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Volume 10, Issue 1

Keeping you up to date on MHEG in just a minute’s time.

Property Spotlight: KCV Renaissance, LLLP - Denver, Colorado

Closed Acquisitions

Named “one of Denver’s most affordable senior living developments,” by the Denver Post, Kentucky Circle Village (KCV) is a prime example of the successful impact the LIHTC program can have. KCV is an existing 172-unit mixed income apartment community for people 62+. It has 31 residential buildings that include 11 studios, 99 one-bedroom units and 62 two-bedroom units. The property sits on an 8.7-acre site with a park-like setting. Built in 1959, with additional units built in 2000, KCV is owned and managed by Senior Homes of Colorado. They are an outreach mission jointly owned and operated by three churches in the Denver area. Located in the southeast area of Denver, it has a great location within walking distance to restaurants, grocery stores, entertainment and parks/trails. KCV is also easily accessible located within a few blocks of a bus stop. The rehabilitation consisted of new roofing, repairs to siding, replacement of windows, exterior painting, entry doors, a new water heater, improvements to the grounds and sidewalks. KCV is funded by MHEG Fund 44, LP. In addition, Energy Outreach Colorado recently installed over $525,000 in energy efficiency upgrades, including new furnaces, new insulation and new efficient lighting.

LIHTC DEVELOPMENTS

FUND

7400 Military Avenue, LLC

MHEG 46 Omaha, NE

23

December J Development Co

MorningStar Senior LP

MHEG 46 Kansas City, MO

40

December Missouri Housing Partners, LLC

Trail Ridge Partners II, LLC

MHEG 46 Great Bend, KS

48

December Overland Property Group

Coweta Senior Villas, LP

MHEG 46 Coweta, OK

43

December Pointe Royale Development

Lane Senior Residences, LLC

MHEG 46 Neosho, MO

48

December IRC Manager, LLC

Peaceful Village, LP

MHEG 46 Wichita, KS

72

December Central Plains Development

Schoolhouse Apartments, LP

MHEG 46 Baldwin City, KS

30

December Flint Hills Development

Victory Park Veterans Residence, LLC

MHEG 46 Lincoln, NE

70

January

American First Real Estate Group, LLC

The Brewery Lofts, LLC

MHEG 46 Hastings, NE

35

January

Cohen-Esrey Affordable Partners, LLC

Larkspur Gardens, an Arkansas LP

MHEG 46 Walnut Ridge, AR

30

February

White River Regional Housing Development Corp

Wellness Place LLC

MHEG 47 Wichita, KS

22

March

Wellness Affordable Housing, Inc.

Brittany Court Investor, LP

MHEG 46 Gardner, KS

45

April

Yarco Devco

Trinity Point Apartments Limited Parnership

MHEG 46 Sioux Falls, SD

48

April

Lloyd Companies

KCV Renaissance, LLLP General Partners

Senior Homes of Colorado Foundation, Inc.

Developer

Senior Homes of Colorado Foundation, Inc.

Property Manager

Senior Homes of Colorado Foundation, Inc.

1) Partners of Western Housing Partners, LP (MHEG Fund 44) came together on December 6th, 2016, to celebrate with a ribbon cutting ceremony in Ft. Scott, Kansas. This historic rehab now provides 35 affordable rental units for persons 55+.

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UNITS DATE

Total Units Closed from December - April

554

Total Units Closed in 2017

250

DEVELOPER

MHEG would also like to recognize several employees who will be reaching their 5th, 10th and 15th service anniversary date in 2017. MHEG recognizes that dedicated employees are its most important asset. We are proud to have so many committed and experienced staff.

5 YEARS

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2) Builders Development Corporation held a ribbing cutting ceremony on April 12, 2017, for Grant Prairie Townhomes II (MHEG Fund 44) in Ulysses, Kansas. Now complete, this property will provide 10 new units for people 55+.

10 YEARS

Scott Fitzpatrick, Vice President, Business Development Officer

Sammy Ehtisham, Assistant Vice President of Acquisitions

Cecelia Grossman, Accounting Assistant

Jordan Abboud, Deputy Director of Special Assets

John Wiechmann, Chief Executive Officer/President

Deb Swanson, Closing Coordinator

3) Guests and MHEG staff attend our annual Nebraska Appreciation Dinner at the Nebraska Brewing Company on March 21st, 2017, in LaVista, Nebraska. 4 & 5) Caleb VanHorn, Andrea Frymire and Sammy Ehtisham from MHEG’s Oklahoma office attend Affordable Housing Day at Oklahoma’s State Capital in March 2017.

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15 YEARS Jason Main, Chief Financial Officer

Shannon Foster, Accounting Manager

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CITY / STATE

Staff Announcements

Groundbreakings, Ribbon Cuttings, Dedications and Events....

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May 2017

Ryan Harris, Deputy Director of Asset Stabilization Pat Michaelis, Vice President, Business Development Officer

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2017 apr mheg newsletter  
2017 apr mheg newsletter