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Your premier affordable housing compliance agency since 1989.

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Presentation on theme: "Your premier affordable housing compliance agency since 1989."— Presentation transcript:

1 Your premier affordable housing compliance agency since 1989

2 We deliver monitoring, training and technical assistance to property owners and managers to protect the investment of private equity and tax dollars and to ensure continued quality affordable rental housing. We deliver monitoring, training and technical assistance to property owners and managers to protect the investment of private equity and tax dollars and to ensure continued quality affordable rental housing. Mission

3 Your premier affordable housing compliance agency since 1989 199 5 1989-2015 AHC & Partners Equity Contributor Training Technical Assistance Compliance Monitoring  Title II 4c and 4d  Sec. 42 LIHTC  FDIC Affordable Housing Program  HOME  NSP Our Work Together, Building Connections

4 AHC: The Early Years 1989: Multi-Mac (AHC) created as 501c3 service program to “fill gaps in the delivery of affordable multifamily rental housing” 1990: Pioneered MN MBA-FNMA Multifamily Credit Enhancement Initiative: 1st in the U.S. 1991: Contributed $162,000 equity grant to first Sec. 42 FNMA affordable rental projects: – SPAH (Saint Paul Affordable Housing): TCHDC-150 units – Cimarron Ridge (Rosemount): Gramercy Corp.-36 units 1989-2015

5 Your premier affordable housing compliance agency since 1989 199 5 1992 First HTC Contracts – Duluth: 5 projects 107 units – Minneapolis: 21 projects 1,915 units – Rochester: 2 projects 126 units – Saint Cloud: 3 projects 90 units – Saint Paul: 16 projects 408 units MN Revenue Dept approval to monitor Title II 4c and 4d property tax classification: 20 project

6 Your premier affordable housing compliance agency since 1989 199 5 1993-1994 First HTC training First Title II training

7 Your premier affordable housing compliance agency since 1989 199 5 Contract with FDIC for AHP (Affordable Housing Disposition Program) compliance monitoring – 19 projects 760 units

8 Your premier affordable housing compliance agency since 1989 199 5 HUD TA Grant through MHP: – Design HOME Program compliance self-monitoring system for PJ use HUD CDBG Grant through MHP: – Conduct workshops on “Accessing Mortgage Capital” (collaboration with Minnesota Affordable Homes Congress) 1996

9 Your premier affordable housing compliance agency since 1989 199 5 New HTC contracts: – Dakota County CDA – Washington County HRA 6 PJs field-tested HOME Program self-monitoring system (Rental, Homeownership, TBRA) New Title II monitoring contract with MHFA 1998

10 Your premier affordable housing compliance agency since 1989 199 5 Developed ACCESS management tool for HTC Brought compliance monitoring conformance among Suballocators with MN Housing manuals and report forms Conducted Needs Assessment for HTC training 1999

11 Your premier affordable housing compliance agency since 1989 199 5 All day HTC compliance tax credit training – First done jointly with MN Housing 300 people attended 2000

12 2001-2010 AHC: The Middle Years Multi-Mac became Affordable Housing Connections Strategic Focus on: – Program Compliance, Monitoring and Training Internal organizational development Contract consultants became FT Staff

13 Your premier affordable housing compliance agency since 1989 199 5 First AHC Strategic Plan – Disengage from MN MBA – Name change from Multi-Mac to AHC New Davis Bacon Technical Assistance – Washington County HRA – Scott County HRA – Private Owners 2001

14 Your premier affordable housing compliance agency since 1989 199 5 Moved from Multi-Mac independent contractors to AHC staff Contract with MHP for HOME Program training in multiple locations Conducted joint “Advanced” HTC training with MHFA 2003-2004

15 Your premier affordable housing compliance agency since 1989 199 5 Provided technical assistance to City of Saint Paul for rental HOME program- HUD contract through MHP Focus on HTC “waiver reviews” First website 2005

