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

“RPS engaged CCA in 2005 to assist in the disposition of RPS’s affordable housing portfolio, which consisted of over eighty properties, located throughout the country. The successful conclusion to our portfolio disposition is in large part attributable to Ben and David and their team at CCA. Though faced with a multitude of problems, including properties with extensive deferred maintenance, difficult regulatory agencies and severely distressed financial markets, CCA brought resolutions to our issues that were consistently satisfactory to all parties concerned. The depth and scope of CCA’s expertise in the many facets of the affordable housing industry proved invaluable. It has been a privilege and a pleasure to work with such a group of professionals.”