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Richard Marsh

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Richard Marsh - Page Text Content

S: Richard Marsh, Housing Finance Analyst

FC: Richard Marsh A man of marvelous works

2: Imagine the impact of getting a $5 return for every dollar you invested. Imagine having over $58 million dollars to invest at that 500% rate of return. That would turn into over $285 million dollars. Now imagine spending that $285 million dollars on affordable housing projects to cultivate safe communities with 2100 affordable housing units for low income families, disabled seniors, and others in our community needing supportive services. This is not imagination. This is the story of Richard Marsh, a recently retired Housing Finance Analyst from SHRA.

3: Richard served as our resident expert in legal and financial matters regarding lending practices. | His insight and knowledge of how conventional lending functions as an institution helped us to develop affordable housing processes and procedures. | One of Richard's colleagues said of him, "If my boss doesn't know the answer to this question, Richard will."

4: Fueled with a steady flow of Chinese food from Jade Garden and a stash of chocolate treats safely tucked in a desk drawer, Richard Marsh applied his expertise in lending protocols to leverage $58,165,750 in Agency subsidy to plan affordable housing projects valued at $285,702,086.

5: Richard's stash of chocolate became more of a secret after he got married. There was no question how much Richard loved Lynne. His biggest struggle after getting married was that he'd have to sneak in his stop at McDonalds on Richards Blvd. & I-5 on the way home before eating dinner at home with Lynne.

6: "Richard showed us how to work with excellence and high quality in a challenging environment full of things you did and didn't agree with." "Richard always did everything humanly possible to help others." | "Richard always had to clean up someone else's mess on a project. He was really good at sorting through the problems that got dumped on him."

7: "Richard's desk was always neat and tidy when everyone else's was stacked in piles of paper." "Richard introduced all of his projects to the construction team describing them as 'outstanding' projects." "Richard never had a mistake in his work. It was always triple-checked." "He was a 'paralegal superior.' The master at getting things perfect." "Mistakes were so uncommon to Richard that the one time that Richard admitted to being wrong his team put an annual commemorative appointment on the Outlook calendar.

8: In addition to his excellent work performed in a crisp white shirt with rolled up sleeves, his amazing New Zealand accent and all that cool hair, Richard was also an instigator of humor in his own way. "Richard could have the most substantive, meaningful dilogue, and then talk to his colleague, Steve Lierly and be equally engaged in both conversations." One colleague said, "I sat right behind Richard and Steve. I loved to hear their half-sentence banter." | Another colleague said, "Sitting next to Richard and Steve was educational and distracting all at once."

9: "Richard and Steve were our own version of the odd couple." | "Steve would regularly set himself up for jokes with Richard just so that Richard could knock him down." | Steve remembers a time when Fran first started as the receptionist and was often getting Richard and Steve mixed up. Richard commented to Steve, "I don't know why she has trouble telling us apart. She must realize that I'm the good looking one."

10: When asked to describe Richard in a word his colleagues said that Richard is... -Determined -VERY proper -Articulate -Gentlemanly -Professional -Bright -Poised -Pleasant -Polite -Genuine -Likable -Sharp -Generous | -A Role Model -A Dutiful Son -A Family Man -A Hard Worker -Very Well Spoken -Sincere -Honest -Straight Forward -Very Engaged in the Macro Economy -Our E.F. Hutton -Reserved and yet so Hilarious

11: "Richard liked to call me useless . . . . . .every time I did something useful."

12: Leadership gains authority and respect when the voiceless poor are treated fairly. | An Ancient Proverb

13: Richard's Projects | Every investment dollar under Richard's care cultivated $5 of investment in affordable housing projects in our community.

14: Expected to open in Winter 2012, the 7th & H Development is a mixed-use affordable housing development which will provide 150 studio and one-bedroom apartments in an eight-story building; extensive community space, comprehensive resident services, a health clinic, and ground floor commercial retail located in close proximity to public transit and a number of downtown amenities. This new building is a landmark affordable housing community which will incorporate many environmentally sustainable features. | 7 th & H

15: Construction site at 7th & H Streets Sacramento, CA 95814 | A community room at 7th & H will carry Richard's name in to acknowledge his work on this project.

