Governor Bill Lee has named Chattanooga-area commercial real estate developer Matt McGauley to serve on the Tennessee Housing Development Agency Board of Directors.
McGauley, 41, is the fourth-generation president and CEO of Fidelity Trust Company, Chattanooga’s oldest real estate firm. The company manages and owns a wide portfolio of commercial properties in Chattanooga and features development, brokerage and management divisions.
Through his work with Fidelity, McGauley focuses on developing innovative and sustainable projects within the Chattanooga area, including Hamilton County’s first LEED-certified building.
“I am honored to join the THDA Board of Directors, and I’m grateful to the governor for appointing me,” McGauley said “I spoke to Gov. Lee when he took office and told him if he needed me I would be willing to help in any way possible. I hope to bring my experience in real estate and finance to the board and look forward to serving the state of Tennessee.”
“We are pleased to welcome Mr. McGauley to the THDA Board of Directors,” THDA Executive Director Ralph M. Perrey said. “Through his work, Matt has shown how development can be done sustainably and successfully and we look forward to having his perspective on the Board.”
In 2018, McGauley was recognized as one of the Chattanooga business community’s “20 under 40” by the Chattanooga Times-Free Press. He was also the recipient of the Sophia Long Award for Excellence in Historic Preservation from Cornerstones, Inc. McGauley also serves on the Boards of First Volunteer Bank, the Downtown Chattanooga Alliance, and Crabtree Farms.
A Chattanooga native, McGauley attended Bright School and Baylor School before earning a degree in economics from George Washington University in Washington, D.C. He and his wife, Emily, have two daughters, Catherine (5) and Claire (3).
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, regardless of income, disability, or age.