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ABOUT US

Monarch Development Group, LLC identifies and develops properties for affordable workforce renter and homeowner housing and market rate housing. The firm’s exceptional team of professionals actively address the environmental, economic, physical, and political issues inherent in each unique development project. Monarch ensures that all buildings developed are built with environmentally-friendly technology and building practices since green buildings benefit communities and make housing more affordable to residents.

Formed in 2005, Monarch is comprised of Michael J. Kearney, Thomas J. Lonergan, Brandon R. Johnson, TJ Lonergan, and Benjamin J. Lesher bringing a wealth of knowledge and experience to each real estate development opportunity.  The individuals that form Monarch have collectively been involved in the development of over 4,000 affordable housing units.

Michael J. Kearney
Michael J. Kearney is President and CEO of Monarch Development Group, LLC and its affiliates. He is an expert in affordable housing and has spent more than twenty-five years in housing development, including multifamily and single family housing.

Mr. Kearney has extensive experience in deal structuring including use of Federal Low-Income Housing Tax Credits, Federal HOME program funds, Federal Home Loan Bank programs, HUD 202/811 programs, and a variety of other federal and state programs. He has provided technical assistance to non-profit and for-profit organizations to help create thousands of affordable housing units for renters and homeowners.

Thomas J. Lonergan
Thomas J. Lonergan is the Chief Financial Officer of Monarch Development Group, LLC and its affiliates. He has more than thirty years of experience in the housing and financial analysis field.

Mr. Lonergan is a registered securities broker and has assisted in the financing of more than 2,000 units utilizing the Federal Low-Income Housing Tax Credit program.

Mr. Lonergan’s financial background is instrumental in managing partnership accounts and cash flow analysis during the construction process, as well as post construction.

Brandon R. Johnson
Brandon R. Johnson is the Development Director for Monarch Development Group, LLC. Mr. Johnson’s primary roles in the firm include site identification, development feasibility analysis, deal structuring, development team networking, securing financing, and monitoring through and after construction completion.

He specializes in Federal Low-Income Housing Tax Credits and has also utilized financing from PHFA, DCED, FHLB, USDA, HUD, and more.

Previously employed as consultant with Mullin & Lonergan Associates, Mr. Johnson has consulted on or developed over 1,000 units during his housing career.

Benjamin J. Lesher

Benjamin J. Lesher is a Development Project Manager at Monarch Development Group, LLC. Mr. Lesher’s primary responsibilities include assisting with site identification, development feasibility analysis, deal structuring, development team networking, securing financing, and construction monitoring.

Prior to his work at Monarch, he provided pre-development consulting services to municipalities in North Carolina and also worked for a tax credit equity fund helping to underwrite Federal Low-Income Housing Tax Credit developments. Mr. Lesher holds both a MCRP and MBA from the University of North Carolina at Chapel Hill.

TJ Lonergan

TJ Lonergan is a Development Project Manager at Monarch Development Group, LLC. Mr. Lonergan’s primary responsibilities include assisting with site identification, development feasibility analysis, deal structuring, development team networking, securing financing, and construction monitoring.

Prior to his work at Monarch, he was involved in asset management, tax-exempt investment structuring, and more as a financial sales executive for Vanguard. Mr. Lonergan holds both his Series 7 and 63 general financial securities broker’s licenses, is currently a Merit Scholar, and is pursuing both his MBA from Saint Joseph’s University and his Pennsylvania Real Estate License from the Temple University Real Estate Institute.