CORPORATE PROFILE

Transcription

1 CORPORATE PROFILE

2 QUICK FACTS We are a full service property management company committed to building better communities, raising industry standards and most importantly the quality of life of our residents. FOUNDED: 1969 HEADQUARTERS: San Juan, Puerto Rico INDUSTRY: Low Income Housing Development and Property Management LEADERSHIP: Enrique Nodarse, CEO EMPLOYEEES: 140 As a fully integrated real estate company, we develop many of the properties we manage, and our portfolio contains multiple options of affordable housing throughout the island. We are recently expanding to offer our services to the private sector.!2

3 TABLE OF CONTENTS Why BLANCO ENTERPRISES? INDUSTRY EXPERIENCE COMPANY OVERVIEW MEET OUR KEY PEOPLE WHAT WE DO OUR PROPERTIES!3

4 Why BLANCO ENTERPRISES? We have a proven track record with our investors and with our residents. To date we have developed 20 low income housing projects from conception to completion, 13 of which we still own and manage. For over 40 years we have exceeded requirements and industry standards proving our clients and investors our commitment to success. In Blanco Enterprises we expertly adapt to each individual property and development process. Our business decisions are well thought and purposeful in order to meet the high standards required by the industry, which is why we have endured over 40 years, more than any other in this line of work. Our experience has also taught us that collaborations are crucial to success. We have forged alliances with non-profits such as Pro-Vivienda and we are active members of the following associations: Member of USGBC Energy Star Rural Development!4 Equal Housing!4 DEVELOPING AFFORDABLE COMMUNITIES.!4

5 COMPANY OVERVIEW We are experts of the Low Income Housing Tax Credit (LIHTC) program. Through this effective federal tax policy program we have built a variety of housing options for our community while providing investors a safe and reliable investing opportunity. We are proud to help meet our country s high demand for affordable housing needs while giving investors a solid and effective investing tool. Our properties are built and managed to exceed all regulatory requirements ensuring that our tax credits are competitively priced and secure. We also enforce strong oversight and accountability to assure our investors and our residents of our commitment. With Blanco Enterprises you can also feel good by knowing that your investment contributes positively to the community. Get more from your return by knowing your investment also serves an important civic purpose. Furthermore, our practice creates jobs for small and medium businesses. Architects, plumbers, electricians, carpenters and other building specialists benefit when we develop affordable properties with support from the LIHTC program. Property managers, maintenance workers, service providers and others also benefit once the housing is occupied.!5

6 COMPANY OVERVIEW (cont.) We employ 140 people, plus we work with hundreds of vendors and local service suppliers of al scales benefiting the whole community. For over 40 years Blanco Enterprises has been established as a leader of affordable housing development. Founder and visionary Carlos A. Nodarse understood the importance of not just providing decent, safe and clean residences for his community. He believed in building quality homes that served its residents opportunities that otherwise they were not able to afford. Since 1969 our pioneering company has built partnership structures that provide tax contribution benefits to investors. This vision is now applied through the LIHTC a federal program where the use of tax credits serve as an instrument to make all these projects possible through sound investing. Today we continue to be the leading experts in our field. Our history and years of experience dealing with the strict federal requirements ensure the security and effectiveness of our investments opportunities. In Blanco Enterprises we adhere to strict professional corporate standards and work ethics. We certainly stand out f r o m t h e r e s t o f o u r i s l a n d competitors. We go above and beyond our duties because we believe in what we do.!6

7 WHAT WE DO. We pursue que highest standard of living Managing with integrity. Creating housing that improves quality of life. Developing affordable communities. 1. We build affordable housing for our community while providing solid investment opportunities. We also offer comprehensive property management services for residential and commercial properties. 2. We are experts of the Low Income Housing Tax Credit (LIHTC) Program. Through this effective tax policy program we build highstandard housing while providing a solid and feel-good alternative for our investors. 3. In addition, we offer comprehensive property management services and solutions to residential and commercial properties alike. We have the most comprehensive property management service package of the industry. Blanco Enterprises does the job of several different managing companies at once.!7

