Nancy L. Hooff
A co-founding principal of Somerset Development Company, Ms. Hooff leads the company in overseeing pre-development planning and budgeting, design, construction administration, asset management and resident services. With a portfolio valued at $400 million with over 2,270 multi-family residential units, retail spaces and community buildings, the company specializes in revitalizing communities in underserved areas through the use of public-private financing, historic preservation and partnerships with tenant associations, local businesses, and non-profit entities.
Prior to starting Somerset, Ms. Hooff worked in the field of development economics, housing and community development, municipal finance and local government in the international arena for 15 years as a Foreign Service Officer and contractor with the U.S. Agency for International Development (USAID). Ms. Hooff managed USAID’s programs in local government, democracy, urban development and housing for Eastern Europe and the countries of the former Soviet Union. This work included overseeing housing guarantee funds and the development of municipal finance systems.
She also served in Mauritania, Tunisia, Guatemala, and provided technical and program support services to other countries of Central America. Prior to joining USAID, Ms. Hooff was founder and principal of a business consulting firm in West Africa. She has a Master’s Degree, with a specialization in international development economics, from the Fletcher School of Law and Diplomacy, Tufts University. She was awarded an Honorary Degree of Social Entrepreneurship from Dickinson College in 2018.