Derrick Lovett, President and CEO
Derrick Lovett’s career is defined by his dedication to service and transformative leadership in community development and finance. From his early roots serving in the United States Marine Corps, to his role as CEO of MBD Community Housing Corp (“MBD”) in Bronx County, Derrick’s journey results from the hard work, discipline, and commitment to excellence he brings to his personal and professional endeavors.
After high school, Derrick enlisted in the United States Marine Corps. His military tour imbued him with discipline and deepened his commitment to serving others, laying a foundation of steadfast dedication that would underscore his future endeavors.
Transitioning from military life, Derrick entered the banking sector, where he worked for over 25 years, and climbed the ranks from bank teller to Vice President. As Vice President at both J.P. Morgan Chase and Citigroup, he was responsible for the origination, underwriting, and portfolio management of multiple commercial real estate loan products (pre-development, acquisition, construction, permanent, and syndications).
In 2009, Derrick joined MBD. Under his stewardship, MBD has provided Bronx residents with quality affordable housing, amenities, and best-in-class service, by financing over $600MM in construction and rehabilitation loans, impacting over 3,000 affordable housing residential units and over 7,500 individuals, including children and seniors, some of the most vulnerable housing insecure population.
Derrick is the recipient of numerous awards for his lifetime of service, impact in finance, and housing and community development. In 2023 he was awarded the Hector Figueroa Leadership Award (Urban Green Council), the Impact Award for Community Investment (Citizens Housing Planning Council), and the Community Organization Award (Bronx Chamber of Commerce). Other awards include 2018 Nonprofit of the Year Award (New York Housing Conference), 2017 Housing and Economic Development Award (New York State Association of Black and Puerto Rican Legislators), and the 2016 Community Service Award (Bronx Branch NAACP).
Derrick received his BA from Fordham University, a certificate in real estate from New York University, as well as several additional credentials.