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Massachusetts and Rhode Island Chapter Newsletter

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Massachusetts and Rhode Island Chapter Newsletter May 2018 Massachusetts and Rhode Island Chapter Newsletter PRESIDENT’S MESSAGE UPCOMING EDUCATION In Like A Lion, Out Like a Lion by Bud Clarke, MAI 2018 President 7 Hour National USPAP Update Course (2018 - 2019) The month of March recently came in like a lion and out like a lion, not a lamb! New England's June 7, 2018 third nor'easter in less than two weeks slammed parts of the region and dropped as much as 2 Warwick, RI feet of snow in some places and brought dangerous whiteout conditions on the roads. Solving Land Puzzles June 13, 2018 Hurricane force wind gusts were severe in places as much of coastal Massachusetts, Rhode Waltham, MA Island, Connecticut, New Hampshire and Maine bore the brunt of the storms. Low lying coastal areas experienced significant flooding and damage, while communities all over the Real Estate Finance Statistics and Valuation Modeling region experienced flooding, falling trees, and power outages. June 14 – 15, 2018 Woburn, MA The aftermath of these storms left damaged homes, breached seawalls, and wreckage scattered in the streets, with generator-powered pumps sucking saltwater from flooded Basic Appraisal Procedures basements. Shattered fences and broken trees littered yard after yard. June 20 – 23, 2018 Braintree, MA Disasters tend to occur suddenly, taking the public by surprise, even when the location is 7 Hour National USPAP Update known to be prone to such an occurrence. Depending on the nature of the disaster, Course (2018-2019) destruction of property may be widespread and to varying degrees. Initially, the collective June 28, 2018 Woburn, MA reaction to any disaster is shock; however eventually, there is recovery and damaged property needs to be repaired and destroyed property is often replaced. (cont’d on page 8) General Market Analysis and Highest and Best Use July 18 - 21, 2018 ANNUAL DAY OF SERVICE AT THE Woburn, MA GREATER BOSTON FOOD BANK IN MEMORY OF Register Now JAY ZEIGER, MAI ONLINE EDUCATION This years’ event is being held on June 6th Online Appraisal of Medical Office Building Learn More In 2017, sixteen Chapter AI Professionals, participated in the Jay Zeiger Service Day at the Greater Boston Food Bank (GBFB). This annual day of service is in memory of Jay MEETINGS & EVENTS Zeiger and his legacy of service to the Chapter and to the community. This year’s event is almost sold out! With critical volunteer, donations and in-kind support, RI Branch Chapter Meeting June 21st GBFB is leading the response to End Hunger Here, but despite these efforts, one in National Grid Energy Hub nine residents of our community remains food insecure. THE GBFB is committed to Providence, RI providing at least ONE MEAL A DAY for every person in need in eastern Massachusetts. Click here to register Register Now IN THIS ISSUE Boston Landing – A Public/Private Success Story I’m Concerned with the Shortage . Tech Tools and Tips Massachusetts and Rhode Island Chapter Newsletter MAY | 2 0 1 6 2018 OFFICERS & RHODE ISLAND BRANCH CHAPTER CORNER DIRECTORS Bradford Hevenor, MAI, 2018 Chair, RI Branch Chapter President The Rhode Island Branch Chapter kicked off an energetic first half of the year with a productive first Bud Clarke, MAI meeting on February 16 at the lovely Kirkbrae Country Club in Lincoln, Rhode Island. Our first Branch Vice President Chapter meeting included the presentation of our final Hope Scholarship awards to Susan Kelly, SRA Gregory T. Curtis, MAI and Karen Ryan, SRA, in support of their candidacy for the residential review designation. During the presentation, Chairman of the Scholarship Committee Bill McGovern, SRA paid tribute to the Hope Treasurer Scholarship, which sunset at the end of 2017, as well as to the many associates who advanced toward George Demopulos, SRA, AI- their designation with support of Hope funds. The Branch Chapter also congratulates Bill McGovern on RRS his retirement and thanks him for his many years of leadership and dedicated service to our profession and the Appraisal Institute. Secretary John R. Drew, MAI In spite of snowy weather, Rhode Island hosted two successful and well-attended educational programs in March, including the 2017-2018 USPAP update and AI’s new seminar, “Solving Land Valuation Immediate Past President Puzzles.” In April, the Branch Chapter welcomed Sandra Adomatis, SRA to present two half-day Karen Friel, MAI seminars on green residential construction and solar PV valuation. The Chapter was able to offer DIRECTORS discounted tuition to participants thanks to financial support from Elevate Energy and the Rhode Island Energy Efficiency and Resource Management Council, as well as donated conference space at Rhode Gregory Accetta, MAI, AI-GRS Island College. The program attracted over fifty participants which included professionals from all Christopher Bowler, MAI, SRA corners of Rhode Island, as well as Massachusetts. These included residential and commercial Deborah Carlson appraisers, municipal