The AHEPAN - Winter 2015 - 22

HOUSING

ANHC Executive Committee Holds Quarterly Meeting;
Affordable Assisted Living Facilities Top Agenda
All Articles by George Anagnostos, PSS
discussed two AALF facilities AMC
and property managers were held in
The Executive Committee of the
is working on in Indianapolis and
Indianapolis. The rehabilitation of
AHEPA National Housing Corp. met at
New Albany, Ind. The four percent
Mobile phases I and II were completed.
its headquarters in Fishers, Ind., Oct.
tax credit re-finance for Mobile had
The deadline for the New Orleans
21 and 22, 2015 to discuss timely matthe cost certification completed and
project has passed and therefore the
ters of the corporation (ANHC) and the
the developers' fee should be released
project has lost its funding. Our Quality
AHEPA Management Co. (AMC).
soon.
Assurance contracts have now reached
Four corporation officers and
ANHC Development Director
42. These contracts bring
nine committee members
Demetri Damaskos reported that
in annual revenues and
were present. Chairman
AHEPA 232 I, Indianapolis, received
enhance our reputation in
of the Board Nick Stratis
funding under the ALCP/SEH program
the marketplace. We have 2
was absent. In attendance
to convert 24 units. He reported we
staff personnel qualified to
were: AHEPA Management
have two projects undergoing refinancwrite grant proposals.
Company President/CEO
ing; one proposed acquisition; two posTodd Jensen of the AMC staff distribArthur Poly, and staff members Todd
sibilities for acquisition; we are consuluted a brochure concerning Affordable
Jensen, Tammy Parsons and othtants and then will manage a 50-unit
Assisted Living Facilities (AALF)
ers. ANHC staff member Demetri
apartment building in Indianapolis;
that was prepared by '42 Carding
Damaskos was also present at the
and we are looking into Assisted Living
Development Partners.' AALF comopening session.
and nine percent tax credit financing
bines apartment-style housing with
Poly presented an operational
in Hamilton, Ohio.
personal care and supportive services
report for AMC covering the period
Attorney Matt Carr will reword the
so residents can live independently.
since the last meeting in conjunction
'Right of First Refusal' and have it
It reduces Medicaid expenses and is
with the Supreme Convention in San
ready for signatures. AMC discussed
an alternative to skilled nursing facilFrancisco.
the amounts due to ANHC by a numities. Eight states are known to have
The topic of "Right of First Refusal"
ber of projects which are largely due to
high reimbursement rates. Jensen also
was brought up and discussed in detail
again. A listing of
Local Boards not complying was put forth.
Poly also reported
that work on the
South Carolina apartment buildings was
completed and a marketing campaign was
underway to advertise them. During the
September/October
timeframe, conferences for service Executive Committee members pose before the Brentwood Apartments building 1 in Fort Wayne, Ind. Front row
(l-r): A. Magrames, D. Kiriazides, S. Photiades, T. Mitchell, C. Karthan, sec; N. Kallan, tr; J. Karthan. Back row: C.
coordinators, mainte- Mackenzie, A. Poly, AMC pres.; A. Kostarides, ANHC pres.; G. Anagnostos, G. Nardone, ANHC v.p.; C. Hollister, and
nance staff personnel, J. Miller.
22

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