The Commons at Martineztown...located is within a ½ mile walk distance of: 1) Starbucks, 2) Carls Jr., 3) Empire Church, 4) Jackson Wink Gym (includes restaurants), 5) Bank of the

A L B U Q U E R Q U E H O U S I N G A U T H O R I T Y Empowering people in our community through affordable housing and self-sufficiency opportunities

The Commons at Martineztown

Solicitation for LIHTC investor, construction and permanent lender for a 96-unit affordable housing community in the historic Martineztown neighborhood of Albuquerque, New Mexico Issued: October 25, 2019 Solicitation Closing: November 15, 2019, 5 PM MDT


Table of ContentsSECTION PAGE

Executive Summary 1 Development Economics 1 Development Structure 2 Site and Neighborhood 2 Population & Demand Overview 3 Development Description 4 Development Team 6 Proposal Process 8 Proposal Content for LIHTC Investors 9 Proposal Content for Construction Lenders 13 Submission Requirements 15

Attachments Draft Pro-Forma Property Tax Opinion AHA Annual Report AHA Audit Linda Bridge Resume Dan Foster Resume Barbara D’Onofrio Resume Matthew Archuleta Resume Andrew Estocin Resume Project Property Data Sheets Project Plans Project Specifications

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EXECUTIVE SUMMARY The Albuquerque Housing Authority (AHA) is seeking financing proposals for the acquisition and rehabilitation of existing public housing properties located at 415 Fruit Ave NE (38 units), 615 Arno NE (8 units), and 320 Roma NE (50 units) from entities wishing to serve in one or more of the following roles:

An investor / limited partner for $493,347 in annual 4% Low Income Housing Tax Credits.

A construction lender for a tax-exempt construction loan up to $7,500,000 A permanent loan of $3,357,055

The revitalization project, called The Commons at Martineztown, includes converting the existing 96 public housing units to Project Based Vouchers through a combination of Rental Assistance Demonstration (RAD) and Section 18 Disposition, to affect the recapitalization of the existing buildings located in Albuquerque, New Mexico. The property provides housing to seniors and disabled residents as well as families with children and is currently owned and operated by AHA. The site is located on east edge of downtown Albuquerque in the historic Martineztown neighborhood and on the El Camino Real de Tierra Adentro National Historic Trail. Financing for the project will consist of 4% Low Income Housing Tax Credits, tax exempt construction and permanent financing, seller financing provided by AHA, and a general partner loan by AHA. Project Based Voucher (PBV) contract will support all 96 units; 72 units supported with a RAD PBV contract and 24 units supported with a local PBV contract. AHA intends to maintain a fee interest in the land and provide a ground lease to the ownership entity.

DEVELOPMENT ECONOMICS INCOME All 96 units will have a project based operating subsidy. Seventy-two of the units will have a RAD PBV contract. Rent assumptions for these units reflect 2018 Modified RAD Rents. Twenty-four units will have a local PBV contract. Rent assumptions for the local PBV units reflect AHA’s Payment Standards. AHA will make use of the RAD / Section 18 “blend” provision to achieve a 75% - 25% distribution of RAD rents to local Payment Standards. Owner pays water, sewer, and trash. Tenants pay all other utilities. Vacancy is factored at 7% and rent escalation is 2%. EXPENSES Operating expenses are based upon actual performance of the real estate plus new expense resulting from a LIHTC and tax exempt bond financing. Additionally, replacement reserves are set at $300 PUPY. Expenses escalate at 3%. OPERATING METRICS The projected debt coverage ratio in year one is 1.39 and increases to 1.42 by year fifteen. The projected deferred developer fee can be fully paid within 3 years based on cashflow.

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DEVELOPMENT STRUCTURE The Commons at Martineztown will be owned by The Commons at Martineztown, LLLP, a New Mexico limited liability limited partnership, of which its sole managing member is AHA Martineztown GP, LLC, New Mexico limited liability company, of which AHA Housing Development Corporation, a New Mexico nonprofit corporation (also 501(c)3 designationpending), is the sole member, of which AHA, a public body corporate and politic of the State of New Mexico is the sole member. An allocation of approximately $493,347 in annual 4% credits is expected from the New Mexico Mortgage Finance Authority (MFA). A tax-exempt construction loan of approximately $7,500,000 paid down to a permanent loan of $3,357,055 is assumed. It is assumed that the tax-exempt debt will be paid down to a nominal amount ($5,000 to remain outstanding to maintain property tax exemption) at conversion and the permanent loan will be taxable, unless the lender determines that it is advantageous to maintain the permanent loan as tax-exempt. The tax exempt bond issuance by the County of Bernalillo will confer a property tax abatement to the project as the County will hold title to the property. The partnership will lease the property from the county and the lease payments will equal the payments on the outstanding bonds. The project is currently owned by AHA and operated as part of the agency’s Public Housing program. AHA has been awarded a Commitment to Enter into a Housing Assistance Payments (CHAP) from the US Department of Housing and Urban Development (HUD) under the Rental Assistance Demonstration Program (RAD). The seller and purchaser will enter into a Purchase and Sales Agreement for the sale of the building and all improvements. The purchase price is $3,250,000, which will be paid through a combination of cash (anticipated to be 10 percent of sale price) and seller subordinate financing. Sale price to be confirmed by an appraisal of the as-is value. AHA anticipates providing $500,000 in subordinate construction and permamnent financing payable from cashflow.

SITE & NEIGHBORHOOD OVERVIEW SITE OVERVIEW The Commons at Martineztown is comprised of ninety-six (96) units at three properties on adjacent sites:

1. 415 Fruit Ave NE: thirty-eight (38) one-bedroom units and community building serving seniors and households with disabilities,

2. 615 Arno NE: eight (8) one-bedroom units serving seniors and households with disabilities

3. 320 Roma NE: fifty (50) units consisting of fourteen (14) one-bedroom units serving seniors and households with disabilities; twenty (20) two-bedroom units, thirteen (13) three-bedroom units and three (3) four-bedroom units serving households with children.

The Fruit property consists of twelve residential buildings and a community building situated on 2.342 (2.7462) acres of land. The residential buildings were constructed in 1976 and have not

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been substantial rehabilitated. The community building was originally constructed in 1976 and was substantially remodeled and expanded in 2001. The Bernalillo County Tax Assessor identifies the property as tax lots 101405845907441901 and 101405848107541902 owned by the AHA. Zoning for the Property is classified as R-ML (residential multifamily low density). The Arno property consists of four residential duplexes situated on .713 acres of land. The residential buildings were constructed in 1977 and have not been substantial rehabilitated. The Bernalillo County Tax Assessor identifies the property as tax lots101405843405041222 owned by the AHA. Zoning for the Property is classified as R-ML (residential multifamily low density). The Roma property consists of twenty-five residential buildings and a community building situated on 3.224 acres of land. The residential buildings were constructed in 1974 and have not been substantial rehabilitated. The community building was originally constructed in 1974 and was substantially remodeled and expanded in 2000. The Bernalillo County Tax Assessor identifies the property as tax lots 101405741951813715 and 101405842012040501 owned by the AHA. Zoning for the Property is classified as R-ML (residential multifamily low density). Census Tract 21 is a HUD designated Qualified Census Tract. NEIGHBORHOOD OVERVIEW The site is located in the historic Martineztown neighborhood just east of downtown Albuquerque. Once an agricultural area, Martineztown has grown to a mix of residential, business and government buildings. As one of the oldest Albuquerque neighborhoods, Martineztown is rich in history and many of the descendants of original settlers are still living there. Once a way station for early travelers, Manuel’s Market now serves as a neighborhood store and community information distribution center where one can get food staples, neighborhood history lessons, an update on community events, and fresh tamales. In addition to being within one block of Manuel’s Market, The Commons at Martineztown is also located is within a ½ mile walk distance of: 1) Starbucks, 2) Carls Jr., 3) Empire Church, 4) Jackson Wink Gym (includes restaurants), 5) Bank of the West, 6) Walgreens Pharmacy 7) Shell convenience store, 8) Longfellow Elementary School, and 8) the Martineztown Park. A nice video highlighting the history of Martineztown can be found at: https://www.youtube.com/watch?v=hmqePQoQQFI

POPULATION & DEMAND OVERVIEW The Albuquerque metropolitan area is located near the geographic center of New Mexico, situated on a high plateau along the Rio Grande just west of the Sandia and Manzano Mountains. The city covers 188 square miles and serves as the state’s commercial, industrial, and transportation center. POPULATION As of 2010 US Census, the MSA had a population of 887,077. The population of the MSA is estimated to be 915,927 as of the July 1, 2018 Census estimate. The population of Census Tract 21 estimated at 1,293 comprising 788 households in the .5 square mile tract. The median household income of the census tract is $21,932 and 32.7% of the population is below the poverty line.

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DEMAND The properties comprising The Commons at Martineztown collectively averaged a 98.4% occupancy rate from 9/1/2018 to 9/30/2019. AHA’s public housing waitlist current includes 3,540 households. The Commons at Martineztown is an essential project to address the City’s most dire housing needs. The most common housing problem by far in the City of Albuquerque is being cost burdened and severely cost burdened. Of the 222,491 households in Albuquerque (census 2006), 82,495 households (37%) earn less than 80% of AMI ($47,989). Of these households, 20,374 renter households and 12, 299 homeowner households are severely cost burdened (spend >50% of income on housing costs). The majority of these severely cost burdened households (12,370 renter households and 4,220 homeowner households) are extremely low income, i.e. earn less than 30% of AMI. Supply of affordable housing units for Very Low and Extremely Low Income populations: There are 25,565 households in the City of Albuquerque earning 0-30% of AMI and only 4,040 units affordable to households at this income level. This equals a need for 21,525 additional housing units affordable to households earning 0-30 percent of AMI. There are 48,640 total households within the City with incomes under 50% of AMI. Of these households 26,949 are severely cost burdened. There are 20,400 housing units affordable to these income groups.

DEVELOPMENT DESCRIPTION Site and Existing Buildings The Commons at Martineztown consist of three sites; 615 Arno Street NE, 415 Fruit Avenue NE, and 320 Roma Avenue NE in Albuquerque, New Mexico. 615 Arno consists of four (4) single-story apartment buildings, 415 Fruit consists of twelve (12) single-story apartment buildings and one (1) community building, and 320 Roma consists of twenty five (25) one and two-story apartment buildings, one (1) single story community building, and one (1) single story storage building. The apartment buildings contain ninety six (96) dwelling units, with eight (8) units at Arno, thirty eight (38) units at Fruit, and fifty (50) units at Roma. The buildings were constructed in 1974 (Roma), 1976 with an addition to the community building in 2001 (Fruit), and 1977 (Arno), are situated on approximately 6.86 total acres, and feature an approximate gross area of 84,610 square feet. The Fruit community building features a leasing office that is used by the property manager and community room that is available to residents for gatherings or meetings. The community room also features a kitchenette with cabinets and countertops and a sink. Adjacent to the community room, the building features a commercial kitchen with a range/oven unit, microwave, and a refrigerator. The Fruit community building features a common laundry room. The laundry room features one (1) coin-operated top-loading washing machine, one (1) front-loading washing machine, and two (2) coin-operated gas dryers. The machines are owned by AHA. The Roma community building features a maintenance area for the storage of maintenance equipment and supplies accessible from the interior and exterior. Scope of Renovations General proposed scope of work: new exterior finishes, complete window replacement, roof replacement, new cabinetry, new flooring, selective appliance replacement, new interior finishes, drought tolerant landscaping, new entry doors, rehabilitated community buildings, new site amenities, selective replacement of domestic hot water heaters and furnaces, and revise site pedestrian circulation. The scope of work for the Fruit community building will be limited to

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minor accessibility modifications, fresh interior finishes and roofing. The scope of work for the Roma community building will be more significant including the creation of a laundry room, a community room, and two offices. The rehabilitated project will be certified Build Green NM Silver. Project Design Goals Buildings:

Use of low maintenance and durable materials

Improved building energy efficiency Increased resident comfort and

indoor air quality Noise abatement Resident safety and security Adaptable for disabilities Facades fit with neighborhood

context Cost efficient materials and design Cost containment in design and

construction processes

Site:

Accessible routes to community buildings

Low maintenance landscape Crime prevention through

environmental design Landscape that fits with

neighborhood context and recognizes connection to Camino Real

Traffic noise abatement

COST The total development cost for The Commons at Martineztown, including acquisition, is $13,448,650, or $140,090 per unit. The construction budget is $6,876,386 (or $71,629 per unit). A 10% owners’ contingency is included within the construction budget. RELOCATION AHA ceased leasing units upon vacancy starting in July 2019. AHA anticipates turning over blocks of approximately 12 to 20 units at a time to the selected contractor for rehabilitation. Contractor will complete each block of 12 to 20 units within a 4 to 5 month period. AHA intends to temporarily relocate tenants to other public housing properties as needed to create the vacancies needed for the rehabilitation. AHA is in the process of selecting a third party firm to assist with the management the relocation to minimize the impact of the rehabilitation process on residents, to ensure compliance with Uniform Relocation Assistance and Real Property Acquisition Act (URA) and any other applicable regulations, and minimize the need to re-leasing of units to new tenants so rehabilitated units can be LIHTC qualified as quickly as possible. The development budget includes $275,000 for anticipated relocation expenses. DEVELOPMENT SCHEDULE Schematic Design August 2019 75% Drawings October 2019 Construction Drawings December 2019 General Contractor RFP December 2019 General Contractor Selection January 2020 Financing/Partnership Closing March 2020 Construction Start April 2020 Construction Complete March 2022

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DEVELOPMENT TEAM DEVELOPER & GENERAL PARTNER ALBUQUERQUE HOUSING AUTHORITY Albuquerque Housing Authority (AHA) is one of New Mexico’s premier housing authorities as well as the State’s largest. AHA is a public entity that was formed in 1967 to provide federally subsidized housing and housing assistance to low-income families within the City of Albuquerque. AHA currently provides direct and indirect support to over ten thousand individuals in the City of Albuquerque to access quality housing, to become engaged in their neighborhoods, and to build vibrant communities. AHA is headed by an Executive Director (ED) and is governed by a five-person board of commissioners. The 67 AHA staff member are divided among six main divisions: administration, finance, public housing, inspections, Section 8, and maintenance. AHA currently owns and manages 26 public housing developments, including multifamily and senior apartments and single family homes (scattered sites) totaling approximately 945 units throughout the municipal limits of the City of Albuquerque. All of these properties operate as Public Housing and offer rental assistance to the families that reside in them. AHA’s public housing staff directly manages all of AHA’s housing public housing stock. AHA’s maintenance department conducts regular maintenance for public housing and AHA maintains contracts with multiple vendors to provide additional specialized maintenance functions. In 2018 AHA successfully completed (with Wishrock Investment Group as co-developer) the agency’s first development project in over 30 years with the acquisition and rehabilitation of Rio Vista Apartments, a subsidized 75-unit senior housing project. AHA’s Section 8 division administers approximately 4,000 Section 8 housing choice vouchers as well as Veterans Affairs Supportive Housing (VASH) housing choice vouchers. All homes rented by housing choice voucher clients, as well as AHA’s public housing, are inspected by AHA’s inspection staff to ensure that the homes meet the housing quality standards of 24 CFR 982.401 - Housing quality standards (HQS). AHA, a public body corporate and politic of the State of New Mexico, will act as developer through the AHA Housing Development Corporation, a New Mexico nonprofit corporation (also 501(c)3 designation pending), of which AHA is the sole member. ARCHITECT THOMAS GIFFORD ARCHITECT Thomas Gifford Architect (TGA) is an innovative architecture and urban design firm based in Santa Fe, and established in 2003. Award-winning work by Thomas Gifford includes multifamily affordable housing, mixed use, one of a kind residential work, live/work lofts, commercial work and ecclesiastical buildings. TGA has professional licenses in New Mexico, Colorado, and nationwide NCARB licensure. A resume is attached. GENERAL CONTRACTOR TBD As a public entity, the AHA and its closely-related entities are subject to New Mexico public bidding requirements. The public bidding requirements applicable to the selection of a general contractor and subcontractors apply to this Project. The resulting bids will be used to establish a Guaranteed Maximum Price Contract.

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PROPERTY MANAGEMENT ALBUQUERQUE HOUSING AUTHORITY Albuquerque Housing Authority, through a management agreement with the project owner, will provide daily management and maintenance services. Currently, AHA manages over 25 housing developments containing approximately 945 units of public housing and administers approximately 4,000 Housing Choice vouchers. Matthew Archuleta, AHA’s Public Housing Manager will head the management team and Andrew Estocin will be the on-site property manager. Mr. Archuleta has over 30 years of affordable housing management experience with programs including, among others, project-based Section 8 voucher contracts, project-based rental assistance contracts, USDA-RD subsidized properties and LIHTC programs. Resumes are attached. LEGAL MENDEL BLUMENFELD LLP, AND RENO CAVANAUGH Robert Blumenfeld of Mendel Blumenfeld LLP and Megan Glasheen of Reno Cavanaugh will be AHA’s lead attorneys for the acquisition and rehabilitation of The Commons at Martineztown. Resumes are attached. RAD CONSULTANT DOMINION DUE DILIGENCE GROUP Dominion Due Diligence Group (D3G) will provide technical assistance and consulting related to the RAD conversion process and requirements. A corporate resume is attached.

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PROPOSAL PROCESS SELECTION PROCESS AND CRITERIA AHA will evaluate each proposal based on the criteria and scoring set forth in the following sections. AHA will determine which are the most competitive proposals received. After determination of the competitive range, only those firms that scored within the competitive range will advance. Interviews may be held at the discretion of AHA. At the interviews, if conducted, each firm may be asked to clarify specific aspects of their proposal and to answer any questions on the proposal’s content. AHA may provide a set of questions in advance of the interview to be answered by each firm at the interview. Following interviews, AHA may re-score proposals based on both the written proposal and the interview. Prior to re-scoring, AHA may request that Proposers submit written statements amending their proposals in the form of a best and final offer. Following re-scoring, AHA will identify the highest scoring proposal and make a recommendation to enter negotiations with the Selected Investor and Selected Lender(s). PROPOSAL/SELECTION SCHEDULE A schedule for the selection of an investor and lender is included here. Task Date Publish Debt & LIHTC Equity Solicitation 10/25/2019 Deadline for questions 11/8/15 Proposals due 11/15/2019 Analysis of responses complete 11/19/2019 Interviews with selected lender and investor 11/20-21/2019 Best and Final Offer due 11/25/2019 Select lender and investor 11/26/2018 Sign Letter of Intent 12/2/2019 Close partnership 3/31/2020 Tax Credit Investor Criteria Points 1. Price and Pricing Considerations Amount of equity to be invested, anticipated pay-in schedule, credit amounts assumed, adjusters, and fees and expenses

45

2. Non-Pricing Considerations Terms and conditions of the investment including guarantee provisions, operating and other reserve requirements, insurance requirements, back-end taxes, terms of purchase option and right of first refusal

20

3. Closing Considerations Reasonability of due diligence requirements, process for getting approvals to close, demonstrated track record of the Respondent and its team members in closing in a timely and effective manner, comprehensiveness of proposal

20

4. Relevant Experience Experience in syndication or placement of low-income housing tax credits including, without limitation, experience and interest in the ownership of housing for the benefit of very low income residents; and experience with similar developments

15

Total 100

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Lender Criteria Points1. Upfront and Ongoing Borrowing Costs Application, origination, commitment, extension, and any other fees; expenses including legal costs, third-party reports, and credit enhancement and rating costs; loan interest rate and corresponding ongoing borrowing cost

40

2. Loan Amount and Terms Loan amount, loan sizing parameters such as LTV and coverage ratios, underwriting requirements, security provisions, guarantee provisions, operating and other reserve requirements, prepayment provisions; insurance requirements

20

3. Closing Considerations Reasonability of due diligence requirements, process for getting approvals to close, demonstrated track record of the Respondent and its team members in closing in a timely and effective manner, comprehensiveness of proposal

30

4. Relevant Experience Experience making affordable multi-family housing loans involving public housing authorities or non-profit developers including, without limitation, experience in Oregon and similar developments.

10

Total 100

PROPOSAL CONTENT FOR LIHTC INVESTORS Proposals from tax credit investors must address each of the items below as Section A - Q. Please follow the order shown below or, less preferably, use a different order but provide an index cross-referencing the order below to that of your letter. Respondents should set out any assumptions that differ from those included in this Solicitation.

A. PAY-IN AMOUNT State your total proposed capital contribution, quoted as both a total dollar amount and a price per tax credit assuming the following credit amounts: $493,347 total / $493,297 investor’s 99.99% share of annual 4% credits. The attached pro-forma reflects conservative dollar amounts of tax credit equity to be raised. AHA anticipates receiving offers in excess of those shown in the pro-forma.

B. CREDIT DELIVERY ASSUMPTIONS State your assumptions for the amounts of credits delivered to the limited partner for each year prior to full annual credit delivery. Construction is anticipated to end in March 2022. Given the nature of the semi-occupied rehab, we are assuming residents to be certified during construction. Please discuss any potential early credit delivery adjusters, upward timing adjusters and equity caps. More competitive proposals will cap tax credit adjusters relating to a reduction in credits at the amount of the paid developer fee.

C. PAY-IN SCHEDULE Please provide your proposed pay-in schedule by stating the percentage of total equity that each payment represents, the calendar date you have assumed for each pay-in, and all conditions (including any administrative ones) precedent to each pay-in. Describe also the purposes to which you would restrict the spending of each pay-in, if any (e.g. construction costs, reserves, developer fee, etc.). Please note AHA is assuming a “base case” pay-in schedule of 10% at closing, 15% at construction completion and 75% at stabilized occupancy (expected to be August 2022). Respondents are welcome to provide additional pay-in scenarios as alternates to the base case.

D. ADJUSTERS Describe any capital contribution adjustment provisions if there is an increase or reduction in credits and/or acceleration or delay in credit delivery. Note whether there are limits on any

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adjustments. More competitive proposals will cap tax credit adjusters relating to a reduction in credits at the amount of the paid developer fee.

E. FEES AND EXPENSES Describe the amount and type of any upfront or ongoing fees to the investor such as an annual asset management fee. Note whether any fees would escalate over time and, if so, by what amount. For ongoing fees, if the payment source and/or priority are not described in the cash flow distribution provided elsewhere in your proposal, describe the relevant provisions here. Describe also the amount and character of any upfront or ongoing expenses for which you would require reimbursement. Assume that your legal counsel will provide the tax opinion. Describe any fees that would be paid to the managing member, such as an incentive lease-up or incentive management fee. Also include the payment schedule and amount of the developer fee and any associated conditions with each installment. Note that any fees and amounts shown in the attached pro-forma are initial assumptions and please propose your requirements.

F. GUARANTEES AND NET WORTH REQUIREMENTS Describe the terms of each guarantee that you will require. State the name of the guarantor, guarantee amount (including any cap), timing and conditions for reduction and/or termination of the guarantee, and any reimbursement provisions for payments made on the guarantee. No guarantee of “projected losses” upon acquisition of the property at the end of the compliance period will be provided. AHA is limited by HUD regulations to using its unrestricted non-federal funds to satisfy guarantees. Please acknowledge in your response. Best offers will have minimal guarantee requirements. Please indicate if you require mandatory repurchase and, if so, please acknowledge in your proposal that the price of such repurchase may not exceed the amount of paid capital contributions. More competitive proposals will also: i) cap the guaranties at a negotiated portion of the developer fee to be earned and paid; ii) limit any operating deficit guaranty to not more than 6 months of operating expenses (including debt service) and to a three year term beginning at break-even operations; and will not impose minimum net worth requirements. Please state requirements related to all of the above.

