Affordable Housing Connections Inc

“The executive committee has the authority to act on behalf of the governing body.”

“Accountant prepares form 990 based on information provided by organization, including financial data from quickbooks, which is provided by the chief operating officer (coo). Executive director reviews draft form 990 and discusses any reporting issues with coo and accountant. After any resolution of reporting issues, form 990 is submitted to the treasurer and subsequently, following review, to the board of directors for review, discussion, and approval. Resolution documenting authorization to submit form 990 is retained as part of the board minutes.”

“Each board member is asked to sign a conflict of interest statement annually. If a conflict of interest is disclosed, the executive director reports it to the executive committee of the board of directors for review and consideration. If a member of the executive committee of the board discloses a conflict of interest, the executive director reports it to the board of directors for review and consideration.”

“Compensation for the executive director is determined by annual review and approval by the ahc executive committee of the board acting as compensation committee. The ahc executive committee evaluates executive director performance against strategic plan goals and recommends compensation changes. Job description, goals, and performance standards have not changed. Performance evaluation criteria will be assessed during the strategic planning process in 2024 and updated as necessary. All documentation is written and retained in the personnel file of the executive director. Board actions, including documentation of comparative studies related to similar positons, will be prepared and evaluated in 2024. This will be used as a basis for setting executive director compensation in 2025. The only increase in the executive director compensation in 2024 was for cola and 401(k) employer match. Executive director compensation is approved by the full board as part of the annual work plan and budget.”

“The governing documents, conflict of interest policy, and financial statements of the organization are made available to the public upon request.”

“We deliver monitoring and consulting services to governmental organizations, property owners and managers; and education to individuals who aspire to leadership in the affordable housing industry. Our aim is to protect the investment of private equity and tax dollars and to ensure continued quality affordable rental housing.”

“Compliance monitoring: ahc provides due diligence reports for: 1.local allocators of 4% revenue bonds for low income housing tax credits and 9% lihtc credits: minneapolis-saint paul housing finance board, saint cloud hra, city of rochester, and washington county cda 2.home program participating jurisdictions (pj): cities of minneapolis and saint paul, hennepin county and st. Louis county consortia, ramsey county, washington county and city of woodbury. 3.neighborhood stabilization program (nsp): cities of minneapolis and saint paul 4.inclusionary zoning projects: city of edina and minneapolis 5.cdbg and esg programs: city of saint paul and ramsey county 6.affordable housing program (ahp): federal deposit insurance corporation (fdic) 7.sponsor-initiated affordable housing program: fnma 8.sec. 42 lihtc tenant move-in files: kandiyohi county hra 9.housing assistance services to management companies- training and file reviews to support lihtc compliance with mn housibng lihtc projects and local government non-governmental projects with affordable rental units work includes such activities as review of owner's annual compliance reports, randomly selected tenant files and physical inspection of the property, common area and selected unit interiors. Ahc compliance workload included 498 projects totaling 39,499 units during calendar year 2024. Workload is centered in the twin cities metro area, but also includes projects located in greater minnesota.”

“Education and leadership: through its subsidiary education and leadership center, llc, ahc conducts numerous training sessions to educate property managers, site managers, compliance officers, and owners of income or rent-restricted housing projects. Education is delivered in person or live-zoom in the form of tested certification courses or technical continuing education classes. Training focuses on program compliance related to hud and irs regulations, policies, and procedures. Ahc conducted 14 training sessions with total attendance by 303 individuals. Training was to inform the owners/managers of affordable housing projects with sec. 42 lihtc 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 documention. Ahc conducted 4 sessions reaching 120 individuals in the 7-county twin cities metro area to educate community members and property owners/managers about federal. State. And local fair housing requirements. Sessions were conducted in- person and by zoom. Ahc developed a training manual and educational course for the city of minneapolis inclusionary zoning program. Training will be delivered to project owners and managers in 2025. In collaboration with hamline university (center for public administration and leadership), ahc through its elc conducted a two course, 8-credit graduate school leadership in affordable housing certificate program that matriculated 19 students in course 1, 14 students in course 2 and graduated 14 students who completed both course 1 and course 2 in 2024. The elc also administered funds from donations and board-designated operating funds and awarded financial aid to students who met the requirements.”