Western Community Housing

Provision of Affordable Housing to Low-Income Households:As of January 1, 2023 WCH was the managing general partner of 108 low income housing tax credit partnerships ("Partnerships"). These 108 Partnerships are located in California with approximately 8,301 affordable units. During 2023 WCH became the managing general partner of 2 new Partnerships adding 240 more affordable communities in California.As a result of these accomplishments, WCH was the managing general partner of 110 Partnerships by December 31, 2023. These 110 affordable communities in California owned approximately 8,541 affordable units.Of the 110 affordable communities owned by the Partnerships at December 31, 2023, 4,297 were affordable family communities, 2,689 were affordable senior communities, and 1,555 were special needs communities, all with rents limited to low-income households.In the Provision of Affordable Housing, WCH recorded $1,115,324 in Development fees for the development of the affordable communities and recorded $1,258,855 in management fees for managing the affordable communities in 2023. WCH ALSO RECORDED RENTAL INCOME OF $2,785,093 AND OTHER INCOME OF $29,931 FROM ITS INVESTMENTS IN THESE LOW-INCOME HOUSING PARTNERSHIPS, FOR TOTAL PROGRAM SERVICE REVENUE OF $5,189,203.

Provision of Social Services to Residents Residing in Affordable Communities:As of January 1, 2023 WCH was providing social services to residents at 67 affordable family and senior communities. By December 31, 2023 WCH was providing social services residents at 66 affordable family and senior communities in California, a decrease of one. Services include Afterschool programs for children, food distribution , case management, creativity programs, career counseling, adult education classes, exercise classes, and community building activities. In the provision of these services, WCH recorded Social Service Income of $1,731,972 in 2023.