G. RESERVES Describe your required reserves, indicating the amount of each reserve, the timing of funding each reserve, any escalator in any annual funding requirement, any conditions for reducing or eliminating the reserve, who holds the reserve, and to whom the reserve is released at liquidation and at sale or refinancing. Note that the reserves reflected in the attached financial projections are intended to be conservative initial assumptions; proposals for lower amounts will be viewed favorably in the evaluation process so respondents are encouraged to propose their minimum requirements. Note also that AHA strongly desires that any reserves be released to AHA to repay AHA debt prior to the end of the compliance period and, whether the reserves repay AHA debt or remain

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with the project, the reserves should clearly excluded from any calculation of the fair market value of the development for the purposes of determining any purchase option price.

H. CASH FLOW AHA prefers to retain as much of the net cash flow after obligations as possible. Please indicate your proposed split of remaining cash flow between AHA and the Investor, both during the compliance period and upon sale or refinancing. Include any priority payments that you will require.

I. BACK-END TAX PROJECTION Along with your assumptions for depreciation, capital accounts and capital reserves, please explain your projected back-end tax liability and resulting forecast of exit tax. Indicate if you will require or prefer the Seller Financing be disaffiliated. If you are willing to take steps to structure the transaction to limit or eliminate projected back end tax liability, please describe these steps and their expected effect, if any, on your price. Note that AHA strongly desires to have no back-end tax liability and is open to alternative structures to maximize yield while still having no liability.

J. INSURANCE REQUIREMENTS Describe your insurance requirements and, specifically, whether any special (e.g., earthquake, mold, terrorism) insurance coverage will be required.

K. PROPERTY MANAGEMENT REQUIREMENTS Please indicate any requirements related to property management.

L. END OF COMPLIANCE PERIOD State whether you are willing to provide AHA or any potential 501(c)(3) nonprofit affiliate with a purchase option and right of first refusal and, if so, the terms of each. Please include both the prices and the timing limits on exercise, and state what if anything would happen to the purchase option and right of first refusal if AHA were removed as general partner. The desired purchase option price is the balance of debt. A specific purchase option price is negotiable. However, in no instance will AHA pay more than the property’s fair market value assuming ongoing affordability restrictions and deducting customary brokerage commissions. AHA will not accept any purchase option provisions that would require it to pay for projected losses. AHA desires an option to purchase the property that continues for at least three years, beginning in year 15, and a right of first refusal at any time following the end of the 15-year initial compliance period. AHA prefers there not be a put option requiring the sale of the property if the option to purchase is not exercised, and will not view favorably a put option with a trigger date before the expiration of the AHA purchase option that is in excess of payment of other liabilities, exit taxes, etc. For public policy reasons, AHA or its affiliate retain its purchase option and right of first refusal even in the extremely unlikely event they are removed as general partner. AHA would be willing to consider a proposal that required them to reimburse an investor’s direct costs of removing AHA as general partner in order to retain the purchase option and right of first refusal. Please include as an attachment to your response, your option and right of first refusal agreement and standard LPA repurchase provisions.

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So long as it is consistent with Section 42 of the Internal Revenue Code, AHA shall have the right to trigger the option and/or right of first refusal without investor consent or approval or additional investor requirements.

M. REPORTING AND AUDIT REQUIREMENTS

Provided a detailed summary of your reporting requirements, including due dates and penalty provisions, if any. Please note that our desired cycle times for recurring reports are: quarterly reports within 30 days from the end of the quarter and annual audits within 75 days from the end of the calendar year. AHA accounting for the limited partnerships will be performed on accrual basis only.

N. DUE DILIGENCE AND CLOSING REQUIREMENTS AHA intends to close the financing on the date noted in the Schedule section above. Please indicate your ability and willingness to meet these projected closing dates. Describe your internal approval process, due diligence requirements and all other requirements or processes that AHA should anticipate as a requisite to closing. Describe any limiting conditions on your proposal such as time required to obtain approvals from the ultimate investor or internal committees. AHA prefers that no investor be included in the limited partnership that has a separate review and approval of deal terms beyond those of the syndicator. If you are proposing such an investor for this transaction, please name them and describe that investor’s review and approval rights.

O. OTHER REQUIREMENTS

HUD Requirements. Please note that the project will be subject to HUD use restrictions in the form of a RAD use agreement and Section 18 use restrictions (if applicable) that may be incorporated into the ground lease or a separate restrictive covenant.” The RAD use agreement is self-explanatory. Check the Section 18 disposition approval to determine if there are separate restrictive covenants that HUD SAC is imposing. Lender Requirements. Please recite any requirements relating to the conventional and permanent debt to be used to finance the rehabilitation, including rates, terms, identity of lenders, debt service coverage ratios, etc. Lender Affiliation. If an affiliate of the investor is also submitting a proposal to be a lender for the project, please disclose this.

P. INVESTOR COUNSEL Provide the name of the firm(s) and the individual lawyer(s) that would be used to represent the investor. Include a detailed summary of the individual lawyer’s experience relevant to this project.

Q. DISAFFILIATION Please indicate if your investment will require the ownership entity to be disaffiliated from the seller. If so, what is the maximum amount of interest AHA could retain in the sole managing member entity.

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PROPOSAL CONTENT FOR LENDERS As further described in the Proposal Submittal Details in this Solicitation, proposals from lenders must address each of the items below. To facilitate evaluation, proposals should be organized in the order of the outlines set forth below. Please identify the issue being addressed in the introduction to each of your responses. Respondents should set out any assumptions that differ from those included in this Solicitation. Note that there are separate requirements for direct lenders and bond underwriters. The following items pertain to prospective Construction Lenders.

A. FIRM EXPERIENCE Describe your firm’s recent experience making similar loans. In CY2020, what was the number and dollar volume of multifamily rental loans your firm made? Indicate your experience with other housing authority borrowers.

B. INDIVIDUAL EXPERIENCE Indicate the individual who would serve as loan officer and describe their relevant experience. Also, indicate who would serve as your legal counsel and include a detailed summary of the individual lawyer’s experience relevant to this project.

C. FINANCING STRUCTURE AND FEES AND COSTS Please provide a Term Sheet including, but not limited to: a. Description of the proposed loan b. Loan amount proposed, and maximum potential loan amount that could be underwritten c. Indicative rate as of November 1, 2019, and describe the index and spread used for the rate d. Term e. Amortization Period f. For a construction loan, term and any extension provisions and related fees g. Any interest rate reset terms h. Security and/or collateral requirements i. All applicable underwriting ratios and requirements for the project and borrower j. A description of the underwriting process, including approximate time needed to complete the financing and key approvals required. k. Prepayment provisions l. Fees and expenses, including the fees of your legal counsel

D. REFERENCES Please list at least three clients for whom your firm has recently served as Lender. Provide contact information including name, title, affiliation, phone number and e-mail address.

E. INDIVIDUAL EXPERIENCE Indicate the name of the person that would be the primary contact for the financing, and describe their relevant experience. Describe any other team members who would work on this transaction such as other banking staff and the underwriter, indicating their roles, relevant experience, and office locations. Also, who would serve as your underwriter’s counsel?

F. FINANCING APPROACH Based upon the information provided herein, please provide a description of your recommended financial structure for the transaction and any notable alternatives. This section should include, but not be limited to: a. A description of the proposed structure

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b. Loan amount proposed, and maximum potential bond amount that could be underwritten c. Indicative rate as of November 1, 2019, and describe the index and spread used for the rate d. Term e. Amortization period f. Any interest rate reset terms g. Security and/or collateral requirements h. All applicable underwriting ratios and requirements for the development and borrower i. A description of the underwriting process, including approximate time needed to complete the financing and key approvals required j. Prepayment provisions k. Serial and term bond structure

G. FEES AND EXPENSES Clearly indicate all fees and expenses related to your participation and that of your underwriter’s counsel. For each item, include both the calculation basis, if applicable, and the dollar amount assuming the financing amounts described herein. Provide a breakdown of your proposed underwriter’s discount into management fee, takedown, and expenses. Indicate whether expenses are capped and, if so, at what level. Include a quote for remarketing fees in the event the financing includes variable rate bonds.

H. GROUND LEASE Please acknowledge the following in your response: AHA intends to lease the development site to the project owner pursuant to long term ground lease. It is AHA’s preference that the lender’s security instrument be recorded on the project owner’s leasehold interest and not on AHA’s fee interest. Please detail in your response whether you will accept this leasehold security and any additional underwriting requirements that you may impose as a result.

I. HUD REQUIREMENTS Please acknowledge the following in your proposal: This will be a HUD Rental Assistance Demonstration and Section 18 blended deal. Therefore, there will be a HUD RAD use agreement and possibly Section 18 use restrictions recorded against the property. The HUD RAD use agreement (as modified by the HUD-form lender rider) (collectively, “RAD Use Agreement”) will be recorded against the development site and will specify restrictions related to the RAD units. The lender hereby consents to the RAD Use Agreement and acknowledges that the lender’s security instrument shall be subject and subordinate to the RAD Use Agreement and, if applicable the Section 18 use restrictions. Guarantees. AHA is limited under HUD requirements to using its unrestricted non-federal funds to satisfy guarantees. Please acknowledge in your response. Best offers will have minimal guarantee requirements.

J. INVESTOR AFFILIATION If an affiliate of the lender is also submitting a proposal to be an investor for the project, please disclose this.

K. REFERENCES Please list at least three clients for whom your firm has recently provided construction or permanent financing. Please provide contact information including name, title, affiliation, phone number and e-mail address.

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SUBMISSION REQUIREMENTS

A. Solicitation This Solicitation sets forth the minimum requirements that all proposals shall meet. Failure to submit proposals in accordance with this request may render the proposal unacceptable. AHA reserves the right to analyze, examine and interpret any proposal for a period of not more than 60 days, commencing from the proposal due date and time noted herein.

B. Content of Proposals Proposals shall be prepared simply and economically, providing a straightforward, concise description of Proposer’s capabilities to satisfy the requirements of the Solicitation. Submission of technical literature, charts or other supplemental materials is within the discretion of the Proposer, and should directly address the Evaluation Criteria. Responses to the submittal items listed below should not exceed 20 single- sided pages for investor proposals and 20 single-sided pages for lender proposals. Attachments, resumes, and pro-forma financials are not counted within the 20 page maximum.

Proposal contents shall conform to the following required sections: A. Introductory Email

This email subject line must state The Commons at Martineztown Lender Investor Proposal. The body of the email should summarize what specific financing role(s) the proposal is for, indicate whether the proposal is from multiple firms working jointly and, if so, the nature and previous collaboration efforts of that team, and state that the proposal is valid for a minimum of 90 days. The email must also acknowledge receipt of any addenda, if any. Respondents may also wish to provide a concise summary of the Proposer’s organization and generally introduce AHA to the capabilities of the firm.

B. Letter of Intent (Investors) or Term Sheet (Lenders) For potential LIHTC investors, the Letter of Intent must fully respond to the items described in the section called, Proposal Content for LIHTC Investors. The LOI format should follow the order set forth in this section.

For potential lenders, the Term Sheet must fully respond to the items described in the section called, Proposal Content for Lenders.

C. Submission of Proposals

Proposals shall be submitted by November 15, 2019 at 5:00 PM Mountain Daylight Time. Proposers should email one electronic file in a PDF format containing all submission materials. Submit proposal via email to Linda Bridge at [email protected]. A reply acknowledging receipt of the proposal will be sent. To ensure proper identification and receipt, state The Commons at Martineztown Lender Investor Proposal in the subject line of the email.

D. Changes to the Solicitation AHA reserves the right to make changes to this Solicitation. Any changes to the Solicitation shall be made by written addendum. A prospective proposer may request clarification to this Solicitation at any time before the deadline for written questions, on November 8, 2019. AHA will answer these questions in the form of one or more written addenda to this Solicitation. Any addenda shall have the same binding effect as though contained in the main body of this Solicitation. Verbal instructions or information concerning this Solicitation or the development given out by AHA managers, employees, or agents to prospective proposers shall not be binding

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. Addenda, if any, will be emailed to the same list of potential investors and lenders that receive the initial Solicitation and posted on AHA’s website (abqha.org). Please email Linda Bridge at [email protected] to be added to the distribution list.

E. Cost of the Proposals Costs incurred by any proposer in the preparation of its response to the Solicitation are the responsibility of the proposer and will not be reimbursed by AHA. Proposers shall not include any such expenses as part of their proposals. Moreover, AHA may at any time in its sole discretion, prior to the financial closing, cancel the selection of the Selected Investor and/or Selected Lender. In such event, AHA and the Selected Investor and/or Lender shall bear their own costs and expenses incurred prior to such termination or cancellation, including, without limitation, legal fees, to the extent not explicitly agreed to in advance and funded through a deposit by AHA prior to any such termination or cancellation.

F. Form of Solicitation For tax credit investors, acceptance of the Selected Investor’s proposal for the investment specified herein will be initially evidenced by a Letter of Intent (“LOI”) to be finalized within 30 days of the date that the Selected Investor is notified of its selection. Upon execution of a LOI, the parties will work in good faith to finalize the partnership agreement and other documents effecting the terms of the investment, all in form and content satisfactory to AHA and the Selected Investor (collectively, the "Partnership Documentation"). For lenders, acceptance of the Selected Lender’s proposal for the loan specified herein will be initially evidenced by execution of a loan commitment letter to be finalized within 30 days of the date that the Selected Lender is notified of its selection. Upon execution of the loan commitment, the parties will work in good faith to finalize the loan documentation, in form and content satisfactory to AHA and the Selected Lender (collectively, the “Loan Documentation”).

G. Assignment or Transfer The successful respondent shall not assign or transfer any interest in the Partnership Documentation or Loan Documentation in whole or in part, without prior written approval of AHA.

H. Late Proposals All proposals that are not received by the deadline stated in this Solicitation will be deemed late and will not be considered.

I. Clarifications to Proposals AHA reserves the right to obtain clarification of any point in a firm’s proposal or to obtain additional information necessary to properly evaluate a proposal. Failure of a proposer to respond to such a request for additional information or clarification could result in rejection of that firm’s proposal.

J. Solicitor Options AHA reserves the right at any time without liability, in its sole discretion and for any reason, to do any or all the following: 1. Cancel and/or reissue the Solicitation, in whole or part, and/or reject all proposals; 2. Reject, in whole or in part, any or all proposals received in response to this Solicitation that are incomplete and/or non-responsive; 3. Waive or correct any immaterial defect or technical error in any response, proposal or proposal

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procedure, as part of the Solicitation or any subsequent negotiation process; 4. Request that certain or all respondents to this Solicitation clarify, supplement or modify certain aspects of the information or proposals submitted; and/or 5. Extend deadlines for accepting proposals, request amendments to proposals after expiration deadlines or negotiate or approve final agreements. The determination of the criteria and process whereby responses are evaluated, the decision as to who shall be selected, or whether or not a selection shall be made as a result of this Solicitation, shall be at the sole and absolute discretion of AHA. AHA shall not select any entity that is determined not responsible to perform or that has been suspended, debarred or otherwise determined ineligible to receive an award.

K. Requirements and Conditions A tax credit investor will be required to develop a partnership agreement, purchase option and right of first refusal, and other ancillary agreements to govern the operation of the proposed partnership and investment of the investor’s capital contributions. The investor will work in conjunction with AHA, and their legal and financial advisors in doing so, and will assist in providing review and comment on other parts of the overall financing. The tax credit investor will coordinate with its own counsel in preparing the tax opinion for the transaction. The tax credit investor shall share third-party reports with the lender(s) to streamline due diligence and minimize related costs.

The Selected Investor must be able to represent the following at closing:

The Selected Investor will certify they have not been barred from investing in this development by any federal department or agency.

The Selected Investor (has conducted its own financial and legal analysis of the investment. The Selected Investor understands the risks of the investment, has evaluated the merits and risks of making the investment and has determined that the investment is a suitable for the Investor. The Selected Investor acknowledges that no representations or commitments of any kind (except those expressly contained in the limited partnership agreement and related documents) relating to the investment have been made by AHA or any person acting on their behalf or have been relied upon by the Selected Investor.

The Selected Investor can bear the economic risk of losing the entire investment. The Selected Investor understands that the investment will not be registered under the

Securities Act of 1933, as amended (the "Act"), or the securities laws of any state, and the investment will be offered and sold in reliance upon an exemption to such registration, subject to substantial restrictions on transfer.

The Selected Investor understands that no public or private market for the investment is likely to develop. The Selected Investor further understands that:

AHA nor related limited partnerships have any obligation or intention to register the investment for resale under any federal or state securities laws or to take any action (including the filing of reports or the publication of information required by Rule 144 under the Act) that would make available any exemption from the registration requirements of such laws; and

The Selected Investor may be precluded from selling or otherwise transferring or disposing of any of the investment for an indefinite period of time or at any particular time and may be required to bear the economic risk of the investment for an indefinite period of time.

The Selected Investor further acknowledges that the investment may not be sold without compliance with all relevant provisions of the limited partnership agreement. The

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Selected Investor also acknowledges that it will be responsible for compliance with all conditions on transfer imposed by any blue sky or state securities law administrator and will hold the limited partnership and AHA harmless from any breach thereof by the Selected Investor.

If the Selected Investor is a corporation, partnership, trust or other entity, it is authorized and qualified to become a limited partner in, and authorized to make its capital contribution to, the limited partnership and it has not been formed solely for the purpose of making the investment, or if it has been formed solely for the purpose of making the investment, then all of the beneficial interests in such entity are owned by entities that otherwise would be able to satisfy the representations required herein of the Selected Investor.

The Selected Investor has had the opportunity to examine all material books and records and all material documents relating to the proposed transaction and to ask questions of, and receive answers from, the officers and other representatives of AHA concerning its operations, the terms and conditions of the investment and any other matter relating to the limited partnership or the investment, and to obtain any additional information which AHA possesses or can acquire without unreasonable effort or expense.

The Selected Investor has such knowledge and experience in financial and business matters, and specifically in tax credit syndications and low income housing tax credits, that it can evaluate the merits and risks of its investment in the Partnership and of making an informed investment decision, and the Selected Investor has obtained, in its judgment, sufficient information to evaluate the merits and risks of such investment.

The Selected Investor acknowledges that, if it is making the investment in a fiduciary capacity, the above representations and warranties shall be deemed to have been made on behalf of the person or persons for whom the Selected Investor is so purchasing. Lenders providing construction financing will have the following responsibilities, without limitation:

Working in conjunction with the AHA, any AHA consultants and/or legal counsel to advise and assist AHA in formulating and executing a construction financing plan that best accomplishes the purposes of the financing at the lowest possible upfront and ongoing cost and most favorable terms for the borrower.

Assist lender’s counsel in preparing documentation for the financing. Share third-party reports with the tax credit investor to streamline due diligence

and minimize related costs. - END OF SOLICITATION MATERIALS -

2019 MFA MULTIFAMILY PROJECT APPLICATIONSCHEDULE A: DEVELOPMENT COST BUDGET

Project Name: Date: 10/25/2019Total Units: 96 Low Income Units: 96

*Round figures to nearest dollar FEDERAL HTC REQUESTS ONLYRESIDENTIAL COSTS ONLY

TOTAL ACTUAL ACQUISITIONREHAB/NEW

CONSTRUCTIONCOST BASIS BASIS

Land Acquisition

Building Acquisition 3,250,000 3,250,000

Other (a)

SUBTOTAL 3,250,000 - - 3,250,000 -

Demolition (I) - - - - -

Accessory Structures (II) - - - - -

Site Construction (III) 291,000 - 291,000 - 291,000

Buildings and Structures (IV) 4,847,041 - 4,847,041 - 4,847,041

Off-Site Improvements (V) - - -

Other Costs (VI) 115,806 - 115,806 - 115,806

SUBTOTAL (VII) 5,253,847 - 5,253,847 - 5,253,847

Contractor Overhead 135,212 135,212 135,212

Contractor Profit 405,635 405,635 405,635

General Requirements 405,635 405,635 405,635

Construction Contingency 676,058 676,058 676,058

Gross Receipts Tax (GRT)

Landscaping

Furniture, Fixtures, & Equipment

Other (b)

SUBTOTAL 1,622,539 - 1,622,539 - 1,622,539

Architect (Design) 420,250 420,250 420,250

Architect (Supervision)

Attorney (Real Estate) 125,000 125,000 125,000

Engineer/Survey 33,114 33,114 33,114

Othe RAD Consultant 21,200 21,200 21,200

SUBTOTAL 599,564 - 599,564 - 599,564

Hazard Insurance

Liability Insurance 20,000 20,000 20,000

Performance Bond

Interest 140,250 140,250 140,250

Origination\Discount Points

Credit Enhancement

Inspection Fees

Title and Recording 50,000 50,000 50,000

Legal 35,000 35,000 35,000

Taxes

Other (d)

SUBTOTAL 245,250 - 245,250 - 245,250 --CONTINUED ON NEXT PAGE--

FOOTNOTES 4) Subtotal from Section IV. Schedule "D"

1) Subtotal from Section I. Schedule "D" 5) Subtotal from Section V. Schedule "D"

2) Subtotal from Section II. Schedule "D" 6) Subtotal from Section VI. Schedule "D"

3) Subtotal from Section III. Schedule "D" 7) Subtotal from Section VII. Schedule "D" Page 1 of 2


PROFESSIONAL SERVICES/FEES

CONSTRUCTION FINANCING

COMMERCIAL RESIDENTIAL

ACQUISITION COSTS

OTHER CONSTRUCTION COSTS

TOTALS FROM SCHEDULE "D" CONTRACTOR'S AND MORTGAGOR'S COST BREAKDOWN

2019 MFA MULTIFAMILY PROJECT APPLICATIONSCHEDULE A: DEVELOPMENT COST BUDGET

Project Name: Date: 10/25/2019Total Units: 96 Low Income Units: 96

*Round figures to nearest dollar FEDERAL HTC REQUESTS ONLYRESIDENTIAL COSTS ONLY

TOTAL ACTUAL ACQUISITIONREHAB/NEW

CONSTRUCTIONCOST BASIS BASIS


COMMERCIAL RESIDENTIAL

Bond Premium -

Credit Report -

Origination\Discount Points 50,000

Credit Enhancement

Title and Recording 50,000 Legal 25,000 Costs of Bond Issuance

Pre-Paid MIP

Reserves and Escrows

Other (e) -

SUBTOTAL 125,000 - -

Market Study 8,500 8,500 8,500

Enviromental 37,000 3,700 37,000

Tax Credit Fees 20,000

Appraisal 15,000 15,000 15,000

Hard Relocation Costs 200,000

Accounting/Cost Certification 20,000

Other (f) 81,950

SUBTOTAL 382,450 - 27,200 - 60,500

Organization 25,000

Bridge Loan

Tax Opinion

Other (g) -

SUBTOTAL 25,000 - -

11,503,650 - 7,748,400 3,250,000 7,781,700

Rent Up

Operating 320,000

Replacement 50,000

Escrows/Working Capital

Other (h)

SUBTOTAL 370,000 - - - -

Developer Fee 1,500,000 1,500,000 362,490 1,137,510

Consultant Fee

Relocation Consultant 75,000 SUBTOTAL 1,575,000 - 1,500,000 362,490 1,137,510 Total Development Cost TDC) 13,448,650 - 9,248,400 3,612,490 8,919,210 0.24166

Page 2 of 2

RESERVES

DEVELOPER FEES

PERMANENT FINANCING COSTS

SOFT COSTS

SYNDICATION

TDC before Dev. Fees & reserves

Applicant is required to provide detail on each "Other" row.

