MBIA Board Report

Home Builders Care Foundation

MBIA BOARD REPORT – November 2017

A second amendment to the lease of the Maryland Center for Housing is nearing final draft form and is expected to be finalized before January 2018. A negotiation meeting between HBCF and MBIA leadership took place last week.

Fundraising

2017 Chef Night Silent Auction – This year’s auction grossed over $14,000 for Home Builders Care. A total of 79 items were donated. Thank you!

2017 Mortgage Burning Campaign – . As of 10/31/17 our Mortgage Balance is $133,235, which reflects a few payments made from the balance of $200,000 at the beginning of the year. . As of 10/31/17, we have received about $115,000 in pledges. Of the $115,000 in pledges, a total of $64,000 has been received, with most reflected in our reduced mortgage balance. . With the $115,000 in total pledges, that leaves a gap of $85,000 in pledges to officially get to $200K – our original mortgage number. . Here are the members who have contributed – or pledged - in 2017 as part of the Make it Burn Campaign. Thank you! Pettit Family Charitable Foundation $30,000 (over 2 yrs) $15,000 paid in 2017 Residential Title & Escrow Co $15,000 - invoiced Caruso Homes (bonding office) $15,000 (paid in full) Timberlake Homes (AA govt affairs) $15,000 (over 3 yrs) $5,000 paid in 2017 Mid-Atlantic Builders PG govt affairs split TBD Southern Trust Mortgage (PG govt affairs split) $7,500 (paid in full) Williamsburg Homes (membership office) $6,000 (paid in full) Orchard Development $5,000 - invoiced Rachuba Family Foundation $5,000 (paid in full) Howard Bank $5,000 (paid in full) Morris Ritchie Associates $5,000 (paid in full) Bob Mowrey (large paver) $2,500 (paid in full) Harkins Builders $1,000 (paid in full) Bob Ward Companies $1,000 (paid in full) . Other Donations have come in at lesser amounts. It is also of note that some year-end donations have not been earmarked for the mortgage. We hope to still get some pledges in before the end of the year. . A ceremonial Mortgage Burning and Donor Appreciation Reception is being planned for the afternoon of November 30.

Projects / Activities of Note

 Jefferson House Project Completed – The historic home operated by the Community Ministries of Rockville serves as transitional housing for 8 formerly homeless men. The home’s two bathrooms recently received a complete makeover with HBCF assistance.

 Becky’s House- The home for 8 elderly homeless women in Rockville will be receiving key upgrades. The scope of work will need to be redeveloped after some flood-related basement repairs are completed. Winchester Homes will take lead.  Marian House – HBCF has pledged $100K in cash and in-kind assistance to help Marian House with the renovation of a former rectory and convent. The Baltimore nonprofit will house homeless women and families in the properties – creating 20 new housing units. A former school is also being transformed.

 Patriot Point –Patriot Point serves as a retreat center for injured veterans. The group would like to build a new lodge in order to serve/ house more wounded, ill, and injured veterans and their families. Meetings to discuss how HBCF could potentially get involved have already begun.

 The Franciscan Center – Thank you to BB&T Bank members who recently helped with the handsome refurbishment of the Barber Shop/Adult Education Room at the Franciscan Center. The FC provides emergency assistance and supportive outreach to persons who are economically disadvantaged in the city.

 Champ House – a special tour of the Bowie facility with the Lt. Governor took place in late September. Since HBCF repaired the roof last year, a team from Bozzuto Homes, led by Jeff Cellio, has been working to transform the house by doing a tremendous amount of exterior renovations at the recovery program. Champ House recently received a new $50K grant from the state for interior renovation work. Bozzuto is helping create a scope of work for the use of funds.

 Toy Drive for Sarah’s House at Fort Meade. Please bring your donation of NEW unwrapped gift (with tags) to one of MBIA’s Holiday Events in December. Collected toys will be donated for distribution to homeless families at Sarah’s House, a supportive housing program offering emergency shelter and project-based supportive housing with an array of other services for families experiencing homelessness in Anne Arundel County.

HBCF updates and info is available online:

 Website http://www.hbcf.org  Community Builders blog located at: http://homebuilderscaremd.blogspot.com/  Facebook page https://www.facebook.com/HomeBuildersCareFoundation and  Twitter account. http://twitter.com/HomeBldersCare