BUILDING STRONG, SUSTAINABLE COMMUNITIES FOR RESIDENTS AND OWNERS
Sharon A. Pray
Sharon A. Pray – President, has been involved in real estate development and property management since 1984. Prior to being involved in real estate, she was the business manager for a school district for over ten years. Her position encompassed the overseeing of non-contract personnel as well as the financial responsibility of the district with annual budgets of several million dollars.
In 1984, she changed careers to real estate development and was employed by Realty Development Group, Inc. She was involved in the development of multi-family housing from the development, construction, through occupancy, dealing with all aspects of financial management including requisitions, budgets, reserve accounts, proformas, etc. She worked with Maine State Housing Authority, FmHA (Maine and New Hampshire), New Hampshire Housing Finance Authority and several private banks for the construction of conventional multi-unit properties.
In 1985, Ms. Pray and a well-known consultant in the Affordable Housing field formed a management company for Realty Development Group, to take over the management of several hundred units of Section 8 elderly and family housing, FmHA 515 family and elderly housing, HUD properties, and commercial and conventional properties throughout Maine and New Hampshire. After holding the position of Vice President for one year, she was promoted to President in charge of directing all operations for the corporation. Ms. Pray was CEO for the management company until 1990 at which time she purchased the company. During this period Ms. Pray expanded the company and became an approved management firm to take control of distressed properties for several banks including Peoples Heritage, Casco Northern, Bank of Boston, Fleet Bank, insurance companies, RECALL and Resolution Trust Corp (RTC). While the business grew during this period it was not a lasting environment and in late 1992 Ms. Pray made the decision to sell off existing contracts, close the company in order to create SHP Management Corp. for Subsidized Housing Partners in December 1992.
Ms. Pray attended the University of Southern Maine where she studied Business Administration. She has attended numerous housing seminars and conferences throughout Maine, New Hampshire, Rhode Island, Massachusetts and Connecticut covering all aspects of housing management. She holds a Maine Real Estate Broker’s license and is past Vice President of Maine Housing Managers’ Association, recently completed a term on the New England Affordable Housing Management Association Board of Directors and currently sits on the MHMA Board of Directors. She has also held numerous positions on boards for different housing and condominium associations.
SENIOR VICE PRESIDENT MID-ATLANTIC/MID-WEST
Mr. Frost began his career in affordable housing at the Maine State Housing Authority in 1992, and transitioned to private management in 1994. In 1996, he began working exclusively with properties financed with the LIHTC program (both new construction and acquisition rehab sites utilizing the 4% and 9% credits) as a regional manager and then portfolio director, responsible for a portfolio of 1,660-units across 14-assets located in five states plus Puerto Rico. In addition to overseeing regional and site staff, Brian developed policies and procedures designed to maximize compliance with the LIHTC program while exceeding occupancy goals as well as the schedule of credit delivery for new properties.
Joining SHP in 2004, Mr. Frost’s responsibilities include the oversight of the Senior Property Managers and the compliance functions for the company. A large part of that function focused on staff training, effective development and implementation of policies that are focused on minimizing vacancy loss and minimizing regulatory risk. Brian has also developed policies for LIHTC financed properties within the SHP portfolio, addressing areas including verification procedures; tenant interview techniques; document retention and an approval process for initial tenants.
Mr. Frost earned a B.A. from the University of Maine Presque Isle and holds an MBA from the University of Massachusetts at Amherst. He also holds several housing industry certifications, including the C12P tax-credit designation from Spectrum Seminars and the CPM designation from the Institute of Real Estate Management, where he is an active member in the Boston chapter. Mr. Frost is a Board Member of MREMA.
SENIOR VICE PRESIDENT OF OPERATIONS
William Brown – COS, CMH, ARM, CPM
Mr. Brown has been with SHP Management Corp since 2004 and in the affordable housing industry since 1981. He has held a number of positions on both the management and maintenance side of the business giving him a unique perspective on the industry. Prior to joining SHP Management Corp, he was the senior property manager overseeing several properties in ME and NH.
Mr. Brown is responsible for providing strategic leadership for the company by working with Senior Managers and Property staff for oversight of the operations of all facilities. He currently oversees all major capital improvement projects and expenditures from a budgeting perspective as well as being instrumental in the development and planning of such projects. He has been involved in the successful development and implementation of a wide range of projects involving numerous Federal, State and local agencies. He has a broad range of experience with capital improvement planning, government regulations and maximizing all aspects of operational costs.
