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Carol Peterson

December 26, 1938 March 12, 2010
Carol Peterson
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Obituary for Carol Peterson

Of the many awards Carol Mount Peterson received for her work to bring affordable housing to thousands of families, she was especially touched by a recent tribute describing the scope of her contributions: To the world you might be one person, but to one person you might be the world. The quotation captured her philosophy of personal service and individual attention that was the cornerstone of the affordable housing programs Mrs. Peterson directed during her 36-year career at the Federal Home Loan Bank. Mrs. Peterson served as Senior Vice President and Director of Housing and Community Investment, where she oversaw affordable housing and economic development programs for some 740 FHLBank member financial institutions in Kentucky, Ohio and Tennessee and their non-profit partners. Mrs. Peterson, 71, of Terrace Park, died, Friday March 12, 2010, following a long illness. She was born Carol Stoecklin, daughter of the late Dr. Raymond and Mrs. Marie Stoecklin and was raised in Terrace Park. She and her first husband, Mr. B. K. Mount, raised two sons in Mountain City, Tennessee. In 1970, she became the first woman to fly solo out of Johnson City (Tenn) Airport. Mrs. Peterson returned to Cincinnati in 1972, and she married her second husband, Howard �Bud� Peterson in 1978. She earned a B.S. in business administration from Xavier University in 1984. She joined the FHLBank in 1974 and through a succession of promotions she was named as Senior Vice President in 1995. �Carol was passionate about affordable housing and was recognized as a leader and innovator in our three-state district as well as throughout the Federal Home Loan Bank System nationwide,� said David Hehman, the company�s President and CEO. Mrs. Peterson was presented a lifetime achievement award, for her affordable housing work, at the 2008 Ohio Housing Conference, and she received the Dorothy Williams Lifetime Achievement Award at the 2009 Kentucky Affordable Housing Conference. She guided the FHLBanks� flagship Affordable Housing Program through 20 years of operation, distributing $301 million in grants to assist over 42,000 households gains access to safe, decent affordable housing. She was especially gratified to work in recent years with the FHLBank�s board of directors and its advisory council, a consortium of housing and social services professionals, to implement two privately funded programs: one, helping minorities and persons with special needs achieve homeownership, and the second, assisting at-risk homeowners avoid foreclosure. Combined, these programs have helped more than 3,000 households with $15 million in contributions. �Without the leadership, technical expertise and sheer determination that Carol brought to these initiatives, they might not have gotten off the ground, let alone take flight to the levels of success they now enjoy,� said Carl Wick, Wick Associates Consulting, Centerville, Ohio, and Chairman, FHLBank board of directors. Mrs. Peterson served on numerous boards and civic organizations including the boards of the Foundations Associates, the Ohio Housing Council, the Appalachian Service Project, St. Thomas Housing Corporation, and the Advisory boards of the Corporation for Supportive Housing-Ohio and Southern Appalachia Fund. She was chair of the Ohio Capital Corporation for Housing, and she served on the Women Build Steering Council of Habitat for Humanity International. She served as the first Senior Warden of the Vestry at St. Thomas Episcopal Church where she and her late husband were long time members. Mrs. Peterson was preceded in death by her husband Howard �Bud� Peterson, her father, Dr. Raymond Stoecklin, and her sister, Shirley Bingham of Nashville, Tennessee. She is survived by her mother, Marie Stoecklin; sons, Christian (Melanie) Mount III of Lynchburg, Virginia and Thomas Mount of Jefferson City, Tennessee; grandchildren Hannah and Beau Mount of Georgetown, Ohio, Noell Cosby of Lynchburg, Virginia; step-sons Howard Peterson of Las Vegas, Nevada, and David Peterson of Marlboro, Massachusetts. In addition she is survived by a niece, Emelyne (Lyn) Bingham, of Nashville, Tennessee and caregiver, Shirley Colston. Visitation will be at Mrs. Peterson�s home. Tuesday March 16th from 6 till 8PM. Funeral service will be held 10:30AM Wednesday March 17th at St. Thomas Episcopal Church in Terrace Park, followed by an interment ceremony for immediate family members. Friends and family are invited to a church reception following the services. Memorial contributions may be made to Agape Acres, 161 North Highway 92, Jefferson City, TN 37760.

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