About
With over 24 years of experience in both the public and private sectors, Moddie Turay has committed his career to tackling some of today's most pressing societal challenges, including racial equity, housing insecurity, disparate health outcomes, and community building. Early in his career, while working for Mayor Anthony A. Williams in Washington, D.C., Moddie gained invaluable insights into urban governance and the critical role of strong relationships in driving meaningful change. This focus on equity has remained central to his work, guiding his efforts from D.C. to Detroit and now to Boston, where he serves as President and CEO of the Massachusetts Housing Investment Corporation (MHIC). At MHIC, Moddie has led the organization to record success, including its most profitable year in its 34-year history in 2022 and its third most profitable year in 2023. He oversees $200 million in annual investments in affordable housing and community development, managing over $1.34 billion in assets. Under his leadership, MHIC established a $50 million Equitable Developers Fund in partnership with MassHousing, aimed at removing barriers for people of color in real estate development. His previous work in Detroit, where he spearheaded over $2 billion in economic development initiatives, further highlights his commitment to inclusive growth. Moddie is a strong advocate for what he calls "The Dignity of Choice." As a first-generation American whose parents immigrated from Sierra Leone, he deeply understands our global responsibility to create a just world for all. He has witnessed the transformative power of innovative financing in revitalizing communities and empowering marginalized groups, and he channels this passion and experience into his work at MHIC.

Moddie Turay
Company details
Massachusetts Housing Investment Corporation
Company bio
An innovative private financier of affordable housing and community development throughout New England, providing financing that would not otherwise be available, and extending the impact of that financing to ensure the broadest possible benefit.