Stephen Madsen is Head of Neighborhood Investment at the Greater Baltimore Committee, where he leads efforts to address vacant housing and advance neighborhood revitalization in Baltimore. Working closely with internal teams and external partners, he helps build the partnerships, systems, and investment framework necessary to restore neighborhood housing markets and accelerate long-term reinvestment. His work connects housing policy, development finance, and economic analysis to strengthen neighborhoods and advance regional economic opportunity.
Madsen brings extensive experience in helping public agencies, communities, and private-sector organizations align policy approaches with market conditions and understand how financing tools influence development feasibility. Before joining GBC in September 2026, he served as a Director at Econsult Solutions, Inc., where he led housing policy, market research, and real estate development finance engagements for clients across the country. He managed multidisciplinary project teams and translated quantitative and qualitative research into practical recommendations for policymakers, development partners, and community stakeholders.
At Econsult, Madsen supported work on Baltimore’s Affordable Housing Tax Increment Financing initiative and analyzed the impact of Philadelphia’s Neighborhood Preservation Initiative. His broader portfolio included housing needs and affordability assessments, economic and fiscal impact studies, and development feasibility analyses. Over his career, Madsen has analyzed a variety of public financing mechanisms and development incentives, including tax increment financing, payment-in-lieu-of-taxes agreements, state development tax credits, and the federal Low-Income Housing Tax Credit.
Previously, Madsen served as Policy Research Coordinator at the New Jersey Housing and Mortgage Finance Agency, where he evaluated programs supporting affordable housing production, preservation, and homeownership. His work included analysis of Low-Income Housing Tax Credit developments, and New Jersey’s first-time homebuyer and down payment assistance programs. Earlier, as a graduate intern with the New York City Economic Development Corporation, he conducted economic and labor market research and assessed the economic and fiscal impacts of development projects.
Madsen holds a Master of City and Regional Planning, with a concentration in economic development and housing, from Rutgers University’s Edward J. Bloustein School of Planning and Public Policy and a Bachelor of Arts in Political Science from the College of the Holy Cross. He is a member of the Urban Land Institute and serves on ULI Washington’s Affordable Housing Local Product Council for 2026–2027.