Update - Victory Housing

1 Update winter 2018. unqualified success. During 2017, Leila was instrumental in helping to achieve the following: Selection of a Victory Housing -led team to redevelop the former Hebrew Home property in Northwest A Note from Selection of Victory Housing as one of two finalists for the Chairman redevelopment of the former Silver Spring Library Continued construction of Victory Crossing Apartments in Silver Spring ahead of schedule and under budget (opening Spring 2018). Development of Victory Haven in Damascus with Paul E. Johnson, Jr. closing and construction start expected mid-2018. Happy New Year! I hope that you and your family had a won- Joint venture with local Housing authority to derful holiday season. substantially renovate an existing seniors Housing community in Rockville in 2018. I wanted to share with you my reflections on a bittersweet In addition, Leila enthusiastically supported a proposal year for Victory Housing . While our development pipeline by staff members to initiate an annual volunteer day to was replenished and our financial strength has never been honor Msgr.

2 Kuehner. In August, the first annual Kuehner better, in October we sadly marked the passing of our Day of Service was held at So Others Might Eat (SOME). founder and guiding light, Rev. Msgr. Ralph J. Kuehner, at where Victory Housing staff members served lunch to the age 93. Father Ralph was a remarkable man who had a burn- homeless. Msgr. Kuehner was a founder of SOME as well. ing passion to care for the less-privileged in our diocese. Later that day, the staff had an opportunity to meet Msgr. The first year for our new president, Leila Finucane, who Kuehner at Sacred Heart Home in Hyattsville. When of- took over for retiring Jim Brown in February, was an fered the volunteer t-shirt, he immediately asked to put it on! Msgr. Kuehner will be sorely missed but his spirit will always live on at Victory Housing through the work we do and now with our annual Kuehner Day of Service as well. Best regards, Paul E. Johnson, Jr. Msgr. Kuehner (seated, first row).

3 Is surrounded by Victory Housing staff after their day of service in his honor. Victory Housing Honor Roll The following individuals, businesses, and groups have generously contributed to Victory Housing , Inc. from January 1 through December 31, 2017: INDIVIDUAL CONTRIBUTORS. LUMINARIES ($1,000 or more) Marilyn Gardner (Marian). John Finneran Maureen Geimer (Marian). Debra Miller (Marian) Diane Gload LaDonna Monaldo (Marian) Trina Hedgepeth George Raymond Karen Houston (Raphael). Pelkey Estate (Malta) Charlene Janes (Raphael). Graduates of the Capital One Ready Set Bank program celebrate with David Johnson trainer Patrick Sheehan (back row, left). CHAMPIONS ($500 to $999) Joanne Johnson (Marian). Diane Murray Barbara Kane (Marian). Gail Kendrick ROUND TWO: PATRONS ($250 to $499) Judy Langley (Marian). Betty Eshenour (Raphael) Treva Lichti (Marian) Capital One Foundation Tiffany Kuehner Robert McArthur Gladys Louk (Raphael). Candall Maness (Raphael) Digital Banking Pilot Project Kathy McKinless Thomas McKay For the second year in a row, a Victory Housing property Jim Tietjen Susan Miller (Marian) was selected to participate in a digital banking pilot project Alisa Wilson Jasmine Morgan called Ready Set Bank funded by a $6,000 grant from the Denise Nagel (Marian) Capital One Foundation.

4 During October, 2018, a group of FRIENDS (up to $249) Mary Nyce residents from Victory Tower in Takoma Park participated Sandra Becker (Marian) Richard Quinn in a six-class digital banking pilot program to help better Patricia Blehr (Marian) Sofia Rebaudengo understand the needs and concerns for seniors utilizing on- Cynthia Cenname (Marian) Rohrbaugh (Grace) line banking, and to learn and improve Internet skills. Each Marguerite Clarkson (Grace) Kristin Savercool (Marian) resident had use of an iPad Air2 tablet computer during the Michael Clemente Donna Sekscienski (Marian) sessions which involved watching a number of short vid- Diane Cohen (Raphael) Barney and Betsy Silver eos, followed by discussion and practice on the iPads. The Austin Conaty (Marian) Timothy Sterling (Raphael) classes were led by Patrick Sheehan of WebHarmony. At the Delores Demino (Marian) Virginia Tippett (Raphael) final class on October 26th, eight Victory Tower residents Wendy Denise (Marian) William Turner (Raphael) received a certificate of completion and a gift card in ap- The Embry Family (Marian).

5 Preciation of their time and feedback. BUSINESS CONTRIBUTORS. LUMINARIES ($5,000 or more) FRIENDS (up to $499) Development Notes Capital One Boston Properties (Raphael). TD Charitable Foundation Our Lady of Good Counsel (Grace) SPRING FLATS Victory Housing 's team was selected in Eugene M. Sullivan, August to redevelop the former Hebrew Home and former CHAMPIONS Foundation Paul Robeson School properties at 1125 Spring Road, NW, ($1,000 to $4,999) Washington, into three new communities providing rental The Bozzuto Group Housing for seniors and families, and homeownership with ap- John Marshall Bank Victory Housing thanks proximately 80% affordable Housing across the entire project. Klein Hornig LLP each individual, business, and group for your Victory HAVEN Victory Housing is developing a 72-unit Revere Bank contribution. apartment building for seniors in downtown Damascus. The United Bank approximate $24M financing package will include tax-ex- empt bonds, 4% low-income Housing tax credits, and state and local subordinate loans.

