Board of Directors & Advisors

Natalie offers 35 years of experience in commercial real estate finance and development with a specialization in affordable housing. In 2019 she retired from the City of Madison where she held the position of Director of the Department of Planning, Community and Economic Development and oversaw the daily operation of department activities. In that position she supervised a wide range of City activities related to real estate and land use, community services for low- and moderate-income people, affordable housing, economic development, and small business support. As part of her responsibilities at the City, Natalie also directed and managed the City of Madison’s Public Housing and Redevelopment Authority.

Terese Caro believes that strong, thriving communities are built on opportunity — and that access to capital plays a critical role in making those opportunities possible. This belief guides her work as President and Chief Executive Officer of Legacy Redevelopment Corporation (LRC), a Community Development Financial Institution (CDFI) serving small businesses, housing developers, and neighborhood revitalization projects.

With more than 25 years of experience in banking and finance, Terese has led initiatives that expand access to funding for underserved communities. Since joining LRC in 2016, she has overseen a $14 million loan portfolio and plays a vital role in the $13.8 million redevelopment of Legacy Lofts — a transformative project that was converted from a historic Milwaukee factory into LRC’s headquarters and 64 mixed-income apartments.

Terese has held leadership roles with the Wisconsin Women’s Business Initiative Corporation, Seaway Bank and Trust Company, and North Milwaukee State Bank. She serves on the Capital Magnet Fund Loan Committee for the Wisconsin Housing and Economic Development Authority (WHEDA) and is active on several community boards. She holds both a Master of Business Administration (MBA) and a Bachelor of Science in Business Administration (BSBA) from Cardinal Stritch University.

Regina is a Community Civic Leader with a proven record of strengthening partnerships, advancing equity, and driving civic engagement. She is the first African American woman to be elected President of the Beloit City Council and the Wisconsin State Public Defender Board. Regina is also the first African American woman to Chair the Greater Beloit Economic Development Corporation Board of Directors.  

She was elected to the Beloit School Board from 2000-2006. For 18 years, Regina was Executive Director of the Merrill Community Center and has served on numerous boards and committees. She has been recognized for her positive contributions through various awards and accolades, recently being the recipient of the Headliner Award, Beloit College Ousley Scholar in Residency Award and was named among the 51 Most Influential Black Leaders in Wisconsin by Madison 365.

Regina brings her passion, experience and genuine care for others to the WHPC Board. Her educational background includes the Rockford Real Estate Academy and Beloit College.

The belief that quality housing is an essential component of a fulfilling life inspired Erbert to join the WHPC Board in 2011. Passionate about a person’s right to live a rewarding  life, Erbert sees a board position as the best way to help people achieve that goal.

Through his background in financial management, Erbert believes he is able to provide insight and direction to best practices in transaction execution and process implementation necessary for WHPC to be a high performing organization.

Erbert is a Wisconsin native and holds a BBA degree in accounting from the University of Wisconsin. He is a CPA and advises financial institutions. With licenses in investment banking (Series 7 and 63), Erbert has extensive experience in public finance. Erbert also serves on the Board of Froedtert Hospital Foundation.

Dan is President of Development for the Commonwealth Companies, Inc. Commonwealth is nationally recognized as one of the top affordable housing developers in the country. They are currently active in 20 states with over 100 projects in their development portfolio. Dan provides leadership and oversight of the development operations for the Commonwealth Companies. He works closely with their team of developers and development support staff to facilitate all phases of the development process.

Dan has over 20 years of real estate experience which includes the acquisition and development of nearly $1 billion of affordable housing, totaling approximately 7,500 units. Dan is driven to change the lives of others by providing a safe and stable place to call home. His position on the board gives him the opportunity to apply his talents toward the WHPC mission. Dan has a BBA from the University of Wisconsin-Madison with a double-major in Finance and Real Estate.

Dave manages the new business development and trust administrative functions of Associated Bank’s Wealth Management Services for the Milwaukee, Chicago and St. Louis markets. Dave is passionate about working with community charitable organizations. He is the senior board member at Vision Forward and recently completed his term as President of Trinity Housing Resources.

Dave is a long standing Board Member at the Zoological Society of Milwaukee and a trustee of the Zoological Society of Milwaukee Endowment Trust. He currently chairs the Catholic Community Foundation as well as the Outreach committee for St. Elizabeth Ann Seton Parish.

Dave has over 35 years of industry experience including consumer and private banking, trust, investment management and real estate advisory services. Dave has a BBA in accounting from the University of Wisconsin-Milwaukee.

Nathan J. Wautier is the Managing Shareholder of the Madison office of Reinhart Boerner Van Deuren s.c. Nathan’s legal practice serves the business and legal needs of a broad range of individual, corporate, and institutional clients. He primarily advises real estate developers and business owners on development projects with a particular focus on large-scale developments and public-private partnerships. He received his A.B. degree with general and departmental honors from the University of Chicago in the History, Philosophy and Social Studies of Science and Medicine and his J.D. degree, cum laude, from the University of Wisconsin. Before law school, Mr. Wautier worked as a U.S. Peace Corps volunteer in Momostenango, Guatemala. Mr. Wautier is a fellow of the American College of Mortgage Attorneys, past board member of the Wisconsin Academy of Sciences, Arts and Letters, and past Chair of Downtown Madison Inc.

Mary served as president of WHPC from 2016-2025 and was responsible for the organization’s growth, leadership team, and management of over $701 million in affordable housing assets. Under her guidance, WHPC has expanded to own over 9,100 units throughout Wisconsin.

Prior to joining WHPC, Mary had several executive-level positions in the commercial banking industry at Wells Fargo Bank and Johnson Bank in Madison, Wisconsin where she was responsible for business development, client relationships, loan and bond portfolio management, client financial solutions and building bank reputations in the marketplace. As Director of Multifamily Housing at WHEDA, Mary was responsible for lending, tax credit allocation, managing credit risk, asset management and contract management.

Mary serves on several boards and committees including Journey Mental Health Center, National Leased Housing Association, Access Community Health Centers and Wisconsin Women’s Business Initiative Corp. She is a member of TEMPO and the Downtown Madison Rotary.

Mary earned a B.S. in Business Administration/Finance from University of Wisconsin-La Crosse, a Graduate School of Banking Degree from Southern Methodist University and completed The Executive Education Program through the Wisconsin Business School at University of Wisconsin-Madison.

Richard retired in 2011 as President and CEO of Johnson Financial Group, Inc., a $6 billion financial services company based in Racine with operations in Wisconsin, Arizona, and Switzerland. Richard was also Chairman and CEO of Johnson Bank, serving on the Board of Johnson Financial Group, Inc. and Johnson Bank. He was Vice-Chairman of Banque Franck, Galland & Cie SA and Franck Galland U.S. Advisors SA in Geneva, Switzerland. While CEO of Johnson Financial Group, the company was named several times by Fortune Magazine as one of the 100 Best Places to Work in America.

Ann recently retired as Assistant Secretary and Associate General Counsel of American Family Mutual Insurance Company, S.I. Prior to American Family, Ann was the General Counsel for WHEDA where she was part of the team that created WHPC.

Her passion for affordable housing is the reason she has been on WHPC’s Board of Directors since its inception, serving as Chairman for five years. Ann has over 20 years of senior management experience and over 35 years of working with boards of directors. She currently serves on the Board of Future Wisconsin Housing Fund.

A Marshfield, Wisconsin native, Ann is a graduate of Arizona State University and the University of Wisconsin Law School.