In her work with the Town of Rockport, Ms. Britt is developing an innovative and comprehensive approach to developing a masterplan for the downtown area.
Mr. Schaaf, as Chairman of the Ipswich Affordable Housing Partnership, spoke at the groundbreaking for a 48-unit affordable housing project in downtown Ipswich.
Working with Baker Tilly Virchow Krause LLP, Mr. Schaaf planned and composed a $100 million application for New Markets Tax Credits for the Illinois Valued Advisor Fund, as well as reviewing New Markets Tax Credit applications submitted by WNC Community Development Advisors, LLC of Irvine, CA, and by TransPecos Development Corporation of San Antonio, TX.
As Professional Development Officer for the Massachusetts Chapter of the American Planning Association, Ms. Britt participated in the establishment of a training program for planners seeking professional certification. She also attended the National Conference of the American Planning Association in New Orleans.
Mr. Schaaf assisted Swope Community Builders of Kansas City, MO to plan and submit an application for $15 million to the Capital Magnet Fund, managed by the CDFI Fund, U.S. Department of the Treasury. The Builders seek to invest in key housing and commercial properties in their distressed community. The organization is part of the larger Swope Community Enterprises, which operates 3 health centers and commercial real estate projects.
Ms. Britt is working with Taintor & Associates and the Town of Essex on the disposition of a summer cottage colony on Conomo Point. The restrictive use of public lands for rent to private summer communities is drawing increasing scrutiny where it continues to exist in Massachusetts. Rents on Conomo Point terminate on December 31, 2011, and the Town must have a plan in place of how it intends to proceed with the land disposition.
Mr. Schaaf served on panels for two workshops in the conference, "Focusing on Community Impacts for New Markets Tax Credits" in Washington, D.C. Mr. Schaaf delivered "The Why's and How's of Projecting Future Impacts."
February through July 2010
Mr. Schaaf participated in the ongoing Advisory Committee for the Massachusetts Growth Capital Corporation. Appointed by the Secretary of the Massachusetts Executive Office of Housing and Economic Development, the Committee shared its experience and insights concerning the proposed merger of two state development finance quasi-public agencies and the expansion of their mission and capital assets.
Mr. Schaaf conducted a 3 day site visit to the target market area of a start up CDFI, the South County Community Investment Corporation. He is composing a market analysis for the impending CDFI, which intends to serve a 4 county area south of San Francisco to assist would-be owners to purchase a home and maintain it, including difficult-to-finance mobile homes.
Harborlight Community Partners honored Michael Schaaf for his work on the Board of the North Shore Housing Trust. Michael will now transition to the board of Harborlight Community Partners, the lead non-profit developer of affordable housing serving the region north of Boston.
Carolyn Britt, AICP, was elected to the Board of the Massachusetts Chapter of the American Planning Association in the position of Professional Development Officer. She will be working with other certified planners and training programs to assist the development of certified educational programs and to assist planners with the certification process.
In New York City, Michael Schaaf conducted a workshop, "CDFI Clinic," for local affiliates of NeighborWorks America that are considering applying for assistance from the CDFI Fund.
Michael Schaaf joined three consulting teams submitting proposals to provide technical assistance through the CDFI Fund's innovative Technical Assistance Program.
Two applications for New Markets Tax Credits, for which Michael Schaaf assisted Baker Tilly Virchow Kraus, receive awards.
Carolyn Britt was re-elected as co-chair of the Open Space Committee in Ipswich.
The CDFI Fund awarded the Western Massachusetts Enterprise Fund a $500,000 grant based on an application composed by Michael Schaaf
As a result of an application composed by Michael Schaaf, RCAP Solutions, a CDFI, received a $500,000 low interest loan from the USDA Intermediary Relending Program.
The Commonwealth of Massachusetts released a $2 million investment to the Massachusetts Community Development Finance Corporation upon acceptance of a strategic plan prepared by Michael Schaaf.
The Town of Hopkinton was awarded $1 million in CDAG funding for sewer improvements based on an application prepared by Carolyn Britt, AICP.
The Town of Maynard was awarded a Massachusetts Downtown Initiative Grant for wayfinding signage based on an application prepared by Carolyn Britt, AICP.
Mill Cities Community Finance Corporation opened for business. Michael Schaaf prepared a successful SECA application to the CDFI Fund for this start up, and then provided technical assistance in a market study and planning.