Quality Is Affordable
Dawson
Holdings, Inc
Kachina I & II Apartments
316 N. Avenue A
Casa Grande, AZ 85122
50%HUD / 50% USDA
Kachina I & II Apartments
Project Information
• The Kachina Apartments I & II is a
senior living complex of ninety six
(96...
Kachina I & II Apartments
Project Information
Lenders
• Lenders
– CITI
– USDA
– State of AZ, ADOH
– Utah Community
Reinves...
Kachina I & II Apartments
Project Information
Kachina 1
• 48 units USDA 515
• Prior Rents $323
• Post Rehab Rents $501
Kac...
Kachina I & II Apartments
Project Information
Partners
• Partners
– Affordable Housing
Partners – Tax
Credit Syndicators
–...
Kachina I & II Apartments
Initial Walk Issues
“Sure, No Problem”
Existing
Rooftop
Kachina I & II Apartments
Initial Walk Issues
“Sure, No Problem”
Kachina I & II Apartments
Evolution of Interiors
UFES Conversion Units
Kachina I & II Apartments
Evolution of Interiors
UFES Conversion Units
Kachina I & II Apartments
Evolution of Interiors
UFES Conversion Units
Kachina I & II Apartments
Evolution of Interiors
Standard Units
Kachina I & II Apartments
Unit Upgrades
HVAC
Kachina I & II Apartments
Unit Upgrades
Energy Efficient Lighting
Kachina I & II Apartments
Unexpected Issues
Sewer Lines
Kachina I & II Apartments
Unexpected Issues
Sewer Lines
Kachina I & II Apartments
Community Building
Before
Kachina I & II Apartments
Community Building
During & After
Kachina I & II Apartments
Community Building
During & After
Kachina I & II Apartments
Leasing Office
Before and Reno Plan
Kachina I & II Apartments
Leasing Office
After
Kachina I & II Apartments
Rain Harvest System
Kachina I & II Apartments
Rain Harvest System
Kachina I & II Apartments
Rain Harvest System
Kachina I & II Apartments
Solar Panels
Kachina I & II Apartments
Solar Panels
Kachina I & II Apartments
Community Garden
Before & During
Kachina I & II Apartments
Community Garden
After
Kachina I & II Apartments
Street Appeal
Kachina I & II Apartments
Parking Lot & Concrete Apron
Kachina I & II Apartments
Final Project
Broadway Senior Center
5200 Broadway
Sacramento, CA 95820
100% HUD / Tax Credit
Broadway Senior Center
Project Information
• Broadway Senior Center is a senior
living complex of 112 - 1 bedroom
and 8 - ...
Broadway Senior Center
Project Information
Lenders
• Lenders
– US Bank
– SHRA
– City of Sacramento
Broadway Senior Center
Project Information
• 120 units HUD MAHRA 524 (b)
24 units at 50% LIHTC
96 units at 60% LIHTC
HUD P...
Broadway Senior Center
Project Information
Partners
• Partners
– Centerline Investor LP
– Tax Credit
Syndicators
– Communi...
Broadway Senior
Before
Broadway Senior
Before
Broadway Senior
Exterior Conversion
Broadway Senior
Exterior Conversion
Broadway Senior
Exterior Conversion
Broadway Senior
Exterior Conversion
Broadway Senior
Exterior Conversion
Broadway Senior
Interior Conversion
Broadway Senior
Interior Conversion
Broadway Senior
After
Casa De Angelo
3151 Notre Dame Dr
Sacramento, CA 95820
Casa De Angelo
Project Information
• Casa De Angelo Apartments is a
senior living complex of 100 - 1
bedroom units. The co...
Casa De Angelo
Project Information
Lenders
• Lenders
– US Bank
– SHRA
– City of Sacramento
Casa De Angelo
Project Information
• 100 units HUD MAHRA 524 (b)
24 units at 50% LIHTC
96 units at 60% LIHTC
HUD POA shows...
