there’snoplacelikehome

letteR FRom executive DiRectoR AnD PResiDent

For41years,SouthShoreHousinghasoperatedonthepremise

thatstable,well-locatedandaffordablehousingisthefoundation

foranyhealthyfamilyandessentialforstrongcommunities.That

beliefhasmotivatedustodevelopnewandpreserveexisting

affordablehousing,assistresidentstobuytheirfirsthomes,and

counselindividualswhoareatriskoflosingtheirhomes.Our

trackrecordspeaksforitself:500affordablehomesdeveloped,

rentalassistancefor2,500low-incomefamilies,andafullrange

ofhousingservicesto6,000householdsannually.

Withstablehousing,thesefamiliesandindividualshavemoved

forwardintheirlives.Parentshavegonebacktoschoolorgotten

intotheworkforce.Childrenhavethrivedwiththestabilitythata

homeprovides.Peoplewithdisabilitieshaveovercomebarriers.

Andseniorshaveenjoyedthecomforttheysorichlydeserve.

SouthShoreHousing’seffortshaveenabledthesemanysuccess

stories,includingthoseinthisAnnualReport.Thesestories,in

turn,inspireustocontinueourefforts.

Inrecentmonthstheseeffortshavefocusedsubstantiallyon

implementingaboldandwelcomeStateinitiativetohouse

homelessfamilies.Builtonthesamebeliefthathousingis

thefoundationforstablefamilies,theState’snewHomeBASE

programfocusesonhousinghomelessfamiliesratherthan

warehousingtheminsheltersandmotels.Theyhaveenlisted

SouthShoreHousingandotherregionalhousingorganizations

acrossthestatetoimplementtheprogramandreformtheway

weassisthomelessfamilies.

Threemonthsintoit–inpartnershipwithFatherBill’s&MainSpring

andBAMSIinPlymouthCountyandCommunityCareServicesin

BristolCounty–wehavealreadyhoused300homelessfamiliesinthe

regionandprojecttohousehundredsmorethroughouttheyear.As

withthethousandsofhouseholdswe’veservedtodate,thesefamilies

willthenhavetheopportunitytorebuildtheirlivesandplanfora

brighterfuture.

AsuccessfulgraduateofSSH’sFamilySelf-SufficiencyProgramsaidit

bestassheaddressedSSH’s40thanniversarydinner:“Iusedtothink

ofmyhousingassistancefromSouthShoreHousingasasecurity

blanket.NowIseeitasaspringboard.”

carl nagy-Koechlin mike mcgowan ExecutiveDirector President

Whenshebegantheprogram,

shewasa22-year--oldmother

oftwowhowasjustgetting

byasapart-timemedical

assistant.

BrandistatedonherFSS

contractthatshewantedto

becomeanLPN.However,

shewasdeniedadmissionto

BristolCountyCommunityCollege’snursingprogrambecauseoftheir

longwaitlist.Despitethissetback,shewasnotreadytogiveuponher

education.

Sheincreasedherworkhoursandbecauseoftheworkincentivebuilt

intoFSS,startedanescrowaccountasherincomeandrentsharewent

up.SheenrolledinaclasstoimproveherentrancetestscoresatUpper

CapeCodRegionalTech,andwithherimprovedscorewasaccepted

totheirLPNprogramforthefollowingyear.HerFSScounselorsenta

recommendationtotheprogram’sdirectorstating“Myhopeisthatwhen

youinterviewBrandiyouwillseethesamedeterminationandaptitudein

thisyoungwomanthatIdo.”

AftergraduatingfromtheFSSprogram,Brandiobtainedfull-time

employmentatadoctor’sofficeandstartedtoputlargeramountsinto

escrow.Sheiscurrentlyworkingwithdevelopmentallydelayedchildren

andgoingtoschooltocompleteherRNdegree.WhileBrandihas

decidedtoputoffhomeownershipfornow,herFSSescrowaccountand

theFirstTimeHomebuyerclassshetookatProHomesputthatdream

withinherreach.

“TheFSSprogramisagreatincentivetohelppeoplelikemyself,”says

Brandi.“Itprovidestoolstobecomeindependentfromthesystem.My

onesuggestionisthatitshouldbearequirementinsteadofanoption.”

