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Photo of Paul Bernard

AHC Board Names Paul Bernard New Chief Executive Officer

Photo of Paul Bernard

Thursday, March 31, 2022

Arlington, VA — AHC Inc.’s Board of Directors is pleased to announce that Paul Bernard has been unanimously selected as the organization’s new President/Chief Executive Officer (CEO). He will join AHC in his new role on April 4.

Mr. Bernard brings nearly 30 years of experience in urban planning and real estate development, public finance and investing, community development and affordable housing. He has worked in both the public sector as well as the private sector and has extensive external leadership skills working with communities and government officials.  Throughout his career, Mr. Bernard has demonstrated a commitment to addressing economic and social issues, including housing as the foundation for economic success. He has made diversity, equity, and inclusion a cornerstone of his leadership.

Most recently, Mr. Bernard was executive vice president of advisory and educational services at the Urban Land Institute (ULI), a nonprofit research and education organization focused on issues affecting urban communities, including housing. In that role, he managed four international and global-oriented programs and provided development services to municipalities, corporations, students, and real estate professionals. He also led a program that provided dozens of clients with solutions in affordable housing, sustainability/disaster recovery, economic development, mixed-use master planning, urban regeneration, parks and open space and other land-use issues.

Prior to ULI, Mr. Bernard was vice president at Enterprise Community Partners, a Washington, D.C nonprofit improving the lives of low-income residents through housing preservation, community development and by bridging the racial equity gap. While there, he grew a $45M national public sector advisory platform. The consulting practice included 288 diverse clients, including 48 municipalities, 187 public housing authorities, and 53 foundations/nonprofits and private organizations.

Mr. Bernard also worked for Walker & Dunlop, the largest provider of capital to the multifamily industry in the US, as senior vice president of principal investments and prior to that for MMA Realty Capital as a public pension fund advisor. He also was the planning director for the City of Detroit from 1988 to 2002, overseeing $8 billion in new construction projects. And early in his career, Mr. Bernard worked for the Philadelphia Redevelopment Authority, identifying sites for acquisition and development. He currently sits on the Board of Lotus, which houses and includes wrap-around services for formerly homeless residents.

“I am honored to join the AHC team and have long admired the organization’s mission of providing quality affordable housing and outstanding resident services. I am excited about the opportunity to work with local leaders, advocates, and partners to provide much-needed homes and services throughout the Virginia, Maryland, and DC region,” said Bernard.

“Paul has a history of tackling a variety of housing challenges and a track record of leading real change,” says David Barsky, AHC Board Chair. “With his perspective in economics, finance and urban planning — coupled with his passion for affordable housing and its potential to transform lives– we’re thrilled to have him lead AHC forward in its next chapter.”

Mr. Bernard will replace Susan Cunningham who served as Interim CEO since July 2021 and will support AHC as a senior adviser.

Mr. Bernard holds a Bachelor of Science (BS) in International Finance from Georgetown University’s Edmund Walsh School of Foreign Service. He also holds a Master of Public Policy (MPP) in Urban Economics & Public Finance from Harvard University’s Kennedy School of Government. In addition, he has a Master of Business Administration (MBA) in Strategy & Finance from Georgetown University’s McDonough School of Business.

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About AHC Inc.

Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing that provides quality homes and education programs for low-and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,800 apartments in 50+ properties in Virginia, Maryland, and Washington, D.C. AHC’s Resident Services program reaches 3,000 children, teens, and adults and seniors each year through onsite education and social service programs and activities. Visit the AHC website for more information.

 Contact

Celia Slater
AHC Inc. Communications Director
703-486‑0626 x1118
celia.slater@ahcinc.org

AHC Inc. Acquires First Prince George’s Property to Provide Affordable Housing in Fast-Growing Largo, MD

The joint venture with Insight Property Group and FCP preserves affordable living opportunities in job-rich, metro-accessible Largo. Town Center

(March 29, 2022 – Arlington, VA) AHC Inc. with partners Insight Property Group and Federal Capital Partners (FCP) announce the purchase of the property formerly known as Camden Largo Town Center apartments for $71.9 million in Largo, MD. Forty percent (98 apartments) of the 245-unit community will be preserved as affordable for 15 years. The community at 9701 Summit Circle will be rebranded Haven Largo.

The opportunity was awarded through Prince George’s County’s Right of First Refusal (ROFR) program, which gives Prince George’s County Department of Housing and Community Development (DHCD) the authority to purchase properties to expand the availability of affordable rental housing in the County.

The commitment ensures that 10% of the property (25 units) are available to households earning up to 60% of the Area Median Income (AMI) and 30% of the property (73 units) are available to those with incomes at or below 80% AMI.

“AHC is delighted to acquire our first community in Prince George’s County in partnership with the County, Insight Property Group, and FCP,” said Mary Claire Davis, AHC Greater Baltimore Director. “We appreciate the County’s commitment to providing long-term rental affordability in such a prime location and look forward to adding programming and services to further enhance the quality of life for our residents.”

