Senior Vice President and Principal
Jay Jensen is Senior Vice President and Principal of Shelter Corporation. Mr. Jensen structures the purchase and construction of a wide variety of housing types, including affordable family housing and for-sale land development. Mr. Jensen is also the Senior Vice President of Development for The Waters Senior Living, a Shelter Corporation affiliate. In this capacity, he is responsible for the entire development process — from site selection and facility design to financing to construction management. He also oversees acquisition opportunities.
Mr. Jensen has addressed both United States Senate and House Committees on a variety of housing legislation issues. He frequently speaks to organizations, including the National Association of Local Housing Finance Agencies, where he was a three-term president; the National League of Cities; the National Association of Housing and Redevelopment Officials; and the National Home Builders Association. Mr. Jensen has advised the cities of Toledo, Tampa, New Orleans and St. Petersburg, Russia, on comprehensive urban housing and economic development programs.
Mr. Jensen's past experience was as Senior Vice President at Miller & Schroeder Financial, where he worked on a variety of housing finance and economic development programs. The housing finance programs included home improvement loan programs, single-family mortgages, multifamily housing, and essential function multifamily housing bonds. Mr. Jensen's economic development financing experience encompassed industrial revenue bonds, hospital revenue bonds, education revenue bonds, tax increment bonds, hotel financing, public facility bonds and moral obligation bonds.
Mr. Jensen has also served as Executive Director of the Minneapolis Community Development Agency (MCDA), where he managed all housing and economic development programs for the city of Minneapolis, totaling more than $300 million annually. In over 15 years at the MCDA, he participated in structuring over $1 billion of public financing, managing over $150 million of federal housing funds, creating over $40 million of foundation funds, and structuring over $200 million of tax increment financings. Mr. Jensen was involved in the financing of the Orpheum Theater, Target Center and the Minnesota Convention Center, all in Minneapolis.
Mr. Jensen is a graduate of the University of Minnesota and the Executive Integral Leadership program at the University of Notre Dame.