Casa De Angelo Apartments
Project Information
Partners
• Partners
– WNC Housing, LP –
Tax Credit
Syndicators
– Community R...
Casa De Angelo
Before
Casa De Angelo
Before
Casa De Angelo
Before
Casa De Angelo
Evolution of Community Room
Casa De Angelo
Evolution of Community Room
Casa De Angelo
Evolution of Community Room
Casa De Angelo
Energy Efficiency
Casa De Angelo
New Interiors
Casa De Angelo
New Interiors
Casa De Angelo
Completed
Casa De Angelo
Completed
Casa De Angelo
Completed
Quality Is Affordable
Dawson
Holdings, Inc
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USDA 515 and HUD preservation renewals for seniors

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John Hartwick, Dawson Holdings, provides information about creating and preserving quality affordable rural housing for seniors using HUD and USDA programs

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USDA 515 and HUD preservation renewals for seniors

  1. 1. Quality Is Affordable Dawson Holdings, Inc
  2. 2. Kachina I & II Apartments 316 N. Avenue A Casa Grande, AZ 85122 50%HUD / 50% USDA
  3. 3. Kachina I & II Apartments Project Information • The Kachina Apartments I & II is a senior living complex of ninety six (96) 1 bedroom units. Phase I of the complex was originally built in 1979 and Phase II was built in 1981. • 5 units were notated to be fully UFAS compliant. • The property consists of four residential buildings, two laundry facilities, a community room and leasing office and occupies a 7.5 acre lot.
  4. 4. Kachina I & II Apartments Project Information Lenders • Lenders – CITI – USDA – State of AZ, ADOH – Utah Community Reinvestment Corp
  5. 5. Kachina I & II Apartments Project Information Kachina 1 • 48 units USDA 515 • Prior Rents $323 • Post Rehab Rents $501 Kachina 2 • 48 units HUD • Prior Rents $503 • Post Rehab Rents $503 Purchase Price - $2,145,000 9% Tax Credits Allocated - $6,385,240 Tax Credits Converted at just over 90 cents on the dollar for rehab. $5.75m spent
  6. 6. Kachina I & II Apartments Project Information Partners • Partners – Affordable Housing Partners – Tax Credit Syndicators – Pinal-Gila Council for Senior Citizens – USRG, LLC – Precision General Commercial Contractors, Inc
  7. 7. Kachina I & II Apartments Initial Walk Issues “Sure, No Problem”
  8. 8. Existing Rooftop Kachina I & II Apartments Initial Walk Issues “Sure, No Problem”
  9. 9. Kachina I & II Apartments Evolution of Interiors UFES Conversion Units
  10. 10. Kachina I & II Apartments Evolution of Interiors UFES Conversion Units
  11. 11. Kachina I & II Apartments Evolution of Interiors UFES Conversion Units
  12. 12. Kachina I & II Apartments Evolution of Interiors Standard Units
  13. 13. Kachina I & II Apartments Unit Upgrades HVAC
  14. 14. Kachina I & II Apartments Unit Upgrades Energy Efficient Lighting
  15. 15. Kachina I & II Apartments Unexpected Issues Sewer Lines
  16. 16. Kachina I & II Apartments Unexpected Issues Sewer Lines
  17. 17. Kachina I & II Apartments Community Building Before
  18. 18. Kachina I & II Apartments Community Building During & After
  19. 19. Kachina I & II Apartments Community Building During & After
  20. 20. Kachina I & II Apartments Leasing Office Before and Reno Plan
  21. 21. Kachina I & II Apartments Leasing Office After
  22. 22. Kachina I & II Apartments Rain Harvest System
  23. 23. Kachina I & II Apartments Rain Harvest System
  24. 24. Kachina I & II Apartments Rain Harvest System
  25. 25. Kachina I & II Apartments Solar Panels
  26. 26. Kachina I & II Apartments Solar Panels
  27. 27. Kachina I & II Apartments Community Garden Before & During
  28. 28. Kachina I & II Apartments Community Garden After
  29. 29. Kachina I & II Apartments Street Appeal
  30. 30. Kachina I & II Apartments Parking Lot & Concrete Apron
  31. 31. Kachina I & II Apartments Final Project
  32. 32. Broadway Senior Center 5200 Broadway Sacramento, CA 95820 100% HUD / Tax Credit
  33. 33. Broadway Senior Center Project Information • Broadway Senior Center is a senior living complex of 112 - 1 bedroom and 8 - 2 bedroom units. The complex was originally built in 1979. • 6 units were notated to be fully UFAS compliant. • The property consists of 24 residential buildings, and one office building with laundry facilities and a community room. It occupies a 7.5 acre lot in mid-town Sacramento.
