FWHS Appoints Hector Ordonez Vice President of Finance and Accounting

By May 24, 2021 News

Fort Worth Housing Solutions has named Hector Ordonez, a finance and accounting professional with nearly two decades of public and private sector experience, Vice President of Finance and Accounting beginning June 1. Ordonez succeeds Riza Nolasco, who is retiring after 19 years with the agency.

Ordonez has served as assistant Chief Financial Officer for the Dallas Housing Authority since January 2020. He previously served as Director of Finance & Chief Procurement Officer for the Regional Transit District in Santa Fe, N.M., and as the Deputy Finance Director – Housing Controller in Eagle County, Colo. His early career included accounting positions with a Las Vegas resort and a CPA firm.

Ordonez describes himself as a servant leader with a business-like and values-driven approach. His work is shaped in part by his experience growing up in the Riverview Apartments in Avon, Colo., the community’s only “government apartments,” which he said gave his parents the ability to save for their own home.

“I am thrilled to join Fort Worth Housing Solutions and am looking forward to working with such an amazing and innovative group of people,” Ordonez said. “What a beautiful opportunity to be part of an organization that is in direct alignment of who I am as a person. I want my job to have meaning and to put my talents to work for something that matters.”

“FWHS President Mary-Margaret Lemons said Ordonez’s experience in the affordable housing arena and in the private sector made him the perfect fit for the agency as it moves beyond the era of traditional public housing communities and expands its portfolio of mixed-income, multifamily properties dispersed throughout the city.

“Hector is a consummate professional and a seasoned financial officer with a heart for, and a personal understanding of, the people we serve,” Lemons said. “We are fortunate to attract a talent like his to our organization. Hector will help ensure that our agency continues to provide safe, affordable housing solutions in areas of economic opportunity that help people flourish.”

At FWHS, Ordonez will lead and manage the agency’s fiscal business operations in accordance with Generally Accepted Accounting Principles and current business trends, as well as direct the agency’s administrative services including Information Technology.

During his tenure at DHA, Ordonez helped lead a finance team responsible for a $245 million operating budget and a $100 million investment portfolio.

He possesses extensive knowledge of governmental financial reporting; multi-fund accounting; investment management; CAFR, PAFR & Budget Book preparation; grant application and administration management; strategic planning and the budgeting process. In addition, Ordonez is experienced in procuring, acquiring, implementing and completing large scale Enterprise Resource Planning (ERP) System implementations and other industry and department specific software in a timely, budget adherent and efficient manner.

Ordonez earned his undergraduate degree in Business Administration-Accounting from the University of Nevada in Las Vegas and earned his MBA with a dual specialization in accounting and finance from Regis University in Denver.