spending time with family and furry babies.
About Transforming Age
Transforming Age is a nationally recognized nonprofit organization offering holistic and integrated solutions that enable people to age successfully. Dedicated to creating unlimited possibilities to enhance the lives of older adults, Transforming Age offers an integrated network of housing, community services, technology, philanthropy and partnerships. With over 80 affiliates and 3,000 team members, Transforming Age serves over 125,000 people across the economic spectrum through affordable and market rate communities, in addition to providing home and community-based services to low-income seniors. Transforming Age and its affiliated foundations provide philanthropic programs aimed at supporting those in need of financial assistance, the creation or enhancement of programs and services. Transforming Age also provides business service solutions to industry partners including management, development, and consulting services. The organization’s technology initiatives aim to improve the lives of older adults and those who serve them at scale.