SEATTLE, WA – June 22, 2009 - On Wednesday, June 11th Impact Capital hosted a successful training on “Using Your Capital Needs Assessments Effectively.”  The training was attended by over 40 people from the Puget Sound region, including Everett, Tacoma and Seattle.  Impact Capital worked with the Housing Development Center (HDC) out of Portland, Oregon to develop the curriculum for this training, which had never been offered before. 

HDC trainers Robin Boyce and Craig Kelley brought many years of experience to the training. Robin Boyce was appointed as HDC's Executive Director in January 2005 and has more than 20 years of experience in project financing, construction, project management, housing program management, and asset management and has developed over 1,200 units of affordable rental housing.  Craig Kelley has more than a decade of experience in construction and affordable housing development. 

Almost all the participants reported that the training will help increase their effectiveness in managing the physical condition of their affordable housing portfolio. Cindy Erikson, from the Seattle Office of Housing, said that one of the most valuable things about the training was seeing that “property management, financial management, long-term planning, capital improvements and development are all parts of asset management …  Accomplishing goals requires detailed assessment of 'where you are' from a team with the right sets of skills. And it requires planning, communication, follow through and persistence to get 'where you want to be' ".

 “This training is part of our strategy to make sure that Washington State affordable housing providers are at the cutting edge of not just developing housing, but managing their housing stock well over time, so that it continues to be an asset to residents and neighborhoods,” said Jennifer LaBrecque, Program Officer at Impact Capital.

Impact Capital would like to extend a special thanks to the Seattle Office of Housing and the John D. and Catherine T. MacArthur Foundation “Window of Opportunity” Initiative for their support of this training.

Impact Capital's mission is to make strategic capital investments in nonprofit community development and affordable housing organizations in ways that enhance and sustain their ability to positively impact the quality of life in communities throughout Washington.

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