Affordable Housing Connections

Saint Paul, MN   |  WWW.AHCINC.NET

Mission

A RESOURCE TO ORGANIZATIONS WITHIN THE HOUSING INDUSTRY WHOSE MISSION OR FOCUS IS THE OPERATION, PRESERVATION, AND EXPANSION OF AFFORDABLE HOUSING. THE MISSION IS ACCOMPLISHED THROUGH THREE MAIN ACTIVITIES: COMPLIANCE MONITORING, RELATED TRAINING, AND CONSULTING.

Ruling year info

1991

Principal Officer

LYN BURTON

Main address

400 Selby Ave Ste B

Saint Paul, MN 55102

EIN

41-1680329

NTEE code info

Other Housing, Shelter N.E.C. (L99)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

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Program 1

COMPLIANCE MONITORING: AHC PROVIDES DUE DILIGENCE REPORTS TO LOCAL ALLOCATORS OF SEC. 42 HOUSING TAX CREDITS, TO THE CITIES OF MINNEAPOLIS-SAINT PAUL, AND HENNEPIN COUNTY, DAKOTA COUNTY AND ST. LOUIS COUNTY CONSORTIA AS HOME PROGRAM PARTICIPATING JURISDICTIONS (PJ), TO THE CITY OF SAINT PAUL FOR THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP) AND, TO THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) FOR THE AFFORDABLE HOUSING PROGRAM (AHP). REPORTS ARE BASED ON REVIEW OF OWNER'S ANNUAL COMPLIANCE REPORTS, RANDOMLY-SELECTED TENANT FILES AND PHYSICAL INSPECTION OF THE PROPERTY, COMMON AREAS AND SELECTED UNIT INTERIORS. AHC COMPLIANCE WORKLOAD INCLUDED 442 PROJECTS TOTALING 29,805 UNITS DURING CALENDAR YEAR 2020. WORKLOAD IS CENTERED IN THE TWIN CITIES METRO AREA BUT ALSO INCLUDES PROJECTS IN GREATER MINNESOTA. COMPLIANCE MONITORING REVIEWS FOCUSED ON OWNER/MANAGING AGENT APPLICATION OF FEDERAL INCOME AND RENT LIMITS AND FEDERAL STANDARDS FOR HOUSEHOLD ELIGIBILITY.

Expenses
$1,060,018
Revenue
$1,438,870

TRAINING: AHC CONDUCTS TRAINING SESSIONS FOR PROPERTY MANAGERS, SITE MANAGERS, COMPLIANCE OFFICERS AND OWNERS OF INCOME OR RENT-RESTRICTED RENTAL HOUSING PROJECTS. TRAINING FOCUSES ON PROGRAM COMPLIANCE RELATED TO HUD AND IRS REGULATIONS, POLICIES, AND PROCEDURES. AHC CONDUCTED 5 CLASSROOM SESSIONS WITH TOTAL ATTENDANCE BY 220 INDIVIDUALS. TRAINING WAS TO INFORM THE OWNERS/MANAGERS OF AFFORDABLE HOUSING PROJECTS WITH SEC. 42 TAX CREDITS AND/OR HOME FUNDING ABOUT THE FEDERAL GOVERNMENT REQUIREMENTS RELATED TO STANDARDS FOR HOUSEHOLD ELIGIBILITY, INCOME AND RENT LIMITS, AND INDUSTRY "BEST PRACTICES" FOR DUE DILIGENCE AND DOCUMENTATION.

Expenses
$125,528
Revenue
$28,246

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Financials

Affordable Housing Connections
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Operations

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This organization has no recorded board members.