Housing Development Center Inc.

“The organization's bylaws were amended and restated, effective 6/28/2021. The organization's articles of incorporation were amended, effective 6/28/2021.”

“Hdc executive or finance committee reviews and approves the 990 prior to its submission to the irs. A copy of the 990 is provided to all board members.”

“Hdc has a written conflict of interest policy, and each board member completes a conflict of interest questionnaire annually. Board member conflicts as they relate to board actions are recorded in meeting minutes.”

“Hdc executive committee reviews and sets the executive director's compensation. No persons with a conflict of interest are involved. The committee incorporates comparable compensation for the corresponding position at similar organizations in the area into its decision making process.”

“Staff salaries are set as part of the annual budget process, which is the responsibility of the finance committee. The committee incorporates comparable compensation for corresponding positions at similar organizations in the area into its decision making process.”

“Hdc makes the organization's governing documents, conflict of interest policy and financial statements available to the public at its offices upon request.”

“Board of director members, hdc advisory board members and hdc finance committee members are volunteers.”

“Housing and facilities development the housing and facilities development program works with mission-driven organizations to finance, build, and renovate affordable housing and community facilities that serve low-income people. Hdc assists with the development of all types of affordable housing, including multifamily rental, homeownership, and mixed-use developments. Hdc also assists with the development of healthcare, childcare, and other specialized service facilities. Hdc's development services span all aspects and phases of project development, from planning and predevelopment through financial structuring and construction management. Hdc provides special expertise in assessing and meeting compliance obligations associated with public and private financing programs designed to support affordable housing and facilities serving low-income communities. In its 28-year history, hdc's housing & facilities development program has worked with roughly 60 mission-driven organizations to manage over 190 development projects in oregon and southwest washington. These projects have resulted in the development or preservation of more than 6,700 completed housing units and nearly 350,000 completed square feet of community facility and commercial space. Together these projects represent over 1 billion in total development costs.”

“Asset management hdc's asset management team guides clients through the challenges of owning and managing affordable housing and community-services facilities over the long term. Hdc provides technical assistance and training to nonprofit organizations, housing authorities and governmental entities in oregon, washington, and elsewhere in the united states. Hdc has helped roughly 80 project owners to preserve and improve the viability of tens of thousands of units of affordable housing, as well as to implement ongoing systems for effective asset management and oversight. Hdc's asset management services include property and portfolio assessments, property and portfolio repositioning, property transfers, year 15 exits, capital needs assessments, reserve analyses, systems development, and staff and board training.”

“Hdc community fund hdc's wholly owned subsidiary, hdc community fund, llc (hdc community fund), was formed in august 2009. A certified community development financial institution (cdfi), hdc community fund provides loans to support the development and preservation of affordable housing and community facilities serving low-income people. Hdc community fund's flexible, low- interest loans address needs that conventional lending programs don't. The loans target early project costs, such as feasibility assessment, land acquisition, and predevelopment, and they bridge short-term gaps in construction financing. Totaling 7.8 million to date, hdc community fund loans have supported the creation or preservation of 1,253 units of affordable housing and 57,085 square feet of service-facility space.”

“Policy and industry support hdc believes in making the affordable housing delivery system more equitable, sustainable, cost-efficient, and responsive to the people who use it. Through hdc's policy and industry support program, hdc supports policy, innovation, and peer learning initiatives to advance these goals. Hdc's policy and industry support work address challenges such as increasing minority contractor participation in affordable housing development, modeling creative strategies to lower affordable housing capital costs, and planning for public resources to sustain existing affordable housing stock.”