8 INDUSTRY EXPERIENCE Blanco Enterprises and its subsidiaries has over 40 years of experience in the housing market. During that time we have worked with the following programs assuming different roles from development stage to the management and ownership compliance of the properties. Furthermore, we pride ourselves with our proven track record in compliance with local and federal regulatory agencies. Program Expertise Section 8 (Project Based HAP)- HUD Section 8 (Tenant Voucher)-HUD Section 236- HUD Moderate Rehabilitation Program- HUD Low Income Housing Tax Credit Program-LIHTC Section 515- Rural Development, USD Agency Compliances HUD Rural Development, USDA Puerto Rico Housing Finance Authority -PRHFC LIHTC/REAC/Municipality Voucher Inspection OSHA Junta de Calidad Ambiental-JCA Staff Certifications Certified Manager of Housing (CMH) Certified Voucher Specialist (CVS) Certified Manager of Senior Housing (CMSH) Tax Credit Specialist (TCS) Certified Financial Specialist (CFS) Certified Occupancy Specialist (COS) Conferences & Trainings NOVOCO -Tax Credit Developers Conference (2012) NOVOCO- Affordable Housing Conference (2013,2015, 2016 Sept 2016) NOVOCO - New Market Tax Credit Conference (2009 NOVOCO - Financing Renewable Energy Conference 2012 IPED - Affordable Housing Preservation IPED - Tax Credit Property Dispositions + Affordable Housing Preservation Update-2014 IPED - Affordable Housing Summit at Greenbuild IPED - The National Affordable Green Homes & Sustainable Communities Summit at Greenbuild US Green Building Expo and Training (2007, ) Southeastern Affordable Housing Management Association (SAHMA)!8

9 Meet the KEY PEOPLE ENRIQUE NODARSE CEO & President CARMEN GLORIA RIVERA Operations Supervisor & New Business Development Director JORGE SALA Director of Construction and Maintenance ELMA FELICIANO Property Director & Quality Control Specialist

10 OUR PROPERTIES Commitment to develop, administer and preserve social interest housing as a means to inspire the Puerto Rican family. The home is each individual s vital space. It is our pride and responsibility to offer the best service in the industry.!10

11 QUICK GLANCE OF OUR PROPERTIES ADMINISTRATIVE AGENT BEI - Blanco Enterprise Inc. FMC - First Management Corporation FHC - First Housing Corporation BME - Blanco Mora Enterprise Property Name Units BEI BME FMC FHC PISD Location Casa Linda del Sur 199 X Bayamon Covadonga 60 X Mayaguez Los Laureles Apartment 148 X Bayamon San Enrique I 60 X Camuy San Enrique II 60 X Camuy Torre de Tokio 127 X Caguas Hormigueros Apartments 40 X 1993 Hormigueros San Francisco Court 78 X 1993 Cabo Rojo San Francisco Village 84 X 1992 Cabo Rojo San German Apartments 84 X 1993 San German Villas de Hatillo 72 X 1992 Hatillo Vista Linda Apartments 50 X 1994 Sabana Grande Las Americas I 266 X San Juan Las Americas II 266 X San Juan Las Lomas Apartments 120 X San Juan Parque de los Monacillos 166 X San Juan!11

12 ! CASA LINDA DEL SUR 2 Ave. Casa Linda STE ADM Bayamón, PR This property has 199 one bedroom apartments and is conveniently located steps from the Salus Medical Clinic, a member of the Mayo Clinic Care Network with over forty doctors, dentists, drugstore and a full service lab. With direct access to Avenida Los Filtros, Costco, supermarkets and parks are minutes away. We offer transportation services for residents on Thursdays and Fridays to main shopping centers and exercising facilities. Cardio workshops courtesy of the Department of Recreation and Sports of the Municipality of Bayamón are provided. Tai-Chi clinics are offered by residents on Mondays. Social worker conferences, laundry facilities, 24 hour security, controlled access and a community hall for activities are available for our residents. All our units provide a fridge, stove and water heater. PROGRAMS SECTION 8/HUD ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc). PHONE UNITS 199 COMPOSITION One Bedroom PLACED IN SERVICE DATE!12

13 NUESTRA SEÑORA DE LA COVADONGA Las Flores #45 Final Mayaguez PR Complex with 60 one-bedroom apartments. Located near pharmacies. It has a laundry room and a community center with a kitchen. It has controlled access and surveillance in the evening. This project has a social coordinator as part of the services offered to residents. Each unit includes a fridge, stove and water heater. PROGRAMS SECTION 8/HUD ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc). PHONE UNITS 60 COMPOSITION One Bedroom PLACED IN SERVICE DATE!13

