Shelly J. Tucciarelli, MBA, CPM

Turtle Clan Development Services, LLC (TCDS)

Contact Information:

Address:        300 N. State Street, Unit 2932, Chicago, IL  60654
Phone:          312-286-1737

Shelly Tucciarelli has over 20 years of experience in management, training, administration and development of affordable housing and community development. Shelly is a Native American tribal member of the Oneida Nation of Wisconsin, and owns Turtle Clan Development Services.  Shelly provides real estate development services and affordable housing consulting services. TCDS focuses on professional services to increase the supply and quality of housing and economic development in Indian Country nationwide.


Shelly is working with Tribal Leaders across the country to bring affordable/market rate housing and economic development to their communities.


Shelly was an instructor with the Native Learning Center (NLC) for their spring and summer conference in 2014, and a Webinar on housing in the summer of 2015.  Shelly will continue to do training with the NLC.


Shelly previously worked for the State of Illinois’ housing finance agency.  While at the Illinois Housing Development Authority (IHDA) she worked in the Asset Management Department overseeing IHDA’s multifamily portfolio.  Shelly also worked for the Multifamily Department where she managed and administered the federal Low Income Housing Tax Credit (LIHTC) and State donation tax credit (DTC) programs.  During her tenure at IHDA Shelly allocated over $900M in LIHTC and $50M in DTC while working in the tax credit department.


Shelly also was a key member of IHDA’s team working on the $53M Neighborhood Stabilization Program, a Federal Stimulus program.  Shelly was the program manager responsible for programmatic, financial oversight, technical assistance and compliance of $18M spread over 7 sub-grantees.


Shelly is active within the community and serves on the Advisory Board’s of two New Market Tax Credit (NMTC) Community Development Entities (CDE’s); Enterprise Financial, in St. Louis, MO and Southside Community Optimal Redevelopment Enterprise (SCORE), in Chicago, IL. She is also

 a board member for the NFP Design Coalition Institute in Madison, WI and a board member for NFP Full Circle Communities in Chicago, IL.


Shelly holds a Bachelor’s degree in Accounting from Governors State University, and an MBA in Real Estate Finance and Investment from DePaul University.  She is a Certified Property Manager and long time member of the Institute of Real Estate Management (IREM). 


Shelly J. Tucciarelli is the Owner of Turtle Clan Development Services, LLC, a Native American owned small business.  Shelly has over 20 years of experience in management, training, administration and development of affordable housing and economic development.  Experienced working in fast-paced “hands on” environments demanding strong financial expertise, organizational, technical, and interpersonal skills.  Trustworthy, ethical, and discreet, with commitment to serving persons with low incomes.  Diplomatic and tactful with professionals and non-professionals at all levels.  Accustomed to handling sensitive, confidential records.  Confident and poised in interactions with individuals and in representing her company.  Detail-oriented and resourceful in completing time sensitive projects; able to multi-task effectively. 


Native Learn Center, Hollywood, Florida

Instructor, Building Sustainable Communities 4-3-14, Promoting Strong and Safe Tribal Communities 6-5-14, Webinar-Support Tribal Affordable Housing Activities 6-19-15



Illinois Housing Development Authority, Chicago, Illinois

Project Coordinator, Neighborhood Stabilization Program, Multifamily Finance Department from 10/09 to 9/13

  • Perform and/or coordinate underwriting and project management activity through final loan closing, including cash flow projection analysis, architectural, environmental, and appraisal review, fair housing plan review and review and approval of construction draws for fund disbursement

  • Coordinate internal and public meetings, workshops and logistical arrangements

  • Coordinate department workflow process, assist in the production of reports regarding the program

  • Participate in the development and maintenance of department systems and procedures

  • Work with senior staff to evaluate and recommend upgrades or new systems for tracking, managing and reporting department activity

  • Perform various special assignments and projects for the senior department staff

  • Prepare closing documents for acquisition of NSP properties

  • Review and approve construction draw requests

  • Perform monitoring site visits for NSP Subgrantees

    Manager, Tax Credit Programs, Multi-family Finance Department/Previously Tax Credit Team Leader, from 2/01 to 10/09

  • Supervised 6 full time employees

  • Implemented and provided oversight of a new State Housing Donations Tax Credit Program

  • Communicated with owners, developers (for-profit and non-profit), government officials, public housing authority directors and consultants on various topics and complex issues relating to tax credits

  • Communicated with local, state, and national agencies on a variety of diverse issues

  • Maintained schedules for department deadlines for review federal and state tax credit applications Power Point presentations and presented before monthly board meeting

  • Participated in National Housing Tax Credit seminars and conferences

  • Led the review and revision of the Qualified Allocation Plan

  • Led Tax Credit application workshops, held throughout the state

  • Analyzed, provided supervisory review, scored and undertook underwriting of Tax Credit applications

  • Prepared IRS forms and other allocation documents

  • Analyzed, reviewed, scored and underwrote complex Tax Credit applications

  • Performed and undertook special projects

    Senior Asset Manager, Asset Management Department

  • Worked with owners, property managers, and on-site staff of 48 multifamily, elderly, single room occupancy, and special needs developments totaling over 6,500 units

  • Inspected developments physical, administrative, and fiscal condition

  • Reviewed and approved various financial reports including budgets, audits, and monthly operating reports

  • Worked with owners and agents to implement social service programs

  • Initiated, coordinated and attended Manager’s Network Meetings

    Camco, Inc.

    Chicago, Illinois

    Property Accountant from 7/91 to 4/93

  • Prepared month end financial reports, received and reviewed monthly bank reports

  • Review of 5 properties’ (1,500 units) cash flow and bank reconciliation

  • Prepared reports and schedules for the annual budget and audit

  • Communicated with on-site staff on problems with recording or posting of accounts

  • Prepared mortgage statements to be paid



  • DePaul University, IL
  • MBA/Real Estate Finance and Investment
  • Governors State University, IL
  • BA/Accounting



  • Institute of Real Estate Management, Certified Property Manager designation
  • The National Development Council, HD 420 – Rental Housing Development Finance



  • Awards and recognition
  • Candidate of the Year, Institute Of Real Estate Management, 1996, 1998, and 2001
  • Rising Star Award, Institute Of Real Estate Management, 2001
  • Member, Institute of Real Estate Management, 1995 thru present
  • Member, Association of Realtors, 2001 thru 2006
  • Member, Illinois Housing Task Force, Family Housing Working Group
  • Advisory Board Member, Enterprise Financial CDE, since 2010
  • Advisory Board Member, SCORE CDE, since 2012
  • Board Member, Full Circle Communities, since 2014



  • Community Member and Volunteer at American Indian Center, Chicago, IL