James N. Dancy with his wife open housing cooperatives for families of modest income primarily in the Midwest and Eastern parts of the country including several large HUD Distressed, Foreclosed and/or Secretary Held multifamily projects in Ohio, Pennsylvania, New Jersey, New York, Connecticut, Rhode Island and Mass.
The hands-on supervision of his related corporate housing stock has annually exceeded 3500 units including: cooperative, elderly and other affordable rental housing. Some distressed, inner-city projects have had various interesting and challenging problems. , Jim Dancy has negotiated restructuring of HUD, Secretary held Mortgages; arranged and conducted Membership Workshops; and, supervised the management the management of numerous co-ops for more than forty years without recording one late mortgage payment. HUD Mortgages and all other corporate financial obligations have been satisfied. In most cases, the physical property was restored or maintained in good condition; and, the co-op accumulated cash reserves.
Jim Dancy has served as a senior Trainer for the National Association of Housing Cooperatives (NAHC) for a host of Co-op Conversion and Training Workshops under contract with HUD and the Community Cooperative Development Foundation (CCDF). Jim has also served as senior co-op Training Officer for CCH/TCI, conducting workshops and other training activities for Boards of Directors and Memberships of Cooperatives organized and/or managed by TechniCo-op, Inc. and other associates. Jim and his wife of more than sixty years, (the former Barbara L. Banks, KC, MO), both qualified for and received Connecticut Real Estate Broker Licenses in 1972. He is a Connecticut Licensed Contractor; and, has been designated a qualified Minority Business Enterprise (MBE) since 1999.
Mr. Dancy has an extraordinary record of securing grants, or arranging Tax Exempt Bond Financing, Low Income Housing Tax Credits (LIHTC), and other forms of low interest rate loans for property acquisitions and rehabilitations on behalf of church groups and other nonprofits. He has also been more than moderately successful in locating grants and/or low interest or interest free loans for resident training, education and social services for qualified properties. Mr. Dancy has been President of TechniCo-op, based in Bridgeport since 1980. He is also President and Executive Director of the 501©(3) non-profit housing group, Community Cooperative Development Foundation of Ohio; Vice-President of Cooperative Housing Association of New England (CHANE), President of Homeowners Acting Together (HAT); CEO of Jobs Build America; and, a Member of the Board and Executive Director of the Center for Cooperative Housing, Jim has been active in civic and community affairs. He is a former member of the Board of Directors of the Bridgeport Regional Business Council (BRBC). He served on the Charter Revision Commission for the City of Bridgeport. He is a former member of the Board and Past President of the Bridgeport Area Council of Churches. He has served as a Deacon in the East End Baptist Tabernacle Church of Bridgeport for over forty years. He has served on the Boards of Directors of the Ralphola Taylor YMCA Youth Center; the Interfaith Community Food Bank; and as Chair of the Political Action Committee and coordinator of special events for the Greater Bridgeport Area Chapter of the NAACP. He helped organize and served as Chair of the African American Family Forum (AAFF) in Bridgeport. Jim Dancy has served with or has supported numerous other social and civic organizations in each community in which the Dancy Family has lived.