14 LOS LAURELES APARTMENTS Ave. Laurel Esquina Power, Bayamon, PR The complex is made up of 148 two, three and four-bedroom apartments. Located close to pharmacies, hospitals and fast food restaurants. Los Laureles Apartments has basketball court and recreational area. Each unit provides a fridge, stove, water heater and space to install a laundry unit. We have 24 hour security and controlled access. Facilities with communal lounge and social workers committed to the welfare and quality of life for residents. PROGRAMS SECTION 8/HUD ADMINISTRATIVE AGENT BME (Blanco Mora Enterprises) PHONE UNITS 148 COMPOSITION Two, Three and Four Bedroom PLACED IN SERVICE DATE!14

15 SAN ENRIQUE I Apartado #61 Camuy, PR San Enrique I accommodates 60 one, two, three and four-bedrooms apartments. Located steps from the beach, Villa Pesquera and restaurants. This project has basketball court, playground, library, community center with air conditioning and kitchen. Each unit has a fridge, stove, water heater and space to install a washing machine. PROGRAMS SECTION 8/HUD, SECTION 515/Rural Development ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc) PHONE UNITS 60 COMPOSITION One, Two, Three and Four Bedroom PLACED IN SERVICE DATE!15

16 SAN ENRIQUE II Apartado #61 Camuy, PR San Enrique II features 60 in one, two, three and four-bedrooms apartments. Located steps from the beach, Villa Pesquera and restaurants. Onsite basketball court, children playground, library and an air-conditioned kitchen equipped community center. Each unit is equipped with a fridge, stove, water heater and area with laundry machine connections. PROGRAMS SECTION 515/Rural Development ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc) PHONE UNITS 60 COMPOSITION One, Two, Three and Four Bedroom PLACED IN SERVICE DATE!16

17 TORRE DE TOKIO Calle Goyco Esq. Troche Caguas Hi-Rise Condo with 127 two and three-bedroom units. Located in front of the Escuela Libre de Música and Colegio Notredame. It features a basketball court, picnic area, community room with A/C and kitchen. This project has controlled and 24 hour security. Each apartment includes a refrigerator, stove, heater and space to install a washing machine. Social workers regularly organize recreational activities and conferences for our residents. PROGRAMS SECTION 8/HUD ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc.) PHONE UNITS 127 COMPOSITION Two, and Three Bedroom PLACED IN SERVICE DATE!17

18 VISTA LINDA APARTMENTS Vista Linda Apartments #100 Sabana Grande, PR two and three bedroom units. Located in the rural area of Sabana Grande, this project offers a space for relaxation and meditation near spacious green areas. It has a great recreational area, basketball court, community hall and library. We offer monitoring services in the evenings and controlled access. Each unit includes a fridge, stove, heater and space to install a washing machine. PROGRAMS SECTION 515/Rural Development, LIHTC ADMINISTRATIVE AGENT FMC (First Management Corporation) PHONE UNITS 50 COMPOSITION Two, and Three Bedroom PLACED IN SERVICE DATE July 1994!18

19 HORMIGUEROS APARTMENTS Hormigueros PR With only 40 apartments the Hormigueros Apartments project is our smallest unit. The units are two and three bedroom units. These apartments have a basketball court, recreation area and community center with air conditioning. We have surveillance in the evenings and nights. Each unit includes a fridge, stove, water heater and space to install a washing machine. PROGRAMS SECTION 515/Rural Development, LIHTC ADMINISTRATIVE AGENT FHC (First Housing Corporation) PHONE UNITS 40 COMPOSITION Two, and Three Bedroom PLACED IN SERVICE DATE September 1993!19

20 SAN FRANCISCO COURT 100 Carr. 612 Apt. 100 Cabo Rojo, PR Project with 78 two and three-bedroom apartments. Shared entrance with San Francisco Village also in our portfolio. Located minutes from the town center of Cabo Rojo. This project has a basketball court, recreational area and communal living. We offer controlled access and surveillance services in the evenings and nights. Each unit includes a fridge, stove, water heater and space to install washing machine. PROGRAMS SECTION 515/Rural Development, LIHTC ADMINISTRATIVE AGENT FMC (First Management Corporation) PHONE UNITS 78 COMPOSITION Two, and Three Bedroom PLACED IN SERVICE DATE June 1993!20

