David Reznick, Founder of Reznick Group, Passes Away

David Reznick, co-founder and chairman of the board of Reznick Group died at his home in Maryland on Dec. 31, 2014.

David Reznick

David Reznick

Reznick was an accomplished man who left a lasting impression with everyone he met, the firm announced. He was also a legend and visionary in the affordable housing industry that he helped to create nearly 40 years ago. David’s boundless energy, technical expertise and infectious enthusiasm helped many of his clients and other parties achieve financial success. As one of the true pioneers of the industry, his counsel was sought by real estate developers, syndicators and lending institutions throughout the United States and Puerto Rico. His advice on policy issues helped to shape the affordable housing industry of today.

Reznick testified before the House of Representatives, Subcommittee on Housing and Community Opportunity, providing recommendations on restructuring Section 8 portfolio of FHA-insured mortgages. He also provided numerous clients with advice on capitalization, restructuring debt and assets by bringing in new capital to preserve affordable housing. But perhaps more important, his work helped tens of thousands of disadvantaged families acquire housing and, along with newfound home ownership, a greater sense of pride and dignity, the firm anounced.

With two of his childhood friends, Stuart Fedder and Ivan Silverman, Reznick founded Reznick, Fedder & Silverman in 1977. For the next 35 years, he helped to lead its growth from a single office in Washington, D.C., to a top 20 firm with offices nationwide.

In lieu of flowers, the family has requested that memorial contributions be made to Yachad at 1666 Connecticut Ave. NW, Washington, D.C., 20009, or the David Reznick Memorial Foundation for Housing and Community Services Inc. at 1400 16th St. NW, Suite 420, Washington, D.C., 20036. Condolences may be made to the family at www.sagelbloomfield.com.