ACQUISITION COSTS [Other (a)]

DESCRIPTION OF COST AMOUNT

TOTAL -

OTHER CONSTRUCTION COSTS [Other (b)]


Permits and impact fees 39,750

Payment and performance bonds 76,056

TOTAL 115,806

PROFESSIONAL SERVICES/FEES [Other (c)]


RAD Consultatnts 21,200

TOTAL 21,200

CONSTRUCTION FINANCING COSTS [Other (d)]


TOTAL -

PERMANENT FINANCING COSTS [Other (e)]


Project Name: The Commons at Martineztown Date: 10/25/2019

Contact Person Construction Permanent Interest

Financing Sources Lender/Program Name/Telephone No. Amount Amount Rate Amount Frequency Amort. Yrs. Loan Yrs.

First Mortgage TBD 7,500,000 3,357,055 5.00% 16,960 monthly 35 18

Second Mortgage AHA Seller Takeback Financing 2,925,000 2,925,000 AFR cashflow annual 30 30

Third Mortgage AHA Loan 500,000 500,000 AFR cashflow annual 30 30

Other Mortgage

Other Mortgage

Grant

Grant State of NM Capital Outlay 1,500,000 2,000,000

Deferred Developer Fee 574,749 177,586

Subtotal: 12,999,749 8,959,641

Other Equity

Other Equity

Tax Credit Proceeds TBD 448,901 4,489,009

Total: 13,448,650 13,448,650

Date AmountIntial Installment 3/31/2020 448,901

Are you willing to defer your developer fee without interest, if MFA's evaluation results in a need to do so? 2nd Installment 3/1/2022 673,351Yes 3rd Installment 8/1/2022 3,366,757

If you plan to issue bonds, $7,500,000 Tax Exempt 4th Installmentindicates amounts. Taxable 5th Installment

Total 4,489,009Complete highlighed cells

Estimated annual tax credits times 10 yearsMutiply by tax investor ownership percentage

Total tax creditsExpected credit priceExpected cash equity

4,933,470.0000.999904,932,9770.9104,489,009

Payment Term

2019 MFA MULTIFAMILY PROJECT APPLICATIONSchedule A-1: Sources of Funds

Equity Installment ScheduleNote: Total of Permanent Amount Column Must Equal Total Development Cost in Schedule A.

Revised 1/2018

2019 MFA MULTIFAMILY PROJECT APPLICATIONSCHEDULE B: UNIT TYPE AND RENT SUMMARY


Section A Restricted Units at 80% of MedianNumber BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of UnitsGross Monthly Rent/Unit(1) Minus: Utility Allowance Net Monthly Rent/Unit Annual Rental Income (All Units)Vacancy Allowance (%): Section B Restricted Units at 70% of MedianNumber BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of UnitsGross Monthly Rent/Unit(1) Minus: Utility Allowance Net Monthly Rent/Unit Annual Rental Income (All Units)Vacancy Allowance (%): Section C 2018 MOD RAD RentsNumber BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of Units 60 12 72Gross Monthly Rent/Unit(1) 623 686 965 1,162 Minus: Utility Allowance 20 104 118 153 Net Monthly Rent/Unit 603 582 847 1,009 Annual Rental Income (All Units) 434,160 83,808 517,968Vacancy Allowance (%): Section D TPV Rents - AHA Payment StandardNumber BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of Units 8 13 3 24Gross Monthly Rent/Unit(1) 757 878 1,224 1,489 Minus: Utility Allowance 20 104 118 153 Net Monthly Rent/Unit 737 774 1,106 1,336 Annual Rental Income (All Units) 74,304 172,536 48,096 294,936Vacancy Allowance:

Section E Restricted Units at 40% of MedianNumber BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of UnitsGross Monthly Rent/Unit(1) Minus: Utility Allowance Net Monthly Rent/Unit Annual Rental Income (All Units)Vacancy Allowance:

Section F Restricted Units at 30% of Median Number BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of UnitsGross Monthly Rent/Unit(1) Minus: Utility Allowance Net Monthly Rent/Unit Annual Rental Income (All Units)Vacancy Allowance:

Section G Restricted Units at 20% of Median Number BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of UnitsGross Monthly Rent/Unit(1) Minus: Utility Allowance Net Monthly Rent/Unit Annual Rental Income (All Units)Vacancy Allowance:

Section H Market Rate / Unrestricted UnitsNumber BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of UnitsGross Monthly Rent/Unit(1) Minus: Utility Allowance Net Monthly Rent/Unit Annual Rental Income (All Units)Vacancy Allowance:

Section I Total All Units (Total Section A-H)Number BR/Unit Type Efficiency 1-BR 2-BR 3-BR ____-BR ____-BR TotalsNet Sq, Ft./UnitNumber of Units 60 20 13 3 96Gross Monthly Rent/Unit(1) Minus: Utility Allowance Net Monthly Rent/Unit Annual Rental Income (All Units) 434,160 158,112 172,536 48,096 812,904Units Receiving Rental Assistance

(To be included in Sections A-E)

Non-Revenue Generating Units(2)

Vacancy Allowance:(1)Not to exceed rent limits for program applied for.(2)Non-Revenue Generating Units (Not to be included in Sections A-E) Specify Use:

7.00%

7.00%

7.00%

7.00%

7.00%

7.00%

7.00%

7.00%

7.00%


Total Units: 96 Total Budget Per Unit CostINCOME

1 Annual Rental Income Per Schedule B/Section F 812,904 8,4682 Parking Income 03 Laundry Income 4,000 424 Other Income (Specify) 0

Income Subtotal 816,904 5 Less Vacancy @ 7% (57,183) 6 Commercial Income7 Less Vacancy @ 5% 08 TOTAL INCOME 759,721 7,914

EXPENSES ADMINISTRATIVE EXPENSES9 Accounting and Audit 6,503 68

10 Advertising 011 Legal 4,707 4912 Property Management Fee @ 6.00% 45,583 47513 Gross Receipts Tax (GRT) on Management Fee 3,53314 Management Salaries/Taxes 63,000 65615 Office Supplies and Postage 5,900 6116 Telephone 5,200 5417 Annual Compliance Fees ($45 per LI unit) 4,320 4518 Other (Specify): 019 SUBTOTAL ADMINISTRATIVE EXPENSES 138,746 1,445

UTILITY EXPENSES20 Fuel (Heat and Water) 0 021 Electricity 31,940 33322 Water and Sewer 54,707 57023 Gas 14,763 15424 Garbage/Trash 27,150 28325 Other (Specify): 026 SUBTOTAL UTILITY EXPENSES 128,560 1,339

MAINTENANCE EXPENSES27 Elevator 0 028 Exterminating 8,900 9329 Grounds 18,000 18830 Repairs 26,400 27531 Maintenance Salaries and Taxes 59,327 61832 Maintenance Supplies 35,600 37133 Pool 0 034 Snow Removal 0 035 Decorating 7,722 8036 SUBTOTAL MAINTENANCE 155,949 1,624

FIXED EXPENSES37 Real Estate Taxes 0 038 In Lieu of Taxes 0 039 Other Tax Assessments 0 040 Insurance 26,122 27241 Other (Specify): 042 SUBTOTAL FIXED EXPENSES 26,122 272

SUBTOTAL EXPENSES BEFORE RESERVESRESERVE FOR REPLACEMENT/OTHER RESERVES

43 Reserve for Replacement (Annual) (1) 28,800 30044 Other (Specify): 045 Other (Specify): 046 Other (Specify): 047 Other (Specify): 048 SUBTOTAL RESERVES (Do not include debt service) 28,800 30049 Enrichment Services 0

50 TOTAL EXPENSES 478,177 4,981

51 281,544 2,933

(1) Minimum reserves per unit per year: $250/unit/year for Senior Housing (new construction only), and $300/unit/year for all other new construction and rehabilitation projects.

Management Agent/Applicant Certification: The operating budget provided above is that which will serve as theproject's operating budget for its first year of operations, pursuant to agreement by the following parties:

Management Agent Signature:__________________________________ Date: _________________

Printed Name/Title:_________________________________________________

2018 MFA MULTIFAMILY PROJECT APPLICATIONSCHEDULE C: OPERATING EXPENSE BUDGET

NET OPERATING INCOME (Total Income Minus Total Expenses)

CASH FLOW PROJECTION Annual Inflation FactorsResidential Rents: 2.00% Vacancy: 7%

The Commons at Martineztown Expenses (except Mgmnt fees): 3.00% 50%Replacement Reserves: 3.00% Date: 10/25/2019

Annual Projections (Post Construction Period) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

IncomeResidential Income 816,904 833,242 849,907 866,905 884,243 901,928 919,967 938,366 957,133 976,276 995,801 1,015,717 1,036,032 1,056,752 1,077,887Vacancy Loss 0 -58,327 -59,493 -60,683 -61,897 -63,135 -64,398 -65,686 -66,999 -68,339 -69,706 -71,100 -72,522 -73,973 -75,452Commercial Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Commercial Income Vacancy Loss 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Effective Gross Income (EGI) 816,904 774,915 790,413 806,222 822,346 838,793 855,569 872,680 890,134 907,937 926,095 944,617 963,510 982,780 1,002,435

ExpensesExpenses (less reserves and mgt fees) 400,261 412,269 424,637 437,376 450,497 464,012 477,933 492,271 507,039 522,250 537,917 554,055 570,676 587,797 605,431Mgmnt fees + GRT (increases with EGI) 49,116 50,099 51,101 52,123 53,165 54,228 55,313 56,419 57,548 58,698 59,872 61,070 62,291 63,537 64,808Reserves 28,800 29,664 30,554 31,471 32,415 33,387 34,389 35,420 36,483 37,577 38,705 39,866 41,062 42,294 43,563Total Expenses 0 492,031 506,291 520,969 536,077 551,628 567,634 584,110 601,069 618,526 636,495 654,991 674,030 693,628 713,801

Net Operating Income 816,904 282,884 284,122 285,253 286,269 287,165 287,935 288,570 289,065 289,411 289,601 289,627 289,480 289,152 288,634

Annual Debt Service (Hard Debt)First Mortgage 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523Second Mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0Third Mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0Fourth Mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0Total Debt Service 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523 203,523

Net Project Cash Flow 613,381 79,361 80,599 81,730 82,746 83,642 84,412 85,047 85,542 85,888 86,078 86,104 85,957 85,629 85,111

Debt Service Coverage - First 4.01 1.39 1.40 1.40 1.41 1.41 1.41 1.42 1.42 1.42 1.42 1.42 1.42 1.42 1.42Debt Service Coverage - All Debt 4.01 1.39 1.40 1.40 1.41 1.41 1.41 1.42 1.42 1.42 1.42 1.42 1.42 1.42 1.42

Commercial Vacancy:

Revised 11/2015

Project Name: The Commons at Martineztown Federal HTC Requests ONLY

Construction Period: Start Date: 4/1/2020 Completion: 3/1/2022 Residential Costs ONLY

Trade Item Total Cost [A](1) Commercial [B] Residential [C] 30% HTC Basis [D]

70% HTC Basis [E]

I. DemolitionII. Accessory StructuresIII. Site Construction

Earth Work 11,000 11,000 11,000Site Utilities 10,000 10,000 10,000Roads & Walks 75,000 75,000 75,000Site Improvements 34,000 34,000 34,000Lawns & Planting 161,000 161,000 161,000Unusual Site Conditions

Sub-total: Site Construciton 291000 0 291000 0 291000IV. Buildings and Structures

Concrete 20,000 20,000 20,000Masonry 104,000 104,000 104,000Metals 87,200 87,200 87,200Woods and Plastics 300,000 300,000 300,000Thermal and Moisture Protection 380,000 380,000 380,000Doors and Windows 200,000 200,000 200,000Finishes 1,000,000 1,000,000 1,000,000Specialties 50,000 50,000 50,000Equipment 260,000 260,000 260,000Furnishings 300,000 300,000 300,000Special Construction 30,000 30,000 30,000Conveying SystemsMechanical 1,095,841 1,095,841 1,095,841Electrical 1,020,000 1,020,000 1,020,000

Sub-total: Building and Structures 4847041 0 4847041 0 4847041V. Off-Site Improvements (List)

Sub-total: Off-Site Improvements 0 0 0 0 0VI. Other Costs (List)

Hard costs only - Do not include those liste 76,056 76,056 76,056in Sched. A (e.g. "Other Construction Cost 39,750 39,750 39,750

Sub-total: Other Costs 115806 0 115806 0 115806VII. TOTAL CONSTRUCTION COSTS 5253847 0 5253847 0 5253847

(1) Sum of Columns B and C.

Contractor Signature_______________________________________ Date

2019 MFA MULTIFAMILY PROJECT APPLICATIONSCHEDULE D: CONTRACTOR'S AND APPLICANT'S COST BREAKDOWN

2019 MFA MULTIFAMILY PROJECT APPLICATION

SCHEDULE F: ESTIMATE OF TAX CREDIT ALLOCATION AMOUNT

Project Name: The Commons at MartineztownDate: 10/25/2019

30% HTC Basis 70% HTC Basis For MFA Use

Total Eligible Basis (From Schedule A)

3,612,490 8,919,210

Less: Federal grant used to finance qualifying development costs (specify source)

Less: Non-qualified non-recourse financing / federal subsidy (specify source)

Less: Non-qualifying excess portion of higher quality market rate units

Less:Historic Tax Credit (Residential Portion Only)

Equals: Eligible Basis 3,612,490 8,919,210

Multiplied by:

Adjustment for Qualified Census Tract or

Difficult to Develop Area(1) 100% 130%

Equals: Eligible Basis 3,612,490 11,594,973

Multiplied by:

Applicable Fraction (Insert the lesser of the fractions calculated below.) Multiply line above by this fraction to obtain Total Qualified Basis below.

100.00% 100.00%

Equals: Total Qualified Basis 3,612,490 11,594,973

Multiplied by:

Applicable Tax Credit Percentage 3% 3%

Equals: Tax Credit Eligibility 117,406 376,837

Total Tax Credit Request 117,406 375,941

Applicable Fraction Calculation:

Floor Space Fraction Unit Fraction

Total Residential Rental Floor Space 74,897 Total Units 96

Low-Income Units Floor Space 74,897 Low-Income Units 96

Percent Low-Income 100.000% Percent Low-Income 100.000%

(1) If site lies in either of these types of areas, insert 130%, otherwise insert 100%.

~~ ~~~500 Marquette Avenue NW, Suite 1203, Albuquerque, New Mexico 87102

Telephone: 505.814.6958 www.shermanhoward.com

T. Parker SchenkenSherman &Howard L.L.C.Direct Dial Number: 303.299.8284E-mail: [email protected]

October 18, 2019

Albuquerque Housing Authority1840 University Blvd. SEAlbuquerque, NM 87106

Via email to: dfoster ,abgha•or~

Re: Property Tax Exemption for Proposed Multifamily Housing Project(The Commons at Martineztown Project) in Bernalillo County, New Mexico

Ladies and Gentlemen:

This office serves as Bond Counsel to Bernalillo County, New Mexico (the "County"). You areapplying to the County for issuance of multifamily housing revenue bonds in relation to The Commons atMartineztown, a multi-site multifamily housing project located within the County.

We have been advised that the subject real property is being acquired, constructed and operated,among other laws, pursuant to the Municipal Housing Law, Sections 3-45-1 through 3-45-25, NMSA1978, as amended (the "Act"). Section 3-45-3.A of the Act defines a "city" as "any municipality and,unless the context otherwise clearly indicates, any county," and further states that "`County' means anycounty." Section 3-45-3.J(2) of the Act defines a "housing project" to include, among other things, anundertaking "to provide decent and safe dwellings, including apartments, single-family dwellings or otheraffordable living accommodations for persons of low and moderate income."

Section 3-45-19 of the Act provides that the "real property of a housing project, as defined inSection 3-45-3 NMSA 1978, is declared to be public property used for essential public and governmentalpurposes and is property of a city of this state and is exempt from taxation until a deed conveying thatproperty to a nonexempt entity is executed and delivered by the city."

If you have any questions, please do not hesitate to call me.

Ver~uly yours,

k

T. Parker Schenken

cc: Mayling Armijo, Bernalillo County

50798596.1

Annual Report

2018

Albuquerque Housing Authority 2018 Annual Report 3

“The worst part of being homeless was not having keys to anything. I was so excited

to get the keys! I cried and forgot to sign the lease!” This is a quote from one of our

residents who obtained housing through the Tenant Based Rental Assistance Program.

Having keys to your own front door – something many of us don’t even think about

- unlocks so much more. For the people we serve it has provided a safe place to live,

housing on a reliable bus line to get to medical appointments, and the opportunity to

reconnect with family. These are just a few examples. Housing provides the security

necessary for individuals and families to thrive: to focus on education, gain employment,

and contribute back to their community. Housing provides stability in our community.

We are fortunate that every day we hear and see how housing changes lives.

Through our core programs, the Housing Choice Voucher program and Public Housing

program, AHA provides housing assistance for approximately 4,800 households every

year. In addition, we have expanded our programs to help some of Albuquerque’s

most vulnerable households. Through the Tenant Based Rental Assistance program

and the new Housing Choice Voucher lottery preference, AHA is helping formerly

homeless households transition into permanent housing. Through the Veterans Affairs

Supportive Housing program, we provide housing assistance for over 200 veterans. In

our Public Housing program, we continue to invest more funding to improve safety

and accessibility.

We will continue to work with the community and our partners to seek innovative

solutions for affordable housing. We are grateful to partnerships with HUD, the City of

Albuquerque and the many service providers that are making a difference every day in

the lives of people in our city. Together we can help more people achieve the dream of

having keys to unlock a door and so much more.

Janet McHard, CHAIRPERSON

Linda Bridge, EXECUTIVE DIRECTOR

Opening Doors

BOARD OF HOUSING COMMISS IONERS

Ms. Janet McHard

CHAIRPERSON

Mr. Stephen J. Vogel

VICE

CHAIRPERSON

Ms. Roxanne Rivera-Wiest

COMMISSIONER

AT LARGE

Ms. Lovie McGee

COMMISSIONER

AT LARGE

Ms. Rebecca Robinson

RESIDENT

COMMISSIONER

Linda Bridge EXECUTIVE DIRECTOR

Andrew Estocin DEPUTY DIRECTOR

Barbara D’Onofrio FINANCE DIRECTOR

Anita Sanchez-Triviso HUMAN RESOURCES DIRECTOR

Matthew Archuleta PUBLIC HOUSING PROGRAM MANAGER

Matt Bailon OPERATIONS MANAGER

Mundy Petroff EXECUTIVE ASSISTANT

Brian Eagan ATTORNEY

Dan Foster CAPITAL FUND PROJECTS MANAGER

Esther Lucero SECTION 8 PROGRAM MANAGER

2 0 1 8 L E AD ER SH I P T E AM


Empowering people in our community

through affordable housing and

self-sufficiency opportunities.

Through operational excellence and staff empowerment,

the Albuquerque Housing Authority will become a

high performing agency that is dedicated to providing

quality housing and services that equip residents to succeed.

We empower clients and coworkers

through education and opportunities

for growth and success

We serve our clients and coworkers with

understanding, empathy, and respect

We achieve organizational excellence by

operating as a team, investing in staff

training, and embracing the belief that

every individual has the capacity to solve

problems and fulfill personal goals

We are consistent in dealing professionally,

honestly, and fairly with the public and each other

We are committed to growing and

sustaining AHA’s financial resources and

implementing environmentally friendly

practices in all operations and facilities

< Service

Compassion >

< Accountability

Integrity >

< Stewardship

Core Values

CORE VALUE EMPLOYEES

VenessaBurk

SEPTEMBER 2017

NicoleMaurino

DECEMBER 201717

RaymondMurrietta

MARCH 2018

LisaGarduno

JUNE 2018

Mission Statement

Vision Statement

Revenues FY 2018


Intergovernmental $30,029,330 81%Subsidies & GrantsTenant Revenue $2,201,657 6%Capital Grants $1,073,351 3%Other Revenue $632,381 2%

$33,936,719 100%

Overview Section 8 Housing Choice Voucher

Administrative Expense $4,124,176 12%S8 HCV Landlord Payments $24,792,017 74%Utility Expense $765,923 2%Maintenance & Operations $2,238,543 7%General Expense $580,143 2%Depreciation and Other $1,080,885 3%

$33,581,687 100%

Expenditures FY 2018

Total S8 HCV Revenue $27,696,637 $25,518,905 $25,300,072Total Expense $27,411,240 $26,319,336 $24,501,471

$285,397 ($800,431) $798,601

FY18 FY17 FY16

Operating Expense $256,630 1% $136,966 1% $138,518 1%Administrative Expense $2,411,010 9% $2,450,264 9% $2,168,504 9%HAP Expense $24,743,600 90% $23,732,106 90% $22,194,449 91%

$27,411,240 100% $26,319,336 100% $24,501,471 100%

FY18 FY17 FY16

$30,000,000

$25,000,000

$20,000,000

• 114 vendors under active contracts and 48% are with Women and Minority Owned Business Enterprises

• Over $24 million in rental payments to 1,605 landlords

• 61 employees and investment of $3.8 million in salaries, benefits, training and education

FAST FACTS

Average VoucherCost per Year$6,448

Average Rent$232

Average Age53

Average Income$13,620

GenderMale 29%Female 74%

Racial CompositionWhite 87%African American 8%Native American 5%Asian 2%Pacific Islander 1%

EthnicityHispanic 59%Non-Hispanic 44%

Disabled 56%

Elderly 28%

Children under 18 in Section 83,543

• Over 100% budget utilization

• Processed 3,748 recertifications

• Issued vouchers to 169 formerlyhomeless household through the new Section 8 lottery

• Distributed $1,187,810 in housingassistance to 220 veterans through the HUD VASH program

• High Performer HUD rating

• Conducted 6,892 inspections

FAST FACTS

*Data about race, age, ethnicity, disabled/elderly, and gender are based on head of household.


