Until 2014, Mr. Chan was the Director of Development of MHIC. He led a team of underwriting professionals which was responsible for financing affordable housing and community development projects through construction and development lending, and acquisition of Low Income Housing Tax Credits and New Markets Tax Credits. In recent years, the group has underwritten and closed an average of $200 million of loans and equity investments annually. MHIC has provided financing for community development projects such as Bruce C. Bolling Municipal Building in Roxbury, Boston Healthcare for the Homeless, South Cove Manor Nursing Home in Quincy, 110 Canal Street in Lowell, Elms College in Chicopee, and the Enterprise Building in Brockton.
Before joining MHIC, Mr. Chan was a managing partner in the development of the successful One Lincoln Street project and the ill-fated Ruggles Center project. The housing linkage advance from One Lincoln helped to finance Oak Terrace and a housing development in Roxbury. In addition to statutory linkage payments, the One Lincoln Street project contributed close to $5 million to community projects in Chinatown through the Chinatown Trust Fund and from the profit sharing of CI Associates, the Chinese investors in the project. Beneficiaries of the financial success of the One Lincoln project included the Chinese Consolidated Benevolent Association of New England (CCBA), the Kwong Kow Chinese School, Asian American Civic Association, Boston Chinatown Neighborhood Center, Chinese Progressive Association, South Cove Manor, and the Chinese Historical Society of New England.
Mr. Chan has been active in Boston’s Chinese community since he came to Boston in 1970. In the seventies, he was a member of the Voice of the Chinese Community (a weekly community radio program), a founder and editor of the SAMPAN, a founding member of the Vocational English Education Program, and for over forty years, he has served as president, officer and board member of many community organizations. He prepared the Determination of Need application for South Cove Manor Nursing Home. He rehabilitated the original Josiah Quincy School for CCBA, developed the Tremont Village under the Chapter 705 public housing program, and initiated the Waterford Place development.
He also served as the chief negotiator for the Chinese community in the various collaborations between the community and Tufts University and Tufts Medical Center. He has worked on many community projects as a volunteer consultant.
Mr. Chan has a Bachelor of Laws degree from National Chengchi University in Taipei and a Master’s degree in Urban Affairs from the Metropolitan college of Boston University.
Mr. Chan was the Chair of the City of Boston Living Wage Advisory Committee, a member of the City of Boston Employment Commission, Boston Groundwater Trust, Boston Transportation Advisory Committee, City of Boston Chinatown Land Trust. He was a member of the Executive Committee of the Board of Governors of Tufts Medical Center (currently Governor Emeritus).