Biography of the Month

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Albert C. Hanna

Biography: Albert C. Hanna of Chicago, Illinois was formerly associated with Draper and Kramer Inc. as Senior Vice President. He earned his B.B.A., J.D. and M.B.A. at the University of Wisconsin. Mr. Hanna has 55 years of experience in the field and a work career spanning over 73 years (having started working at age 13). In 1997, he was voted Man of the Year by the Chicago Mortgage Bankers Association. In 2003, Mr. Hanna was the first mortgage banker elected to the Chicago Association of Realtors Hall of Fame. He was also the first mortgage banker to be formally recognized as a “visionary leader” by the City of Chicago Council Resolution (adopted September 4, 2003). The Council honored Mr. Hanna as a “….leader of great entrepreneurial spirit and accomplishment, [demonstrating] an enviable record of professional achievement and civic leadership.” In 1997-98, Mr. Hanna and his wife were proud to have founded the Tesomas Alumni Camping Trust (TACT), the Al and Chris Hanna Eagle Scout Scholarship Foundation and funded the construction of the Council’s unique Hanna Venture Base including a 23 foot high interior climbing wall, 60’ climbing tower, 6 station high rope course and a zip line. In 2015, Mr. Hanna was also honored by the National Boy Scouts of America with a Silver Beaver Award, the organization’s highest honor. Mr. Hanna has traveled, cycled, canoed, climbed and hiked through 65 countries on all seven continents and summated six of the seven summits. In 2000, at age 70 and on this third attempt, he missed his goal of summiting Mount Everest (29,036’) (the seventh summit) by 33 vertical feet. For good measure, he “threw in” Indonesia’s Carstensz Pyramid, which at 16,023’ is the tallest peak in Oceania. While serving in the Armed Forces in Korea, where he taught English at night, and during a visit to India in the mid 1950’s, he grew increasingly aware of the poverty that beset the world and set classes of people against one another. Throughout his career, Mr. Hanna has been a powerful and passionate advocate for housing justice, property rights and incentivizing – not penalizing – the home building and apartment and condominium development industries. In this regard, since 1971, he has contributed over 35,000 pro-bono hours on behalf of the public.
Industry: Real Estate Finance, Mortgage Banking, Defaults and Workouts
Born: July 13, 1930
Married: May 1958
Current Organization: Self-Employed
Type of Organization: Self employed Pro-Bono litigation involving personal lawsuits against the City of Chicago; Retired December, 2014 after a 72 year working career
Major Product: Fighting against Chicago's discriminatory zoning practices and procedures
Area of Distribution: National
Expertise: Active 30+ years in Pro-Bono litigation: Litigation pertaining to the protection of property rights and housing justice
University/Degree: B.B.A., J.D., M.B.A., University of Wisconsin
Honors & Awards: Distinguished Eagle Scout (2002), two Silver Palms and Quartermaster Sea Scout; Inducted in the Chicago Association of Realtors Hall of Fame, 2003; Illinois Mortgage Banker of the Year, 1997; Silver Beaver Award-highest honor bestowed by Boy Scouts of America; Man of the Year, Chicago Mortgage Bankers Association, 1997
Published Works: Over 40 articles related to real estate economics and development and their impact on city finances
Affiliations: Civic Federation; Boy Scouts of America; Hanna Venture Base Foundation and Al and Chris Hanna Eagle Scout Foundation and Civic Federation; Military: Air Force Reserves, United States Army (active duty Korea)
Hobbies & Sports: Skiing, tennis, mountain climbing (has climbed the Seven Summits but missed the Everest Summit by 300 vertical feet)
Email: albertchanna@gmail.com