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

We have worked on numerous types of financing with Chesapeake Community Advisors over the past ten years.  They have ranged from FHA mark-to-market loans to Fannie Mae financing with various levels of renovations on  developments across the country.  What we have found is that there are very few advisors and partners like CCA who have the expertise to guide a deal literally from day one when looking at the feasibility of a deal  through to the construction and lease-up of a property.  We value working with CCA for their knowledge, ingenuity, dedication and hard work to come up with the best possible outcome for their partners and residents.