News: Owners Developers & Managers

Trinity Management CEO Franco honored at HomeStart’ Fall Gala

Boston, MA Kate Franco, CEO of Trinity Management LLC, was honored at HomeStart’s Fall Gala on September 20 with the President’s Award for her work with the organization’s Homelessness Prevention Program. 

HomeStart president Matt Pritchard extolled Franco’s dedication and determination to “put a permanent dent in homelessness,” by finding alternatives to eviction that include support services, life skills and money management with significant savings for property owners.

Trinity Management’s portfolio includes more than 5,000 affordable apartments, as well as market-rate apartments and condominiums. Franco, in her speech at the gala, spoke of the renewed pride and self-confidence that can be seen in those who once again have a home.

“It is comforting to know that in some small way we are breaking the cycle of repeated homelessness,” Franco said. 

In Massachusetts, the average age of a homeless person is 8 years, and 9,000 high school students are homeless, Pritchard told the crowd at the Seaport Boston Hotel, where Sheila Dillon, Boston’s chief of housing and director of neighborhood development, was also honored. Dillon received the Gold Key Award for her “ferocious” dedication to preventing homelessness. 

Most families are evicted for want of $1,500 or less in rent, but a homeless shelter costs the state $35,000 per person a year. That cost and the trauma to families are too great, he said. HomeStart was able to prevent eviction of 459 families last year with financial assistance of $700 or less per household. 95% percent are still in housing one year later. But there were 1,100 families that HomeStart couldn’t help for lack of funds, he added. 

The Fall Gala raised more than $100,000, which was topped off with $50,000 from one anonymous donor and $35,000 from another, for a grand total of more than $185,000, all of which will be used to assist families, Pritchard said. 

Trinity Development and Management was a major sponsor of the event, and Trinity Financial’s principle Jim Keefe was extremely proud of the management company’s CEO. “We knew we had a star when we hired her as CEO for the management company,” Keefe said, “and we are pleased to know how much she is appreciated by HomeStart and the wider homelessness prevention community.”

MORE FROM Owners Developers & Managers

Mount Vernon Co. acquires John Carver Inn & Spa in Plymouth, MA

Plymouth, MA The Mount Vernon Company (MVC), a Boston-based real estate and hospitality investment firm, has completed the acquisition of the John Carver Inn & Spa, an 80-room property.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Selecting the right façade installation firm - by Steven Powell

Selecting the right façade installation firm - by Steven Powell

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact
IREM President’s Message: Fostering community connections during the holiday season

IREM President’s Message: Fostering community connections during the holiday season

The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.