Alfonso Costa Jr.

Alfonso Costa headshot

Alfonso Costa Jr. serves as Chief Operating Officer (COO) of the Falcone Group, where he is responsible for overseeing the development of multifamily apartment communities, leading public-private partnership (P3) opportunities, and executing operational & strategic initiatives for the company. Headquartered in South Florida, the Falcone Group is a real estate development & investment firm that has developed and acquired more than 30,000 multifamily apartments, 15 million square feet of commercial space, and 30,000 single-family homes throughout the country.

Mr. Costa previously served in the Federal Government as Deputy Chief of Staff & Opportunity Zones lead for the U.S. Department of Housing and Urban Development (HUD). In this public service role, Mr. Costa was responsible for overseeing policy for the $50 billion annually-budgeted Cabinet agency, which maintains a wide range of housing and community development programs, a $1.3 trillion mortgage insurance portfolio, and approximately 7,000 employees across 57 offices nationwide. As an expert on the bi-partisan Opportunity Zones program, Mr. Costa held the title of Chairman’s delegate and HUD’s lead representative on the Federal Government's inter-agency Opportunity and Revitalization Council, and for his efforts has been recognized in the Opportunity Zone Magazine’s “Top 25 OZ Influencers” list for both 2020 and 2021.

A former 5th-grade teacher as a Teach for America (TFA) corps member, Mr. Costa is now an active social advocate through philanthropic & academic volunteer work on both the national and local levels. Nationally, he serves as a Member of the Harvard Alumni Real Estate Board, Housing Advisory Council Member of the Bipartisan Policy Centre, Board Member of the Home Builders Institute, and Full Member of the Urban Land Institute (ULI). In his home State of Florida, Mr. Costa is the Program Chair of ULI Florida’s Affordable & Workforce Housing Council (AWHC), Advisory Board Chair of the Nova Southeastern University Master’s in Real Estate Development (MSRED) Program, and recent Member of the City of West Palm Beach Affordable Housing Advisory Committee (AHAC).

Mr. Costa earned his law degree (JD) from Harvard University, master's degree (MSc) from the University of Oxford (United Kingdom), and bachelor's degree (BA) from Yale University. At Yale, he played both Division-I basketball and Division-I lacrosse while serving as Chair of the Yale Athletic Department’s Thomas W. Ford Community Outreach Committee.