The AHEPAN - Summer 2014 - (Page 22)

HOUSING ANHC directors and staff personnel with Supreme President Kouzounis. AHEPA National Housing Corp. Holds Annual Meeting The annual meeting of the AHEPA National Housing Corp. (ANHC) was held at the headquarters in Fishers, Ind., on April 23-26, 2014. Various committees met early and the full Directors' meetings were held April 25 and 26. The Executive Committee met April 23 with five officers, seven committee members and staff personnel present. AHEPA Management Co. (AMC) President and CEO Arthur Poly presented his review of the management company's operations. He covered the development group's work to acquire properties, including Tallmadge, Ohio, Mobile, Ala. and most recent Knoxville, Tenn. The Service Coordination 22 | THE AHEPAN ยท Summer 2014 Department has 24 non-AHEPA Quality Assurance contracts and a full-time coordinator for a private 202 property. He noted that a for-profit Hellenic Management Co. has been formed to allow business with profit companies. The PR/Marketing efforts are helping. AMC also has a presence in D.C. AMC is prepared for the Affordable Care Act's implementation, and have added staff personnel. ANHC President Angelo Kostarides discussed uniform bylaws for the owner corporation and new recommended ones will be sent out soon. The 'Right of First Refusal' was discussed for situations if a property would be sold or the 40-year period passed and when ANHC's option to purchase it occurred. It was passed that this would be part of the Sponsorship Agreement for each property. The status of cash advances by AMC to the properties was reviewed and the completion of repayments of MCI was confirmed. Brothers Damaskos, Mitchell and Poly discussed acquisition possibilities and the unaudited budget for AMC for FY 2015 was passed. The Executive Committee adjourned and reconvened briefly on April 25. After a discussion, it was moved and passed that when refinancing with tax credits, after the 15 year period, the local Board would retain full ownership. The full Board of Directors ANHC meeting was held April 25 with all officers and 28 directors and guests and staff personnel present. The meeting

Table of Contents for the Digital Edition of The AHEPAN - Summer 2014

President's Message
AHEPA Family News
The Patriarchate of Jerusalem and Its Key Role in Peace and Unity Talks
AHEPA Family Holds Successful Annual Excursion to Greece
Honoring America's Fallen Heroes
Civic Responsibility
AHEPA Family Chapter News
Best PRactices
In Memoriam

The AHEPAN - Summer 2014