Nonprofit Developer AHC Inc.
Broadens Multifamily Group
Arlington, VA (January 31, 2012) -- AHC Inc., a private, nonprofit affordable housing developer, is pleased to announce several changes within its Multifamily Group. AHC, which owns and operates a portfolio of 36 communities with more than 4,500 residential units, produces and preserves quality affordable housing throughout the mid-Atlantic region.
John M. Welsh has been promoted to Vice President, Multifamily Group, and oversees all of the organization’s project development and acquisitions. As director of AHC’s multifamily projects from 1998 to 2011, Mr. Welsh spearheaded the acquisition of more than 2,300 multifamily units at 20 rental communities. He holds a Master’s Degree in Regional Planning with a concentration in housing from Cornell University, and a Bachelor’s Degree in finance from Villanova University. Mr. Welsh is a former Advisory Neighborhood Commissioner in the District of Columbia, and past secretary of the DC Coalition for Nonprofit Housing and Economic Development.
Alan Goldstein has been promoted to Director, Multifamily Division. Mr. Goldstein, who joined AHC’s multifamily development team in 2002, has managed the development, financing, renovation, and construction of numerous AHC projects. Mr. Goldstein earned a Master’s Degree in Public Policy with concentrations in finance and housing policy at the John F. Kennedy School of Government, Harvard University, and holds a Bachelor’s Degree from the University of Michigan.
Nick Bracco, Project Manager, Multifamily Division, is a new addition to AHC’s development group. Mr. Bracco works with the multifamily team to identify, finance, and develop properties for low-and-moderate income families. Mr. Bracco earned a Master’s of Science in Real Estate with a concentration in real estate development from Johns Hopkins University, and a Bachelors Degree in finance from George Mason University. Prior to joining AHC, Mr. Bracco was Development Director at Miller and Smith in McLean, VA.
AHC Inc. is a private, nonprofit developer of low- and moderate-income housing in the mid-Atlantic region. Founded in 1975 in Arlington, VA, AHC produces and preserves affordable rental housing, provides homeownership services, and offers onsite educational services to improve the quality of residents' lives. AHC's portfolio includes 36 properties providing quality affordable housing for more than 4,500 households.