Gov. Bill Lee has named Chattanooga-area commercial real estate developer Matt McGauley to serve on the Tennessee Housing Development Agency board of directors.
McGauley, 41, is the fourth-generation president and CEO of Fidelity Trust Company. The company manages and owns a portfolio of commercial properties in Chattanooga and features development, brokerage and management divisions.
Through his work with Fidelity, McGauley focuses on developing innovative and sustainable projects within the Chattanooga area, including Hamilton County’s first LEED-certified building.
“I spoke with Gov. Lee when he took office and told him if he needed me, I would be willing to help in any way possible,” McGauley says. “I hope to bring my experience in real estate and finance to the board and am looking forward to serving the state of Tennessee.”
In 2018, the Chattanooga Times-Free Press recognized McGauley as one of the Chattanooga business community’s “20 under 40.” In addition, he’s a recipient of the Sophia Long Award for Excellence in Historic Preservation from Cornerstones. McGauley also serves on the boards of First Volunteer Bank, the Downtown Chattanooga Alliance and Crabtree Farms.
A Chattanooga native, McGauley attended Bright School and Baylor School before earning a degree in economics from George Washington University in Washington, D.C. He and his wife, Emily, have two daughters: Catherine, 5, and Claire, 3.
The state Legislature created the THDA in 1973 to provide loans, grants, tax credits and other financing opportunities to encourage the construction, repair and preservation of affordable housing.
Source: THDA