Housing and Community Services

To support the organization mission, the organization provided administrative support for the non-profit and for-profit ownership of 4,727 units of low-income Housing, provided and supervised social Services and resident activities, and engaged in fundraising activities for Housing acquisition and rehabilitation and social Services and resident activities.the organization has a volunteer board of directors comprised of Community and resident participants. The full board meets regularly to provide guidance and oversight in furtherance of the organization mission.the organization continued to directly own and operate renaissance village apartments, a low-income Housing apartment complex. The organization also continued to provide oversight and management of several low-income apartment complexes and to serve as the sole member for the disregarded entities (for income tax purposes) that owned and operated these low- income apartment complexes:hcs 307, llc dba country club village apartmentshcs 308, llc dba sherwood apartmentshcs 312, llc dba robinhood apartmentshcs 313, llc dba north star village apartmentshcs 314, llc dba fox run apartmentshcs 401, llc dba lantana square apartmentshcs 402, llc dba weslaco village apartmentshcs 501, llc dba frio apartmentshcs 502, llc dba village circle apartmentsin addition, the organization executive director served as the executive director for 15 associated Housing boards that operate low-income properties. All board members of the organization and its associate boards served without compensation other than reimbursement by the organization of expenses incurred directly related to boards activities (primarily travel expenses associated with board meetings).the organization also provided oversight for resident Services and/or Community learning center programs at most of its low-income Housing properties. A quality assurance program was followed to ensure compliance with company guidelines and with u.s. department of hud regulations pertaining to neighborhood networks centers.the organization, the sole member of hcs 308, llc, which owns and operates sherwood apartments, 56 units of affordable Housing in edinburg, Texas. During this reporting period, the organization maintained the hud property based section 8 Housing assistance payment contract making all 56 units available to individuals and families with incomes less than 30% of the ami.the organization, the sole member of the hcs 312, llc, owns and operates the robinhood apartments, 69 units of affordable Housing in harlingen, Texas. During this reporting period, maintained a hud property based section 8 Housing assistance payment contract making all 69 units available to individuals and families with incomes less than 30% of the ami. The organization operated and maintained a hud recognized neighborhood networks center (nnc). The center, in addition to a computer lab which is utilized for the after-school program, is the site of numerous programs to benefit the residents.the organization, the sole member of hcs 313, llc, owns and operates the north star village apartments, 56 units of affordable Housing in harlingen, Texas. During this reporting period, maintained a hud property based section 8 Housing assistance payment contract making all 56 units available to individuals and families with incomes less than 30% of the ami.the organization, the sole member of hcs 314, llc, owns and operates the fox run apartments, 150 units of affordable Housing in victoria, Texas. During this reporting period, maintained a hud property based section 8 Housing assistance payment contract making all 150 units available to individuals and families with incomes less than 30% of the ami.the organization, the sole member of hcs 401, llc, owns and operates the lantana square apartments, 44 units of affordable Housing in corpus christi, Texas. During this reporting period, the organization maintained the hud property based section 8 Housing assistance payment contract making all 44 units available to individuals and families with incomes less than 30% of the ami. The organization maintained a hud approved neighborhood networks center to provide computer access for residents and an after- school program for the youth.the organization, the sole member of hcs 501, llc, which owns and operates the frio apartments, 63 units of affordable Housing in pearsall, Texas. During the reporting period, the organization maintained the hud property based section 8 Housing assistance payment contract making all 63 units available to individuals and families with incomes less than 30% of the ami. Additionally, the organization maintained a 50% ad-valorem property tax exemption to assist in preserving funds for the operations of the housing.the organization, the sole member of hcs 502, llc, which owns and operates the village circle apartments, 50 units of affordable Housing in new braunfels, Texas acquired on march 31, 2015. During the reporting period, the organization maintained the hud property based section 8 Housing assistance payment contract making all 50 units available to individuals and families with incomes less than 30% of the ami.the organization continued its ownership responsibilities of the renaissance village apartments, 67 units of affordable Housing in san antonio, texas.the organization formed various entities other than the single member limited liability companies (llcs) listed above to acquire, develop, construct, rehabilitate, and operate low-income multifamily projects through Texas department of Housing and Community affairs awards for low income Housing tax credits and for a tax credit exchange program grant. Entities include the following:the organization continued as the sole member of 810/910 north frio street gp, llc, which is the general partner of 810/910 north frio street, lp (lp). The lp owns and operates the vista verde apartments, 192 units of affordable Housing in san antonio, Texas financed with tax credits awarded by the tdhca. During this reporting period the organization maintained a hud property based section 8 Housing assistance payment contract making 190 units available to individuals and families with incomes less than 30% of the area median income (ami). The organization maintained the operations of the property in compliance with hud and tdhca regulations. Further, an on-site hud neighborhood networks center which houses a computer center with internet access was maintained. An after-school program was maintained that operated out of the center and provided tutoring and structured activities for property youth.the organization continued as the sole member of west durango gp, llc, which is the general partner of west durango, lp (lp). The lp owns and operates the west durango plaza apartments, 82 units of affordable Housing in san antonio, Texas, financed with tax credits awarded by the tdhca. During this reporting period, the organization maintained a hud property based section 8 Housing assistance payment contract making all 82 units available to individuals and families with incomes less than 30% of the ami. The organization maintained the operations of the property in compliance with hud and tdhca regulations. Further, an on-site hud neighborhood networks center which houses a computer center was maintained. Additionally, an after-school program was maintained that operated out of the center and provided tutoring and structured activities for property youth.the organization continued as the sole member of kingsville lulac manor gp, llc, which is the general partner of kingsville lulac manor, lp (lp). The lp owns and operates the kingsville lulac manor apartments, 88 units of affordable Housing in kingsville, Texas, financed with tax credits awarded by the tdhca. During this reporting period the organization maintained a hud property based section 8 Housing assistance payment contract making all 88 units available to individuals and families with incomes less than 30% of the ami. Additionally, during this period, the organization maintained an on-site hud neighborhood networks center which houses a computer center with internet access.the organization continued as the sole member of guild park gp, llc, which is the general partner of guild park, lp (lp). The lp owns and operates the guild park apartments, 114 units of affordable Housing in san antonio, Texas, which is financed with tax credits awarded by the tdhca. All 114 of the units are available to individuals and families with income less than 30% to 60% of the ami.the organization continued as the 99.9% limited partner in om/ov, lp, which owns and operates the oak manor apartments, 229 units of affordable Housing in san antonio, Texas. Acquisition and rehabilitation was financed with tax credit exchange program funding awarded by the tdhca.