16: 7th & H is designed to help meet many important goals of the City of Sacramento, the Sacramento Housing and Redevelopment Agency, and Mercy Housing, including: | - reducing homeless through the provision of high quality, service-enriched housing in fulfillment of Sacramento's 10-year Plan to End Chronic Homeless - building affordable, safe, attractive workforce housing in the downtown area - creating a connection between the existing downtown neighborhood and the future Railyards development. | 7th & H

17: Of the 150 studio and one-bedroom apartments serving very low and extremely low-income households at 7th & H, 75 of the housing units will be reserved for formerly homeless residents and the other half will be reserved for low-income residents.

18: Asbury Place | This project involved the acquisition, rehabilitation, and conversion of a previously severely deteriorated market rate development located at 1520 Morse Avenue in the County of Sacramento. SHRA provided a loan of $2.15 million comprised of HOME and Housing Trust funds. The project resulted in the creation of a 104 unit affordable multifamily rental housing community.

19: Breckenridge Village | This project involved the acquisition, rehabilitation, and conversion of a previously market rate development project of 160 units located at 7326 Stockton Blvd. in the County of Sacramento. SHRA provided a $2 million loan comprised of HOME funds resulting in the creation of a 160 unit affordable multifamily rental housing community. | ...........before | after...........

20: Broadway/MLK

21: This mixed-use infill development is anticipated to be complete in the summer of 2013. The project required the disposition of Agency-owned land and a $5.325 million loan to create 56 units of affordable senior apartments, community rooms, and 5,000 square feet of ground floor commercial space located at the corner of Broadway and Martin Luther King Jr. Boulevard. Over 150 people attended the groundbreaking ceremony for the Broadway/MLK Development (a.k.a. the Arbors at Oak Park) where Sacramento Mayor Kevin Johnson spoke about the importance of developing this catalyst site in the heart of Oak Park that enhances housing options while infilling a long-vacant site.

22: Located at 5200 Broadway in the City of Sacramento the Broadway Seniors apartment project involved the acquisition, rehabilitation, and preservation of a 120 unit multi-family project. SHRA provided a loan of $2.76 million comprised of HOME and Low/Mod Tax Increment funding preserving 120 affordable senior housing units for 55 years that had previously been slated to convert to market rate housing units. | Broadway Seniors

23: Casa de Angelo | The Agency provided $3.495 million in HOME and Low/Mod Tax Increment funding in this acquisition, rehabilitation and reservation project which preserved 100 units of affordable senior housing for 55 years that were slated to convert to market rate housing. This multi-family senior housing project is located at 3151 Notre Dame Avenue in the City of Sacramento

24: Colonia San Martin | The new construction at Colonia San Martin provided 60 units of affordable apartment homes at 7271 Florin Mall Drive in the County of Sacramento. The project included 40 supportive housing units for individuals and families with HIV/AIDS and received $2.9 million of funding assistance from SHRA.

25: Colonia San Martin was one of the first newly constructed facilities for those living with HIV/AIDS in the County of Sacramento.

26: F r a n k l i n V i l l a | This project involved the rehabilitation of 16 units in the Franklin Villa area of South Sacramento located near the intersections of Franklin and Florin in the City of Sacramento. The 16 units, owned by the Housing Authority of the City, were renovated concurrently with the revitalization of the Phoenix Park Project. | before.......... | ..........after

27: G r i z z l y H o l l o w | This new construction of 54 affordable single-family and duplex rental units is located at 955 Beaver Parkway in the City of Galt. SHRA provided $1.6 million of funding in an effort to fill the need for farmworker housing in the southern, more rural, part of the Sacramento County.

28: SHRA provided $3.5 million in HOME money and preserved these affordable housing units for another 55 years preventing their conversion to market rate housing. | Hastings Park

29: This new construction project created 80 affordable apartments located at 999 North Avenue in the former Del Paso Heights Redevelopment Area. SHRA provided a $525,000 loan comprised of City Housing Trust Fund & TI L/M Set-Aside to produce these units for individuals and families. | North Avenue Apartments

30: This 44-unit affordable multifamily housing project involved the disposition and renovation of the property by Mutual Housing, a local non-profit who owned the adjacent Norwood Estates projects. The two projects have been combined and now operate as one. | Norwood Avenue Apartments | Located at 333 Norwood Avenue in the City of Sacramento

31: SHRA provided a $1.25 million loan comprised of Low/Mod Tax Increment to assist with funding for the Norwood Avenue Apartments renovation project.

