HOMES FOR AMERICA INC

HOMES FOR AMERICA CARRIED OUT ITS MISSION BY SERVING 7,316 LOW INCOME PERSONS IN ITS RENTAL COMMUNITIES. THE AVERAGE INCOME OF HOUSEHOLDS IN COMMUNITIES THAT ARE AGE RESTRICTED TO SENIORS 62 YEARS AND OLDER WAS $24,449. THE AVERAGE INCOME OF HOUSEHOLDS IN GENERAL OCCUPANCY HOUSING WAS $27,716.HOMES FOR AMERICA DEVELOPMENT ACTIVITIES INCLUDED THE FOLLOWING: 1. CONTINUED REHABILITATION OF A 154 UNIT FAMILY PROPERTY, IN BALTIMORE, MARYLAND. 2. FULLY LEASED A 163 UNIT NEW CONSTRUCTION SENIOR PROPERTY IN OXON HILL, MARYLAND. 3. RECEIVED 9% TAX CREDIT AWARD FOR THE RENOVATION OF A 50 UNIT PROPERTY IN BRIDGEVILLE, DELAWARE. 4. RECEIVED 9% TAX CREDIT AWARD FOR A 60 UNIT NEW CONSTRUCTION PROJECT IN GLEN BURNIE, MARYLAND.HOMES FOR AMERICA ALSO PROVIDED ASSET MANAGEMENT SERVICES FOR 66 COMMUNITIES IN THE ORGANIZATION'S PORTFOLIO; THE ORGANIZATION PERFORMS REGULAR SITE INSPECTIONS, MONITORS INSURANCE POLICIES AND CLOSELY TRACKS ALL FINANCIAL AND OPERATING ASPECTS OF ITS PROPERTIES DURING LEASE UP AND OPERATIONS. KEY ASSET MANAGEMENT ACCOMPLISHMENTS DURING THE YEAR INCLUDED: 1. CONTINUED THE PRACTICE OF MAKING THE PORTFOLIO MORE ENERGY EFFICIENT AND EXECUTED GRANT AGREEMENTS FOR ENERGY CONSERVATION IMPROVEMENTS FOR THREE PROPERTIES. 2. REFINANCED TWO PROPERTIES, ONE IN SALISBURY, MD AND ONE IN ANNAPOLIS, MARYLAND, LOWERING THE INTEREST RATE AND PROVIDING FUNDS TO IMPROVE THE PROPERTY. 3. SOLD THREE HOMES TO COMMUNITY RESIDENTS OF AN ORIGINAL 56 UNIT LEASE PURCHASE PROPERTY IN ANNAPOLIS, MARYLAND LEAVING 34 UNITS REMAINING.THE FOCUS FOR RESIDENT SERVICES FOR FY 2025 WAS TO CONTINUE TO ENGAGE RESIDENTS IN ON-SITE PROGRAMMING IN THE AREAS OF HEALTH AND WELLNESS, NUTRITIONAL SERVICES, SOCIALIZATION, EDUCATION, FINANCIAL ASSISTANCE, COMMUNITY CONNECTIVITY, DIGITAL ACCESS, AND SAFETY AND SECURITY. HEALTH AND WELLNESS PROGRAMMING HAS CONTINUED INCLUDING MOBILE HEALTH AND VACCINATION CLINICS, EXERCISE CLASSES, AND MENTAL HEALTH WORKSHOPS. NUTRITIONAL SERVICES ARE PROVIDED IN THE FORM OF ON-SITE FOOD PANTRIES, MONTHLY FOOD DONATIONS, MOBILE GROCERY DELIVERY, AND COMMUNITY MEALS. HOMES FOR AMERICA HAS CONTINUED TO INCREASE ACCESS TO FREE HIGH-SPEED BROADBAND INTERNET FOR RESIDENTS IN 3 ADDITIONAL COMMUNITIES TOTALING 228 UNITS. SAFETY AND SECURITY WERE ENHANCED ACROSS THE PORTFOLIO BY INCREASING AND UPDATING CAMERA SYSTEMS, SECURITY PATROLS, AND ENHANCED PARTNERSHIPS WITH LOCAL POLICE DEPARTMENTS. PROGRAMMING FOR YOUTH WAS PRIORITIZED WITH AFTER SCHOOL PROGRAMMING, ON AND OFF-SITE SUMMER CAMPS, AND HOMEWORK CLUBS. IN ADDITION, WE ENHANCED PARTNERSHIPS WITH LOCAL SOCIAL SERVICE AGENCIES TO PROVIDE CASE MANAGEMENT TO TWO COMMUNITIES.

HOMES FOR AMERICA, IS THE SOLE MEMBER OF HOMES FOR BRIDGEVILLE, LLC, WHICH IS INCLUDED HEREIN. HOMES FOR BRIDGEVILLE, LLC, A 50-UNIT APARTMENT COMMUNITY, HAS FAMILY SERVICE AND PROGRAM ACTIVITIES WHICH HAVE HISTORICALLY INCLUDED A MOBILE HEALTH CLINIC, SOCIAL AND RECREATIONAL PROGRAMS, WEEKLY SUMMER CAMP OPPORTUNITIES WITH TRANSPORTATION, REFERRALS FOR HEALTH RESOURCES, NUTRITION AND RENTAL ASSISTANCE AND A MONTHLY MOBILE FOOD PANTRY. ADDITIONALLY, A COMPUTER LAB IS OPEN FOR ALL RESIDENTS AND PUBLIC TRANSPORTATION IS AVAILABLE NEAR THE ENTRANCE OF THE COMMUNITY.