HOLLYWOOD COMMUNITY HOUSING CORPORATION

HCHC'S HOUSING OPERATIONS INCLUDES THE OPERATIONS OF THE PROPERTIES AND ITS ASSET MANAGEMENT DEPARTMENT WHICH DEVELOPS AND IMPLEMENTS STRATEGIES TO ENSURE THE LONG-TERM HEALTH OF ITS PROPERTIES FOR THE BENEFIT OF ITS RESIDENTS. HCHC ALSO MANAGES 570 UNITS AS OF DECEMBER 31, 2023 AND ANTICIPATES SELF MANAGING ADDITIONAL PROPERTIES IN FUTURE PERIODS. THE DEPARTMENT MONITORS THE LEASE-UP PROCESS OF NEW BUILDINGS, SUPERVISES PROPERTY MANAGEMENT OPERATIONS, ANALYZES FINANCIAL PERFORMANCE, IMPOSES CONTROL OVER PROPERTY MAINTENANCE, MEDIATES RESIDENT GRIEVANCES, AND WORKS WITH ITS HOUSING DEVELOPMENT DEPARTMENT ON DESIGN CONSIDERATIONS FOR NEW BUILDINGS. THE ASSET MANAGEMENT TEAM ACTIVELY SEEKS OUT WAYS TO LOWER OPERATING EXPENSES, PRIMARILY THROUGH GREEN INITIATIVES AND ENERGY SAVINGS PROGRAMS.

HCHC'S CORE PROGRAM IS THE DEVELOPMENT OF AFFORDABLE HOUSING. HCHC IS COMMITTED TO DOING ITS PART TO ADDRESS THE HOUSING CRISIS AND IS BUILDING AFFORDABLE HOUSING, INCLUDING PERMANENT SUPPORTIVE HOUSING (PSH) AT THE FASTEST RATE IN THE ORGANIZATION'S HISTORY. SINCE ITS INCEPTION, HCHC HAS DEVELOPED 33 PROPERTIES THAT HOUSE OVER 2,500 PEOPLE IN 1,244 APARTMENT UNITS OF SAFE, ATTRACTIVE AND CENTRALLY LOCATED AFFORDABLE HOUSING. RESIDENTS OF HCHC PROPERTIES HAVE EXTREMELY LOW TO LOW-INCOMES, TYPICALLY EARNING BELOW 60% OF THE AREA MEDIAN INCOME. ALL OF HCHC'S HOUSING UNITS ARE AFFORDABLE AND ALMOST 40% OF HCHC'S HOUSING UNITS ARE DESIGNATED TO SUPPORT INDIVIDUALS WITH SPECIAL NEEDS AND THEIR FAMILIES, THOSE DIAGNOSED WITH HIV/AIDS, THOSE WHO HAVE FORMERLY EXPERIENCED CHRONIC HOMELESSNESS, AND PERSONS LIVING WITH CO-OCCURRING AND MULTIPLE DIAGNOSED CONDITIONS. THREE OF HCHC'S BUILDINGS ARE DEDICATED TO SERVING SENIORS ONLY, AND ONE SPECIFICALLY SERVES SENIORS LIVING WITH SPECIAL NEEDS.