United Development Funding IV announced the addition of Stacey H. Dwyer as its Chief Operating Officer effective February 17, 2014. Ms. Dwyer, an experienced residential homebuilding and development leader, will assume operating leadership of UDF IV. She will work with the Company's board of trustees and the Company's Advisor to effect the strategic growth objectives and capital market transactions of UDF IV.

Ms. Dwyer is joining UDF IV from D.R. Horton Inc., where she served as Executive Vice President since 2000 and Treasurer since 2003.