Board Of Trustees
Joseph L. Sherman - 3rd Term
Mr. Sherman founded The Reliant Group in 1992, as a partnership with The Resolution Trust Corporation, as part of a national effort to resolve the nation’s savings and loan crisis. He specializes in acquiring real estate assets with complicated, multifaceted issues. In 2001, Mr. Sherman shifted The Reliant Group’s focus to the acquisition and development of bond-financed affordable housing. Since 2001, the CAP series of discretionary funds have invested over $500MM of equity in over $2 billion of multifamily assets, including senior, student and affordable housing. Mr. Sherman began his career as a real estate attorney in Washington, D.C., representing affordable and market rate multifamily housing developers nationwide. He developed expertise in alternative energy and energy efficiency, and wrote publications on solar energy, alternative energy and energy conservation for the US Department of Energy. In 1985 Mr. Sherman joined Oxford Development Company.
Mr. Sherman served as Chairman of the Real Estate Capital Recovery Association and as Executive Director and President of Equality Community Housing. He serves as President of Rainbow Housing Assistance Corporation, which he founded in 2002 and serves over 100 low income communities nationwide. Mr. Sherman is Board president of Texas Council Foundation for Social Resources.
He was a founder and trustee of The Bay School, a San Francisco high school. He has been a guest lecturer on housing issues at Harvard and UC Berkeley.