Mr. Towns is the Regional Vice President of Mercy Portfolio Services (MPS) – Chicago, a subsidiary of Mercy Housing Inc. MPS’s goal is to assist communities across the United States to address the economic and housing crises through mechanisms such as foreclosure purchase, green redevelopment, asset management, land banking and education. Mr. Towns is responsible for the overall implementation of a $169 million grant from the Housing Emergency Recovery Act of 2008 and American Recovery and Reinvestment Act of 2009 under the City of Chicago’s Neighborhood Stabilization Program (NSP). His duties include working with the City of Chicago to establish, direct, maintain and plan the community/economic development activities of the NSP. He works closely with developers, community groups, lenders and the City of Chicago to ensure the success of the program, which is to help stabilize communities through the purchase, rehab and sale/rental of foreclosed and vacant Real Estate Owned (REO) properties.
Mr. Towns has been a past recipient of the employee of the year award for his outstanding leadership and commitment to team building. He is a New Communities Partner (NCP) Award recipient was named a Real Estate Deal Maker by Crain Chicago Magazine and was name a 2011 Men of Excellence by the Chicago Defender. He is a member of Congressman Danny K. Davis’s 7th Congressional District Housing Advisory Committee, holds a seat on Roseland Community Hospital’s Strategic Planning Broad and is a member of Lambda Alpha, the honorary society for the advancement of land economics. Mr. Towns received his MBA from the University of Notre Dame’s Mendoza College of Business, is a graduate of both the University Wisconsin-Madison Graaskamp Center for Real Estate’s Executive Real Estate Program and their School of Business with a Masters Certificate in Project Management.
Mr. Towns has volunteers his time and expertise to a number of charities and schools throughout the country.