Mark H. Dambly
President, Pennrose Properties, LLC
Mark H. Dambly began his career at Pennrose Properties in 1992, as a Vice President and partner. He became President of the firm in 2004. His vast experience in a variety of real-estate development arenas includes complex multi-funded transactions in both the affordable and market-rate housing markets. He keenly invests himself fully in leading the firm's development teams through every phase of the development process, from initial financing applications and approvals through closings and construction completion.
Mr. Dambly directs the firm's business development efforts--seeking opportunities for future business, establishing and maintaining relationships with municipalities, agencies, and lenders. Under his leadership, Pennrose's portfolio of real-estate developments has grown to nearly 10,000 units.
Prior to joining Pennrose, Mr. Dambly owned and operated a successful home-building business. Developing and building award-winning communities gave him experience in land development, subdivision, financing, and construction. Currently operating throughout the Eastern United States, Pennrose communities reflect the same high quality in design and construction that won Mr. Dambly the Pyramid Award for Best Custom Home of the Year by the Home Builders Association in 1990 and 1992.
Mr. Dambly's understanding of the intricacies of residential development is a balanced perspective of social necessity and market opportunity gained over many years of working in the complex context of today's real-estate development environment. He applies his experience to form sophisticated solutions to the inherent difficulties of creating quality affordable housing in today's market. He coordinates creative developmental financing across a broad range of sources including low-income housing tax credits, historic tax credits, tax-exempt bonds, general obligation bonds, and HUD Section 8 Project Based Assistance and HOPE VI grants. He brings a proven financial capability, a record of accomplishment of successful properties planned and built on schedule, and a strong commitment to serving family and seniors affordable, multi-family and market-rate housing needs.
Among his civic activities, Mr. Dambly serves on the Pennsylvania State University Board of Trustees; Board of Directors of the Crozer-Keystone Health System. In addition, he is a member of the Philadelphia District Council, Urban Land Institute, Chairman of the Board of Directors of the Chester Institute of Economic Development, Board of Legal Housing Legal Services, Housing Alliance of Pennsylvania and Maryland Affordable Housing Coalition.
Mr. Dambly is a graduate of Pennsylvania State University, where he earned a Bachelor of Science degree in Real Estate and Insurance.
Mr. Dambly resides in Media, Pennsylvania with his wife Lauren and children Christian and Julia.
Mr. Dambly was appointed by Governor Rendell to serve as a member of the Board of Trustees effective October 2010.