Ronne Thielen Executive Vice President


Ronne Lynn Thielen is an Executive Vice President of R4 Capital. She is based in the Newport Beach, CA office, where she is responsible for running west coast operations as well as acquiring housing tax-credit and bond-financed properties throughout the US. Ronne has spent her 42-year real estate finance and investment career as an affordable housing advocate and has been an LIHTC industry leader since inception of the program in 1986.

Immediately prior to joining R4 Capital, Ronne formed the Housing Resource Connection, a consultancy based in Southern California to assist those working in the low-income housing tax-credit industry. Before that, from 1994 to 2011, she was a Managing Director in the Affordable Housing Group at Centerline Capital Group, where she managed its California office and grew its LIHTC portfolio into the largest segment of the company’s tax-credit portfolio. Preceding her 17-year tenure at Centerline, Ronne was executive director of the California Tax Credit Allocation Committee from 1991 to 1994. Prior to that she was deputy director for program and policy development at the National Council of State Housing Agencies and, before that, served at the Vermont Housing Finance Agency in the multifamily finance and asset management arenas.

Ronne is a past president and current President Emeritus on the board of the Affordable Housing Tax Credit Coalition and is an active member of several national and state associations that address affordable housing issues, including serving as a past chairman and current board member of the National Housing & Rehabilitation Association, member of the Editorial Advisory Boards of the Tax Credit Advisor and Affordable Housing Finance Magazine and member of the California Housing Consortium Board of Governors. She is also on the board of Abode Communities, a nonprofit LIHTC developer in Los Angeles. She was inducted into the Affordable Housing Finance Hall of Fame in 2014. Ms. Thielen earned a Bachelor of Arts degree from Cornell University.

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