16 Your premier affordable housing compliance agency since 1989 199 5 Training Programs Expanded – First Multiple Funding Training - PPL: HTC, Sec. 8, MHOP, HOME – First Working Together Seminar (sponsored by MN MHA) with MN NAHRO and Angie Nielsen (DCCDA) – First Training on new IRS 8823 Guide for HTC – First HTC Acquisition-Rehab Training 2006-2008

17 Your premier affordable housing compliance agency since 1989 199 5 First multiple year HOME Program monitoring contract: City of Saint Paul – 21 rental projects – 1,022 units 2007

18 Your premier affordable housing compliance agency since 1989 199 5 First Full AHC Training Curriculum: – HTC Basics – Preparing Annual Compliance Report (ERP) – Preparing for Site Visit – Qualifying the HTC Household – Advanced HTC Seminar – HTC “Update” 2009

19 Your premier affordable housing compliance agency since 1989 199 5 New TCAP/1602 Exchange Monitoring: – MN Housing 32 projects 2,160 units – MCPED 4 projects 167 units – Saint Paul 3 projects 197 units New NW Multi-County Consortium HOME Program Monitoring (for St. Louis County) – 10 projects 96 units New Training Session added to AHC Curriculum – HTC and Multiple Funding Sources 2010

20 Your premier affordable housing compliance agency since 1989 199 5 First Fair Housing Trainings (contract by FHIC) New OneCPED Contract through MHP – NSP HOME training webinar for Hawaii 2011-2012

21 Your premier affordable housing compliance agency since 1989 199 5 Board focus: Strategic Growth Initiatives – Do more for current clients (multiple program compliance monitoring) – Support capacity-building in complex program compliance training – Model the changing industry “face” (Board and Staff) – Improve technology tools (going paperless) 2011-2015

22 Your premier affordable housing compliance agency since 1989 199 5 New Minneapolis HOME Program Monitoring – 69 projects 3097 units New Dakota County CDA and Dakota County Consortium HOME Program Monitoring – 46 projects 1,346 units 2012

23 Your premier affordable housing compliance agency since 1989 199 5 New Saint Paul NSP Program Monitoring – 28 projects 66 units Fair Housing Training added to AHC Curriculum Two new OneCPD contracts through MHP: – Technical assistance to MN Housing HOME Program owner – Technical assistance to HUD HOME Program Office and ICF on edits to “Using HOME with HTC” training guide 2013

24 Your premier affordable housing compliance agency since 1989 199 5 New Hennepin County Monitoring – HOME 59 projects 1,730 units – NSP 1 project 70 units 2014

25 Your premier affordable housing compliance agency since 1989 199 5 New HTC compliance report: replace ERP with CHART New AHC logo and website Affordable Housing Certification Board initiative Phase I: – Minnesota Owner-Management Company Needs Assessment – Survey of Existing National Training Certification Programs – Cost-Benefit Analysis 2015

26 Your premier affordable housing compliance agency since 1989 199 5 New Minneapolis NSP Monitoring 8 projects 139 units 2015

27 Implement new CHART for HTC compliance Consolidate HERA demographic reporting for Suballocators directly to HUD Affordable Housing Compliance Certification: Phase II: – Focus AHC curriculum and add testing component – Integrate existing housing industry certifications with AHC certification testing component – Develop Minnesota industry certification process 2016 & Beyond

28 476 Projects | 21,609 Units Our Workload in 2016

29 Your premier affordable housing compliance agency since 1989 199 5 Minneapolis: HTC, HOME, NSP Saint Paul: HTC, HOME, NSP Hennepin County: HOME, NSP NW Multi-County Consortium: HOME Dakota County CDA and Multi-county Consortium: HOME Rochester: HTC St. Cloud: HTC Washington County: HTC FDIC: AHP 2016 AHC: What’s Next

30 Your premier affordable housing compliance agency since 1989


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