|
Our History
AHEPA initiated
its efforts in the development of the Section 202 multifamily
housing for low-income elderly in 1980. AHEPA's first project, known
as AHEPA 53 Apartments, consists of 117 units and is located in St
Louis MO. The project was funded in September 1980, went into
initial endorsement in May 1981, and was ready for occupancy by
April 1982. The name AHEPA 53 Apartments reflects the local AHEPA
chapter that was instrumental in obtaining the funding for this
project and continues to provide local support for the project and
its residents.
Based on the success of this initial
effort, The Order of AHEPA subsequently created the AHEPA National
Housing Corporation (ANHC), to act as its official development
vehicle in the development of Section 202 elderly housing. The ANHC
was chartered as a not-for-profit 501c 3 organization in the
District of Columbia in 1983. Through its sponsorship and assistance
to local chapters, the AHEPA Housing program has grown to its
present size. In 1991 the success of the program led ANHC to form a
wholly owned subsidiary, the AHEPA Management Company, Inc. (AMC) to
manage those projects in operation and future projects. Thus ANHC
could now concentrate on the development of new projects and the
overall administration of the housing program, all on a volunteer
basis.
The organization, whose members are the presiding
presidents of each of the operating chapter corporations, annually
elect officers and three directors who make up the executive board.
All are volunteers. The AMC contracts with the project to become the
managing agent of the property once it is operational. It hires and
trains project managers, and maintenance personnel. It keeps
up-to-date on the ever-changing governmental rules and regulations
governing federally funded facilities. ANHC takes a leadership role
in identifying and adopting design improvements and
services. The AMC on-site and
Headquarters personnel handle the financial and accounting analysis,
budgeting, computer expertise, marketing, and public relations. The
employees of AMC are paid professionals in their respective field.
Thus the AHEPA housing program, through the hard work of early
volunteers, has rapidly developed into the premier program of the
Order of AHEPA. It hopes to continue to expand and assist more
chapters to participate in this worthwhile program so beneficial to
senior citizens. |