Mark H. Dambly began his career at Pennrose Properties in 1992 as a Vice President and partner. He became President of the firm in 2004. His vast experience in a variety of real-estate development arenas includes complex multi-funded transactions in both the affordable and market-rate housing markets. He is fully invested in leading the firm’s development teams through every phase of the development process, from initial financing applications and approvals through closings and construction completion.
Mr. Dambly directs the firm’s business development efforts, seeking opportunities for future business and establishing and maintaining relationships with municipalities, agencies, and lenders. Under his leadership, Pennrose’s portfolio of real-estate developments has grown to more than 16,000 units.
With his many years of experience working in the complex context of today’s real-estate development environment, Mr. Dambly understands the intricacies of residential development and takes a balanced perspective of social necessity and market opportunity. He applies his experience to form sophisticated solutions to the inherent difficulties of creating quality affordable housing in today’s market. He coordinates creative developmental financing across a broad range of sources including: low-income housing tax credits, historic tax credits, tax-exempt bonds, general obligation bonds, and HUD Section 8 Project Based Assistance and HOPE VI grants. He brings a proven financial capability, a record of accomplishment of successful properties planned and built on schedule, and a strong commitment to providing families and seniors with affordable, multifamily and market-rate housing.
Among his civic activities, Mr. Dambly serves on the Pennsylvania State University Board of Trustees and on the Board of Directors of Penn State Health. In addition, he is on the Board of Directors for the Riverfront Alliance of Delaware County, Regional Housing Legal Services, Housing Alliance of Pennsylvania, and Pennsylvania Apartment Association – East.
Mr. Dambly is a graduate of Pennsylvania State University, where he earned a Bachelor of Science degree in Real Estate and Insurance.