Jamboree Promotes Welton Smith to Senior Vice President of Housing Development

Interview with Buena Park's city manager at Jamboree's Clark Commons ground breaking

IRVINE, CA – Jamboree Housing Corporation announced today the promotion of Welton R. Smith to Senior Vice President of Housing Development, according to Laura Archuleta, President.

Smith, who joined the nonprofit affordable housing developer in 2014 as Vice President of Housing Development, is responsible for all aspects of the company’s housing development and associated operations including business development, acquisitions, entitlement, planning and design, construction, and major capital improvements.

Irvine, CA-headquartered Jamboree is one of California’s leading community development organizations specializing in affordable housing. Currently, it has $320 million in its development pipeline and a $1.1 billion asset portfolio that includes the development of more than 8,200 homes in 88 California communities.

“As our scope of housing development and related activities has grown, so has Welton’s responsibilities and this promotion recognizes his outstanding expertise and management skills in overseeing our expanding development and construction operations,” said Archuleta. “We have more new affordable housing development in our pipeline than ever in our history and I am confident that we are more than ready to manage this development growth under Welton’s experienced leadership.”

Prior to joining Jamboree, Smith held senior vice president of development positions at Palm Communities and National Community Renaissance (National CORE). During his 30-year career, Smith has gained extensive experience in all areas of real estate development and management including affordable housing, office and retail, hotel, and industrial. His expertise covers business development, finance, planning, project management and construction. From 1997 to 2001, Smith was a senior engineer with American Airlines’ real estate department where he managed the airline’s aircraft maintenance division assets and oversaw the construction of airport facilities worldwide.

About Jamboree: Founded in 1990, Irvine, CA-headquartered Jamboree Housing Corporation is an award- winning, broad-based nonprofit housing development company that develops, acquires, renovates and manages permanently affordable rental and ownership housing throughout California for working families, seniors and people with special needs. Currently, Jamboree has $320 million in its development pipeline and a $1.1 billion asset portfolio that includes the development of more than 8,200 homes in 88 California communities. A leading nonprofit community development organization, Jamboree is committed to sustaining excellence with high quality affordable housing that benefits the environment, the economy and local communities. With housing as a platform, Jamboree offers free onsite resident services that foster learning, health and community building at 35 Jamboree communities with designated staff at each location. For more information, go to www.jamboreehousing.com.

Discussed in this article: 2016
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