Virginia Pace founded Lightengale Group in 1999 and oversees all technology (including the proprietary Lightengale underwriting database and Project Management mobile apps) and strategic initiatives. In conjunction with her partners, Larry and Maggy, Virginia provides oversight to LGG projects. Virginia is on the Chicago PNC advisory council, and is an active member of the Illinois Housing Council. Her specialties include scoring strategy for 9% allocations, tax-exempt bonds, tax increment financing, and public housing funds (just to name a few).
Virginia developed an interest in housing while volunteering with Habitat for Humanity. Soon after, she went on to serve as the Single Family Home Administrator for Affordable Housing for Nashville (AHN). There, she administered the home counseling program and sold AHN-owned affordable homes to qualified purchasers.
After completing her Masters of Urban Planning and Policy at the University of Illinois at Chicago, Virginia was Vice President of Development at Holsten Development. While at Holsten, she discovered her dexterity within the financial aspects of housing development (her first deal to close had ten unique sources of funding), and left to establish Lightengale Group—which allowed her to focus more on the financial side of transactions.
Vanderbilt University, B.A. in Urban Relations
University of Illinois at Chicago, Masters of Urban Planning
Virginia grew up in the panhandle of Texas and spent much of her youth hovering in tornado shelters.
When she’s not working, she stays active by running along the lakefront and camping with her family.
What I like about LGG
“Every Monday we have a lunch and staff meeting. I enjoy the camaraderie where we first share stories of the weekend and then launch into vetting potential solutions for new challenges.”