Governor Bill Lee has named Chattanooga-area commercial real estate developer Matt McGauley as the chairman of the Tennessee Housing Development Agency board of directors.
Mr. McGauley, 42, is the fourth-generation president and CEO of Fidelity Trust Company. The company manages and owns a wide portfolio of commercial properties in Chattanooga and features development, brokerage and management divisions. Mr. McGauley was initially appointed as a THDA board member by Governor Lee in August of 2020.
Through his work with Fidelity, Mr.
McGauley focuses on developing innovative and sustainable projects within the Chattanooga area, including Hamilton County’s first LEED-certified building.
“I would like to thank Governor Lee for the continued opportunity to serve the people of Tennessee,” Mr. McGauley said. “I am honored to accept the Governor’s appointment to chair the Tennessee Housing Development Agency. As record numbers of people relocate to Tennessee, the Agency will play a critical role in the State’s overall success of becoming one of the best places to live in the nation.”
“Mr. McGauley has been an asset to the board since he was appointed and we look forward to working with him in his new role as Chairman,” THDA Executive Director Ralph M. Perrey said.
In 2018, Mr. McGauley was recognized as one of the Chattanooga business community’s “20 under 40.” He was also the recipient of the Sophia Long Award for Excellence in Historic Preservation from Cornerstones, Inc.
A Chattanooga native, Mr. McGauley attended Bright School and Baylor School before earning a degree in economics from George Washington University in Washington, D.C.
THDA was created by the State Legislature in 1973 to provide loans, grants, tax credits and other financing opportunities to encourage the construction, repair and preservation of affordable housing and to help ensure the housing market meets the needs of every Tennessean, regard-less of income, disability or age.