The Community Builders Names Bart Mitchell President and CEO

BOSTON, MA - January 3, 2012: The Community Builders, Inc. (TCB), appointed Bart Mitchell as its new president and CEO on Jan. 1. Mitchell, who previously served as chief operating officer, is now chief executive for the country's largest nonprofit developer of urban mixed-income housing. TCB has developed 25,000 units of affordable and mixed-income housing at 320 properties in 15 states, including over 6,500 units in Boston, where the company was founded.

Mitchell has led a distinguished career in community development that began as an economic development and housing advisor to the mayor of Boston in the 1980s. He first joined TCB in 1989 as director of finance and went on to hold several senior-level development positions inside and outside of the company, before founding Mitchell Properties LLC in 2000. Mitchell returned to TCB in July 2010 as chief operating officer.

"Bart is an experienced executive with a passionate commitment to building and sustaining strong communities," said Philip L. Clay, chairman of the TCB board of directors. "He has the vision and expertise to advance TCB's mission and position the company for successful growth."

Mitchell leads an organization with an award-winning track record in the Midwest, mid-Atlantic and Northeast United States, ranging from the $215 million Oakwood Shores revitalization on Chicago's South Side, to Morgan Woods, an innovative development that doubled the affordable housing stock on Martha's Vineyard Island in Massachusetts. TCB's breakthrough resident education and job training programs have placed thousands of residents in new jobs and returned $16.7 million to local communities through annual earned income tax credit and asset building campaigns.

"The Community Builders has been an innovator in mixed-income housing for nearly 50 years," said Mitchell. "I am excited and honored to lead our talented employees and dedicated residents into the future. Working together with our partners, we will continue to develop housing solutions that sustain communities."

With a Master of Public Policy degree from Harvard University's Kennedy School of Government with a concentration in finance and urban development policy, Mitchell also holds Bachelor of Arts degree from Williams College with Highest Honors in Political Economy. He is a member of the Boston Air Pollution Control Commission and serves on the board of trustees of The Winsor School in Boston.

Mitchell replaced Pat Clancy, who retired in Dec. 2011 after 36 years with the company.