Gov. Tony Evers today announced his appointment of Joaquin Altoro to serve as executive director of the Wisconsin Housing and Economic Development Authority.

Altoro currently serves as vice president of commercial banking for Town Bank. In addition to his experience in commercial banking, Altoro, a native of Milwaukee, has a strong background of success in establishing and enhancing public and private partnerships, working with diverse neighborhoods to serve their unique economic development needs, and advising community development projects.

“Access to affordable housing is another important part of how we think about economic development in a more holistic way and connect the dots to attract new businesses and encourage existing businesses to grow,” said Gov. Evers in a statement. “I’m proud and excited to have Joaquin Altoro serve in this critical role ensuring that the state’s commitment to housing remains strong and solid. With his background in commercial lending and community development, coupled with his track record of fostering effective, successful public-private partnerships, Mr. Altoro is a great fit to ensure the ongoing success of the Wisconsin Housing and Economic Development Authority.”

Gov. Evers also announced that Kim Plache will serve as the chief operating officer of WHEDA and the appointment of Raynetta Hill to serve as one of the governor’s designees on the WHEDA board. Plache is a resident of Mt. Pleasant and former state legislator and has served as the business and community engagement officer at WHEDA since 2003. Hill currently serves as the regional manager of housing and services for CommonBond Communities Wisconsin, working to drive large-scale economic growth and maximize the development of healthy neighborhoods.

Altoro will begin as executive director of WHEDA on June 3rd. Plache will transition into her new role at WHEDA effective immediately.