About Jeshurun Development

Raynold Richardson is the key principle behind all Jeshurun Developments. With over 40 years of experience, he has built a comprehensive career in the public and private sectors, focusing on all aspects of affordable housing. 

His tenure at the U.S. Department of Housing and Urban Development (HUD) in pivotal leadership roles, overseeing a five-state jurisdiction with six offices, is a testament to his expertise. He successfully managed an unpaid principal balance of $10 billion, which included 3,484 developments. 

Mr. Richardson managed development and asset management programs, including underwriting, asset management, and preservation activities for the assigned 35-county jurisdiction in East and Southeast Texas. The Houston Program Center closed 374 insured loans (i.e., 221d4, 221d3, 223f, 241, 231, 232, 242, some inclusive of LIHTC, HOME, CDBG, and Historical Tax Credit dollars), resulting in a total mortgage amount of about $2.7 million and 65,622 total units. The Program Center initially/finally endorsed 34 Section 202/811 developments totaling 1570 units with a balance of over 100 million. 

Raynold also served as the Director over the Office of Public and Indian Housing in Houston, Texas, managing all Public Housing programs, including the Section 8 Housing Voucher, Certificate, and Moderate Rehabilitation Programs; Capital Fund Programs (HOPE 6, development, modernization, and HQS compliance), Management Assessment Programs; Operating Fund programs; resident self-sufficiency and economic independence programs. 

As a former Chief of Asset Management, Multifamily Housing Project Manager, and Occupancy Specialist, Raynold has in-depth knowledge of HUD/FHA policy, production, asset management, public housing, and community & planning development programs, which allows him to be successful in facilitating ongoing conversations between client and government staff that get projects to closing and issues successfully resolved.

Raynold's commitment to the affordable housing sector extends beyond his professional roles. He has served in the private sector, focusing on development and property management, ensuring compliance throughout the project's life cycle. His understanding of the complexities of various affordable housing programs and his experience in overcoming the challenges of bringing new developments to life make him a champion for the residents who live in these communities. 

Raynold is also the Pastor at the Full Gospel Church of Love in Christ in Houston, Texas, and his primary work is serving the Lord.