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

Bob is the founder and president of Stevens & Associates, P.C., and principal for M&S Development. Bob has over 30 years of experience as a professional engineer designing projects, as well as planning, urban design, public bond campaigns, and project finance and development. S&A is a veteran-owned business located in downtown Brattleboro, Vermont offering architecture, landscape architecture, civil and structural engineering services.

As a principal for M&S Development, Bob directs a team of professionals to organize and guide business leaders, institutions, and people to redevelop and revitalize main streets and downtowns. His knowledge of new markets tax credits, historic tax credits, grants, equity and debt enable him to identify project needs and develop sound solutions.

Bob is an accredited professional in both Leadership in Energy and Environmental Design (LEED) and Congress for New Urbanism (CNU). Well-versed in sustainable design, traditional design and historic preservation, Bob has presented at numerous conferences including Traditional Building, Vermont Development Conference and Historic preservation conferences. His work and community support has been recognized with numerous awards including the Vermont Downtown Volunteer of the Year and the Southern Vermont Leadership Award for Economic Excellence.

Skye H. 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.