Organizations Filed Purposes:
DEVELOP AND PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS OR FAMILIES
THROUGH AWARDS FROM THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP) THE AGENCY CONSTRUCTED/PURCHASED 82 UNITS TO BE RENTED TO LOW INCOME PERSONS OR FAMILIES. THE AGENCY IS THE OWNER/MANAGER OF THESE UNITS. TO QUALIFY TO LIVE IN THESE DEVELOPMENTS, THE PERSON/FAMILY INCOME MUST BE BELOW 50% OF THE AREA MEDIAN INCOME; RENT IS BASED ON THE INCOME OF THE TENANT. DURING THE TAX YEAR, ADDITIONAL LAND WAS PURCHASED TO EXPAND AND FURTHER AFFORDABLE HOUSING.
THE AGENCY IS THE MANAGING GENERAL PARTNER IN TWO MIXED FINANCE PARTNERSHIPS; 1% OWNERSHIP IN EACH. THE DEVELOPMENTS, PLACED IN SERVICE IN 2014, CONSISTS OF 212 UNITS OF ACC PUBLIC HOUSING AND CONTRACT BASED SECTION 8 UNITS FOR LOW INCOME PERSONS/FAMILIES. THE DEVELOPMENTS ARE EAST POINTE PLACE AND THE LANDINGS AT EAST POINT. EXCESS CASH, PER THE PARTNERSHIP AGREEMENTS, IS DISTRIBUTED TO THE AGENCY ANNUALLY. THESE FUNDS ARE USED TO CONTINUE THE MISSION OF DEVELOPING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES/PERSONS. THE AGENCY IS CURRENTLY WORKING TO DEVELOP 3 ADDITIONAL MIXED FINANCED PROPERTIES. 1. FACILITY FOR LOW INCOME PERSONS. 2. THE AGENCY IS SEEKING TAX CREDITS TO BUILD PHASE II OF EAST POINTE PLACE, HORIZONS, AND ROYAL PALM PLACE.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Marcia Davis | VICE PRESIDE | 5 | $0 |
| Richard Fain | DIRECTOR | 1 | $0 |
| Meg Geltner | DIRECTOR | 1 | $0 |
| Joseph D'Alessandro | DIRECTOR | 1 | $0 |
| Israel Suarez | DIRECTOR | 1 | $0 |
| Douglas Hogg | TREASURER | 1 | $0 |
| Mattie Young | VICE PRESIDE | 1 | $0 |
| Bruce Strayhorn | PRESIDENT | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202013219349319986_public.xml