Fortheassertionthatstable,affordablehousingisaspring-boardtoabrighterfuture,BrandiCouto—aproudgraduateofSouthShoreHousing’sFamilySelfSufficiency(FSS)program—isExhibitA.

economic selF-suFFiciency: cHAsing A DReAm

VeronicaworkedwiththefamilytoassembleandsubmitamodificationpackagetoOcwenaimedatloweringtheirmonthlypaymentandavertingforeclosure.

stAying Home: soutH sHoRe Housing HelPs FAmily AveRt FoReclosuRe

Thecouplemadeends

meetbyusingcreditcards

tomakeupforthemonthly

deficitintheirhousehold

budget.Theyhadbeen

workingunsuccessfully

foroverayeartoobtain

amodificationfromtheir

lender,Ocwen.Facedwith

bankruptcy,theDartmouthfamilyreachedouttoSouthShoreHousing

forhelp.

InMay,averydistressedMr.andMs.DartmouthmetVeronicaTruell,

oneofSSH’sexperiencedforeclosurecounselors.Ms.Dartmouthwas

intearsassherecountedhowtheytriedandfailedtogettheirmortgage

modified.

Veronicaworkedwiththefamilytoassembleandsubmitamodification

packagetoOcwenaimedatloweringtheirmonthlypaymentandaverting

foreclosure.VeronicacalledOcwenperiodicallytocheckonthestatusof

therequestandtheDartmouthswereresponsiveeachtimethelender

askedforadditionaldocumentation.Veronicaexplainedeverystep

shewastakingtohelpthemkeeptheirdreamhome.Shealsoworked

extensivelywiththeDartmouthsregardingtheirbudgetandspending

plan.

AttheendofJuly,theDartmouthfamilyreceivedamortgage

modificationapproval.Theirnewpaymentof$1,140ataninterestrate

of4.5%representsa$600monthlysavings.Theyaresohappytohave

kepttheirhomewithalowerandnowsustainablemortgagepayment.

“WearehappythatSouthShoreHousingwastheretohelpus,”said

Ms.Dartmouth.

1Theclient’snameshavebeenchanged.

Mr.andMs.Dartmouth1hadanadjustableratemortgagethatbecameunsustainable.Theirstrugglebeganwhentheystartedlendingmoneytofamilymemberswithoutreceivingthefundsbackinatimelymanner.

Jessicaenteredahomelessshelter

determinedtochangeherlifeand

findawaytogiveherdaughters

stability.Insheltersheentereda

treatmentplanformentalhealth

issues.Shewasalsoreferredto

SouthShoreHousing’sGreater

PlymouthAreaSupportiveHousing

Program,aprogramthatprovides

permanenthousingwithcase

managementtohomelessfamilies

withadisabledfamilymember.Whileworkingwithacasemanager,

participantsdeveloplongtermcommunitybasedsupportservicesto

increaseself-sufficiencyandmaintainpermanenthousing.

Throughtheprogram,Jessicaandhergirlsnowhaveaplacetocall

home.ThatstabilityhasenabledJessicatoworktowardscompleting

hereducation.Hergirlsarealsodoingwellinschoolandareinvolved

inactivitiesintheircommunity.Thefamilyhasdevelopedsupport

systemsandtheirfutureprospectsarebright.

Overthetenyearstheprogramhasbeeninexistenceithasassisted

over20familiesoutofhomelessness.Severalofthechildreninthese

familieshavegoneontoearncollegedegrees.Jessicahaseveryreason

tohopeandexpectsimilaropportunitiesforherdaughters.

Jessica,ayoungmotheroftwodaughters,wasreadytochangeherlife.Foralongtimesheandhergirlshadbeenbouncingfromplacetoplacestayingwherevertheycouldforaslongastheycould.

A PlAce to cAll Home

Revenues

AdministrativeFees 3,008,357

RealEstateIncome 121,260

Donations 112,436

Interest&DividendIncome 217,552

MiscellaneousIncome 32,977

NetGain/(Loss)onAssets (215,500)

TotalRevenues 3,277,082

oPeRAtionAl exPenses

ClientServices 209,095

Wages&Benefits 2,245,169

Telephones 30,733

OfficeSupplies 97,453

ProfessionalServices 125,886

Travel&Vehicles 74,280

OfficeEquipment 94,628

LiabilityInsurance 14,918

OperationalInterest 20,908

MiscellaneousExpense 102,956

TotalOperationalExpenses 3,016,026

FAcility exPenses

Utilities 32,168

Maintenance&Janitorial 65,007

PropertyTaxes 13,756

Rent&CondoFees 38,251

PropertyInsurance 8,372

MortgageInterest 59,354

Depreciation 86,042

TotalFacilityExpenses 302,950

NETPROFIT(LOSS) (41,894)

soutH sHoRe Housing income stAtement 12 months ended june 30, 2011

PHOTOGRAPHy:LISAKESSLERDESIGN:SAWyERDESIGNASSOCIATES,INC.