Public HousingCapital FundsRevenue

Dwelling Rent $2,201,657 $2,178,053 $2,245,433HUD Op. Grant $3,461,767 $3,117,531 $3,026,852Other Income $78,007 $63,555 $75,532

$5,741,431 $5,359,139 $5,347,817

FY18 FY17 FY16

Expenditure

$7M

$6M

$5M

$4M

$3M

$2M

$1M

$0

Accessibility $3,175,032Elevators $124,415Energy Conservation $3,994,489Other $53,691Roofing $703,837

$8,051,464

Total Capital Expenditures FY18

2015 $384,6552016 $774,5012017 $1,433,7282018 $1,706,666

Capital Fund ProgramExpenditures

2016 20

$1,800,000

$1,600,000

$1,400,000

$1,200,000

$1,000,000

$800,000

$600,000

$400,000

$200,000

$

Administration 32% 32% 30%Utilities 15% 16% 16%Maintenance 53% 52% 54%

100% 100% 100%

FY18 FY17 FY16

120%

100%

80%

60%

40%

20%

0%

FAST FACTS

• Processed 950 recertifications

• Received over 500 new applications

• Moved in 161 households

• Standard performer HUD rating

• Completed 6,012 work orders

Average Household Income$13,799

Average Rent $247

Average Age 48

Disabled 47%

Elderly 25%

Racial CompositionWhite 82%African American 8%Native American 8%Asian 1%Pacific Islander 1%

EthnicityHispanic 63%Non-Hispanic 37%

GenderMale 27%Female 73%

Children under 18 in Public Housing921

* Data about race, age, ethnicity, disabled/elderly, and gender arebased on head of household.


Logan had been in Albuquerque off and on for the past 10

years. He was addicted to drugs and alcohol and a hitch hiker. His

family wouldn’t have anything to do with him. Today Logan’s

family is proud of him, he speaks with them regularly, and he

gets to have a relationship with his grand baby now because of

his willingness to get better and stay stable.

Logan credits countless agencies in Albuquerque to his success,

although he says those agencies are the successful ones, not him:

Albuquerque Heading Home, Albuquerque Opportunity Center,

Good Shepherd, Health Care for the Homeless, SOAR, and

Albuquerque Housing Authority to name a few. “It’s not me that

made me, it’s all these agencies.”

When Logan first got his apartment he was afraid to leave

for the first couple of weeks, afraid it would be gone when he

returned…he even had nightmares about it. He was able to get

over that fear, he’s been housed since June, 2018.

As stated by Logan, “I’m the luckiest rascal in the whole wide world!” He does not

take his good fortune for granted. This former marine gives back. He sits on a consumer

committee with Health Care for the Homeless. They meet once a month and discuss

concerns of the homeless. He reaches out to the homeless and helps them find food,

shelter and the resources needed.

“Albuquerque saved my life!”

—Logan S.

Five years ago, Patricia was

given a great opportunity with AHA,

she saw a door open with Family Self

Sufficiency (FSS) and she immediately

jumped in. Patricia has 2 sons, 10

and 5. Those years weren't easy but

she never gave up even when she

was faced time after time with many

obstacles being thrown her way.

Patricia’s family endured a fatal

pedestrian accident, her oldest

suffered a grand mal seizure, and her

youngest son became disabled and

diagnosed with Tourette’s syndrome

and PTSD. A few years later, the

father of her boys passed away. At

that point, she was ready to throw the

towel in, but she knew this was a

challenge from the man upstairs and

the way out was to conquer these

trials and tribulations.

Patricia reached out to AHA and began job hunting, after months of looking she

was blessed to find successful employment with the state of NM in DVR. The opportunities

through FSS opened doors for her to expand her professional circle, receive numerous

training opportunities and provide for her family.

‘Never give up! I am thankful for having been given this opportunity for growth.

Thank you again to all my family, coworkers and friends.’

—Patricia S.

Success is...

TBRASTATS

• At the end of 2018, 51 residents were under active contracts to participate in the Family Self Sufficiency (FSS) program and 11 had saved over $65,867 in self-sufficiency escrow funds. This amount represents AHA contributions to each participant's escrow account over the course of their participation in the program.

• 2 Participants Graduated from the Program in 2018

FSSSTATS

• Albuquerque Housing Authority Housed 18 Vulnerable Homeless Households in FY2018 through the Tenant Based Rental AssistanceProgram. Each person housed in TBRA saves taxpayers approximately$29,456 over a two yearperiod resulting is a totaltaxpayer savings of $503,208

Annual Report

2018

AHA completed a portfolio wide $4 million investment in energy and water conservation

measures. The project was part of a U.S. Housing and Urban Development (HUD) approved

energy performance contract where the improvements were financed through future

utility savings associated with energy and water conservation. In addition to furthering

AHA's commitment to sustainability, the project generated funding for much needed

capital improvements, provided upgrades to AHA properties, increased comfort to

AHA residents, and provided opportunities for local businesses including B&D Industries,

Inc. and QA Engineering, LLC. The photovoltaic solar systems installed by Positive

Energy Solar as one component of this

project was recognized with a NAIOP New

Mexico merit award in the NAIOP 2018

Awards of Excellence.

The project significantly reduced AHA's

carbon footprint generating environmental

benefits equating to 95 homes of electricity

annually or 136 passenger vehicles driven

for 1 year. Furthermore, through minimizing

their use of water and electricity, AHA's

utility budget is anticipated to be reduced

by $350,000 annually.

“I commend staff for undertaking an initiative that demonstrates our core value of

Stewardship; stewardship with our financial resources and the earth’s natural resources.”

Linda Bridge, Executive Director.

Upgrades to AHA's portfolio, which were financed through the project and are

anticipated to increase resident comfort, include new furnaces, central boilers, water

heaters, weatherization, interior and exterior lighting, and photovoltaic solar systems.

Stewardship

ALBUQUERQUE HOUSING AUTHORITY

A COMPONENT UNIT OF THE CITY OFALBUQUERQUE, NEW MEXICO

FINANCIAL STATEMENTSAND SUPPLEMENTAL INFORMATION

WITH INDEPENDENT AUDITORS’ REPORT___________

Year Ended June 30, 2018

TABLE OF CONTENTS

Description Pages

OFFICIAL ROSTER 1

INDEPENDENT AUDITORS’ REPORT 2-4

REQUIRED SUPPLEMENTAL INFORMATION 5-13

Management Discussion and Analysis (MD&A)

FINANCIAL STATEMENTS 14-18

Statement of Net Position

Statement of Revenues, Expenses, and Changes in Net Position

Statement of Cash Flows

Notes to the Financial Statements 19-49

OTHER REQUIRED SUPPLEMENTAL INFORMATION 50-55

Schedule of the Authority’s Proportionate Share of the Net Pension Liability of the PERA Municipal General Division

Schedule of the Authority’s Pension Contributions

Schedule of the Authority’s Proportionate Share of the Net OPEB Liability of the New Mexico Retiree Health Care Authority

Schedule of the Changes in the Net OPEB Liability and Related Ratios of the Retiree Life Insurance OPEB plan

Notes to Required Supplementary Information

OTHER SUPPLEMENTARY INFORMATION

Statements and Certifications of Actual Capital Fund Program Costs

Financial Data Schedule

56-73

TABLE OF CONTENTS (continued)

STATE SUPPLEMENTARY INFORMATION

Schedule of Deposits and Investments

Schedule of Pledged Collateral

Joint Powers Agreements, Memorandum of Understanding, and Other Agreements

74-76

REPORT ON SINGLE AUDIT

Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

Independent Auditors’ Report on Compliance For Each Major Program andon Internal Control Over Compliance Required by the Uniform Guidance

Schedule of Expenditures of Federal Awards

Notes to Schedule of Expenditures of Federal Awards

Schedule of Findings and Questioned Costs

Schedule of Prior Year Findings and Questioned Costs

77-78

79-81

82

83

84-87

88

Corrective Action Plan

OTHER INFORMATION REQUIRED BY 2.2.2 NMAC

2.2.2 NMAC Findings

Exit Conference

89

90-91

1

OFFICIAL ROSTER

Board of Housing Commissioners

Janet M. McHard, CPA, CFE, MAFF, CFF, Chairperson

Stephen J. Vogel, Vice-Chairperson

Roxanne Rivera-Wiest, Commissioner at Large

Lovie McGee, Commissioner at Large

Rebecca Robinson, Resident Commissioner

AHA Management

Linda Bridge, Executive Director and Secretary to the Board

Andrew Estocin, Deputy Director

Barbara D’Onofrio, Director of Finance

Board of Housing Commissioners

The Board of Housing Commissioners is the governing body to AHA. The Board of Housing Commissioners is authorized by the City of Albuquerque through Resolution (R-2010-97). The Board of Housing Commissioners has a role of oversight to the Housing Authority. Although the Board members are appointed by the Mayor of the City of Albuquerque, the Board is responsible for electing the member(s) roles and officers. Regular Meetings are held on the 3rd Wednesday of each month, at 12:00 pm (Noon) in the Manuel Cordova Conference Room, at AHA Administration Office, Carnis Salisbury Building, unless otherwise posted.

INDEPENDENT AUDITORS’ REPORT

Board of Commissioners of theAlbuquerque Housing Authority andWayne A. JohnsonNew Mexico State AuditorAlbuquerque, New Mexico

Report on the Financial Statements

We have audited the accompanying financial statements of the business-type activities and the aggregate discretely presented component unit of the Albuquerque Housing Authority(the Authority) as of and for the year ended June 30, 2018, and the related notes to the financial statements, which collectively comprise the Authority’s basic financial statements,as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We did not audit the financial statements of the aggregate discretely presented component units. Those statements were audited by another auditor whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for the Authority, is based solely on the report of the other auditor. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion.

MAIN 301.564.3636 FAX 301.564.29946903 Rockledge Drive, Suite 1200 Bethesda, Maryland 20817-1818

r u b in o . c o m

Member, American Institute of Certified Public Accountants

3

An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, based on our audit and the report of the other auditor, the financial statements referred to above present fairly, in all material respects, the respective financial position of the business-type activities and the aggregate discretely presented component unit of the Authority as of June 30, 2018, and the respective changes in financial position and cash flows thereof for the year then ended, respectively, in accordance with accounting principles generally accepted in the United States of America.

Emphasis of Matter

As discussed in Notes A, E and I to the financial statements, the 2017 financial statements of the Authority have been restated to reflect the adoption of Governmental Accounting Standard Board No. 75, Accounting and Financial Reporting for Postemployment Benefits Other than Pensions, and to correct a misstatement related to the accounting for capital assets. Our opinion is not modified with respect to these matters.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis on pages 5 – 13 and Pension and OPEB schedules on pages 50 - 55 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

4

Other Information

Our audit was performed for the purpose of forming an opinion on the financial statements that collectively comprise the Authority's basic financial statements. The financial data schedule, the statements and certifications of actual capital fund program costs as required the U.S. Department of Housing and Urban Development, state supplemental information and the other schedules required Section 2.2.2 NMAC are presented for purposes of additional analysis and are not required parts of the basic financial statements. The schedule of expenditures of federal awards as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards is also not a required part of the basic financial statements.

The financial data schedule, the statements and certifications of actual capital fund program costs, state supplemental schedules, the other schedules required by Section 2.2.2 NMAC, and the schedule of federal awards are the responsibility of management and were derived from and relate directly to the underlying accounting data and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America by us and the other auditors.

In our opinion, the financial data schedule, the statements and certifications of actual capital fund program costs, state supplemental information, the other schedules required by Section 2.2.2 NMAC, and the schedule of expenditures of federal awards are fairly stated in all material respects in relation to the basic financial statements as a whole.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated November 7, 2018 on our consideration of the Authority's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Authority’s internal control over financial reporting and compliance.

Bethesda, MarylandNovember 7, 2018

bkarlin

Stamp

ALBUQUERQUE HOUSING AUTHORITYA COMPONENT UNIT OF THE CITY OF ALBUQUERQUE, NEW MEXICO

MANAGEMENT’S DISCUSSION AND ANALYSISJune 30, 2018

___________________________

5

This section of the Albuquerque Housing Authority’s (AHA) financial statements presents management’s discussion and analysis (MD&A) for the fiscal year ended June 30, 2018 and 2017. The activities of AHA include Public Housing, Housing Choice Voucher, and Capital Fund Programs. The management’s discussion and analysis (MD&A) is designed to assist the reader in focusing on significant financial issues, provide an overview of AHA’s financial activity and changes in AHA’s financial position.

Overview of the Housing Authority

AHA provides housing assistance programs to low income families, elderly and disabled households. Our mission is “empowering people in our community through affordable housing and self-sufficiency opportunities.” These services are delivered through our public housing program with 953 units and our housing choice voucher program with roughly 3,900 vouchers. Other services are provided through community networking and as a recipient of various special programs.

AHA is a separate public body-corporate that contracts with the U.S. Department of Housing and Urban Development (HUD) to provide affordable public housing (PH), housing choice voucher (HCV) assistance payments and federal housing program oversight. All operating and capital expenses of AHA, including the employees, are paid for by a combination of rent paid by Public Housing tenants and grant funds from HUD. AHA is responsible for its own debts, has its own powers of operation and relies on a variety of revenue streams for its income.

AHA was established in 1967 as a department of the City of Albuquerque (City) and subsequently became independent from the City of Albuquerque on December 6, 2010.when the City Council enacted a Board of Housing Commissioners to govern AHA. As of July 1, 2011, AHA became a public body-corporate and is recognized as a quasi-governmental agency. On July 1, 2014, the City transferred the housing department’s assets, deferred outflow of resources, liabilities, and deferred inflow of resources and net position to AHA. For financial reporting purposes, AHA is considered a component unit of the City. As such, the financial condition and results of operations of AHA are included in the City’s Comprehensive Annual Financial Report (CAFR).

Measurement Focus and Basis of Accounting

The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The Financial Data Schedule (FDS), which is included in the supplementary information section, is prepared by AHA on a GAAP basis, using the Department of Housing and Urban Development’s (HUD) specific format. AHA expends more than $750,000 in federal financial awards in a given year and is therefore required to have a Single Audit conducted in accordance with the Uniform Guidance. The Single Audit covers the following:

• The basic financial statements• The Supplemental Schedule of Expenditures of Federal Awards (SEFA)• Internal control over and compliance with the types of compliance requirements described in

Title 2 U.S. Code of Federal Regulations (CFR) 200, Appendix XI

AHA’s fiscal year-end is June 30th and AHA submits its financial statements to the following three agencies:

• City of Albuquerque – AHA is included as a component unit of the City



___________________________

6

• New Mexico Office of the State Auditor – Due December 1, 2018• HUD – FDS is due March 30th online and at the regional HUD office

Highlights of Fiscal Year 2018

Albuquerque Housing Authority (AHA) through its strategic planning is focused on improving and expanding operations, services, and housing. Highlights from the strategic plan and program improvements are shared below.

Strategic Planning

The strategic plan for 2016-2021 sets a vision for AHA through operational excellence and staff empowerment for AHA to become a high performing agency that is dedicated to providing quality housing and services that equip resident to success. The strategic directions to move the agency forward are to increase efficiencies in operations and leverage opportunities. Action items in the plan include: implementation of the housing development plan to improve and expand our housing stock; expansion of services and education for our tenants, clients and landlords; empowerment of staff through investment in training; and expand our availability to clients through regional offices and technology.

Leverage Opportunity

AHA has developed a Social Service plan and services continue to expand. Services provided include: availability of financial literacy, budgeting, credit and medical debt rescue workshops; free classes on nutrition education, GED/ESL, and life skills; job search fairs; and homeownership resources. Smoke-Free presentations and mass mailings were provided to assist residents with non-smoking goal. Additionally, mobile food markets, senior food pantries, and information fairs with community partners held at Public Housing sites. Resident Councils held regular meetings. To further help in expanding services, AHA received a ROSS service coordinator grant awarded for three years for the public housing program that will begin in the 2019 fiscal year.

AHA continues investing in housing through our Housing Development Plan which addresses improving properties through capital investments, utilizing energy performance contracts and seeking new sources of funding. AHA was awarded City Community Development Block Grant (CDBG) funds for renovations at Wainwright and Embudo properties and these much needed capital dollars will improve the quality of living at our senior and disabled living buildings. AHA started the process to create a non-profit with Board approval in February 2018.The non-profit corporation will assist AHA in further development of building modernization, conversion of public housing to Rental Assistance Demonstration program (RAD) and securing financial investments into our properties. A letter of interest to enter the RAD program and the first phased applications were submitted to HUD. AHA incurred the sale of capital assets this year with the disposal of fleet that had aged out of service and the disposal of two dwelling structures. The Energy Performance Contract (EPC) project is on track and scheduled for completion in August 2018. The monitoring and verification phase has begun.

Efficiency in Operations

AHA continues to invest in the training of staff. A peer-to-peer mentoring group has been formed called Leadership Development Group and is meeting monthly. This is a voluntary program for employees to attend monthly increasing the leadership skills, and improving skills in time management and communication.



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AHA has invested in the planning and implementation of onsite offices at our residential properties in Public Housing. These regional offices in public housing will be established to improve delivery of services to our residents. This implementation of regional management will continue to expand into FY2019.

Ongoing, AHA is invested in making improvements in operations. AHA developed a Business Continuity Plan and Disaster Recovery Plan to insure continuity of services in case of a business interruption. Additionally, AHA continues to invest in technology to improve services, including: addition of online payments; use of email, text and automated calls to improve communication; use of videos to share information with the public; and automation of the employee onboarding processes.

Program Improvements

For the second year, the Section 8 Housing Choice Voucher Program has been awarded a high performer agency in the Section Eight Management Assessment Program (SEMAP). Section 8/ HCV program maintains an over 100% budget utilization, processed over 3,748 recertification, reduced the waitlist to zero, and issued 169 new vouchers. Additionally, a new lottery system was implemented, and 5,559 new applications were received.

The Public Housing Program achieved a standard performer rating in Public Housing Assessment System (PHAS). The Public Housing Program processed 950 recertifications, took in over 500 new applications, and moved in 161 households. Capital improvements in FY18 have included accessibility improvements and roofing replacements. A total of over $3.2 million of energy performance measures where installed at the 26 public housing properties and is estimated to result in $6 million in savings over 15 years.

AHA Community Collaborations

Veterans Affairs Supportive Housing (VASH) - In collaboration with the Veterans Affairs Program AHA was able to utilize 91% of the VASH vouchers provided. Housing Choice Voucher staff have consistently increased the usage of the VASH Vouchers. Additionally, AHA has participated in extensive outreach community services for Veterans throughout the AHA community. This has included workshops providing services to veterans.

HOME Tenant Based Rental Assistance (TBRA) funds - AHA has administer HOME TBRA funding for homeless applicants. The design of this program is to provide a temporary housing voucher to homeless households on the AHA wait list, to enable them to obtain housing until assistance becomes available under AHA’s housing programs. The funds are HUD pass-through funding from the City of Albuquerque. This program demonstrates a successful partnership with the Department of Family and Community Services and Albuquerque Heading Home.



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Overview of the Financial Statements

The MD&A present the financial position and the results of operations of AHA for the years ended June 30, 2018 and 2017. This discussion and analysis is intended to serve as an introduction to AHA’s basic financial statements, which are comprised of the following: (1) the statement of net position, (2) the statement of revenues, expenses and changes in net position, (3) the statement of cash flows, and (4) the notes to the financial statements.

• The Statement of net position presents financial information on all of AHA’s assets, deferredoutflows of resources, liabilities, deferred inflows of resources, and net position. It assesses thebalance of a government’s assets and deferred outflows of resources against its liabilities anddeferred inflow of resources in order to determine what is left over after satisfying its obligationsof resources to others. This is a picture of AHA’s net position at a given point in time, such asfiscal year-end. Tracking net position over time, with its increases and decreases, is an indicatorof AHA’s financial position.

• The Statement of revenues, expenses and changes in net position presents financialinformation to show how AHA’s net position has changed during the fiscal year. It can be used tomeasure the success of AHA’s operations during the year and will indicate how AHA has fundedits costs.

• The Statement of cash flows presents financial information regarding AHA’s cash receipts andcash payments. It shows the inflows and outflows of cash resulting from operating, noncapitalfinancing activities, capital and related financing activities, and investing activities. This is a goodindicator of AHA’s ability to pay its obligations.

• The notes to the financial statements provide additional information that is essential to the fullunderstanding of the data provided in the financial statements.

AHA’s Programs

AHA operates the following programs:

• Housing Choice Voucher (HCV) Program - a HUD•funded program that provides rentsubsidies to families residing in privately•owned rental properties.

• Capital Improvement Programs - HUD•funded program that includes the Capital FundProgram that provides funds for new construction and the rehabilitation of existing housing units.

• Public Housing Program - a HUD•funded program under which AHA manages and maintains953 public housing rental units for eligible low•income families, seniors and individuals withdisabilities.

• TBRA - a pass through grant from the City of Albuquerque, AHA has housed over 17 homelessmembers of our community and has just signed a second year contract to increase another 50-60vouchers.

AHA received approximately 92% of its funding from U.S Department of Housing and Urban Development (HUD) programs. The revenue from the major programs from HUD and the overall increase is as follows:



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HUD Funded Programs 2018 2017 $ Change % Change

Low rent public housing 3,450,468$ 3,117,531 332,937$ 10.7%

Capital fund program 1,084,650 1,614,568 (529,918) -32.8%

Housing choice vouchers 27,469,165 25,404,721 2,064,444 8.1%

Total funding 32,004,283$ 30,136,820$ 1,867,463$

FINANCIAL ANALYSIS

General

Over time, net position may serve as a useful indicator of AHA’s financial health. At June 30, 2018, AHA’s assets and deferred outflow of resources exceeded liabilities and deferred inflow of resources by $22.7 million. A portion of net position, $12.7 million, is AHA’s investment in capital assets (e.g., land, buildings, furniture and equipment, and construction in progress) less any related debt used to acquire those assets still outstanding. AHA uses these capital assets to provide services and housing to its clients. Consequently, these assets are not available for future spending. Although AHA’s investment in capital assets is reported net of related debt, it should be noted the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position Information

Presented below are the comparisons of AHA’s assets, deferred outflows of resources, liabilities, deferred inflows of resources and net position information for FY 2018 and FY 2017. This information reflects the economic resources of AHA, as well as its economic obligations at the end of FY 2018 and FY 2017.



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ASSETS 2018 2017

Current assets 17,789,834$ 9,980,628$

Noncurrent restricted assets - 8,378,382

Capital assets, net 16,937,660 10,360,148

Total assets 34,727,494 28,719,158

DEFERRED OUTFLOWS OF RESOURCES 2,353,484 1,888,240

TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES 37,080,978 30,607,398

LIABILITIES

Current liabilities 1,541,696 799,853

Noncurrent liabilities 11,818,775 4,987,105

Total liabilities 13,360,471 5,786,958

DEFERRED INFLOWS OF RESOURCES 981,765 47,287

TOTAL LIABILITIES AND DEFERRED INFLOWS OF RESOURCES 14,342,236 5,834,245

NET POSITION

Net investment in capital assets 12,715,581 10,217,525

Restricted for housing projects 10,023,161 14,555,628

TOTAL NET POSITION 22,738,742$ 24,773,153$

Assets

During FY2018, total assets increased approximately $6 million. Current assets increased by $7.8 million or 78%. Restricted noncurrent assets decreased by $8.3 million as a result of the reclassification of LGIP investment dollars from restricted to unrestricted. Capital assets increased by approximately $6.6 million. This increase in capital assets for the period was a result of $7.9 million in building and improvements with offsets of $219 thousand of asset disposals and $1.1 million in depreciation expense.

Deferred Outflows of Resources

Pension contributions have been reported as deferred outflows of resources and will be recognized as a reduction of the net pension liability in subsequent years.