21 SAN FRANCISCO VILLAGE 110 Carr. 312 Apt. 100 Cabo Rojo, PR Accommodates 84 apartment units. Located opposite the Rebecca Colbert sports complex and just minutes from the town center of Cabo Rojo. This project has a basketball court, recreational area and a communal lounge with air conditioning. Features gated controlled access and security guard on evenings. Each unit includes a fridge, stove, water heater and space to install washing machine. PROGRAMS SECTION 515/Rural Development, LIHTC ADMINISTRATIVE AGENT FMC (First Management Corporation) PHONE UNITS 84 COMPOSITION One, and Two Bedroom PLACED IN SERVICE DATE December 1992!21

22 SAN GERMAN APARTMENTS 149 Calle Golondrina Suite 100, San Germán PR Accommodates 84 apartment units, of two and three bedroom units. Located minutes from the town center of San German. This project has a basketball court, recreational area and communal living. We offer controlled access and surveillance services starting in the evenings, continuing through the night. Each unit includes a fridge, stove, water heater. PROGRAMS SECTION 515/Rural Development, LIHTC ADMINISTRATIVE AGENT FMC (First Management Corporation) PHONE UNITS 84 COMPOSITION Two and Three Bedroom PLACED IN SERVICE DATE March 1992!22

23 VILLAS DE HATILLO #100 Hatillo, PR Walk-up style project has 72 two and three-bedrooms units. This project has basketball court and a recreational area, night surveillance, controlled access, community center with air conditioning and kitchen. Each unit includes a fridge, stove, heater and space to install a washing machine. Social workers have frequent workshops for residents. PROGRAMS SECTION 515/Rural Development, LIHTC ADMINISTRATIVE AGENT FMC (First Management Corporation) PHONE UNITS 72 COMPOSITION Two and Three Bedroom PLACED IN SERVICE DATE July 1992!23

24 LAS AMERICAS I 920 ave. Jesus T. Pinero San Juan PR Project with 266 units of two and three-bedroom apartments. This project has a basketball court, recreational area and communal living. Has a network neighborhood center with 20 computers. We offer controlled access and surveillance services 24hrs. Each unit includes a fridge, stove, water heater and space to install washing machine. There is a Head Start on the first level serving both buildings. PROGRAMS SECTION 8/HUD ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc) PHONE UNITS 266 COMPOSITION Two and Three bedroom PLACED IN SERVICE DATE!24

25 LAS AMERICAS II 900 ave. Jesus T. Pinero San Juan PR Project with 266 units of two and three-bedroom apartments. This project has a basketball court, recreational area and communal living. Has a network neighborhood center with 20 computers. We offer controlled access and surveillance services 24hrs. Each unit includes a fridge, stove, water heater and space to install washing machine. PROGRAMS SECTION 8/HUD ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc) PHONE UNITS 266 COMPOSITION Two and Three bedroom PLACED IN SERVICE DATE!25

26 LAS LOMAS APARTMENTS Calle 31 SO San Juan PR Accommodates 120 apartment units. Composition is one, two and three bedroom apartments. This project has a basketball court, recreational area and a communal lounge with air conditioning. Features gated controlled access, and 24hr security guard on site and security cameras. Each unit includes a fridge, stove, and water heater. PROGRAMS SECTION 8/HUD ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc.) PHONE UNITS 120 COMPOSITION One, Two and Three bedroom PLACED IN SERVICE DATE!26

27 PARQUE DE LOS MONACILLOS 1800 San Gregorio San Juan PR Accommodates 166 apartment units. Composition is two and three bedroom apartments. This project has a basketball court, recreational area and a communal lounge with air conditioning. Features gated controlled access and 24hr security guard on site. Has a network neighborhood center. PROGRAMS SECTION 8/HUD ADMINISTRATIVE AGENT BEI (Blanco Enterprise Inc.) PHONE UNITS 166 COMPOSITION Two and Three Bedroom PLACED IN SERVICE DATE!27

28 PO Box 10563, San Juan, PR, 00922, T F info@blancoenterprises.com

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