The direction and leadership of DRF is by a prestigious group of philanthropic-minded business people who have a life-long interest in the creation of fair and equitable housing and in building strong communities.



​​​​Michael Bodaken, Director. Michael Bodaken served as President of the National Housing Trust - for almost a quarter century, which engages in preservation policy, affordable housing development and lending.  The Trust is committed to a "balanced approach" to fair housing, promoting access to high opportunity communities through mobility while ensuring that residents who remain in neighborhoods experiencing distress have access to resources and investments that improve their housing and communities.  The Trust also advocates for "Green Preservation" urging the targeting of resources for energy-efficient retrofitting of existing affordable housing.  He serves on the Board of Directors of Homes for America, Housing Justice Center and Stewards of Affordable Housing for the Future (SAHF).  He is a frequent guest lecturer and panelist at affordable housing industry events.  The Trust was the winner of the John D. and Catherine T. MacArthur Foundation Award for Creative & Effective Institutions.

Sharon Dworkin Bell, President.


Peter Bell, Founding Director.  Peter Bell is a policy analyst and trade association executive focused on the topics of urban development, affordable housing, and aging issues.  Peter is President and Owner of Dworbell Inc. a trade association management firm providing public policy analysis and advocacy, which he founded in 1981.  Dworbell, Inc., publishes Tax Credit Advisor, a monthly magazine focused on real estate development using federal tax credits.  Through Dworbell, Inc., Peter serves as CEO for several national trade associations, including the National Reverse Mortgage Lenders Association (NRMLA), National Aging in Place Council (NAIPC), Council for Energy Friendly Affordable Housing (CEFAH), HOPE VI and Mixed Finance Council, Historic Preservation Development Council (HPDC), the National Council of Housing Market Analysts (NCHMA(, and the National Housing & Rehabilitation Association (NHRA).


Mark Einstein, Former Founding Director, Former Chairman and CEO.  Mark was the original founder of DRF with a vision of broader investment in communities developed with the use of Historic, Low-Income Housing and New Market Tax Credits.  He had more than 2o years of experience providing tax consulting and real estate consulting to national and local clients. 

Prior to this role, Mark was a Partner of Tax and Real Estate Services at CohnReznick where he assisted investors and developers structure their real estate transactions efficiently.  Over his career, he had also been involved in designing workout structures for developers, including tax issues related to debt forgiveness, and the use of various tax credits, both federal and state.  Credits structures include federal and state rehabilitation credits, federal and state low income housing state credits, and New Market Tax Credits. Mark was a frequent speaker at national real estate conferences on a range of tax credit and accounting subjects.

Former Founding Director and Retired 

Alan S. Cohen, Director. Alan Cohen is an attorney with Holland & Knight LLP.  He represents syndicators and corporate investors in structuring tax-advantaged real estate investments with an emphasis on the low-income housing and historic rehabilitation tax credits.  For more than thirty years has advised clients in making over $15 billion of real estate investments that provide tax-advantages. These transactions have included sale-leasebacks, new market tax credits, low-income housing tax credits, historic rehabilitation tax credits and energy tax credits.  Transactions have included private equity advice in structuring multi-investor syndications, public-private partnerships for urban neighborhood revitalizations, creating tax-advantaged investment programs and overseeing investments for corporate treasury and tax departments.