Meet Our Team

David Prout

President

David Prout established Chesapeake Community Advisors (CCA) in 2001 to provide community development consulting services to clients across the United States. Mr. Prout recognized the need for a specialized community development consulting firm that would offer clients a wide array of affordable housing development and finance related services. Drawing upon his extensive experience in affordable housing finance, Mr. Prout oversees CCA’s operations and project management, and directs new business development. Prior to establishing CCA, Mr. Prout was the Director of Regional Equity Funds for the Enterprise Community Partners (ECP) where he managed ECP’s regional equity funds throughout the United States. Since 1990, Mr. Prout has underwritten, structured and/or developed over $1.5 Billion of affordable housing. In 1989, Mr. Prout established an Affordable Housing Investment program for Commonwealth Savings Bank where he served as the Tax Manager. Over the past decade, Mr. Prout has developed and/or consulted on over one-hundred affordable housing developments comprised of over 7,500 apartments involving tax credits located in fifteen states. Mr. Prout, as an owner/developer, has acquired 2,000 units of affordable housing over the last twenty years comprised of twenty properties located in eight states. He is proficient with NMTC, historic and LIHTC, HUD, FHA, Fannie/Freddie as well as many types of federal funding programs and various city and state soft housing loan programs. Mr. Prout is also involved in numerous volunteer activities, including board member of The Maryland Affordable Housing Coalition (post) Hebron Academy Board of Trustees (current) Delaware Committee Investment Corporation Advisory Committee (current) PNC Bank NMTC Advisory Board (current) and The Loading Dock, Inc. (post). Mr. Prout holds a Bachelor’s of Science in Accounting from Elizabethtown College in Elizabethtown, PA.

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What Others Are Saying About Us

“I have worked with the principals of Chesapeake since the inception of Cinnaire in 1993. They have proven to be the most highly skilled and knowledgeable group of professionals we have ever worked with in this industry. Their creative and entrepreneurial approach to real estate development and finance have made them the number one choice for Cinnaire to assist us in complex and difficult real estate transactions. The use of Chesapeake in our Housing Tax Credit Year 15 disposition strategies has produced results for our investors that were beyond their expectations and has been a model we use in all of our disposition strategies. They are real estate experts extraordinaire with the added benefit of being socially minded. They not only care about the investor and owner benefits but also take into account a positive outcome for the residents.”