Mr. Brown is also responsible for communicating with and developing programs to ensure that all employees are working safely and in compliance with all federal and state laws.
Professional memberships: Institute of Real Estate Management, Maine Real Estate Managers Association, National Center for Housing Management
Russ Gagne is the Controller at SHP Management. Russ began his career over 30 years ago working as a CPA for the national accounting firm of Coopers and Lybrand. Some of his major audit clients included UNUM, L.L. Bean and Hannaford Brothers. Since moving into the private sector, his finance and operations experience has been in a variety of industries including Retail, Manufacturing, Distribution and Affordable Housing. He has held the titles of Controller, Chief Financial Officer and Director of Finance and Operations. During that time, Russ has negotiated numerous acquisitions, mergers and sales of various entities all resulting in positive outcomes. He also has significant experience in structuring and negotiating new financing as well as refinancing existing debt. A graduate of Southern New Hampshire University, Russ is recognized in the business community as an experienced finance director with achievements in managing growing companies, developing and implementing systems, supervising personnel and strong analytical skills.
At SHP Management, Russ is able to employ all of these skills to help support the continued growth of the organization. Day to day duties include maintenance of all accounting records, general accounting, financial statement preparation and analysis, tax return preparation, annual budget preparation, supervision of the accounting and human resource areas and coordination of the annual audits.
In his spare time, Russ has volunteered to serve on numerous non-profit boards, and at various times has held the positions of Chairman, Vice President and Treasurer. He enjoys playing and coaching ice hockey, traveling with his family and working on a never ending list of home improvement projects.
VICE PRESIDENT NORTHEAST REGION
Candice Froehlich – COS, TCS
Candice Froehlich became Vice President – Northeast Region in 2017. Candice has spent her career dedicated to working in the affordable housing industry and joined SHP Management Corporation in 2005 as the Director of Compliance. She was responsible for the oversight of daily compliance activities of the corporation specializing in HUD Multifamily housing and LIHTC. In doing so, she established relationships with business partners, assured ongoing compliance with both HUD and LIHTC regulations, maximized subsidy revenue, and regularly communicated regulatory and company policy updates to site staff covering over 7000 units across multiple states.
In total, Ms. Froehlich has spent 22 years in the housing industry with 20 of those spent specifically in affordable housing. She began her career in housing working as a Leasing Agent for a market rate property in Baltimore, MD. Realizing she wanted to return to her home state of Maine, she took a Leasing Agent position with Harbor Management Company at a mixed use property having both market rate and tax credit units. She completed her 10-year tenure with them as a Property Manager responsible for the day-to-day operations of a Project Based Section 8 elderly/disabled property before joining SHP Management Corp.
Candice earned a Bachelor of Arts degree in Elementary Education from Goucher College in Towson, Maryland. She has obtained her Certified Occupancy Specialist and Tax Credit Specialist certification through the National Center for Housing Management and has continued her education by routinely attending industry trainings and updates in the field. Outside of the office, Candice enjoys spending time with her family and boating.
VP - Corporate / Insurance Risk Management
Ms. Flynn began her career in the insurance industry and was a commercial property underwriter for Maine Bonding and Casualty Company, Portland, ME until she moved to Frankfurt, Germany. While there she worked for the American Red Cross as the head bookkeeper working with numerous bookkeepers throughout Germany, maintaining a revolving fund which was monitored by the Washington DC office.
Upon returning from Germany, Ms. Flynn received her real estate license and sold residential property for a local Century 21 office. She also has experience working in local town government as a result of working in the planning office of Cape Elizabeth, ME.
Ms. Flynn joined SHP Management in 2001 as a bookkeeper. After 2 years, she was promoted to administrative assistant to the President and in 2012 promoted to Vice President. Her responsibilities include handling of all insurance related issues and overseeing day to day administrative duties working closely with corporate, senior managers and site staff.
Ms. Flynn attended the University of Southern Maine (Portland, ME) and University of Maryland (Frankfurt, Germany campus) majoring in Psychology and Accounting. Over the years Ms. Flynn has earned many certificates pertaining to insurance, real estate and subsidized housing.