Donald Phelan


Don is the Managing Member of DJP Affordable Housing Advisers LLC and works extensively with Boston Capital Finance on a variety affordable housing financing opportunities and activities.

Don retired as a Managing Director at Barings (a MassMutual affiliate) in December 2018 where he managed the Affordable Housing operations of MassMutual, a position he held since 2001. Mr. Phelan was responsible for the origination of new debt and equity affordable housing investments and the creation and external distribution of affordable housing products.

Don joined MassMutual in 1995 just as the company was launching an affordable housing program for both debt and equity that involved a close collaboration with Boston Capital.  Previously, he was the senior officer for real estate and syndication subsidiaries at Connecticut Mutual Insurance Company, a tenure he began in 1992. Connecticut Mutual merged with MassMutual in 1995. Previously, he was an executive officer at both the NYC based Culbro Corporation and Culbro’s Connecticut-based real estate development subsidiary. He was also a supervising auditor at Touche Ross and Co.’s New York office where he worked as a CPA.

Mr. Phelan earned a BS degree in Business Administration from Villanova University. He served on the board of National Affordable Housing Trust and is a past president of the Affordable Housing Investors Council. Don is the Treasurer of the Porsche Club of America – Connecticut Valley Region and a member of the Town of Avon, CT’s Clean Energy Commission.