Accomplishments

  • Construction and lease up begins on Roosevelt House I & II (2015)
  • Acquisition of Jefferson Properties (2014)
  • Acquisition of Cola Commons and Madison Apartments (2014)
  • Acquisition of Long Run Apartments (2014)
  • Old School Apartments wins PREMA for Best Managed Affordable Housing Community (2014)
  • Hillebrand House finished construction and successfully leased up. (2013)
  • Roosevelt House II undergoes extensive rehab on first floor, including Community Room (2013)
  • Long Run Community Apartments is awarded $900,000 in AHP funds through Federal Home Loan Bank (2013)
  • Sucessfully leased up Russell School Apartments, a Section 202 PRAC, layered with LIHTC, HOME and AHTF
  • Elliott Park Apartments wins Premier Real Estate Award (2012)
  • Hillebrand House is awarded 12.6 million Tax Exempt Bonds
  • Southfork Apartments receives a 100 REAC Score (2012)
  • Acquisition of Adairville Arms and Staggers Manor Apartments (2012)
  • Hillebrand House won PREMA for Best Managed Affordable Housing Community in Louisville from IREM (2011)
  • Elliott Park Place Apartments won Premier Real Estate Management Award (PREMA) from IREM (2011)
  • Franklin School Apartments won Premier Real Estate Management Award (PREMA) from IREM (2011)
  • Salisbury Place Apartments won Premier Real Estate Management Award (PREMA) from IREM (2011)
  • Obtained Community Development Block Grant for an additional elevator at Jackson House (2011)
  • Obtained Emergency Capital Repair Grant for Baptist Towers (2011)
  • Obtained Weatherization Grant for Puritan Apartments, Prince Hall Village Apartments, and Riverside Apartments (2011)
  • Successfully obtained Special Partner Vouchers for a distressed community in Lexington (2010)
  • Founding Member Receives Lifetime Achievement Award from the Institute of Real Estate Management (IREM) (2010)
  • Village Manor Apartments won the Premier Real Estate Management Award (PREMA) from IREM for the Best-Managed Affordable Housing Community (2010)
  • Old School Apartments was the runner up for PREMA‚Äôs Best-Managed Affordable Housing Community Award in Louisville (2010)
  • Acted as consultant for refinance and $300,000 rehab of existing HUD property, W.B. Sanders (2009)
  • Founding Member Inducted into the Kentucky Affordable Housing Hall of Fame (2009)
  • Acquisition of The OverLook at Henry Clay financed under the HUD 223(f) program, Lexington, KY (2009)
  • Acquisition, renovation and successful sale of The Phoenix Lofts in the Highlands, Louisville, KY (2009)
  • Village Manor Apartments won Premier Real Estate Award from IREM (2008)
  • Obtained vehicle grant for a passenger van at Jackson House in Paducah, KY (2008)
  • Acquisition, renovation and successful sale of The Beacon Development, Lexington, KY (2007)
  • Acquisition, renovation and successful lease-up of By the Park Apts, Louisville, KY, 57 units (2005)
  • Administration of $750,000 project improvement plan at The Puritan Apts (2004-2005)
  • Acquisition, renovation and successful sale of The Lofts At Gratz Park, Lexington, KY (2004)
  • Obtained $250,000 grant for elevator modification and upgrades at Hillebrand House (2003)
  • Obtained $1.8 million dollar capital improvement program at The Puritan Apts., construction of elevator (2002)
  • Participated in management team refurbishing St. Francis Apartments (2001-03)
  • Administered $1.6 million capital improvement program at Baptist Towers (1998)
  • Received a $420,000 capital improvement grant, Riverside Apartments (1996)
  • Negotiated, settled, and administered $1.3 million dollar project due to tornado damage at Roosevelt House I and II (2001)
  • Administered $600,000 capital improvement grant for Prince Hall Garden II (1997)
  • Administered $290,000 capital improvement grant for Prince Hall Garden I (1997)
  • Obtained $1.6 million dollar flexible subsidy loan for the modernization of Prince Hall Village (1992)
  • Participated as co-developer in the construction of Madison Apartments, Winrose Apartments, Crums Lane Apartments, and Elliott Park Apartments
  • Participated as management liaison/consultant in the construction/renovation of over 1000 units of low income housing tax credit units
  • Successfully marketed and leased-up within specified timeframes LIHTC projects as indicated in the Portfolio and Experience Summary

Diversification Of Portfolio

  • Successful in the management of housing specifically designed and developed for the elderly (age 62 and over), disabled and handicapped
  • Successful in the management of transitional housing with program services for recovery from drug and alcohol addiction
  • Successful in the management and lease up of communities with homeless set-asides as defined by the McKinney Act
  • Successful in the management of mixed-use properties

Diversification of Financing Programs

  • Section 236 of the Housing Act with Section 8 Loan Management Set-Aside
  • Section 202 of the National Housing Act with Section 8 Housing Assistance Payments Contract
  • Section 221(d)3 and Section 221(d)4 insured loans
  • Kentucky Housing Corporation Administered LIHTC Program
  • Indiana Housing Finance Agency HUD Program
  • HOME Funds
  • HOPE VI Funds
  • Bond Issue Dollars

Established Relationships

  • Fifth Third Bank and CDC
  • American Founders Bank
  • Stock Yards Bank
  • CAHEC
  • Centerline Capital
  • BB&T
  • PNC Bank
  • The Richman Group
  • Citizens Union Bank

Local Agency Relationships

  • Federal Department of Housing and Urban Development
  • City Department of Housing and Urban Development
  • Kentucky Housing Corporation
  • The Phares Company Inc.

Industry Partners

  • The Housing Partnership, Inc.
  • Richardson, Pennington, and Skinner, Certified Public Accountants
  • Miller, Mayer, and Sullivan, Certified Public Accountants
  • Mann, Sutton, and McGee Insurance Agency
  • The Allgeier Company, Commercial Real Estate Appraisers
  • Louis and Henry, Archeticural Design

References

  • Mr. David Williams, Louisville, KY
  • Mr. Rex Slechter, Louisville, KY
  • Mr. Paul Routon, Louisville, KY
  • Mr. Bob French, Pekin, IN
  • Mr. Larry Leis, Louisville, KY
  • Mr. Jay Davidson, Louisville, KY
  • Mr. Porter Peeples, Lexington, KY
  • Mr. Don Ball, Lexington, KY
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