Liabilities

Total liabilities were $13.4 million at June 30, 2018 and $5.8 million at June 30, 2017. Current liabilities increased by $742 thousand or 93%. This increase in current liabilities for the period was a result of $156 thousand for the Bank of American loan (EPC Project) current portion of long term debt and $586 thousand of vendor invoices for capital improvements and normal operations.



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Noncurrent liabilities increased by $6.8 million. This is a net result of the addition of $3.1 million OPEB liability, a decrease in net pension liability of $350 thousand and an increase of $4.1 million for the Bank of America loan (EPC Project).

Deferred Inflows of Resources

The deferred inflows of resources is mainly attributed to the change in proportion and differences between AHA contributions and proportionate share of contributions. The deferred inflows of resources will be recognized in pension expense in future years.

Net Position

AHA’s net position totaled $22.7 million at June 30, 2018 and is comprised of net investment in capital assets of $12.7 million and restricted for housing projects of $10 million. Total net position decreased by $2 million, or approximately 8% as a result of investing reserve funds into capital improvements during the fiscal year. The balance in restricted net position represents resources available to meet AHA’s ongoing obligations to provide housing assistance programs to low income families, elderly and disabled households.

Revenues, Expenses, and Changes in Net Position Information

Presented below is a comparison of the revenues, expenses and changes in net position information for FY 2018 and FY 2017. The information reflects the result of operations for AHA and displays the sources of revenue, the nature of expenses for the year and the resulting change in net position. All revenues and expenses are accounted for on an accrual basis.

2018 2017

Total operating revenues 33,936,719$ 30,779,529$

Total operating expenses 33,581,687 33,489,799

Operating loss 355,032 (2,710,270)

Total nonoperating revenues, net 533,770 1,906,503

Change in net position 888,802 (803,767)

Net position, beginning of year 24,773,153 25,576,920

Prior period adjustment (2,923,213) -

Net position, end of year 22,738,742 24,773,153



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Operating Revenues and Expenses

AHA’s total operating revenues increased by 9% due to a $2.5 million increase funding from HUD in both HCV and Public Housing Operating subsidy. Total operating expense increased by $91,000 or 3% due to development planning and increased costs in legal and temporary workforce hiring. Utility costs reflect a dramatic decrease this year due to the EPC energy rebates received from gas, water and electric energy savings modifications.

Nonoperating Revenues, Expenses and Changes in Net Position

Nonoperating revenue of $534 thousand consisted only of capital grant funds. These funds were limited to the remaining balances of already existing funds, with no new capital grant funding released during FY 2018. FY 2018 had an overall increase in net position of $889 thousand as compared to a decrease of $804 thousand in FY 2017.

Capital Assets and Debt Administration

Net Capital Assets

At the end of FY 2018, AHA had $16,937,660, net of depreciation, invested in a broad range of capital assets including land, buildings, machinery, equipment, vehicles, and construction in progress. Additional information on AHA’s capital assets can be found in the notes to the financial statements.

Long-Term Obligations

At June 30, 2018, AHA had a non-interest repayment agreement with HUD in the amount of $142,623. This amount is payable in quarterly payments of $5,282. Additional information on AHA’s loan liability can be found in notes to the financial statements.

Furthermore AHA had a capital lease agreement related to an Energy Performance Contract (EPC) for $4,222,079.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET

New Mexico state economy is based on oil, gas production, tourism and federal government spending These are important drivers of the New Mexico economy where 25% of all jobs in the state are federal government spending. Albuquerque is the largest metropolitan city in the state. Top industries in Albuquerque include aerospace and defense, energy technology including solar energy, and semiconductor and computer chip manufacturing. Major employers in the Albuquerque area include Kirtland Air Force Base, Sandia National Laboratory and Intel Corporation. The unemployment rate in Albuquerque in May 2018 was 3.6% compared to the state average of 5.1% and the national average of 4%.

The average median income of an Albuquerque resident is $48,127 a year. Within Albuquerque 18.9% of people are at or below the poverty rate. The average income for AHA public housing residents is $10,295 and for Section 8 Housing Choice voucher holders is $14,121. Of the households served in these programs approximately a quarter are elderly and half are disabled. The City of Albuquerque’s 2018-2022 Consolidated Plan indicates a severe shortage of affordable housing for households earning less than 50%



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of the average median income, and an even greater shortage for households earning less than 30% of the average median income.

Apartment rents in the Albuquerque metro area continue to climb even though occupancy levels dipped slightly in January. Per the HUD office of Policy and Development report, Albuquerque had a rent growth of 3% this past year with average monthly rent from $839 in 2017 to $868 in 2018.

BUDGET

The operating budgets for AHA’s 2017•2018 fiscal year were approved by the Board of Housing Commissioners on June 21, 2017 and became effective July 1, 2017. The budget for all funds including Central Office Cost Center, Public Housing and Housing Choice Voucher programs show a deficit that is covered by reserves available for each of those programs. Combined, the estimated expenses are $35 million, with these funds being used primarily for HCV payments to landlords, public housing operations, salaries and benefits, upgrades, repairs and maintenance of AHA’s housing communities, as well as other operating costs.

AHA’s goal remains to continue to provide housing to the approximately 4,800 households served through its two core housing programs: Housing Choice Voucher (HCV) and Public Housing.

REQUESTS FOR INFORMATION

This financial report is designed to provide our citizens, taxpayers, tenants, investors, and creditors with a general overview of AHA’s finances and to demonstrate AHA’s accountability for the funds it receives. Questions concerning any of the information provided in this report or requests for additional information should be addressed to:

Albuquerque Housing AuthorityAttn: Barbara D’Onofrio

Director of Finance and Accounting1840 University Blvd. S.E.Albuquerque, NM 87106

December 31, 2017

ASSETSPrimary

GovernmentRio Housing

Associates, LLLP

Current assets

Cash and cash equivalents - unrestricted 16,354,964$ 89,302$

Cash and cash equivalents - restricted 1,083,250 836,695

Accounts receivable, net of allowance 160,481 51,741

Prepaid expenses 75,573 92,549

Inventory, net of allowance 115,566 -

Total current assets 17,789,834 1,070,287

Noncurrent assets

Notes receivable - 4,000,000

Other assets - 121,028

Capital assets

Nondepreciable 3,767,389 874,832

Depreciable, net of accumulated depreciation 13,170,271 10,500,065

Total noncurrent assets 16,937,660 15,495,925

Total assets 34,727,494 16,566,212

DEFERRED OUTFLOWS OF RESOURCES

Amounts related to pension and OPEB 2,353,484 -

TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES 37,080,978$ 16,566,212$


STATEMENTS OF NET POSITIONJune 30, 2018

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A COMPONENT UNIT OF THE CITY OF ALBUQUERQUE, NEW MEXICO

The accompanying notes are an integral part of these financial statements.

14

December 31, 2017

LIABILITIESPrimary

GovernmentRio Housing

Associates, LLLP

Current liabilities

Accounts payable 748,352$ 1,594,320$

Accrued payroll 46,129 -

Current portion of compensated absences 76,887 -

Other current liabilities 259,871 28,073

Unearned revenue 238 3,392

Tenant security deposits 233,026 17,195

Current portion of HUD payable 21,129 -

Current portion of mortgage payable - 3,500,000

Current portion of capital lease payable 156,064 -

Total current liabilities 1,541,696 5,142,980

Noncurrent liabilities

Compensated absences, net of current portion 95,502 -

Net pension liability 4,417,682 -

Net OPEB liability - health insurance 3,106,462 -

Net OPEB liability - life insurance 27,467 -

HUD payable, net of current portion 105,647 -

Capital lease payable, net of current portion and debt issuance costs 4,066,015 3,825,997

Total noncurrent liabilities 11,818,775 3,825,997

Total liabilities 13,360,471 8,968,977

DEFERRED INFLOWS OF RESOURCES

Amounts related to pension and OPEB 981,765 -

NET POSITION

Invested in capital assets, net of related debt 12,715,581 -

Restricted net position 784,312 -

Unrestricted net position 9,238,849 7,597,235

Total net position 22,738,742 7,597,235

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES,

AND NET POSITION 37,080,978$ 16,566,212$

A COMPONENT UNIT OF THE CITY OF ALBUQUERQUE, NEW MEXICOALBUQUERQUE HOUSING AUTHORITY

STATEMENTS OF NET POSITIONJune 30, 2018

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Year Ended

December 31, 2017Primary

Government

Rio Housing

Associates, LLLP

OPERATING REVENUES

Tenant rental revenue 2,201,657$ $ 176,921

Intergovernmental subsidies and grants 31,102,681 299,207

Other revenue 632,381 80,138

Total operating revenues 33,936,719 556,266

OPERATING EXPENSES

Administration 4,124,176 59,372

Tenant services 11,299 77,631

Utilities 765,923 79,224

Maintenance and operations 2,238,543 130,511

General 568,844 45,412

Housing assistance payments 24,792,017 -

Depreciation 1,080,885 92,075

Total operating expenses 33,581,687 484,225

Operating income 355,032 72,041

NONOPERATING REVENUES (EXPENSES)

Loss on sale of capital assets (47,463) -

Extraordinary maintenance (577,520) -

Interest income 95,905 161,660

Interest expense (10,503) (248,626)

Total nonoperating revenues (expenses) (539,581) (86,966)

Loss before capital grants and contributions (184,549) (14,925)

Capital grants 1,073,351 -

Capital contributions - 5,364,342

INCREASE IN NET POSITION 888,802 5,349,417

NET POSITION, BEGINNING OF YEAR, AS RESTATED 21,849,940 2,247,818

NET POSITION, END OF YEAR 22,738,742$ 7,597,235$


STATEMENTS OF REVENUES, EXPENSES, AND CHANGES IN NET POSITIONYear ended June 30, 2018

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Primary

Government

Cash flows from operating activities

Cash received from customers 2,428,484$

Operating subsidies and grants received 31,102,681

Other receipts 632,381

Housing assistance payments (24,792,017)

Principal payments on HUD payable (15,847)

Payments for salaries and benefits (3,589,320)

Payments to vendors and suppliers (2,154,840)

Net cash flows provided (used) by operating activities 3,611,522

Cash flows from capital and related financing activities

Expenditures for capital assets (8,009,890)

Loss on sale of capital assets 637,430

Capital grants received 1,073,351

Extraordinary maintenance (577,520)

Issuance of capital lease 4,237,871

Principal payments on capital lease payable (15,792)

Net cash flows provided (used) by capital and related financing activities (2,654,550)

Cash flows from investing activities

Interest income 95,905

Interest expense (10,503)

Net cash flows provided (used) by investing activities 85,402

NET INCREASE IN CASH 1,042,374

CASH AND CASH EQUIVALENTS, beginning of year 16,395,840

CASH AND CASH EQUIVALENTS, end of year 17,438,214$

A COMPONENT UNIT OF THE CITY OF ALBUQUERQUE, NEW MEXICOALBUQUERQUE HOUSING AUTHORITY

STATEMENTS OF CASH FLOWS Year Ended June 30, 2018

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Primary

Government

Reconciliation of operating income to net cash provided (used) by operating

activities

Operating income (loss) 355,032$

Adjustements to reconcile operating income to net cash used in operating activities:

Depreciation 1,080,885

Changes in operating assets and liabilities

Accounts receivable, net 222,128 Prepaid expenses 1,352,437 Inventory, net 36,984 Accounts payable 531,416 Accrued liabilities 43,788 Unearned revenue 238 Tenant security deposits 4,461

HUD payable (15,847)

Net cash provided by operating activities 3,611,522$

A COMPONENT UNIT OF THE CITY OF ALBUQUERQUE, NEW MEXICOSTATEMENTS OF CASH FLOWS

Year Ended June 30, 2018_____________



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NOTES TO THE FINANCIAL STATEMENTSJune 30, 2018

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1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. Reporting Entity

Albuquerque Housing Authority (AHA), a component unit of the City of Albuquerque, New Mexico (the “City”), is a separate public body-corporate that contracts with the U.S. Department of Housing and Urban Development (HUD) to provide affordable public housing (PH), housing choice voucher (HCV) assistance payments, and federal housing program oversight. AHA is funded by a combination of public housing tenant revenues, and U.S Department of Housing and Urban Development grants. AHA is responsible for its own debts, has its own powers of operation and relies on a variety of revenue streams, for its income.

AHA was established in 1967 as a department of the City. Enacted by the City Council, a Board of Housing Commissioners was established to govern AHA on July 1, 2011. As of July 1, 2014, AHA became a public body-corporate and is recognized as a quasi-governmental agency. For financial reporting purposes, AHA is considered a component unit of the City. As such, the financial condition and results of operations of AHA are included in the City’s financial statements.

Component UnitsComponent units are legally separate entities for which AHA is considered to be financially accountable and other organizations for which the nature and significance of their relationship with AHA are such that exclusion would cause the AHA financial statements to be misleading or incomplete. The determination to include a component unit in the reporting entity was made by applying the criteria set forth in Governmental Accounting Standards Board (GASB) Statement No. 61 – The Financial Reporting Entity: Omnibus – an amendment of GASB Statements No. 14 and No. 34. Based on the preceding criteria, the accompanying financial statements include the financial activities of the following component units:

Blended component units – the Authority reports the following blended component units:

AHA Rio Vista, LLC – Created on September 14, 2016, AHA Rio Vista, LLC was organized as a New Mexico single member limited liability company for the purpose of ownership and management of real estate for affordable housing and to engage in activities of providing affordable housing to community members.

AHA Rio Developer, LLC – Created on September 28, 2016, AHA Rio Developer, LLC was organized as a single member limited liability company for the purpose of development and improvement of real estate for affordable housing.



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A. Reporting Entity (continued)

Discretely presented component units – the Authority reports the following discretely presented component units:

Los Lobos Realty LLC – Created on October 3, 2016, Los Lobos Realty LLC was organized as a New Mexico limited liability company to serve as the general partner of Rio Housing Associates LLLP in connection with the acquisition, development and ownership and operation of an affordable housing development known as Rio Vista Apartments. AHA Rio Vista LLC, a blended component unit of AHA, is a 51% member of Los Lobos Realty LLC. The financial data for Los Lobos Realty LLC is insignificant and therefore the financial statements for Los Lobos Realty LLC are not presented in the accompanying financial statements.

Rio Housing Associates LLLP – Created on November 10, 2016, Rio Housing Associates LLLP was organized as a New Mexico limited liability limited partnership to acquire and rehabilitate Rio Vista Apartments. Rio Vista Apartments is a 75 unit apartment complex located in Albuquerque, New Mexico that qualify as low income housing units. The acquisition and rehabilitation will be completed as part of a low income tax credit partnership. Los Lobos Realty LLC is the general partner and owns a 0.01% interest in the partnership. Rio Housing Associates LLLP is presented as a discrete component unit in the accompanying financial statements. Rio Housing Associates LLLP follows all applicable FASB standards. Since it does not follow governmental accounting, for presentation purposes, certain transactions may be reflected differently in these financial statements then in its separately issued financial statements in order for it to conform to the presentation of the accompanying financial statements. Separately issued financial statements can be obtained at Wishrock Group, Three Canal Plaza, Suite 501, Portland, ME 04101.

Related Organizations

Rio Developers, LLC is considered a related organization of AHA Rio Developer, LLC, a blended component unit of AHA. Rio Developers LLC was organized to develop and rehabilitate a multi-family apartment complex known as Rio Vista Apartments that is owed by Rio Housing Associates LLLP, a discretely presented component unit. AHA Rio Developer, LLC is a limited partner with a 15% member interest in Rio Developers, LLC. AHA Rio Developer, LLC does not have voting majority of Rio Developers, LLC and cannot impose its will on Rio Developers,LLC nor is there a financial benefit received by or burden placed on AHA Rio Developer, LLC.

Please see Note H for additional information on these component units.



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B. Basis of Presentation

AHA’s financial statements are prepared in accordance with Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements and Management’s Discussion and Analysis for State and Local Governments and related statements, and are comprised of three components: Management’s Discussion and Analysis, Basic Financial Statements, and Supplementary Information. AHA follows GASB pronouncements as codified under GASB 62.

C. Measurement Focus and Basis of Accounting

AHA’s activity is accounted for using the flow of economic resources measurement focus and the accrual basis of accounting. These activities include, but are not limited to, administration, operation, maintenance, financing and related debt service, billing and collection. This proprietary type fund provides services which are intended to be financed primarily through user charges or activities where periodic determination of net income is appropriate.

AHA distinguishes operating revenues and expenses from nonoperating revenues and expenses. Operating revenues and expenses generally result from providing services in connection with AHA’s principal ongoing operations. The principal operating revenues, such as tenant revenues, result from exchange transactions in which each party receives and gives up essentially equal values. Operating expenses include the cost of services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues or expenses. These include federal housing grants, investment earnings, interest expense, and transactions that result from nonexchange transactions or ancillary activities.

D. Assets, Liabilities, and Net Position

1. Cash and Cash Equivalents

For purposes of reporting cash flows, cash and cash equivalents include cash on hand and held by banks in demand deposits and savings accounts. All pooled cash and investments (including restricted assets) are also considered to be cash equivalents although there are investments with a maturity in excess of three months when purchased because they have the characteristics of demand deposits. Non-pooled investments with original maturities of three months or more are deducted from cash and cash equivalents and changes therein are reported as cash flows from investing activities.

ALBUQUERQUE HOUSING AUTHORITY A COMPONENT UNIT OF THE CITY OF ALBUQUERQUE, NEW MEXICO

NOTES TO THE FINANCIAL STATEMENTS June 30, 2018

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2. Investments

The investment in the State of New Mexico local government investment pool (LGIP) is valued at fair value based on quoted market prices as of the valuation date in accordance with GASB Statement No. 31.

The LGIP is not SEC registered. The State Treasurer is authorized to invest the LGIP, with the advice and consent of the State Board of Finance, in accordance with Sections 6-10-10.I through 6-10-10.P and Sections 6-10-10.1A and E NMSA 1978. The pool does not have unit shares.According to Section 6-10-10.1F NMSA 1978, at the end of each month all interest is distributedby the State Treasurer to the contributing entities in amounts directly proportionate to therespective amounts deposited in the fund and the length of time the fund amounts were invested.Participation in the LGIP is voluntary. This pool is subject to the standards set forth in the StateTreasurer’s Local Government Investment Policy document incorporated in and made a part ofthe State Treasurer’s Investment Policy document. The Independent Auditor’s Report, togetherwith the Financial Statements, the accompanying Notes to the Financial Statements and theIndependent Auditor’s Report on Compliance and Internal Controls are available from the StateInvestment Council, 2055 South Pacheco Street, Suite 100, Santa Fe, New Mexico 87505, uponwritten request.

The following categories of investments are specifically authorized by AHA’s policy:

a) Direct obligations of the federal government backed by the full faith and credit of theUnited States

b) Obligations of federal government agenciesc) Securities of government sponsored agenciesd) Mutual fundse) Repurchase agreementsf) Demand, time, and money market deposit accounts

3. Receivables

All accounts receivable, except for restricted accounts receivable, are shown net of allowance for uncollectable accounts. The allowance for uncollectable accounts is based on management’s assessment of the collectability of specific accounts, aging of accounts receivable, historical experience and other currently available evidence.

4. Restricted Assets

Restricted assets arise principally from advanced grant funding, tenant security deposits, and tenant escrow deposits.



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5. Inventory

Inventory is valued at average cost and recorded as an expense when inventory items are consumed. Inventory consists primarily of appliances and materials for the Public Housing Program, such as refrigerators and toilets.

6. Capital Assets

Capital assets are stated at historical cost. Donated capital assets are recorded at estimated fair market value at the time received. State of New Mexico Administrative Code requires state and local governmental agencies to capitalize capital assets costing in excess of $5,000. Depreciation on capital assets is provided using the straight-line method over the estimated useful lives of the assets as follows:

Buildings and improvements 15 – 50 YearsMachinery and equipment 3 – 13 Years

7. Accrued Compensated Absences

Subject to specific limits, employees accumulate vacation pay that is payable upon termination or retirement. Vacation costs are recognized as a liability when incurred. Employees also accumulate specified amounts of sick leave that are payable to the employee upon retirement. Accumulated sick leave pay is recognized when vested or taken, whichever occurs first.

8. Defined Benefit Pension Plan

AHA is an affiliated public employer with the State of New Mexico Public Employees Retirement Association (PERA) for purposes of providing AHA employees with the benefits of a retirement program. Employees participate in a defined benefit plan offered by PERA. For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of PERA and additions to/deductions from PERA’s fiduciary net position have been determined on the same basis as they are reported by PERA, on the economic resources measurement focus and accrual basis of accounting. For this purpose, benefit payments, including refunds of employee contributions, are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.



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8. Defined Benefit Pension Plan (continued)

The June 30, 2014, PERA report included balances when AHA was a department with the City. The pension amounts reported by AHA at June 30, 2015, were based on the City’s actuarial amounts and study due to the integrated reporting by PERA and the City. The June 30, 2018, pension amounts reported by AHA reflect AHA’s individual pension costs and balances separate from the City. AHA’s reported pension amounts differ from the PERA report due to the amortization of the June 30, 2016, deferred outflows of resource and deferred inflows of resource balances.

9. Defined Benefit OPEB Plans

AHA is an affiliated public employer with the New Mexico Retiree Health Care Authority’s (RHCA) New Mexico Retiree Health Care Fund for purposes of providing AHA retired employees with health care insurance and prescription drug benefits. For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of RHCA and additions to/deductions from RHCA’s fiduciary net position have been determined on the same basis as they are reported by RHCA, on the economic resources measurement focus and accrual basis of accounting. For this purpose, benefit payments, including refunds of employee contributions, are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.

AHA also provides employees with retiree life insurance through Hartford. For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the life insurance plan and additions to/deductions from the plan’s fiduciary net position have been determined on the economic resources measurement focus and accrual basis of accounting. Investments are reported at fair value.

10. Unearned Revenue

Unearned revenue is reported as a liability payable from restricted assets for revenues collected in advance, and as a current liability for customer deposits received.

11. Long-term Liabilities

Long-term liabilities used to finance AHA’s capital acquisitions are recorded in the statement of net position. Revenues earned by AHA are used to liquidate these obligations.



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12. Net Position

Net position is reported in three categories:

• Net investment in capital assets – This category reflects the portion of net position that is associated with capital assets less outstanding capital asset related debt.

• Restricted net position - Restricted net position results from constraints placed on the use of net position when externally imposed by creditors, grantors, laws and regulations of other governments and imposed by law through constitutional provisions or enabling legislation. When both restricted and unrestricted resources are available for use, it is AHA’s policy to use restricted resources first and then unrestricted resources as they are needed. AHA’s restricted net position related to deposits held and Housing Choice Voucher equity restrictions as required by HUD.

• Unrestricted net position – This category reflects net position not restricted for any project or other purpose.

13. Use of Estimates in Preparation of Financial Statements

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting year. Actual results could differ from those estimates.

14. Budgets

An annual budget, which is not legally adopted, is prepared in accordance with the U.S. Department of Housing and Urban Development regulations on an accrual basis and includes both operating and debt service activities as a single budget. An annual submission of AHA board resolution approving the operating budget is submitted to the local HUD office with form HUD-52574.



