2011 Annual Report - HDF: Housing Development Fund, Inc.

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2011 ANNUAL REPORT BOARD OF DIRECTORS Ellen Bromley Attorney at Law Jessica Fogg The Spinnaker Companies Clayton Fowler The Spinnaker Companies Robin M. Gallagher, VICE CHAIR Webster Bank Reyno Giallongo, Jr., SECRETARY First County Bank Thomas Gissen Stamford Partnership Charles F. Howell Patriot National Bank Pobie Johnston New Neighborhoods Jay C. Lent Union Savings Bank John March, CHAIR Citibank Joseph McGee The Business Council of Fairfield County E. Phillip McKain CTE, Inc. Marjan Murray People’s Bank Jack Penfield Interfaith Council Donna M. Ramey Savings Bank of Danbury Lisa A. Sanders, TREASURER Bank of America Al Shehadi Enterprise Community Investment Seymour Weinstein Attorney-At-Law OUR MISSION The Housing Development Fund, Inc. believes that all households and families should have the opportunity and access to affordable housing, and that affordable housing and economic diversity are beneficial to communities. From the Board Chair Dear Friends, In 2011, HDF has worked hard to make homeownership attainable and to help so many hardworking families save their homes from foreclosure. Through education, counseling, and prudent lending, the staff and volunteers at HDF along with our private sector partners and board have worked to fill gaps and to provide solutions that help people when more traditional financing options are no longer available. These efforts benefit low- and moderateincome residents from Connecticut’s largest cities to cozy rural towns. As Chair of HDF’s Board of Directors, I am proud to see this organization rise to meet a struggling economy by diversifying program and product offerings, stepping up lending volume to meet demand for affordable housing, and driving innovation to align new solutions with an ever-changing landscape. We hope that this annual report conveys the energy and dedication that everyone at HDF brings to bear on strengthening communities throughout southwestern CT. Sincerely, John March, Board of Directors Chair
From the President Dear Friends, This has been a year of growth, challenge, and opportunity for HDF. With the commitment of resources by our banking and government partners, we have been able to increase the number of affordable apartments and affordable homes throughout Southwestern Connecticut. We have remained steadfast in our commitment to counseling, both for homeownership and foreclosure prevention. We have continued to innovate, working on new solutions to vexing problems, and we have secured grants to assist us in establishing these new approaches. “Many hands make light work,” the old adage reads, and we wholeheartedly agree. Thank you for your continued support of our efforts. It is a privilege to work at what we do and to continue to make a difference every day in people’s lives. In the year ahead, we look forward to new and ongoing opportunities to engage our partners, supporters, and the community and build on the successes we have achieved to date. Sincerely, Joan Carty, President and CEO Innovation and Collaboration are key to the success of our programs. hdf ANNUAL REPORT 2011 3
Page 4 and 5: Foreclosure Prevention Forum Repres
Page 6 and 7: 302 families counseled by HDF this
Page 8 and 9: [ today: ] Families are uncertain a
Page 10 and 11: CREATIVE HOUSING SOLUTIONS In some
Page 12 and 13: [ today: ] The current financial cr
Page 14 and 15: THE HDF SMARTMOVE DOWNPAYMENT ASSIS
Page 16 and 17: [ today: ] Foreclosure continues to
Page 18 and 19: ARRIVING HOME HDF recently complete
Page 20 and 21: OCTOBER2010 BRIDGEPORT BUS TOUR Bri
Page 22 and 23: Celebrating the year’s successes
Page 24 and 25: Financial Summary 2011 ANNUAL REPOR
Page 26 and 27: STAFF Joan Carty president and chie

2011 Annual Report - HDF: Housing Development Fund, Inc.

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