On December 5, 2012, the Board of Directors of Municipal Mortgage & Equity, LLC appointed J.P. Grant as a new director of the company effective January 1, 2013. Mr. Grant is the founder, President and CEO at Grant Capital Management Inc. where he has specialized in providing tax-exempt financing to city and state governments since the company's founding in 2000. Prior to that, he held positions in major account sales for IBM Corporation - Public Sector and Federal Data Corporation.