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15. New Accounting Standards

AHA adopted the following accounting standards in 2018:

GASB No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. This statement replaces the requirements of GASB 45 and requires recognition and measurement of liabilities, deferred outflows of resources, deferred inflows of resources, and expenses related other postemployment benefits (OPEB) provided employees. The statement identifies assumptions required to be used to project benefit payments, discount of those payments, and the related note disclosures and supplementary information required to be reported.

GASB No. 85, Omnibus 2017. This statement addresses practice issues related to financial reporting of various matters including blended component units, investments, OPEB issues note addressed in GASB 75, and other reporting matters.

16. Future Accounting Standards

The GASB has issued several statements which have not yet been implemented by AHA but which are effective for future years. These statements include the following:

GASB No. 87, Leases, is effective for years beginning after December 15, 2019. This statement improves the accounting and financial reporting for leases by requiring the recognition of certain lease assets and liabilities that were classified as operating leases and recognized as inflows and outflows of resources based on the payment provisions of the contract.

GASB No. 90, Majority Equity Interests – An Amendment of GASB Statements No. 14 and No. 61, is effective for years beginning after December 15, 2018. This statements improves the consistency and comparability of reporting a government’s majority equity interest in legally separate organizations by defining a majority equity interest and requiring the use of the equity method.



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II. DETAILED NOTES

A. Cash, Cash Equivalents, and Tenant Deposits

AHA has adopted a formal Investment Policy that outlines its investment practices and policies. The primary purpose of the policy is to ensure safety of principal while managing liquidity to pay AHA’s financial obligations. AHA’s deposit policy is to have its deposits covered by insurance, collateralized or deposited in well capitalized institutions.

The total cash, cash equivalents, and tenant security deposits at June 30, 2018, consist of the following:

Deposits

Bank accounts at book balances 10,367,952$

Tenant deposits and escrows 298,938

Total deposits 10,666,890

Local government investment pool 6,771,324

Total cash, cash equivalents, and tenant security deposits 17,438,214$

As reported in the statement of net position

Cash and cash equivalents - unrestricted 16,354,964$

Cash and cash equivalents - restricted 1,083,250

17,438,214$

Custodial credit risk – Deposits – Custodial credit risk for deposits is the risk that in the event of a bank failure, AHA’s funds may not be returned to it. AHA is required to obtain from each bank that is a depository for public funds pledged collateral in an aggregate amount equal to one half of the public money in each account (Section 6-10-17 NMSA 1978). No security is required for the deposit of public money that is insured by the Federal Deposit Insurance Corporation (FDIC). Amounts in excess of FDIC limitations are collateralized. As of June 30, 2018, the carrying amount of bank deposits was $10,666,890 and the bank balance was $10,707,497. Of the bank balances, $250,000 was covered by federal depository insurance and $10,457,497 was collateralized by securities held by a third party bank at June 30, 2018. The bank balance was either insured or collateralized at June 30, 2018.



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A. Cash, Cash Equivalents, and Tenant Deposits (continued)

Custodial credit risk – Investments – Custodial credit risk with respect to investments is the risk that in the event of the failure of the counterparty, AHA will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. AHA’s investment policy requires that all security transactions, including collateral for repurchase agreements, entered into shall be conducted on a delivery-versus-payment basis. AHA’s investment in the Local Government Investment Pool (LGIP) represents a proportionate interest in the LGIP’s portfolio. AHA’s portion is not identified with specific investments and is not subject to custodial credit risk.

Credit risk – Credit risk is the risk that in the event an issuer or other counterparty to an investment does not fulfill its obligation, AHA will not be able to recover the value of its principle. As a rule, AHA’s general investment policy is to apply the prudent-person rule. Investments are made as a prudent person would be expected to act, with discretion and intelligence, to seek reasonable income, preserve capital and, in general, avoid speculative investments. AHA annually reviews its asset allocation strategies and guidelines for the percentage of its total portfolio that may be invested in securities other than repurchase agreements, U.S. Treasury bills and notes or insured/collateralized certificates of deposit. As part of the allocation evaluation, these guidelines are reviewed periodically, considering the probability of market and default risk in various investment sectors. The investment policy describes permitted investments as those allowed according to Section 6-10-10 NMSA. Among permitted investments, the investment policy requires that 1) repurchase agreements have a collateralized value of 102% of the par value of the agreement, and 2) certificates of deposit with local banks be fully insured by the FDIC. Investments in direct obligations of the U.S. treasury are permitted as are securities of the U.S. government agencies denoted in Section 6-10-10 F (2) NMSA 1978. The LGIP is rated AAAm by Standard and Poors.

Interest rate risk – Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of AHA’s investments. AHA’s investment policy limits its exposure to interest rate risk by requiring that no less than 80% of the funds invested in the core segment of the internal investment pool or in other discretionary funds be in maturities of no more than three years from date of purchase. No more than 20% of the funds may be invested in maturities between three and five years. Investment of nondiscretionary assets, including funds to be held in trust, may be committed to maturities up to ten years from the date of purchase. The LGIP maintains 99% of its holdings as investment grade (A-1 or AAA) or better, a weighted average maturity specific to the WAM (R) of 53 days, and WAM(F) of 109 days.



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B. Capital Assets

Capital asset activity for the year ended June 30, 2018 was as follows:

Balance

July 1, 2017 Increases Decreases

Balance

June 30, 2018

Capital assets not being depreciated:

Land 3,767,389$ -$ -$ 3,767,389$

Construction in Progress 145,961 - (145,961) -

Total 3,913,350 - (145,961) 3,767,389

Capital assets being depreciated:

Buildings & Improvements 58,705,970 7,846,376 (46,160) 66,506,186

Furniture & Equipment 1,661,001 163,514 (387,624) 1,436,891

60,366,971 8,009,890 (433,784) 67,943,077

Less: Accumulated Depreciation (53,920,173) (1,080,885) 228,252 (54,772,806)

Total 6,446,798 6,929,005 (205,532) 13,170,271

Capital Assets, Net 10,360,148$ 6,929,005$ (351,493)$ 16,937,660$

C. Long-term Obligations

The change in long-term obligations for the year ended June 30, 2018 is as follows:

Balance

July 1, 2017 Increases Decreases

Balance

June 30, 2018

Due in Less

than One

Year

Capital lease payable -$ 4,237,871$ (15,792)$ 4,222,079$ 156,064

HUD payable 142,623 - (15,847) 126,776 21,129

Accrued compensated absences 171,702 2,963 (2,276) 172,389 76,887

314,325$ 4,240,834$ (33,915)$ 4,521,244$ 254,080$

On June 25, 2014, AHA entered into a non-interest agreement with the U.S. Department of Housing and Urban Development to repay $711,294 in contract payments that did not comply with the funding source, the American Recovery and Reinvestment Act of 2009 and federal procurement requirements. The balance outstanding at June 30, 2018, was $126,776.



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C. Long-term Obligations (continued)

According to the agreement, the annual debt service requirements are as follows:

Year ending June 30,

2019 21,129$

2020 21,129

2021 21,129

2022 21,129

2023 21,129

2024 21,131

126,776$

Effective June 22, 2017, AHA entered into a Lease Purchase Agreement with Banc of America Public Capital Corporation through the Public Housing Energy Performance Contract (EPC)program. U.S. Department of Housing and Urban Development’s Energy Performance Contracting program is an innovative financing technique that uses cost savings from the reduction in energy consumption to repay the cost of installing Energy Conservation Measures (ECM). Under this lease purchase agreement, AHA is committed to borrow up to $4,090,059. The terms of the lease purchase is 15 years with interest payable at 3.88% annually. During the first year of the lease, AHA was not obligated to pay their required rental amount which increased their principal balance to $4,237,871 prior to AHA making monthly payments. The balance outstanding at June 30, 2018, was $4,222,079.

According to the agreement, the annual debt service requirements are as follows:

Year ending June 30, Principal Interest Total

2019 156,064$ 161,051$ 317,115$

2020 171,910 154,718 326,628

2021 188,673 147,754 336,427

2022 206,397 140,123 346,520

2023 225,129 131,787 356,916

2024-2033 3,273,906 675,649 3,949,555

4,222,079$ 1,411,082$ 5,633,161$



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D. Defined Benefit Pension Plan

Plan Description. The Public Employees Retirement Fund (PERA) is a cost-sharing, multiple employer defined benefit pension plan. The fund has six divisions of members, including State General, State Police/Adult Correction Officer, Municipal General, Municipal Police/Detention Officers, Municipal Fire, and State Legislative Divisions, and offers 24 different types of coverage within the PERA plan. All assets accumulated may be used to pay benefits, including refunds of member contributions, to any of the plan members or beneficiaries, as defined by the terms of this plan. Certain coverage plans are only applicable to a specific division. Eligibility for membership in the PERA Fund is set forth in the Public Employees Retirement Act (Chapter 10, Article 11, NMSA 1978). Except as provided for in the Volunteer Firefighters Retirement Act (10-11A-1 to 10-11A-7, NMSA 1978), the Judicial Retirement Act (10-12B-1 to 10-12B-19, NMSA 1978), the Magistrate Retirement Act (10-12C-1 to 10-12C-18, NMSA 1978), and the Educational Retirement Act (Chapter 22, Article 11, NMSA 1978), and the provisions of Sections 29-4-1 through 29-4-11, NMSA 1978 governing the State Police Pension Fund, each employee and elected official of every affiliated public employer is required to be a member in the PERA Fund.

PERA issues a publicly available financial report and a comprehensive annual financial report that can be obtained at http://saonm.org/ using the Audit Report Search function for agency 366.

AHA employees contributed to PERA as a part of the Municipal General Member Coverage Plan 3. The contribution rates for Municipal Plan 3 as of July 1, 2017, are for the employee 13.15% (ifannual salary of $20,000 or less) or 14.65% (if annual salary greater than $20,000), and theemployer contribution percentage is 9.55%.

Benefits provided. For a description of the benefits provided and recent changes to the benefits see Note 1 in the PERA audited financial for the fiscal year ended June 30, 2017, available at https://www.saonm.org/media/audits/366_Public_Employees_Retirement_Association_FY2017.pdf.

Contributions. The contribution requirement of defined benefit plan members and AHA are established in state statue under Chapter 10, Article 11, NMSA 1978. The contribution requirements may be amended by acts of the legislature. For the employer and employee contribution rates in effect for FY 2017 for the various PERA coverage options, for both Tier I and Tier II, see the tables available in the note disclosures on page 43 of the PERA FY 2017annual audit report at https://www.saonm.org/media/audits/366_Public_Employees_Retirement_Association_FY2017.pdf.

The PERA coverage options that apply specifically to AHA are the Municipal General Division. Statutorily required contributions to the pension plan from AHA for the year ended June 30, 2018, was $261,213.



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D. Defined Benefit Pension Plan (continued)

Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions

The PERA pension liability amounts, net pension liability amounts, and sensitivity information were based on an annual actuarial valuation performed as of June 30, 2016. The PERA pension liability amounts for each division were rolled forward for the valuation date to the Plan year ending June 30, 2017, using generally accepted actuarial principles. Therefore, the employer’s portion was established as the measurement date of June 30, 2017.

The assets of the PERA fund are held in one trust, but there are six distinct membership groups (municipal general members, municipal police members, municipal fire members, state general members, state police members and legislative members) for whom separate contribution rates are determined each year pursuant to chapter 10, Article 11 NMSA 1978. Therefore, the calculations of the net pension liability, pension expense and deferred Inflows and Outflows were preformed separately for each of the membership groups; municipal general members; municipal police members; municipal fire members; state general members; state police members and legislative members. AHA’s proportion of the net pension liability for each membership group that the employer participates in is based on the employer contributing entity’s percentage of that membership group’s total employer contributions for the fiscal years ended June 30, 2017. Only employer contributions for the pay period end dates that fell within the period of July 1 to June 30 were included in the total contributions for a specific employer. Regular and any adjustment contributions that applied to FY 2017 are included in the total contribution amounts for those fiscal years. In the event that an employer is behind in reporting to PERA its required contributions, an estimate (receivable) was used to project the unremitted employer contributions. This allowed for fair and consistent measurement of the contributions with the total population. This methodology was used to maintain consistent measurement each year in determining the percentages to be allocated among all the participating employers.

For PERA Municipal General Division, at June 30, 2018, AHA reported a liability of $4,417,682, for its proportionate share of the net pension liability. At June 30, 2017, AHA’s proportion was 0.3215 percent.

For the year ended June 30, 2018, AHA recognized PERA Municipal General Division pension expense of $(532,960).



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At June 30, 2018, AHA reported PERA Municipal General Division deferred outflows of resources and deferred inflows or resources related to pensions from the following sources:

Deferred

Outflows of

Resources

Deferred

Inflows of

Resources

Differences between expected and actual experience 173,585$ 226,260$

Change in assumptions 203,721 45,651

Net difference between projected and actual earnings on

pension plan investments 362,444 -

Changes in proportion and differences between AHA

contributions and proportionate share of contributions 1,298,312 -

AHA contributions subsequent to the measurement date 261,213 -

Total 2,299,275$ 271,911$

$261,213 reported as deferred outflows of resources related to pensions resulting from AHA contributions subsequent to the measurement date of June 30, 2017, will be recognized as a reduction of the net pension liability in fiscal year 2019. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:


2019 1,220,677$

2020 776,574

2021 136,035

2022 (105,922)

2,027,364$

Actuarial assumptions. As described above, the PERA Fund member group pension liabilities and net pension liabilities are based on actuarial valuations performed as of June 30, 2016, for each of the membership groups. Then each PERA Fund member group pension liability was rolled forward from the valuation dated to the Plan years ending June 30, 2017, using generally accepted actuarial principles. There were no significant events or changes in benefit provisions that required an adjustment to the roll-forward liabilities as of June 30, 2017. These actuarial methods and assumptions were adopted by the Board for use in the June 30, 2017, actuarial valuation.



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Actuarial Methods and AssumptionsActuarial valuation date June 30, 2016Actuarial cost method Entry Age NormalAmortization method Level Percent of Payroll, OpenAmortization period 30 YearsAsset valuation method 4 – Year Smoothed MarketInvestment rate of return 7.25% for 1st 9 years; 7.75% thereafterPayroll growth 2.75% for 1st 9 years; 3.25% thereafterProjected salary increases 3.25% - 13.50% Inflation assumption 2.25% for the 1st 9 years; 2.75% thereafter

The long-term expected rate of return on pension plan investments was determined using statistical analysis in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

ALL FUNDS – Asset ClassTarget

Allocation

Long-TermExpected RealRate of Return

Global Equity 43.50% 7.39%Risk Reduction & Mitigation 21.50% 1.79%Credit Oriented Fixed Income 15.00% 5.77%Real Assets 20.00% 7.35%

100.00%

Discount rate. The discount rate used to measure the total pension liability was 7.25 percent for the first 10 years (selected period) and 7.75 percent for all the other years (ultimate). The equivalent blended rate is 7.48 percent and will be used to measure the total pension liability. The projection of cash flows used to determine the discount rate assumed that future contributions will be made in accordance with statutory rates. On this basis, the pension plan’s fiduciary net position together with the expected future contributions are sufficient to provide all projected future benefit payments of current plan members as determined in accordance with GASB 67. Therefore, the 7.48% assumed long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.



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Sensitivity of AHA’s proportionate share of the net pension liability to changes in the discount rate. The following presents AHA’s proportionate share of the net pension liability calculated using the discount rate of 7.51 percent, as well as what AHA’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percent lower (6.51percent) or 1-percent higher (8.51 percent) than the current rate:

1% Decrease

(6.51%)

Current Discount

Rate (7.51%)

1% Increase

(8.51%)

AHA's proportionate share of the net

pension liability, at June 30, 2018 6,923,966$ 4,417,682$ 2,333,357$

Pension plan fiduciary net position. Detailed information about the pension plan’s fiduciary net position is available in the separately issued FY 2017 PERA Financial Reports. The report is available at http://www.pera.state.nm.us/publications.html.

Payables to the pension plan. There were no payable due to PERA of June 30, 2018.

E. Other Post-Employment Benefit Plans

1. Healthcare Plan

Plan description. AHA contributes to the New Mexico Retiree Health Care Fund, cost-sharing multiple-employer defined benefit postemployment healthcare plan administered by the New Mexico Retiree Health Care Authority (RHCA). The RHCA provides health care insurance and prescription drug benefits to retired employees of participating New Mexico government agencies, their spouses, dependents, and surviving spouses and dependents. The RHCA Board was established by the Retiree Health Care Act (Chapter 10, Article 7C, NMSA 1978). TheBoard is responsible for establishing and amending benefit provisions of the healthcare plan and is also authorized to designate optional and/or voluntary benefits like dental, vision, supplemental life insurance, and long-term care policies.

Benefits provided. RHCA is a multiple employer cost sharing defined benefit healthcare plan that provides eligible retirees, their spouses, dependents and surviving spouses and dependents with health insurance and prescription drug benefits consisting of a plan, or optional plans of benefits, that can be contributions to RHCA and by co-payments or out-of-pocket payments of eligible retirees.



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1. Healthcare Plan (continued)

Eligible retirees are: 1) retirees who make contributions to the fund for at least five years prior to retirement and whose eligible employer during that period of time made contributions as a participant in the RHCA plan on the person’s behalf unless that person retires before the employer’s RHCA effective date, in which event the time period required for employee and employer contributions shall become the period of time between the employer’s effective date and the date of retirement; 2) retirees defined by the Retiree Health Care Act who retired prior to July 1, 1990; 3) former legislators who served at least two years; and 4) former governing authority members who served at least four years.

The RHCA issues a publicly available stand-alone financial report that includes financial statements and required supplementary information for the postemployment healthcare plan. That report and further information can be obtained by writing to the Retiree Health Care Authority at 4308 Carlisle NE, Suite 104, Albuquerque, NM 87107.

Funding policy. The Retiree Health Care Act (Section 10-7C-13 NMSA 1978) authorizes the RHCA Board to establish the monthly premium contributions that retirees are required to pay for healthcare benefits. Each participating retiree pays a monthly premium according to a service based subsidy rate schedule for the medical plus basic life plan plus an additional participation fee of five dollars if the eligible participant retired prior to the employer’s RHCA effective date or is a former legislator or former governing authority member. Former legislators and governing authority members are required to pay 100% of the insurance premium to cover their claims and the administrative expenses of the plan. The monthly premium rate schedule can be obtained from the RHCA or viewed on their website at www.nmrhca.state.nm.us.

The employer, employee and retiree contributions are required to be remitted to the RHCA on a monthly basis. The statutory requirements for the contributions can be changed by the New Mexico State Legislature. Employers that choose to become participating employers are January 1, 1998, are required to make contributions to the RHCA fund in the amount determined to be appropriate by the board.



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Contributions. The Retiree Health Care Act (Section 10-7C-15 NMSA 1978) is the statutory authority that establishes the required contributions of participating employers and their employees. For employees who are members of an enhanced retirement plan (state police and adult correctional officer coverage plan 1; municipal police member coverage plans 3, 4 and 5; municipal fire member coverage plan 3, 4 and 5; municipal detention officer member coverage plan 1; and members pursuant to the Judicial Retirement Act [10-12B-1 NMSA 1978]), during the fiscal year ended June 30, 2015, the statute required each participating employer to contribute 2.5% of each participating employee’s annual salary, and each participating employee was required to contribute 1.25% of their salary. For employees that were not members of an enhanced retirement plan during the fiscal year ended June 30, 2015, the statute required each participating employer to contribute 2.0% of each participating employee’s annual salary; each participating employee was required to contribute 1.0% of their salary. In addition, pursuant to Section 10-7C-15(G) NMSA 1978, at the first session of the Legislature following July 1, 2013, the legislature shall review and adjust the distributions pursuant to Section 7-1-6.1 NMSA 1978 and the employer and employee contributions to the authority in order to ensure the actuarial soundness of the benefits provided under the Retiree Health Care Act. Employer contributions to RHCA were $56,024 for the year ended June 30, 2018.

OPEB liabilities, OPEB expense, deferred outflows of resources and deferred inflows of resources. As of June 30, 2018, AHA reported a net OPEB Liability for Retiree Health Care of $3,106,462 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of June 30, 2017, and the total OPEB liability used to calculate the OPEB liability was determined by an actuarial valuation as of June 30, 2016. As of June 30, 2018, AHA’s proportionate share of the OPEB liability was 0.06855%.

For year ended June 30, 2018, AHA recognized OPEB contribution expense of $3,759,489.As of June 30, 2018, AHA reported deferred outflows of resources and deferred inflow of resources related to OPEB Health Insurance from the following sources:

Deferred

Outflows of

Resources

Deferred

Inflows of

Resources

Differences between expected and actual experience -$ 119,210$

Change in assumptions - 543,125


pension plan investments - 44,689

Changes in proportion and differences between AHA

contributions and proportionate share of contributions - -

AHA contributions subsequent to the measurement date 53,997 -

Total 53,997$ 707,024$



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The amount of contributions related to fiscal year 2018 have been recorded as a reduction of the OPEB liability. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as OPEB expense as follows:


2019 (96,321)$

2020 (150,318)

2021 (150,318)

2022 (150,318)

2023 (105,752)

(653,027)$

Actuarial assumptions. The total OPEB liability in the June 30, 2017 valuation was determined using the following actuarial assumptions applied to all periods including the measurement:

Actuarial Methods and AssumptionsActuarial valuation date June 30, 2017Actuarial cost method Entry Age NormalInvestment rate of return 7.25% annual rate, net of investmentProjected salary increases 3.50% Discount rate 3.81%Mortality rate RP-2000 Combined Healthy MortalityHealthcare cost trend rate 8% graded down to 4.5% over 14 years for Non-

Medicare medical plan costs; 7.5% graded down to 4.5% over 12 years of Medicare medical plan costs

The long-term expected rate of return on OPEB plan investments was determined using a building block method in which the expected future real rates of return (net of investment fees and inflation) are developed for each major asset class. These returns are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage, adding expected inflation and subtracting expected investment expenses as a risk margin. The target allocation and projected arithmetic real rates of return for each major asset class, after deducting inflation, but before investments expenses, used in the derivation of the long-term expected investment rate of return assumptions.



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ALL FUNDS – Asset ClassTarget

Allocation

Long-TermExpected RealRate of Return

U.S. core fixed income 20.00% 4.10%U.S. equity – large cap 20.00% 9.10%Non-U.S. – emerging markets 15.00% 12.20%Non-U.S. – developed equities 12.00% 9.80%Private equity 10.00% 13.80%Credit and structured finance 10.00% 7.30%Real estate 5.00% 6.90%Absolute return 5.00% 6.10%U.S. equity – small cap 5.00% 9.10%

100.00%

Discount rate. The discount rate used to measure the total OPEB liability is 3.81% as of June 30, 2017. The projection of cash flows used to determine the discount rate assumed that employer contributions will be made at rates proportional to the actuary determined contribution rates. For this purpose, employer contributions that are intended to fund benefits of current plan members and their beneficiaries are included. Projected employer contributions that are intended to fund the service costs for future plan members and their beneficiaries are not included. Based on those assumptions, the Funds fiduciary net position was projected to be available to make all projected future benefit payments for current plan members through the fiscal year ending June 30, 2028. Thus, the 7.25% discount rate was used to calculate the net OPEB liability through 2029. Beyond 2029, the index rate for 20-year, tax exempt general obligation municipal bonds with an average rating of AA/Aa or higher. Thus 3.81% is the blended discount rate.