Haven Largo is an attractive, well-located garden apartment community in a tranquil setting in a quickly growing submarket in Prince George’s County, MD. The community is minutes from the Largo Town Center Metro Station and the Capital Beltway. Residents of the spacious one-, two-, and three-bedroom apartments have access to major employment centers including the nearby University of Maryland Capital Region Medical Center. Apartment amenities include in-unit washers and dryers, vaulted ceilings, kitchen pantries, and rentable garages. The community has a fitness center, swimming pool, grilling areas, and an outdoor gazebo.

“This multifamily apartment community sits in the heart of downtown Largo, a vibrant and growing retail center,” said County Executive Angela Alsobrooks. “With the new University of Maryland Capital Region Medical Center and the Blue Line Metro Station, downtown Largo is critical for our economic development vision along the Blue Line Corridor. With increasing market demand of rental property, exercising our Right of First Refusal program is not only helping us to protect and expand quality, safe homes that residents of all incomes can afford, but also plays a key role in contributing to the creation and preservation of healthy and inclusive communities where access to opportunity is increased.” 

“Insight is thrilled to partner with Prince George’s County, AHC and FCP on this acquisition, where we will be able to create much-needed affordable housing in an exceptional location,” said Tim White, Partner at Insight Property Group.

“FCP is excited to continue investing in our home market with the acquisition of a well-maintained and high performing asset in one of the top submarkets in suburban Maryland,” said FCP’s Scott Reibstein. “As part of our commitment to the preservation of moderately priced apartment communities in the Washington, DC region, we plan to offer resident services and implement affordability requirements to a portion of the units.”

About AHC

Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing that provides quality homes plus education programs and social services for low-and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,800 apartment units in 50+ properties in Virginia, Maryland and Washington, D.C. AHC’s Resident Services program reaches 3,000 children, teens, adults, and seniors each year. For more information, visit www.ahcinc.org

About Insight Property Group

About Insight Property Group: Insight Property Group acquires and develops mixed-use and residential communities in the Washington Metropolitan area. Since its inception in 2009, it has built a broad portfolio of housing including affordable, workforce, mixed-use and luxury rental communities as well as infill for-sale townhomes. With more than $1.5 billion in investments, Insight has purchased, re-positioned and constructed more than 4,800 residential units and 200,000 square feet of commercial space with another 1,250 units and 120,000 sf of retail in the immediate pipeline. The company is recognized for delivering memorable, neighborhood-centric projects that create strong returns for its partners. For more information, visit www.insightpropertygroupllc.com.

About FCP

FCP® is a privately held real estate investment company that has invested in or financed more than $9.3 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com

2021 in Review – By the Numbers

(Arlington, VA – January 5, 2022) 2021 was a challenging and jam-packed year. Many of us – particularly our residents – continued to feel the impacts of the pandemic acutely. AHC also navigated organizational changes as we move to third-party property management and search for our next President & CEO.

Through it all, AHC has continued to work hard to effectively engage with residents and create and preserve more affordable places for people to call home. Here’s a snapshot of what our partners, supporters, and volunteers helped us accomplish in 2021.

  • 1 award (& 342 solar panels)The Apex won Viridiant’s Building Sustainability Award for the Multifamily New Construction Project of the Year.
  • 5 years of College & Career ReadinessWatch the short video celebrating five years of the program and several students who are now out of college.
  • 6 new Board members. AHC elected six new Board members who bring together diverse voices and lived experiences.
  • 16 acres. The acquisition of Landings l and ll preserved 292 affordable apartments on 16 acres in Fairfax County.
  • 27 homeownership opportunities.  A new Montgomery County project will create nearly 200 affordable homes, including 27 homeownership opportunities.
  • 77 new affordable apartments. The redevelopment of Arlington View Terrace will provide 77 new affordable homes with free WiFi and sustainable design elements.
  • 189 renovated homes. Renovations at Greenspring Overlook, the first property we acquired in Baltimore 20 years ago, are almost complete.
  • 350 volunteers. AHC is deeply grateful to the 350 volunteers who worked regularly with our students and helped connect residents to services in 2021.
  • 644 vaccinations. Community partnerships helped vaccinate hundreds of AHC residents in Baltimore, Montgomery County, Arlington, and Alexandria.
  • 1,500 backpacks. Thanks to generous community donors,1,500 AHC students in Virginia and Maryland started school fully prepared.
  • $10 million in rental assistance. Resident Services have helped residents access nearly $10 million in much-needed rental assistance.
  • $170 million DC development. Now underway, Waterfront Station II is an exciting 450-unit, mixed-income, mixed-use new development in Southwest DC.