Public grants and contracts

DepartmentofHousingandCommunityDevelopment

HousingPartnershipNetwork

MassachusettsDepartmentofChildrenandFamilies

MassachusettsOfficeofHealthandHumanServices

PlymouthCountyHousingAlliance

TownofCarver

corporate and Foundation support

AbingtonBank

AffirmativeInvestments

Alexander,Aronson,Finning&Co.

BankofAmerica

BJ’sCharitableFoundation

BostonPrivateBank

BridgewaterSavingsBank

BristolCountySavingsBank

BuonaFortunaRealtyTrust

CEDAC

Citibank

CitizensBank

CitizensUnionSavingsBank

ColonialFederalSavingsBank

DanielDennis&Co.LLP

DellbrookConstruction

EasternBank

EgmontAssociates

FatherBills&Mainspring

FirstCitizensFederalCreditUnion

FrederickE.WeberCharitiesCorporation

GeorgeA.RamloseFoundation

HallKeen

HarborOneCreditUnion

HaroldBrooksFoundation

HighPointTreatmentCenter

InsperityCorporateGiving

J.D.Locksmiths

JackConwayRealty

JANCODevelopment

JeanMullerAssociates

KaramFinancialGroup

KevinP.MartinAssociates

L.Knife&Son

MassachusettsHousingPartnership

Matera,Vopat,Matera&Johnson

McCullough,Stievater&Polvere

MHIC

Mostue&AssociatesArchitects,Inc.

NeighborhoodHousingServicesoftheSouthShore

NeighborhoodofAffordableHousing

Non-ProfitTransitionsLLC

NorthEastonSavingsBank

NorthRealtyTrust

OldColonyyMCA

PartnersBenefitGroup

PeabodyProperties

ReliantRealtyServices,Inc.

RocklandTrust

SawyerDesignAssociates,Inc.

SouthShoreCommunityActionCouncil

SouthShoreMedicalCenter

SouthShoreSavingsBank

SovereignSantanderBank

SuperiorCoin-Op

SussmanAssociates

TheCommunityBuilders

TheNarrowGateArchitectureLtd.

UnitedWayofPlymouthCounty

VivaConsulting

WarnerLarson

WATDRadio

WebsterBank

WrightTechnologyGroup

individual Donors

BrianAlosi

SelomBadohu

MarkBarnes

RuthBlake

DaleBoch

PatriciaBordewieck

Bradford,Cushing,MillPondRealtyTrust

CarlosBrasidio

JimBuechl

RogerCenac

TimothyCiaffoni

FrankCloherty

JamesConnolly

TroyRileyCrane

LucyCunha

SilvinoM.Dacosta

JamesDonovan

SteveDubuque

DonaldEllis

ThomasFerry

JohnL.Florio

LewFinfer

KennethFrade

ElveraGearin

RobertP.Goncalves

JudyHeppleston

Phil&BeverlyJohnston

Patrick&JulieKoechlin

PatriciaKoechlin

Sandra-MarieKuczewski

BruceLalli

JeanA.Langley

PhyllisA.Liuzzi

EddaM.Lopez

VincentE.Martino

RogerMerritt

JohnMurphy

FrancisMuscato

CarlNagy-Koechlin

AngeloNuby

JoaoNunes

ThomasO’Hara

JamesR.O’Leary

AyodeleO.Oluboje

JohnParriott

SchreeA.Pettigrew

JohnPoirier

GordonPulsifer,WoodcrestApartments

JessicaRoderick

ManuelSmiley

PaulJ.Sordillo

SarahStroud

DeborahA.Stonefield

WalterThomas

EmmanuelTiliakos

KyleTitus

LawrenceWard

JonathanWhite

MichaelWoods

All of south shore Housing Board of Directors

RogerBerg

AllenCarlton

JamesDuff

ArthurGarceau

DarrylMayers

MichaelMcGowan

AlmaMorrison

JeanRiley

CharlesSimpson

AldenWells

JamesWatson

LashaundaWatson

soutH sHoRe Housing’s DonoRs

SouthShoreHousing 169SummerSt. Kingston,MA02364

www.southshorehousing.org