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 12,000 apartments involving tax credits located in fifteen states. Mr. Prout, as an owner/developer, has acquired 3,000 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

Gorman Management Company (GMC) is a legacy Section 8 owner/manager in Oklahoma that was established in 1978.  We were introduced to CCA through Ben Etheridge in 2012 and closed our first two 9% LIHTC deals that year.  Since then, we have closed an additional nine deals that are a mix of for-profit and non-profit owned properties (and three in process).  Most of our deals are complicated and require expertise in all levels of affordable housing (HUD, LIHTC, FNMA, etc.).  CCA has brought expertise as our development partner to all of these deals that was essential to their success.