The Team

 

Bob Stevens, PE, LEED AP, CNU
President, Principal

Bob is a co-founder of M&S Development, and founder of Stevens & Associates, P.C., a design and development firm specializing in historic and architecturally significant projects. With over 30 years of experience working on affordable housing, historic mixed-use downtown development, and complex feasibility consulting, and with multiple professional affiliations, Bob has established deep connections with many communities, and with state and national funders, investors, regulators, and policy makers in the region. Bob has been instrumental in deal structuring, loan sourcing and capital raising for over $110 million in NMTC projects since 2011. His work and community support have been recognized with numerous awards including the Vermont Downtown Volunteer of the Year and the Southern Vermont Leadership Award for Economic Excellence.

 

 

Skye Morse
Vice President, Principal

Skye is Vice President and Principal at M&S Development, in which capacity he leads all project development, deal structuring, and capital markets activity for the organization. He brings over 18 years of experience in financial management, risk analysis, business development, project management and knowledge of risk underwriting, large scale asset management, all aspects of project and construction management, tax equity funding and due diligence. He previously managed a $1 billion portfolio of solar energy assets and oversaw more than $700 million in new solar construction.

 

 

Al Claussen
Director of Asset Management

Al Claussen’s 30-year career has spanned retail and category sales management, buying, project management, and now, asset management. It is in Al’s DNA to help others succeed, and he views his work as part of a larger role as a “servant-leader.” His community service includes multiple school and hospital boards as well as the Finance Council for his local Catholic parish. Al graduated from the University of Maine with a B.S. in business and received his MBA, summa cum laude, from Norwich University in 2007. In April 2022, Al ran in the Boston Marathon.

 

 

Martha Ratcliffe
Senior Manager of Project Development

Martha brings nearly 30 years’ experience in financial analysis, risk underwriting, capital raising and deployment, and project management with affordable housing, mixed-use, light industrial, and health care projects. Martha leads projects from feasibility studies, budget development, the complexities of funding with LIHTC, HTC, HUD and USDA RD, private, local and state funding procurement and closings, through construction management and grant compliance. She has helped create 120 affordable housing units and nearly a dozen single family ownership units through the HARP program. Previously, she was responsible for risk underwriting, including navigating the complexities of investor (Fannie Mae, Freddie Mac, FHA, and non-government investor) guidelines and regulations.

 

 

Dan Ridlehoover
Manager of Project Development

A desire to tackle complex housing projects and improve rural economies led Dan to join the M&S Development Team in August 2021. He holds a BA from University of California, Santa Cruz, and seven years experience in corporate retail project management; sourcing, developing, and operating retail stores on a national level. Other experience includes retail operations manager for Newell Brands’ technical apparel division, and the facilities manager for the Brattleboro Co-op. Dan is also a volunteer for the Dummerston Fire Department.

 

 

Kelsey Ward
Project Coordinator

An expert in managing many details across multiple areas, Kelsey applies her background in commercial and residential leasing as tenant liaison. She manages project scheduling, as well contractor/sub-consultant contracts and agreements. She also possesses additional experience in real estate sales, community outreach, new construction, planning, marketing, and property management. Certified Occupancy Specialist (COS), National Center for Housing Management.

 

 

Ann Dillon
Chief Financial Officer

Ann is the CFO for M&S Development and Stevens & Associates.  She brings over 25 years of finance experience including project management, financial reporting and public accounting to this position. In this role, Ann manages each company’s accounting, tax management, financial planning, analysis and reporting. In addition to her career in finance, Ann is active within her community by serving several neighborhood and regional organizations.

 

 

Deb Moser
Accountant

Deb is an accountant for M&S Development and Stevens & Associates. She has over 30 years of management experience in finance, and has held various positions including Risk Manager, Controller, Business Analyst, and Project Manager. She worked for several years in the investment banking/financial services industry, where she honed her financial skills and applied them to address financial statement preparation, reporting and forecasting; operational risk mitigation; and internal control improvements. As part of the M&S team, she is responsible for the bookkeeping, the preparation of financial statements and reporting packages, and the loan and tax credit compliance related to real estate development projects.