assessors, real estate brokers, and AMC and bank review appraisers. Special David L. Cary, MAI guests included University of Rhode Island Students enrolled in the Energy Fellows Program, as well as Joseph P. Comperchio, SRA other stakeholders in energy-related fields. An informal panel discussion was presented during the Randell L. Harwood, MAI luncheon, moderated by Dr. Carrie Gill from the Rhode Island Office of Energy Resources, which Melanie Kosich, MAI included speakers from National Grid, CLEAResult, and Church Community Housing. It is our hope that J. Michael Tarello, MAI the program will provide a springboard for future collaboration and education, as well as promotion of Chair of the RI Branch Chapter AI’s Valuation of Sustainable Buildings Professional Development Program. Bradford Hevenor, MAI The Branch Chapter is proud to have two members attending AI’s Leadership Development Advisory Council in Washington, DC at the end of May. LDAC participants will be formulating solutions to Newsletter Committee problems and challenges faced by the appraisal profession. In addition, our two participants will be Contact the Chapter Office to meeting with Rhode Island’s congressional delegation to discuss appraisal issues including regulation, learn more waivers, and modernizing appraisal oversight. Chapter Office The Branch Chapter looks forward to its next meeting to be held on June 21 at the National Grid Energy Lianne Andreucci Innovation Hub in Providence. This morning meeting will include our election for next year’s Branch Executive Director Chapter Advisory Board. In addition to the Branch Chapter meeting and elections, attendees will be 51 Pleasant Street able to participate in a tour of the Hub, which is National Grid’s collaborative, community space PMB 164 designed to elevate the conversation around the future of energy and the environment. After the Malden, MA 02148 Branch Chapter meeting, there will be an optional educational offering developed by CLEAResult on the 781.397.8922 topic of building science and zero energy ready homes. Keep an eye out for the meeting notice with Website further details. The Branch Chapter also has its sights set on our September Chapter meeting to be hosted in Rhode Island. Currently in its planning stages, we hope to build on this year’s energy theme Stay Connected! with a home-grown educational offering on commercial and utility-scale solar, as well as a social reception and networking opportunity. We look forward to seeing everyone in-person at these great events. P a g e | 2 Massachusetts and Rhode Island Chapter Newsletter MAY | 2 0 1 5 WELCOME to the Massachusetts and Rhode Island Chapter! The Chapter is pleased to welcome the following new AI Professionals to our Chapter! The real estate professionals listed below have chosen to become part of the Appraisal Institute and open the door to world-class education and networking opportunities. As rapidly as the profession is changing, appraisers today need to prepare for the future. But it's tough to keep up on your own. Appraisal Institute opens the door for you to share in the collective wisdom and experience of 25,000 individuals who are working together to build a stronger future for the profession. Andrew Mellen - Practicing Affiliate Craig Segien - Candidate for Designation Boston, MA Boston, MA Joel Bevis – Candidate for Designation John Charters – Candidate for Designation Newburyport, MA Natick, MA Lawrence Langley – Candidate for Designation Adam Hevenor, Candidate for Designation Worcester, MA Wakefield, RI Joseph D. Crescio – Candidate for Designation Revere, MAI NEWLY DESIGNATED MEMBER PROFILES The Massachusetts and Rhode Island Chapter Congratulates Our Newly Designated Members Sandra Heath, MAI In 2010, she left the fee appraisal world and became a review appraiser; first for HUD's apartment division in Providence, RI, then with Rockland Trust Company and then with Needham Bank, both in the Boston area. She recently took the position of Head of Appraisal at United Bank, headquartered in Hartford, with offices in West Springfield and Worcester, where she currently works. Sandy lives in Duxbury, MA with her husband and two college- aged sons. Stacie Chandler, SRA . Stacie Chandler, SRA of Chandler Real Estate Services, in Spencer, MA received her SRA designation in January 2018. On January 29th, Sandra Heath, MAI was presented with her Achieving the SRA designation shows that Stacie has gone above MAI certificate by Bud Clarke, MAI, 2018 President of the and beyond the education and experience needed for state Massachusetts and Rhode Island Chapter of the Appraisal Institute. certification. As a Designated member of the Appraisal Institute, Ms. Heath has been a commercial appraiser since 1986, when she has made a commitment to advanced education, higher ethical she began her career as a researcher with Arnold Grant Associates requirements and elevated expectations for the appraisal in Hartford, Connecticut where she worked as a senior appraiser, profession as a whole. then head of their multi-family department.
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