Alfonso Costa Jr. serves as Executive Vice President of the Falcone Group (a multibillion-dollar vertically-integrated real estate development and investment firm based in South Florida, USA), where he is responsible for leading the company’s affordable & workforce housing platform, as well as its Opportunity Zones strategy.
Mr. Costa previously served as Deputy Chief of Staff and Opportunity Zones lead for the United States Department of Housing and Urban Development (HUD). In his role, Mr. Costa was responsible for overseeing policy for the $50 billion annually budgeted Cabinet-level agency, which maintains a wide range of Federal housing and community development programs, and more than 7,000 employees across 57 offices nationwide. Amongst Mr. Costa’s agency-wide portfolio included advising on HUD’s multifamily mortgage insurance programs to increase affordable & workforce housing supply, as well as directing actions to remove barriers to affordable housing development.
As an expert on the bi-partisan Opportunity Zones program, Mr. Costa was the Chairman’s delegate and HUD’s lead representative on the Federal Government's inter-agency Opportunity and Revitalization Council (“Opportunity Zones Council”) during his time in public service, and for his efforts was ranked #10 in the Opportunity Zone Magazine’s “Top 25 Opportunity Zone Influencers of 2020” list.
Mr. Costa earned his juris doctor degree from Harvard Law School, master's degree from the University of Oxford, and bachelor's degree from Yale University where he played both Division-I basketball and lacrosse. He is currently a Public Sector Fellow of the Harvard Alumni Real Estate Board, Full Member of the Urban Land Institute (ULI), Product Council Member of ULI Florida's inaugural Affordable & Workforce Housing Council (AWHC), City of West Palm Beach Affordable Housing Advisory Committee (AHAC) Member, Advisory Board Member of the Nova Southeastern University Master’s in Real Estate Development (MSRED) Program, and Emerging Leaders Council Member and basketball alumnus of New Heights Youth (New York City).