  34. 34. Broadway Senior Center Project Information Lenders • Lenders – US Bank – SHRA – City of Sacramento
  35. 35. Broadway Senior Center Project Information • 120 units HUD MAHRA 524 (b) 24 units at 50% LIHTC 96 units at 60% LIHTC HUD POA shows preference for 20% of applicants to those with ELI @ 30% below Area Median Income Purchase Price - $7,155,000 Tax Credits Allocated - $3,544,000 Soft SHRA Loans - $2,760,000
  36. 36. Broadway Senior Center Project Information Partners • Partners – Centerline Investor LP – Tax Credit Syndicators – Community Resident Services, Inc – Sackett Management – Precision General Commercial Contractors, Inc
  37. 37. Broadway Senior Before
  38. 38. Broadway Senior Before
  39. 39. Broadway Senior Exterior Conversion
  40. 40. Broadway Senior Exterior Conversion
  41. 41. Broadway Senior Exterior Conversion
  42. 42. Broadway Senior Exterior Conversion
  43. 43. Broadway Senior Exterior Conversion
  44. 44. Broadway Senior Interior Conversion
  45. 45. Broadway Senior Interior Conversion
  46. 46. Broadway Senior After
  47. 47. Casa De Angelo 3151 Notre Dame Dr Sacramento, CA 95820
  48. 48. Casa De Angelo Project Information • Casa De Angelo Apartments is a senior living complex of 100 - 1 bedroom units. The complex was originally built in 1979. • 5 units were notated to be fully UFAS compliant. • The property consists of 10 residential buildings, and one office building with laundry facilities and a community room. It occupies a 6.5 acre lot.
  49. 49. Casa De Angelo Project Information Lenders • Lenders – US Bank – SHRA – City of Sacramento
  50. 50. Casa De Angelo Project Information • 100 units HUD MAHRA 524 (b) 24 units at 50% LIHTC 96 units at 60% LIHTC HUD POA shows preference for 20% of applicants to those with ELI @ 30% below Area Median Income Purchase Price - $6,605,000 Tax Credits Allocated - $3,301,000 Soft SHRA Loans - $3,495,000
  51. 51. Casa De Angelo Apartments Project Information Partners • Partners – WNC Housing, LP – Tax Credit Syndicators – Community Resident Services, Inc – Sackett Management – Precision General Commercial Contractors, Inc
  52. 52. Casa De Angelo Before
  53. 53. Casa De Angelo Before
  54. 54. Casa De Angelo Before
  55. 55. Casa De Angelo Evolution of Community Room
  56. 56. Casa De Angelo Evolution of Community Room
  57. 57. Casa De Angelo Evolution of Community Room
  58. 58. Casa De Angelo Energy Efficiency
  59. 59. Casa De Angelo New Interiors
  60. 60. Casa De Angelo New Interiors
  61. 61. Casa De Angelo Completed
  62. 62. Casa De Angelo Completed
  63. 63. Casa De Angelo Completed
  64. 64. Quality Is Affordable Dawson Holdings, Inc

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