32: This property was also rehabilitated by Mutual Housing, a local non-profit, who combined operations with the Adjacent Norwood Avenue Apartments. SHRA provided a $1.75 million loan comprised of Low/Mod Tax Increment for the rehabilitation of this 44-unit affordable multifamily housing project. | N o E r s w t o a o t d e s

33: Located at 3335 Norwood Avenue in the City of Sacramento

34: Phoenix Park 2-Phase Project | SHRA initiated the acquisition and rehabilitation of a crime infested area in South Sacramento near the intersections of Florin Road and Franklin Boulevard. This 2-phase project engaged significant time and resources to significantly ameliorate the area.

35: .................before | The many before photos depicted on these pages help to visualize the state of the project area prior to the Agency's intervention.

36: Phoenix Park ......after | The 2 phases of development at Phoenix Park renovated 2-bedroom fourplexes into a combined total of 350 1-, 2-, 3-, and 4-bedroom affordable apartment units. Phase One mobilized $2.8 million in Agency funds and Phase Two mobilized $3.6 million in efforts which significantly improved the neighborhood and reduced crime in the area.

37: Located at 4400 Shining Star Drive Sacramento, CA 95823

38: R o s s w o o d | Manor Apt's | This 97-unit multi-family project involved the acquisition, rehabilitation, and preservation of affordable housing units for 55 years that were slated for conversion to market rate housing.

39: SHRA provided the Rosswood Manor Apartment complex project with a $2.01 million loan comprised of HOME & CDBG funds to preserve the 97 units located on Norwood Avenue between Bell Street & Jessie Avenue in the City of Sacramento.

40: Sienna Vista Apt's | This renovation of a 296-unit project located at 4901 Little Oak Lane on land adjacent to American River College in the County of Sacramento included work on the interior and exterior of the building to improve quality housing for all of its residents. | progress | .....after

41: S u m m e r f i e l d | Plaza Apartments | SHRA issued tax-exempt mortgage revenue bonds to ensure the affordability of 40 elderly units of housing for an additional 55 years in this acquisition, rehabilitation, and preservation project located in the former North Sacramento Redevelopment Area. | These senior housing units are located at 521 Wilson Ave. & 2624 Traction Ave. in the City of Sacramento.

42: Taylor Terrace Apt's | Just north of Interstate 80 in the City of Sacramento, this multi-family housing project ensured the ongoing affordability for another 55 years of 168 units of housing. SHRA provided a $580,000 loan comprised of Low-Moderate Tax Increment for acquisition and rehabilitation of this property located at 4050 Taylor Street in the City of Sacramento.

43: Willowtree Apt's | This project involved the acquisition, rehabilitation, and preservation of a 108 unit multi-family project located on Norwood Avenue between Bell Street & Jessie Avenue in the City of Sacramento. SHRA provided a $1 million loan comprised of HOME money and preserved for 55 years the 108 affordable housing units that had been slated to convert to market rate.

44: "Speak up for the people who have no voice, for the rights of all the down-and-outers. Speak up for justice. Stand up for the poor and destitute!" | An Ancient Proverb

45: Richard, who you are and what you did matters to us and to our community. People often talk about how important it is to invest in children and families, or to respect our elders. Your work put together 2100 housing units that make such a big difference in the lives of people in our community. You created safe places for children to grow up, and for grandparents to live. You brought together resources that make stable communities possible. Your work created safe, respectable places where countless people get to build their childhood and family memories for generations to come. Your work creates hope, stability, the reality of belonging, and a place to build dreams.

46: Notes of thanks from residents living in one of Richard's projects

52: Broadway Senior Center Residents

53: Safe, affordable housing that restores respect and builds community | Just one of countless ways that members of our community find a house that becomes a home.

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  • Title: Richard Marsh
  • Retirement Thank You Gift
  • Tags: SHRA
  • Published: over 5 years ago