Homestead Affordable Housing, Inc
|Homestead Affordable Housing, Inc|
|Areas of Expertise & Interest|
|Permanent Supportive Housing|
|Years of Experience|
|# of Projects Developed|
|# of Units Developed|
|Financial Expertise and Interest|
|Homestead Affordable Housing, Inc is a 501 (c) 3 non-profit developer that is a certified Community Housing Development Organization (CHDO). We partners with local communities to plan, build/develop, and manage affordable senior housing and workforce housing.
Our developments utilize IRB financing with local communities. We build high quality affordable housing that we ensure is affordable in the community in perpetuity.
As a non-profit we have a larger percentage of the development budget going into the brick and mortar hard costs with less going to support the profits of a commercial for profit developer.
Homestead Affordable Housing, Inc. - Corporate Resume 2021
603 Pennsylvania Ave, Holton, KS 66436 Phone 785-364-0110 Email [email protected]
Purpose and History - Homestead Affordable Housing, Inc. (HAH) was formed in September 1998 as a 501 (c) 3 non-profit and was certified as a Kansas Community Housing Development Organization (CHDO) in September 1999 with the purpose of;
Development Achievements - HAH has effectively developed a variety of multi-family and single family homes and housing programs, in partnership with rural Kansas cities. Each development and housing activity is designed to serve the housing needs of these cities specifically with the commitment to affordability in perpetuity.
HAH Developed & Managed
Atchison Senior Residences LP 36
HAH Developed, Owned & Managed
Homestead Senior Residences Harper 30
Total Development Cost $58,007,350 526 units
Asset and Property Management – All properties developed by HAH are managed professionally through a HAH subsidiary, Homestead Community Development, Inc. (HCD) The HAH Director of Property Management is responsible for the hiring and supervision of all site staff and all compliance and asset management functions. Each entity receives annual audits and compliance reports are filed with the supervising Kansas state agency, Kansas Housing Resources Corporation, Inc. (KHRC), USDA Rural Development (USDA RD) and investor members.
Fiscal Management – Accounting for HAH and the LIHTC entities is performed by HAH staff under the supervision of the HAH Finance Manager. HAH and each of the LIHTC entities receive annual audits. The finance operations has a relationship with the Kansas firm, Berberich Trahan & Co., P.A. (www.btandcocpa.com), who produces compiled fiscal statements, for submissions to the audit firm of Comer Nowling, Allisonville Road, Suite 120, Indianapolis, IN 46250 (www.comernowling.com)
Leadership – Operating under a CHDO Board of Directors, HAH is led by Thomas (Tom) Bishop, President/CEO, who has been developing affordable housing in Kansas since 1986 and has served HAH since its founding in 1998. Finance Manager is Ms. Marsha Motto