Photo: Clockwise from top left – Generous donors helped AHC provide 1,500 fully stuffed backpacks to students; Waterfront Station is an exciting 450-unit mixed-income, mixed-use development in Washington, DC; AHC and community partners helped vaccinate hundreds of our residents in the comfort of their homes in Virginia and Maryland; the Apex includes the largest solar array on a multifamily building in Northern Virginia.

About AHC Inc.

Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing that provides quality homes and education programs for low-and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,500 apartment units in 50+ properties in Virginia, Maryland, and Washington, D.C. AHC’s Resident Services program reaches 3,000 children, teens, and adults and seniors each year through onsite education and social service programs and activities. For more information, visit https://www.ahcinc.org/

 

Generous Community Support Brightens Holidays for AHC Residents

Generous community members helped make the holidays brighter for AHC residents of all ages with visits from Santa, Christmas trees, toys, and gift bags.

“We are grateful for the generous outpouring during the holiday season,” said Laura Jackson, AHC’s volunteer coordinator. “The support means so much to our families, many of whom are still struggling because of the ongoing pandemic. It was wonderful to see children’s eyes light up and also to experience the gratitude from our seniors – particularly those who aren’t able to visit with  family because of the pandemic.”

Amazon volunteers, including Santa, Mrs. Claus, and several elves, helped distribute 200 toys generously donated by Amazon employees from across the country. Gifts were also gathered through a toy drive organized by Wakefield High School’s Interact Club.

The Arlington County Police Department distributed nearly 1,100 toys to children living at AHC’s affordable apartment communities throughout Arlington. Children were able to choose brand new toys displayed on multiple tables at the community centers.

Volunteers from long-time supporter St. Peter’s Episcopal Church unloaded 40 Christmas trees at Woodbury Park/Frederick apartments, much to the delight of residents. Church volunteers also donated 160 toys to AHC children.

Volunteers at the Episcopal Church of the Resurrection, next door neighbors to AHC’s Spire apartment community in Alexandria, shared hot chocolate and toys with nearly 50 children.

Generous supporters dropped off almost 500 Holiday Gift Bags for senior citizens at our Arlington properties and to the middle and high school students in our education programs. The gift bags are filled with items like adult coloring books & colored pencils, fuzzy socks, hats & gloves, tea & hot chocolate and gift cards.

Donors include 28 individuals, Arlington Rotary Club, Microsoft, TMG Construction, 3 Girl Scout troops, Willis Towers Watson, Partner Forces, and Marymount University athletic teams (Women’s Lacrosse, Men’s Soccer, Men’s Lacrosse, Baseball, Softball and Assistant Athletic Director).

About AHC Inc.
Founded in 1975, AHC Inc. is a nonprofit developer of affordable housing that provides quality homes and education programs for low-and moderate-income families. Based in Arlington, VA, AHC has developed more than 7,800 apartment units in 50+ properties in Virginia, Maryland and Washington, D.C. AHC’s Resident Services program reaches 3,000 children, teens, adults, and seniors each year.

Building Strong Community and Diversity

(Arlington, VA – December 21, 2021) The past two years of public health and financial disruption underscore how vital community ties are to each of us. As we move forward into 2022, AHC is focusing on building strong community and diversity in three critical areas: Within AHC apartment communities, across our own organization, and throughout our relationships with local government and community partners.

  1. Residents are AHC’s #1 Priority. Building on our award-winning Resident Services program and active engagement with residents and tenant advocates, we are elevating resident voices across every aspect of our work, from onsite repairs and development plans to board discussions. Initial steps include adding two current AHC residents to our Board, adding a dedicated staff member to coordinate our resident voice and community engagement efforts, and launching a joint CEO-Board organizational-wide community engagement initiative.
  2. Skills and diverse viewpoints support AHC staff, vendors, and board. We are also expanding our customer service training diversity and inclusion efforts to include new trainings on intercultural communication strategies and trauma-informed practices. Our new class of AHC board members brings together diverse voices and lived experiences, including AHC residents, housing professionals, community members, and youth advocates from Montgomery County, Alexandria, and Fairfax.
  3. AHC continues to innovate and collaborate with community and government partners. We are redoubling our commitment to building strong and diverse communities by expanding and deepening our partnerships with the many community organizations and local governments that make our work possible. We are committed to working hand-in-hand with our partners to develop innovative and cutting-edge strategies to create and preserve affordable housing where it is most needed throughout the region.

Affordable, stable housing is the foundation for healthy families, individuals, and communities – and increasingly critical in today’s daunting economic climate. At AHC, we are hopeful that, by prioritizing thoughtful engagement and deeper partnerships with the residents and communities we serve, we can make a real difference.

Photo: AHC Inc. Board, clockwise: Wanda L. Pierce, Mildred Mack, Tom Klanderman, Katharine Dixon, Andargachew Legesse Wolde, Jessica Majano-Arriaza, David Barsky, C.C. Jenkins,  and Susan Cunningham. Not pictured: Ginger Brown, Justin C. Oliver, Tedi Osias, and Terron Sims, II.