Mike and his beautiful wife Diane stayed with us just for a few days towards the end of July 2013. Great people to hang out with. While staying they came down to the beach to hang with our small group of sunset seekers. They got down to the beach right after our small group had just took a vote to include Mike on the celebrity pages for the Bungalows. The consensus was all yes they also got to capture one of the most fantastic sunsets of the season. They mentioned that they loved staying at the Bungalows and that they would be back! Awesome folks that we would love to have as residents of San Pancho!
Mike Posko, CEO of Habitat for Humanity of the Chesapeake, stands on the site of a Habitat for Humanity development which will be built in the Orchard Ridge community in northeast Baltimore.
“Our Habitat Chesapeake board and staff are incredibly excited about partnering with the World Champion Baltimore Ravens,” Habitat for Humanity of the Chesapeake CEO Mike Posko added. “Our focus and efforts for this project are to continue the revitalization of a neighborhood within the shadows of M&T Bank Stadium.
In addition to funding, the Ravens’ staff, players and coaches, as well as key Ravens business partners, will take part in two separate on-site building days.
The Baltimore-based Habitat employs 54 and has an annual operating budget of about $15 million. Officials there expect to complete 49 homes in the fiscal year that ends in June.
Posko comes from the world of business and government. After overseeing facilities and human resources at the Federal Reserve Bank of Richmond’s Baltimore office, he worked for eight years as an executive at urban development firm Struever Bros., Eccles & Rouse. In 2010, he helped launch real estate venture Cross Street Partners with other Struever alumni after Struever Bros. imploded during the recession.
What was the volunteer trip to Nepal like?
We built a home for a family in an area called Pokhara, and that’s kind of near the foot of the Himalayas. … The family we built the home for was a family of four, a mother and father and two children, and when I say “home,” it’s not the home you might imagine. … Two rooms, 10 by 10 foot. And then there was what they call their bathroom, which was a hole in the floor that goes into a pit.
They were incredibly excited to have that home. It’s a completely different lifestyle than we’re used to. So you kind of get to know the culture a little bit.
How did you hear about the Habitat job opening? Did you reach out initially?
I actually got a number of phone calls from people who knew I had been talking about getting into the nonprofit arena.
Why did you decide this was the right time? You helped found Cross Street Partners — how is it doing? And why did you decide to leave?
One of the reasons I decided to start Cross Street Partners with Bill [Struever] and the three other partners was two years ago was an incredibly bad job market, especially for someone at a C level [the “chief” level of the executive ranks] like myself.
I, at that time, told them I would do it, but that ultimately I would be trying to change careers because of my passion in doing something with the nonprofits. … Cross Street is on its feet, it’s had a great deal of growth just in the first year, so it was easy for me just to step away at that point.
I love the [Habitat] mission. We don’t give away a house. We partner with the family. That family has to [put] 300 hours of “sweat equity” volunteer work back into the organization.
Posko is a 50 year resident of Anne Arundel County and has spent his entire career in the greater Baltimore area, with 17 years at the Federal Reserve Bank of Baltimore and the past 10 years in executive leadership positions serving the real estate construction industry with Struever Brothers, Eccles and Rouse, and Cross Street Partners, according to the announcement.
“I am incredibly excited about working for Habitat for Humanity of the Chesapeake and helping the organization to continue to grow and serve more families. I am passionate about the affiliate’s history of helping deserving families earn an interest-free mortgage to begin a new life for now and future generations to come,” Posko said in the announcement.
“The opportunity to work with so many devoted people, including board members, employees, partner families, business partners, youth and faith partners, advocates and the many other volunteers who give so generously of their time and financial support is exhilarating. I look forward to meeting our partners—new and old—as we continue this journey together.”