6 Montgomery County has com- WORKPLACE CAMPAIGN CODES mitted a $ loan and the TD Charitable Foundation has provided a $125K grant in support of the project. Closing Combined Federal Campaign 81233. and construction start is expected in Summer 2018. Maryland Charity Campaign 1292. Victory Crossing Nears Completion Victory CROSSING, a 105-unit community for mixed-income seniors under construc- tion near the intersection of New Hampshire Avenue and Columbia Pike in the White Oak area of Silver Spring, will be completed and ready for occupancy in Spring, 2018. The sources for the $ project include a $ tax-exempt loan through the Freddie Mac Tax-Exempt Loan (TEL) program with the Maryland Community Development Administration ( CDA ) as the governmental lender. Other sources include $ in loans from the Montgomery County Department of Housing and Community Affairs, a $ loan from CDA's Rental Housing Works pro- gram, $ in Federal Low-Income Housing Victory Crossing Tax Credit equity from Capital One and a $ loan and deferred development fees Housing (which was lent into the project) in exchange for allowing HOC to by Victory Housing .

7 In addition, the Housing move 39 project-based voucher units to Victory Crossing. Call (301) 236- Opportunities Commission of Montgomery 0000 or go to County (HOC) made a $ grant to Victory for more information. TD Charitable Foundation Supports Victory Haven In November 2017, the TD Charitable Foundation made a We take our commitment to our communities seriously, and $125,000 grant to Victory Housing in support of the Victory the Housing for Everyone campaign enables us to enhance Haven project currently under development in Damascus, our economic support for the neighborhoods we serve, . Maryland, through its 2017 Housing for Everyone grant said Mike Rayder, Donation and Foundation Manager, TD. competition. Victory Haven will be a new construction 72- Charitable Foundation. Victory Housing President Leila unit rental apartment building for mixed-income seniors on Finucane said that we value our partnership with the TD. Main Street (Maryland Route 108) in downtown Damascus.

8 Charitable Foundation. Grant funds like these are an im- There will be 54 one-bedroom and 18 two-bedroom units, portant part of making our affordable Housing communities with 65 units (90%) reserved for seniors earning a range from possible.. 60% down to 30% of area median income. The $ million project is expected to begin construction in 2018 and be completed the following year. TD Charitable Foundation check presentation (l r): Jeff Blackwell, Vice President, Real Estate Development, Victory Housing ; John Spencer, Senior Vice President, Victory Housing ;. Terry Kenny, Market President Commercial, TD Bank; Donna Grigsby, Community Development Manager / CRA Outreach, TD. Bank; Leila Finucane, President, Victory Housing ; Hugh Franklin, Vice President / Relationship Manager, TD Bank. Victory Housing , Inc. Victory Housing Welcomes BOARD MEMBERS New Board Members Paul E. Johnson, Jr., Chairman We are pleased to welcome The Honorable Patrick W.

9 Kathleen McWilliams, Treasurer, Consultant Dunne, Rev. Msgr. Donald S. Essex, and Sharon Wilson Jane Golden Belford, Consultant G no, Esq. to the Board of Directors as of January 1, 2018. Philip J. Downey, Senior Housing Analytics Patrick Dunne, Catholic Charities Mr. Dunne is the Chief Operating Officer for Catholic Rev. Msgr. Donald S. Essex, Retired Charities for the Archdiocese of Washington. Immediately Sharon Wilson G no, Esq., Volunteers of America prior, he was the Associate Director of the Center for James S. Pope, Consultant Infrastructure Protection and Homeland Security at the Rev. Michael Salah, St. Catherine Laboure George Mason School of Law. Mr. Dunne retired from the Eric Simontis, Archdiocese of Washington Navy as a Rear Admiral. He is a graduate of the Julie Smith, The Bozzuto Group Naval Academy where he earned a Bachelor of Science in Donald C. Tomasso, Great Point Partners Mathematics. In addition, he earned a Master of Science in Mathematics from the Naval Postgraduate School.

10 CORPORATE STAFF. Leila A. Finucane, President & CEO Msgr. Donald Essex, a native Washingtonian, served most John D. Spencer, CPA, Senior Vice President & CFO recently as pastor of Our Lady of Grace Parish in Leisure Sr. Irene F. Dunn, Senior Vice President, Assisted Living Operations World in Silver Spring before his retirement in July 2017. Jeffrey B. Blackwell, Vice President, Real Estate Development He grew up in St. Gabriel Parish in Washington and at- David Johnson, Director of Marketing and Management tended Good Counsel High School in Wheaton and Timur Ryspekov, Senior Asset Manager Cathedral Latin High School in Washington. A gradu- Michelle Limeres, Vice President, Accounting ate of St. Mary's Seminary in Baltimore, he was or- and Administrative Services dained as a priest of the Archdiocese of Washington Pedro A. Mora, CPA, Senior Accounting Manager in 1973. Laura Wang, Accounting Manager Santhi D. Hewagama, Senior Accountant Ms.