Sensitivity of AHA’s proportionate share of the net OPEB liability to changes in the discount rate. The following represents AHA’s proportionate share of the net OPEB liability calculated using the discount rate of 3.81 percent, as well as what AHA’s proportionate share of the net OPEB liability would be if it were calculated using a discount rate that is 1-percent lower (2.81 percent) or 1-percent higher (4.81 percent) than the current rate:

1% Decrease

(2.81%)

Current Discount

Rate (3.81%)

1% Increase

(4.81%)


OPEB liability, at June 30, 2018 3,768,090$ 3,106,462$ 2,587,355$



___________________________

40


Sensitivity of AHA’s proportionate share of the net OPEB liability to changes in the healthcare cost trend rates. The following represents AHA’s proportionate share of the net OPEB liability, as well as what AHA’s proportionate share of the net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percent lower or 1-percent higher than the current healthcare cost trend rates:

1% Decrease

Current

Trend Rates 1% Increase


OPEB liability, at June 30, 2018 3,768,090$ 3,106,462$ 2,587,355$

OPEB plan fiduciary net position. Detailed information about RHCA’s fiduciary net position is available in their separately issued OPEB Financial Report.

Payables to the OPEB Plan. There were no payable due to RHCA as of June 30, 2018.

2. Life Insurance Plan

Plan description. AHA provides continuation of life insurance coverage to its retiring employeesthrough an insured group life arrangement (plan).

Benefits provided. AHA provides $5,000 in life insurance coverage for employees whoretire from AHA under the Public Employees Retirement Association (PERA) of New Mexico. AHA contributes the full cost of retiree life insurance coverage. The current premium rate is $0.28 per $1,000 of life insurance for active and retired employees, regardless of age.

Funding policy. AHA currently financing its OPEB liability on a pay•as•you•go basis. Thediscount rate used in this valuation is based on the S&P Municipal Bond 20 YearHigh Grade Index. As of the beginning and end of the Measurement Period, this index requires use of discount rates of 2.68% as of June 30, 2016 and 3.13% as of June 30, 2017.

Contributions. AHA contributions to the Plan occur as benefits are paid to retirees and/or to the OPEB trust. Benefit payments may occur in the form of direct payments for premiums and taxes (“explicit subsidies”) and/or indirect payments to retirees in the form of higher premiums for active employees (“implicit subsidies”). Employer contributions to the plan were $211 for the year ended June 30, 2018.



___________________________

41

2. Life Insurance Plan

OPEB liabilities, OPEB expense, deferred outflows of resources and deferred inflows of resources. As of June 30, 2018, AHA reported a net OPEB Liability for Life Insurance of$27,467. The net OPEB liability was measured as of June 30, 2017, and the total OPEB liability used to calculate the OPEB liability was determined by an actuarial valuation as of June 30, 2017.

For year ended June 30, 2018, AHA recognized OPEB contribution expense of $30,086.As of June 30, 2018, AHA reported deferred outflows of resources and deferred inflow of resources related to Life Insurance from the following sources:

Deferred

Outflows of

Resources

Deferred

Inflows of

Resources

Differences between expected and actual experience -$ -$

Change in assumptions - 2,830


pension plan investments - -

AHA contributions subsequent to the measurement date 212 -

Total 212$ 2,830$

The amount of contributions related to fiscal year 2018 have been recorded as a reduction of the OPEB liability. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as OPEB expense as follows:


2019 (176)$

2020 (387)

2021 (387)

2022 (387)

2023 (387)

Thereafter (894)

(2,618)$



___________________________

42

2. Life Insurance Plan (continued)

Actuarial assumptions. The total OPEB liability in the June 30, 2017 valuation was determined using the following actuarial assumptions applied to all periods including the measurement:

Actuarial Methods and AssumptionsActuarial valuation date June 30, 2017Actuarial cost method Entry Age Normal Cost, level percent of payProjected salary increases 3.25% per year Discount rate 3.13%Mortality rate RP 2000 Employee Mortality for males and females

for pre-retirement mortality; RP 2000 Combined Health Table for males and females for post-retirement mortality for healthy retirees

Discount rate. The discount rate used to measure the total OPEB liability is 3.13% as of June 30, 2017.

Sensitivity of AHA’s net OPEB liability to changes in the discount rate. The discount rate used for the fiscal year end 2018 is 3.13%. The impact of a 1% increase or decrease in the discount rate is shown in the chart below. Healthcare cost trend rate is not applicable in the evaluation of life insurance benefits.

1% Decrease

(2.13%)

Current Discount

Rate (3.13%)

1% Increase

(4.13%)

Net OPEB liability, at June 30, 2018 35,274$ 27,467$ 21,706$

OPEB plan fiduciary net position. AHA does not maintain a trust for the plan and therefore the plan’s fiduciary net position is zero.

Payables to the OPEB Plan. There were no payable due to the plan as of June 30, 2018.

F. Risk Management

AHA is exposed to various risks of loss related to torts; theft; damage to and destruction of assets; workers’ compensation losses; errors and omissions; and natural disasters. AHA covers these risks through the purchase of commercial insurance. Settlement amounts have not exceeded insurance coverage except for deductibles since AHA separated from the City on July 1, 2014.



___________________________

43

G. Commitments and Contingencies

Federal and State Grant CommitmentsAHA has received a number of Federal grants for specific purposes. These grants are subject to audit and may result in discrepancies between the expenditures reported on the general ledger and requests for reimbursements to granting agencies that may not comply with the terms of the respective grant agreements. Based on prior experience, AHA management believes that such discrepancies, if any, will not be material.

Contingent LiabilitiesIn the normal course of business, AHA is subject to certain contingent liabilities and un-asserted claims. These contingencies are evaluated in light of asserted claims being probable and estimable. Those claims that are probable and estimable have been accrued in the accompanying financial statements. Claims that are possible and/or not estimable are disclosed herein. Remote claims are monitored until such time as they are resolved, disclosed, or accrued. AHA is subject to a personal injury claim which is currently pending in state court. AHA is vigorously defending this claim and no outcome has yet been determined.

H. Discretely Presented Component Unit – Rio Housing Associates, LLLP

As described in Note A, the reporting entity includes Rio Housing Associates LLLP as a discretely presented component unit based on criteria set forth in Governmental Accounting Standards Board (GASB) Statement No. 61 – The Financial Reporting Entity: Omnibus – an amendment of GASB Statements No. 14 and No. 34. Rio Housing Associates LLLP has a December 31, 2017, year-end. The last issued audited financial statements of Rio Housing Associates LLLP were as of December 31, 2017 and for the year then ended. The following represents the disclosures from the audited financial statements of Rio Housing Associates LLLP.

1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization - The Partnership was organized on November 10, 2015 as a Limited Liability Limited Partnership and began operations on November 15, 2016. The Partnership’s purpose is to acquire, own and operate a 75 unit apartment complex in Albuquerque, New Mexico, known as Rio Vista Apartments.

Federal Financial Assistance Programs - The Partnership has the following nonmajorfederal financial assistance programs:

Section 8 Housing Assistance Payments



___________________________

44

H. Discretely Presented Component Unit – Rio Housing Associates, LLLP (continued)

Method of Accounting - The financial statements of the Partnership are prepared on the accrual basis of accounting, and include only those assets, liabilities and results of operations which relate to the business of Rio Housing Associates LLLP.

Property and Equipment - Property and equipment are stated at cost. Depreciation is provided for in amounts sufficient to relate the cost of depreciable assets to operations over their estimated useful lives using the straight-line method. Repairs and maintenance are expensed and betterments and renewals are capitalized as incurred. When assets are retired or disposed of, their costs and related accumulated depreciation are removed from the accounts and the resulting gains or losses are reflected in income.

Capital asset activities for the year ended December 31, 2017 was as follows:

Balance

January 1, 2017 Increases Decreases

Balance

December 30,

2017

Land and improvements 541,803$ 333,029$ -$ 874,832$

Buildings and improvements 2,867,548 7,284,576 - 10,152,124

Furniture and fixtures 2,000 441,352 - 443,352

Construction in progress 1,318,034 - (1,318,034) -

4,729,385 8,058,957 (1,318,034) 11,470,308

Less: Accumulated Depreciation (11,981) (83,430) - (95,411)

Capital Assets, Net 4,717,404$ 7,975,527$ (1,318,034)$ 11,374,897$

Income Taxes - No provision for taxes on income is made in the Partnership's financialstatements since, as a limited liability Partnership, all taxable income and losses are allocated to the partners for inclusion in their respective tax returns.

A low-income tax credit pursuant to Internal Revenue Code Section 42 has been allocated to the partnership. This credit is allocated to the partners for inclusion in their respective tax returns. The project must be maintained as a low income rental project to realize the tax credit. If the project or any portion thereof is not low income, adverse tax consequences will occur.In accordance with accounting principles generally accepted in the United States of America, management has evaluated the Partnership’s exposure to material tax positions and determined that there are no such tax positions requiring accounting recognition. Income tax returns filed by the Partnership are subject to examination by the Internal Revenue Service for a period of three years. No income tax returns are currently being examined by the Internal Revenue Service. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.



___________________________

45


Cash – Cash includes cash on hand and amounts due from banks. Cash includes restricted deposits and funded reserves and tenant security deposits. Tenant security deposits are held in trust and may be returned to the tenants.

Use of Estimates - The preparation of financial statements in conformity with accountingprinciples generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

2. NOTES PAYABLE

A Promissory Note in the original amount of $1,875,000 is payable to the New Mexico Mortgage Finance Authority (HTF). The note is secured by the real estate. The note bears interest at 3% per annum, which approximates the effective interest rate. Monthly interest only payments on the loan shall be made until December 1, 2018, when the entire unpaid principal and interest is due in full. The balance of the note at December 31, 2017, was $1,875,000.

A Promissory Note in the original amount of $1,000,000 is payable to the New Mexico Mortgage Finance Authority (Primero). The note is secured by the real estate. The note bears interest at 2.5% per annum, which approximates the effective interest rate. Monthly interest only payments on the loan shall be made until December 1, 2018, when the entire unpaid principal and interest is due in full. The balance of the note at December 31, 2017, was $1,000,000.

A Promissory Note in the original amount of $625,000 is payable to the Ventana Fund. The note is secured by the real estate. The note bears interest at 2.5% per annum, which approximates the effective interest rate. Monthly interest only payments on the loan shall be made until December 1, 2018, when the entire unpaid principal and interest is due in full. The balance of the note at December 31, 2017, was $625,000.

The mortgage loans will be amortized during year ending 2018.

The partnership has a firm commitment with Prudential Affordable Mortgage Company, LLC to borrow up to $3,558,000.



___________________________

46


3. PARTNERS’ CAPITAL

The Partnership consists of one General Partner, Los Lobos Realty, LLC which owns 0.01%; one Investor Limited Partner, BF Rio Vista, LLC, which owns 99.99%; and one Special Limited Partner, BFIM Special Limited Partner, Inc. In accordance with the Partnership Agreement, the General Partner will make a capital contribution of $100; the Special Limited Partner will contribute $10; and the Limited Partner has committed to contribute $9,248,867, subject to tax credit adjustors.

During the year ended December 31, 2017, the Investor Limited Partner contributed $5,364,342. Additional capital contributions of $1,544,609 are expected to be received as certain benchmarks are met.

4. TRANSACTIONS WITH RELATED PARTY

Development Services Agreement - The Partnership has entered into an agreement with Rio Developer LLC, an entity related to the General Partner, for its services in overseeing the development and rehabilitation of the project. The Partnership shall pay a fee of $1,462,500 for these services, as determined by the allocating agency. During 2017, the full amount was earned and $1,096,875 remains payable and in included in accounts payable. The remaining balance will be paid from Limited Partner capital contributions or cash flow, to the extent available pursuant to the Partnership Agreement. In the event that any balance of the fee remains unpaid after the payment of the Seventh Installment of Capital Contributions, the fee shall be deferred, with interest at 5% per annum, compounding annually and payable from available cash flow, in accordance with the priority set forth in the Partnership Agreement.

Supervisory Management Fee - The Partnership has agreed to pay the General Partner an annual non-cumulative Supervisory Management Fee for its consulting services to the Partnership to be better able to distribute cash flow to its Partners. The fee shall be earned and payable only to the extent cash flow is available for distribution after the payments described in clauses first through eighth of Section 10.1A of the Partnership Agreement. The fee, with respect to any fiscal year, together with any management fees payable to the Management Agent pursuant to the terms of the Management Agreement, shall not exceed in the aggregate 12% of the Partnership’s cash receipts for such year. No fee was paid during 2017.

Priority Distribution - A priority distribution is payable to the Limited Partner, commencing in 2017, in an annual cumulative amount of $5,000, increasing 3% annually. The Priority Distribution shall be paid in accordance with the priority set forth in the Partnership Agreement.No distribution was paid during 2017.



___________________________

47


5. COMMITMENTS

Restricted Escrow Accounts - Under the terms of the various agreements, the Partnership is required to make deposits to escrow accounts to fund expected future costs as follows:

Replacement Reserve - Commencing on the date of the final closing, an amount equal to $1,875 per month shall be deposited into a reserve for replacements. At December 31, 2017, the reserve had not yet been set up.

Operating Reserve - The Partnership will establish an operating reserve in the amount of $295,992. The reserve is to be funded with proceeds of the sixth installment of capital contribution. At December 31, 2017, the reserve had not yet been set up.

Transaction Reserve - The Partnership shall establish a transition reserve in the amount of $225,000 from proceeds of the sixth installment of capital contribution. The reserve account is for any operating deficits that may arise in the event that the rental assistance under the HAP contract is reduced or terminated. At December 31, 2017, the reserve had not yet been set up.

Land Use Restriction Agreement - Pursuant to a land use restriction agreement with the New Mexico Mortgage Finance Authority, the Partnership is required to rent 75 units to tenants with income at or below 50% of area median income with 20% of units set aside for special needs. These restrictions shall remain in effect for a minimum of twenty (20) years.Construction Contract - The Partnership has entered into a construction contract with Tofel Construction for $5,321,220, for construction services in connection with the project. At December 31, 2017, the contract had been complete, and $400,026 remained payable on the contract and is included in accounts payable.

6. NOTE RECEIVABLE

The Partnership advanced $4,000,000 to Rio Housing BP Associates, LLLP during 2016 as a condition of acquisition of the project. The note bears interest at 4% per annum. Commencing November 1, 2017, annual payments of interest only shall be made and all unpaid principal and interest is due on November 1, 2046. The balance at December 31, 2017, was $4,000,000. See Note 7.



___________________________

48


7. CAPITAL LEASE PAYABLE

In November, 2016 the Partnership entered into a capital lease of land and building with Bernalillo County, New Mexico. The sale price was $4,000,000. This transaction is being accounted for as a capital lease. The lease term is 30 years and title transfers to the Partnership at the end of the lease term for $10. Principal under the capital lease obligation will be paid at the end of the lease term. The lease bears interest at 4%. The balance of the lease at December 31, 2017, was $4,000,000.

Commencing November 1, 2017 payments will be made to the Rio Housing BP Associates, LLLP (Note 6), such amounts at such times as are necessary to make all payments of principal, interest and any redemption price of the Bonds in accordance with the terms of the Bonds and the Indenture as and when due, with the final payment due November 1, 2046.

8. HOUSING ASSISTANCE PAYMENTS CONTRACT

During 2016, the Partnership assumed a HUD Housing Assistance Payments (HAP) Contract. The contract provides housing assistance payments to the project on behalf of qualified tenants for the difference between the contract rent and the eligible tenant’s contribution, as defined by HUD. Effective December 1, 2017, annual Section 8 contract rents total $657,900 and may not be increased without HUD approval.

9. MANAGEMENT CONTRACT

The Partnership entered into a management agreement with Capstone Real Estate Services, Inc. and is required to pay a management fee equal to 5% of gross collections received during the preceding month. Management fees incurred during 2017 were $25,040.

10. CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject the Partnership to concentrations of credit risk consist primarily of checking and time deposit accounts with financial institutions. These balances fluctuate greatly during the year and can exceed the $250,000 limit of FDIC coverage. Management regularly monitors the financial institutions, together with their respective cash balances, and attempts to maintain this potential risk at a minimum. At December 31, 2017, the Partnership had cash on deposit with financial institutions, including restricted escrows and tenant security deposits, of $948,209, all of which was insured by the FDIC or backed by government securities.



___________________________

49

I. Prior Period Adjustments

For the year ended June 30, 2018, the statement of revenues, expenses, and changes in net position reflected prior period adjustments decreasing net position by $2,923,213 and is comprised of the following:

• An adjustment to decrease net position by $3,716,992 as a result of the implementation of GASB 75 related to AHA’s participation in the New Mexico OPEB plans.

• An adjustment to increase net position by $793,779 as a result of improper recording of capital assets in prior periods.

Net Position at June 30, 2017 as originally reported 24,773,153$

Effect of prior period adjustments (2,923,213)

Net Position at June 30, 2017 as restated 21,849,940$

2018 2017 2016 2015AHA's proportion of the net pension liability 0.32% 0.30% 0.23% 0.29%

AHA's proportionate share of the net pension liability 4,417,682$ 4,764,231$ 2,300,187$ 2,235,616$

AHA's covered-employee payroll 2,735,214$ 2,823,780$ 2,553,351$ 1,867,571$

AHA's proportionate share of the net pension liability as a percentage

of its covered-employee payroll 161.51% 168.72% 90.09% 119.71%

Plan fiduciary net position as a percentage of the total pension liability 73.74% 69.18% 76.99% 81.29%

LAST 10 FISCAL YEARS*

_______________

*These amounts presented were determined as of June 30. This schedule is presented to illustrate the requirement to show information for 10 years.

However, until a full 10-year trend is compiled, AHA will present information for those years for which information is available.



SCHEDULE OF THE AUTHORITY'S PROPORTIONATE SHARE OF THE NET

PENSION LIABILITY OF PERA MUNICIPAL GENERAL DIVISION

PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA) PLAN

The accompanying notes are an integral part of the financial information.

50

2018 2017 2016 2015Contractually required contribution 261,213$ 269,671$ 243,845$ 178,353$ Contributions in relation to the contractually required contribution 261,213 269,671 243,845 178,353

Contribution deficiency (excess) -$ -$ -$ -$

AHA's covered-employee payroll 2,735,214 2,823,780 2,553,351 1,867,571

Contributions as a percentage of covered-employee payroll 9.55% 9.55% 9.55% 9.55%

_______________

PERA MUNICIPAL GENERAL DIVISION

*These amounts presented were determined as of June 30. This schedule is presented to illustrate the requirement to show information for 10years. However, until a full 10-year trend is compiled, AHA will present information for those years for which information is available.



SCHEDULE OF THE AUTHORITY'S CONTRIBUTIONS

PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA) PLAN



51

2018AHA's proportion of the net OPEB liability 0.69%

AHA's proportionate share of the net OPEB liability 3,106,462$

AHA's covered-employee payroll 2,801,285$

AHA's proportionate share of the net OPEB liability as a percentage

of its covered-employee payroll 110.89%

Plan fiduciary net position as a percentage of the total OPEB liability 11.34%

_______________



SCHEDULE OF THE AUTHORITY'S PROPORTIONATE SHARE OF THE NET

OPEB LIABILITY OF NEW MEXICO RETIREE HEALTH CARE AUTHORITY



52

2018Contractually required contribution 56,024$ Contributions in relation to the contractually required contribution 56,024

Contribution deficiency (excess) -$

AHA's covered-employee payroll 2,801,285

Contributions as a percentage of covered-employee payroll 2.00%

_______________



SCHEDULE OF THE AUTHORITY'S CONTRIBUTIONS

NEW MEXICO RETIREE HEALTH CARE AUTHORITY



53

Total OPEB liability 2018Service cost $ 2,871

Interest on the total OPEB liability 803

Changes in assumptions (3,217) Benefit payments (199)

Net change in total OPEB liability 258

Total OPEB liability - beginning 27,209

Total OPEB liability - ending 27,467$

Plan fiduciary net position

Contributions - employer 199$Benefit payments (199)

Net change in plan fiduciary net position -

Plan fiduciary net position - beginning -

Plan fiduciary net position - ending -$

Authority's net OPEB liability 27,467$

Plan's fiduciary net position as a percentage of the total OPEB liability 0.00%

Covered payroll 3,070,921$

Authority's net OPEB liability as a percentage of covered payroll 0.89%

*These amounts presented were determined as of June 30. This schedule is presented to illustrate

the requirement to show information for 10 years. However, until a full 10-year trend is compiled,

AHA will present information for those years for which information is available.


SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY AND RELATED RATIOS

_______________

LIFE INSURANCE PLAN




54


NOTES TO REQUIRED SUPPLEMENTAL INFORMATIONJune 30, 2018

______________

55

Actuarial assumptions for valuations performed. The information presented in the required

supplementary schedules was determined as part of the actuarial valuation at the dates indicated,

which is the most recent actuarial valuation. The actuarial assumptions used are disclosed in the

notes to the financial statements.

Changes of benefit terms:

The PERA Fund COLA and retirement benefit changes in recent years are described in Note 1 of

the PERA FY 2017 audit available at

https://www.saonm.org/media/audits/366_Public_Employees_Retirement_Association_FY2017.

pdf.

There were no changes to the benefit terms which impact the measurements provided in the

Albuquerque Pooled OPEB Trust.

There were no changes to the benefit terms which impact the measurements provided in the Life

Insurance OPEB plan.

Changes in assumptions:

The public Employees Retirement Association (PERA) of New Mexico Annual Actuarial

Valuation as of June 30, 2017, report are available at

http://www.nmpera.org/assets/uploads/downloads/retirement-fund-valuation-reports/6-30-2017-

PERA-Valuation-Report-FINAL.pdf.

The results as of June 30, 2018 were developed by a one-year roll forward of the results from the

July 1, 2017 valuation. The actuarial assumptions are contained in GASB 75 Actuarial Report

submitted as an Appendix to the Albuquerque Pooled OPEB Trust Plan separate report.

There were no changes in assumptions which the measurements provided in the Life Insurance

OPEB plan.

1 The actual program costs of Phase NM02P001501-10 are as follows:

Funds Approved 1,411,270$

Funds Expended 1,411,270

Excess/(Deficiency) of Funds -$

Funds Advanced 1,411,270$


Excess/(Deficiency) of Funds Advanced -$

2 There were no additions during the audit period.

3 The total program costs as stated on the Annual Statement/Performance and Evaluation

Report is in agreement with the Actual Modernization Cost Certificate as submitted to

HUD for approval is in agreement with the PHA's records.

4 All Capital Fund Program costs have been paid and all related liabilities have been

discharged through payment.


Albuquerque, New Mexico

Year ended June 30, 2018

Statement and Certification of Actual Capital Fund Program Costs

Grant Year NM02P001501-10

_______________


56

1 The actual program costs of Phase NM02P001501-11 are as follows:

Funds Approved 1,228,703$


Excess/(Deficiency) of Funds -$

Funds Advanced 1,228,703$


Excess/(Deficiency) of Funds Advanced -$

2 There were no additions during the audit period.

3 The total program costs as stated on the Annual Statement/Performance and Evaluation

Report is in agreement with the Actual Modernization Cost Certificate as submitted to

HUD for approval is in agreement with the PHA's records.

