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Friday, April 18, 2014

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Cascade: No. 54, Spring 2004

District News

Jerry Brant, president of the Northern Cambria Community Development Corporation of Northern Cambria, PA, was one of six recipients of a James A. Johnson Fellowship from the Fannie Mae Foundation in 2003. The fellowship provides a $70,000 grant, as well as a stipend of up to $20,000 for travel and educational expenses, in recognition of past accomplishments and as stimulus to further professional development in the fields of affordable housing and community development.

Joan Brodhead, previously a consultant and vice president at Meridian Bank, has joined Community First Fund in Lancaster, PA, as a senior director. She oversees a new SBA-funded Pennsylvania Women's Business Center that serves a 10-county central Pennsylvania region.

Karen Kollias, formerly with the Neighborhood Reinvestment Corporation and Bank of America, has joined NCALL Inc. in Dover, DE, as asset manager overseeing multifamily development by nonprofits in the Delaware Rural Housing Consortium.

Caroline Glackin, previously executive director of the First State Community Loan Fund, has become director of Delaware State University's Entrepreneurship Center.

The historic RCA "Nipper" Building in Camden, NJ, is being redeveloped into 341 loft apartments and retail stores by Dranoff Properties. The Community Preservation Corporation closed $5 million in permanent financing in participation with FleetBoston Financial's real estate finance group; other participants included United Bank of Philadelphia and Wilmington Trust of Pennsylvania.

Articles on revitalization strategies of five Philadelphia CDCs have appeared in the Philadelphia City Paper. For information on the ongoing series, contact Sue Sierra of the Philadelphia Association of Community Development Corporations at ssierra@pacdc.org.

The Reinvestment Fund has issued Choices in Pennsylvania, calling for a comprehensive state housing strategy in Pennsylvania, while the Housing Alliance of Pennsylvania has produced a report on the strengths and weaknesses of the state's housing market. The reports may be found, respectively, at www.trfund.com/about/publications.htm and www.housingalliancepa.org.

Project H.O.M.E. in Philadelphia received a Ford Foundation Leadership for a Changing World Award.