Donald B. Vallee
Donald B. Vallee has enjoyed an extensive career in housing, finance, development, marine repair and refit, banking and community involvement. Prior to his current appointment as a member of the board of the Louisiana Housing Corporation (LHC), Mr. Vallee served on the board for the Louisiana Housing Finance Agency, which is the LHC’s predecessor agency. In this capacity he served on the Finance and Single Family Committees and chaired the Assets and Investments Committee.
Mr. Vallee has been active in housing issues, especially affordable housing, for many years. From his position in banking and finance, he was instrumental in the creation of Louisiana's first Real Estate Investment Trust, oversaw both investment production and workout of troubled properties, and supervised the recapture and disposal of large scale assets across the southern United States.
While active in business and finance, Mr. Vallee became active in community affairs, especially in his role as Chairman of the Historic District Revitalization Committee for the Central Business District in New Orleans. In this position, he led the efforts to reclaim blighted properties for business use while preserving and protecting the historic character of the city.
Mr. Vallee has organized, managed and led several successful business ventures in New Orleans and across the state, including bringing back a major marine repair operation, oil field fabrication and plants, and the refit of strategic naval assets during the first Gulf War.
In recent years, Mr. Vallee has become extensively involved in real estate development and management as a consultant, investor and asset manager. He has successfully developed and operated first-time homebuyer programs in Orleans Parish and used that experience to assist the city and state organizations to promote affordable housing. Mr. Vallee has promoted cooperation and coordination between public and private affordable housing interests advocating on behalf of both landlords and tenants as essential in a healthy housing market.
Mr. Vallee was appointed the first Chairman of the Landlords Association of New Orleans, a position in which he continues to serve. This organization represents over 7,500 individual landlords serving the large rental community of New Orleans.
Mr. Vallee has continued his business interests in real estate through his ownership and operation of High Point Shooting Grounds in Belle Chasse and remains active in the community through his many civic, charitable and cultural pursuits.