4 All Capital Fund Program costs have been paid and all related liabilities have been

discharged through payment.

Grant Year NM02P001501-11



Albuquerque, New Mexico

Year ended June 30, 2018

_______________

Statement and Certification of Actual Capital Fund Program Costs

57


FINANCIAL DATA SCHEDULEBALANCE SHEET SUMMARY

June 30, 2018__________________

Low-Rent

Public Housing

14.850

14.856 Lower

Income Housing

Assistance

Program_Section

8 Moderate

Housing Choice

Vouchers

14.871

ASSETS:

CURRENT ASSETS:

Cash:

Cash - Unrestricted 3,925,992 28,768 4,583,796

Cash - Restricted - Modernization and Development 359,583 - -

Cash - Other Restricted 11,472 - 479,169

Cash - Tenant Security Deposits 233,026 - -

Cash - Restricted for Payment of Current Liabilities - - -

Total Cash 4,530,073 28,768 5,062,965

Accounts and notes receivables:

Accounts Receivable - HUD Other Projects - - -

Accounts Recievable - Other Government - - -

Accounts Receivable - Miscellaneous - - -

Accounts Receivable - Tenants 103,986 - -

Allowance for Doubtful Accounts -Tenants (12,411) - -

Notes, Loans and Mortgages Receivable - Current - - -

Fraud Recovery - - 85,069

Allowance for Doubtful Accounts - Fraud - - (16,163)

Accrued Interest Receivable - - -

Total Receivables, Net 91,575 - 68,906

Other Current Assets:

Investments - Unrestricted - - -

Investments - Restricted - - -

Prepaid Expenses and Other Assets 12,417 - -

Inventories - - -

Allowance for Obsolete Inventories - - -

Inter Program Due From - - -

Assets Held for Sale - - -

TOTAL CURRENT ASSETS 4,634,065 28,768 5,131,871

NONCURRENT ASSETS:

Capital Assets:

Land 3,767,389 - -

Buildings 63,925,824 - -

Furniture, Equipment & Machinery - Dwellings - - 24,707

Furniture, Equipment & Machinery - Administration 497,539 - 175,513

Leasehold Improvements - - -

Accumulated Depreciation (51,350,949) - (188,602)

Construction in Progress - - -

Total Capital Assets, Net 16,839,803 - 11,618

Notes, Loans and Mortgages Receivable - Non-Current - - -

Other Assets - - -

TOTAL NONCURRENT ASSETS 16,839,803 - 11,618

Deferred Outflow of Resources 722,122 - 583,948

TOTAL ASSETS 22,195,990 28,768 5,727,437

58



June 30, 2018__________________

ASSETS:

CURRENT ASSETS:

Cash:

Cash - Unrestricted

Cash - Restricted - Modernization and Development

Cash - Other Restricted

Cash - Tenant Security Deposits

Cash - Restricted for Payment of Current Liabilities

Total Cash


Accounts Receivable - HUD Other Projects

Accounts Recievable - Other Government

Accounts Receivable - Miscellaneous

Accounts Receivable - Tenants

Allowance for Doubtful Accounts -Tenants

Notes, Loans and Mortgages Receivable - Current

Fraud Recovery

Allowance for Doubtful Accounts - Fraud

Accrued Interest Receivable

Total Receivables, Net


Investments - Unrestricted

Investments - Restricted

Prepaid Expenses and Other Assets

Inventories

Allowance for Obsolete Inventories

Inter Program Due From

Assets Held for Sale

TOTAL CURRENT ASSETS

NONCURRENT ASSETS:

Capital Assets:

Land

Buildings

Furniture, Equipment & Machinery - Dwellings

Furniture, Equipment & Machinery - Administration

Leasehold Improvements

Accumulated Depreciation

Construction in Progress

Total Capital Assets, Net

Notes, Loans and Mortgages Receivable - Non-Current

Other Assets

TOTAL NONCURRENT ASSETS

Deferred Outflow of Resources

TOTAL ASSETS

14.879 Mainstream

Vouchers HOME

Blended

Component Unit

58,302 - 106,059

- - -

- - -

- - -

- - -

58,302 - 106,059

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

58,302 - 106,059

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

58,302 - 106,059

59



June 30, 2018__________________

ASSETS:

CURRENT ASSETS:

Cash:

Cash - Unrestricted





Total Cash








Fraud Recovery








Inventories





NONCURRENT ASSETS:

Capital Assets:

Land

Buildings








Other Assets



TOTAL ASSETS

14.249 Section 8

Moderate

Rehabilitation

Single Room

Occupancy

COCC Subtotal

58,874 7,593,173 16,354,964

- - 359,583

- - 490,641

- - 233,026

- - -

58,874 7,593,173 17,438,214

- - -

- - -

- - -

- - 103,986

- - (12,411)

- - -

- - 85,069

- - (16,163)

- - -

- - 160,481

- - -

- - -

- 63,156 75,573

- 115,566 115,566

- - -

- 224,058 224,058

- - -

58,874 7,995,953 18,013,892

- - 3,767,389

- 2,580,362 66,506,186

- - 24,707

- 739,132 1,412,184

- - -

- (3,233,255) (54,772,806)

- - -

- 86,239 16,937,660

- - -

- - -

- 86,239 16,937,660

- 1,047,414 2,353,484

58,874 9,129,606 37,305,036

60



June 30, 2018__________________

ASSETS:

CURRENT ASSETS:

Cash:

Cash - Unrestricted





Total Cash








Fraud Recovery








Inventories





NONCURRENT ASSETS:

Capital Assets:

Land

Buildings








Other Assets



TOTAL ASSETS

ELIM Total

Rio Housing

Associates, LLLP

(Discretely Presented

Component Unit)

- 16,354,964 89,302

- 359,583 -

- 490,641 819,500

- 233,026 17,195

- -

- 17,438,214 925,997

-

- - -

- - -

- - 51,741

- 103,986 -

- (12,411) -

- - -

- 85,069 -

- (16,163) -

- - -

- 160,481 51,741

- - -

- - -

- 75,573 92,549

- 115,566 -

- - -

(224,058) -

- - -

(224,058) 17,789,834 1,070,287

-

- 3,767,389 874,832

- 66,506,186 10,152,124

- 24,707 -

- 1,412,184 443,352

- - -

- (54,772,806) (95,411)

- - -

- 16,937,660 11,374,897

- - 4,000,000

- - 121,028

- 16,937,660 15,495,925

- 2,353,484 -

(224,058) 37,080,978 16,566,212

61



June 30, 2018__________________

Low-Rent

Public Housing

14.850

14.856 Lower

Income Housing

Assistance

Program_Section

8 Moderate

Housing Choice

Vouchers

14.871

LIABILITIES AND NET POSITION

LIABILITIES:

CURRENT LIABILITIES:

Accounts Payable <= 90 Days 98,525 - -

Accrued Wage/Payroll Taxes Payable 9,703 - 20,766

Accrued Compensated Absences - Current Portion 29,051 - 13,129

Accrued Interest Payable - - -

Accounts Payable - HUD PHA Programs - - -

Tenant Security Deposits 233,026 - -

Unearned Revenue 218 - -

Current Portion of Long Term Debt - Capital Projects/Mortgage Revenue 156,064 - -

Other Current Liabilities 11,512 - 54,400

Accrued Liabilities - Other 45,226 - 95,451

Loan Liability - Current - - -

Inter Program - Due To - - 224,058

TOTAL CURRENT LIABILITIES 583,325 - 407,804

NONCURRENT LIABILITIES:

Long-term Debt, Net of Current - Capital Projects/Mortgage Revenue 4,066,015 - -

Non-current Liabilities - Other - - -

Accrued compensated Absences - Non Current 30,212 - 16,204

Non-current Liabilities - Other - - -

Loan Liability - Non-Current - - -

Accrued Pension and OPEB Liabilities 2,318,643 1,884,974

TOTAL NONCURRENT LIABILITIES 6,414,870 - 1,901,178

TOTAL LIABILITIES 6,998,195 - 2,308,982

Deferred Inflow of Resources 295,584 - 262,492

NET POSITIONNet Investment in Capital Assets 12,617,724 - 11,618

Restricted Net Position 359,543 - 424,769

Unrestricted Net Position 1,924,944 28,768 2,719,576

TOTAL NET POSITION 14,902,211 28,768 3,155,963

TOTAL LIABILITIES AND NET POSITION 22,195,990 28,768 5,727,437

62



June 30, 2018__________________

ASSETS:LIABILITIES AND NET POSITION

LIABILITIES:


Accounts Payable <= 90 Days

Accrued Wage/Payroll Taxes Payable

Accrued Compensated Absences - Current Portion

Accrued Interest Payable

Accounts Payable - HUD PHA Programs

Tenant Security Deposits

Unearned Revenue

Current Portion of Long Term Debt - Capital Projects/Mortgage Revenue

Other Current Liabilities

Accrued Liabilities - Other

Loan Liability - Current

Inter Program - Due To

TOTAL CURRENT LIABILITIES


Long-term Debt, Net of Current - Capital Projects/Mortgage Revenue

Non-current Liabilities - Other

Accrued compensated Absences - Non Current


Loan Liability - Non-Current

Accrued Pension and OPEB Liabilities

TOTAL NONCURRENT LIABILITIES

TOTAL LIABILITIES

Deferred Inflow of Resources

NET POSITIONNet Investment in Capital Assets

Restricted Net Position

Unrestricted Net Position

TOTAL NET POSITION

TOTAL LIABILITIES AND NET POSITION

14.879 Mainstream

Vouchers HOME

Blended

Component Unit

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

58,302 - 106,059

58,302 - 106,059

58,302 - 106,059

63



June 30, 2018__________________


LIABILITIES:








Unearned Revenue















TOTAL LIABILITIES





TOTAL NET POSITION


14.249 Section 8

Moderate

Rehabilitation

Single Room

Occupancy

COCC Subtotal

- 649,827 748,352

- 15,660 46,129

- 34,707 76,887

- - -

- - -

- - 233,026

- 20 238

- - 156,064

- - 65,912

- 53,282 193,959

- 21,129 21,129

- - 224,058

- 774,625 1,765,754

- - 4,066,015

- - -

- 49,086 95,502

- 105,647 105,647

- 3,347,994 3,347,994

- - 4,203,617

- 3,502,727 11,818,775

- 4,277,352 13,584,529

- 423,689 981,765

- 86,239 12,715,581

- - 784,312

58,874 4,342,326 9,238,849

58,874 4,428,565 22,738,742

58,874 9,129,606 37,305,036

64



June 30, 2018__________________


LIABILITIES:








Unearned Revenue















TOTAL LIABILITIES





TOTAL NET POSITION


ELIM Total

Rio Housing

Associates, LLLP

(Discretely Presented

Component Unit)

- 748,352 1,594,320

- 46,129 -

- 76,887 -

- - -

- - -

- 233,026 17,195

- 238 3,392

- 156,064 3,500,000

- 65,912 28,073

- 193,959 -

- 21,129

(224,058) - -

(224,058) 1,541,696 5,142,980

- 4,066,015 3,825,997

- - -

- 95,502 -

- 105,647 -

- 3,347,994

- 4,203,617 -

- 11,818,775 3,825,997

(224,058) 13,360,471 8,968,977

- 981,765 -

- 12,715,581 -

- 784,312 -

- 9,238,849 7,597,235

- 22,738,742 7,597,235

(224,058) 37,080,978 16,566,212

65


FINANCIAL DATA SCHEDULEREVENUE AND EXPENSE SUMMARY

June 30, 2018__________________

Low-Rent

Public Housing

14.850

14.856 Lower

Income Housing

Assistance

Program_Section 8

Moderate

Housing Choice

Vouchers

14.871

REVENUES:

Net Tenant Rental Revenue 2,201,657 - -

Tenant Revenue - Other - - -

Total Tenant Revenue 2,201,657 - -

HUD PHA Operating Grants 3,461,767 47,181 27,189,618

Capital Grants 1,073,351 - -

Management Fee - - -

Asset Management Fee - - -

Book Keeping Fee - - -

Front Line Service Fee - - -

Other Fees - - -

Total Fee Revenue - - -

Other Government Grants - - -

Investment Income - Unrestricted - - -

Mortgage Interest Income - - -

Proceeds from Disposition of Assets Held for Sale - - -

Cost of Sale of Assets - - -

Fraud Recovery - - 123,124

Other Revenue 176,337 - 106

Gain or Loss on Sale of Capital Assets (41,842) - 11,617

Investment Income - Restricted - - -

TOTAL REVENUES 6,871,270 47,181 27,324,465

EXPENSES:

Administrative

Administrative Salaries 489,040 271 702,015

Auditing Fees 11,500 500 33,503

Management Fee 536,013 - 555,864

Book-keeping Fee 80,822 - 305,721

Advertising and Marketing - - -

Employee Benefit contributions - Administrative 178,031 105 205,163

Office Expenses 203,338 5,757 431,097

Legal Expense 45,885 - 79,327

Travel Expense 6,954 - 11,534

Other 14,338 - 37,085

Total Administrative Expense 1,565,921 6,633 2,361,309

Asset Management Fee 107,760 - -

Tenant Services

Tenant Services - Salaries - - -

Relocation Costs 11,299 - -

Employee Benefit Contributions - Tenant Services - - -

Tenant Services - Other - - -

Total Tenant Services 11,299 - -

Utilities

Water 615,719 - 1,129

Electricity 182,561 - 19,392

Gas (68,715) - 5,443

Sewer - - -

Other Utilities Expense - - -

Total Utilities 729,565 - 25,964

Ordinary Maintenance & Operations

Ordinary Maintenance and Operations - Labor 316,653 - 2,247

Ordinary Maintenance and Operations - Materials and Other 297,255 - 2,051

Ordinary Maintenance and Operations Contracts 1,556,688 - 157,615

Employee Benefit Contributions - Ordinary Maintenance 84,214 - -

Total Maintenance 2,254,810 - 161,913

66



June 30, 2018__________________

REVENUES:

Net Tenant Rental Revenue

Tenant Revenue - Other

Total Tenant Revenue

HUD PHA Operating Grants

Capital Grants

Management Fee

Asset Management Fee

Book Keeping Fee

Front Line Service Fee

Other Fees

Total Fee Revenue

Other Government Grants

Investment Income - Unrestricted

Mortgage Interest Income

Proceeds from Disposition of Assets Held for Sale

Cost of Sale of Assets

Fraud Recovery

Other Revenue

Gain or Loss on Sale of Capital Assets

Investment Income - Restricted

TOTAL REVENUES

EXPENSES:

Administrative

Administrative Salaries

Auditing Fees

Management Fee

Book-keeping Fee

Advertising and Marketing

Employee Benefit contributions - Administrative

Office Expenses

Legal Expense

Travel Expense

Other

Total Administrative Expense


Tenant Services

Tenant Services - Salaries

Relocation Costs

Employee Benefit Contributions - Tenant Services

Tenant Services - Other

Total Tenant Services

Utilities

Water

Electricity

Gas

Sewer

Other Utilities Expense

Total Utilities


Ordinary Maintenance and Operations - Labor

Ordinary Maintenance and Operations - Materials and Other

Ordinary Maintenance and Operations Contracts

Employee Benefit Contributions - Ordinary Maintenance

Total Maintenance

14.879 Mainstream

Vouchers HOME Blended Component Unit

- - -

- - -

- - -

279,547 - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- 79,124 -

- - -

- - -

- - -

- - -

- - -

- - 53,153

- - -

- - - 279,547 79,124 53,153

1,227 1,316 -

- - -

- - -

- - -

- - -

475 - -

31,021 - -

- - 1,821

- - -

- - 16

32,723 1,316 1,837

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

67



June 30, 2018__________________

REVENUES:





Capital Grants

Management Fee


Book Keeping Fee


Other Fees

Total Fee Revenue






Fraud Recovery

Other Revenue



TOTAL REVENUES

EXPENSES:

Administrative


Auditing Fees

Management Fee

Book-keeping Fee



Office Expenses

Legal Expense

Travel Expense

Other



Tenant Services


Relocation Costs




Utilities

Water

Electricity

Gas

Sewer


Total Utilities






Total Maintenance

14.249 Section 8 Moderate

Rehabilitation Single Room

Occupancy

COCC Subtotal

- - 2,201,657

- - -

- - 2,201,657

45,444 - 31,023,557

- - 1,073,351

- 1,091,877 1,091,877

- 107,760 107,760

- 386,541 386,541

- 406,233 406,233

- 162,312 162,312

- 2,154,723 2,154,723

- - 79,124

- 95,905 95,905

- - -

- - -

- - -

- - 123,124

- 279,661 509,257

- (17,238) (47,463)

- - - 45,444 2,513,051 37,213,235

402 1,064,118 2,258,389

500 - 46,003

- - 1,091,877

- - 386,543

- - -

161 299,095 683,030

9,282 174,326 854,821

- 41,368 168,401

- 21,682 40,170

- 21,923 73,362

10,345 1,622,512 5,602,596

- - 107,760

- - -

- - 11,299

- - -

- - -

- - 11,299

- 1,631 618,479

- 6,384 208,337

- 2,379 (60,893)

- - -

- - -

- 10,394 765,923

- 199,082 517,982

- 31,786 331,092

- 113,792 1,828,095

- 45,705 129,919

- 390,365 2,807,088

68



June 30, 2018__________________

REVENUES:





Capital Grants

Management Fee


Book Keeping Fee


Other Fees

Total Fee Revenue






Fraud Recovery

Other Revenue



TOTAL REVENUES

EXPENSES:

Administrative


Auditing Fees

Management Fee

Book-keeping Fee



Office Expenses

Legal Expense

Travel Expense

Other



Tenant Services


Relocation Costs




Utilities

Water

Electricity

Gas

Sewer


Total Utilities






Total Maintenance

ELIM Total

Rio Housing Associates,

LLLP (Discretely

Presented Component

Unit)

- 2,201,657 176,921

- - 80,138

- 2,201,657 257,059

- 31,023,557 299,207

- 1,073,351 -

(1,091,877) -

(107,760) -

(386,541) -

(406,233) -

(162,312) -

(2,154,723) - -

- 79,124 -

- 95,905 161,660

- - -

- - -

- - -

- 123,124 -

- 509,257 -

- (47,463) -

- - - (2,154,723) 35,058,512 717,926

-

- 2,258,389 -

- 46,003 10,750

(1,091,877) - 25,040

(386,541) 2 -

- - -

- 683,030 -

854,821 9,022

- 168,401 -

- 40,170 -

- 73,362 11,865

(1,478,418) 4,124,178 56,677

(107,760) -

- - -

- 11,299 -

- - -

- - 77,631

- 11,299 77,631

- 618,479 6,479

- 208,337 59,881

- (60,893) 6,682

- - 6,182

- - -

- 765,923 79,224

- 517,982 87,511

- 331,092 3,318

(568,545) 1,259,550 39,682

- 129,919 -

(568,545) 2,238,543 130,511

69



June 30, 2018__________________

Low-Rent

Public Housing

14.850

14.856 Lower

Income Housing

Assistance

Program_Section 8

Moderate

Housing Choice

Vouchers

14.871

Protective Services

Protective Services - Other Contract Costs - - -

Total Protective Services - - -

Insurance Premiums

Property Insurance - - -

Liability Insurance - - -

Workmen's Compensation - - -

All Other Insurance 175,255 - 63,725

Total insurance Premiums 175,255 - 63,725

General Expenses

Other General Expenses 14,011 - 7,304

Compensated Absences - - (2,276)

Payments in Lieu of Taxes - - -

Bad debt - Tenant Rents 73,527 - -

Bad debt - Other - - -

Severance Expense - - -

Total Other General Expenses 87,538 - 5,028

Financial Expenses

Interest of Mortgage (or Bonds) Payable 10,503 - -

Total Financial Expenses 10,503 - -

TOTAL OPERATING EXPENSES 4,942,651 6,633 2,617,939

EXCESS OPERATING REVENUE 1,928,619 40,548 24,706,526

Extraordinary Maintenance 577,520 - -

Casualty Losses - Non-Capitalized 84,732 - -

Housing Assistance Payments - 32,178 24,397,959

HAP Portability - In - - -

Fraud Losses 29,391

Depreciation Expense 985,824 - -

Total Other Expenses 1,648,076 32,178 24,427,350

TOTAL EXPENSES 6,590,727 38,811 27,045,289

EXCESS OF REVENUE OVER EXPENSES 280,543 8,370 279,176

Other Financing Sources

Operating Transfer In - - -

Operating Transfer Out - - -

Inter Project Excess Cash Transfer In 353,376 -

Inter Project Excess Cash Transfer Out (353,376) -

Transfers from/to Component Unit - - -

Transfers between Project and Program - In - - -

Transfers between Project and Program - Out - - -

Extraordinary Items, Net Gain/Loss - - -

Prior Period Adjustments, Equity Transfers, and Correction of Errors 1,646,296 - (929,249)

Beginning Net Position 12,975,372 20,398 3,806,036

Ending Net Position 14,902,211 28,768 3,155,963

70



June 30, 2018__________________

REVENUES:

Protective Services

Protective Services - Other Contract Costs

Total Protective Services

Insurance Premiums

Property Insurance

Liability Insurance

Workmen's Compensation

All Other Insurance

Total insurance Premiums

General Expenses

Other General Expenses

Compensated Absences

Payments in Lieu of Taxes

Bad debt - Tenant Rents

Bad debt - Other

Severance Expense

Total Other General Expenses

Financial Expenses

Interest of Mortgage (or Bonds) Payable

Total Financial Expenses

TOTAL OPERATING EXPENSES

EXCESS OPERATING REVENUE

Extraordinary Maintenance

Casualty Losses - Non-Capitalized

Housing Assistance Payments

HAP Portability - In

Fraud Losses

Depreciation Expense

Total Other Expenses

TOTAL EXPENSES

EXCESS OF REVENUE OVER EXPENSES


Operating Transfer In

Operating Transfer Out

Inter Project Excess Cash Transfer In

Inter Project Excess Cash Transfer Out

Transfers from/to Component Unit

Transfers between Project and Program - In

Transfers between Project and Program - Out

Extraordinary Items, Net Gain/Loss

Prior Period Adjustments, Equity Transfers, and Correction of Errors

Beginning Net Position

Ending Net Position

14.879 Mainstream

Vouchers HOME Blended Component Unit

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

32,723 1,316 1,837

246,824 77,808 51,316

- - -

- - -

- 77,808 -

240,970 - -

- - -

- - -

240,970 77,808 -

273,693 79,124 1,837

5,854 - 51,316

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

52,448 - 54,743

58,302 - 106,059

71



June 30, 2018__________________

REVENUES:

Protective Services



Insurance Premiums

Property Insurance

Liability Insurance


All Other Insurance


General Expenses





Bad debt - Other

Severance Expense


Financial Expenses









Fraud Losses



TOTAL EXPENSES













Ending Net Position

14.249 Section 8 Moderate

Rehabilitation Single Room

Occupancy

COCC Subtotal

- - -

- - -

- - -

- - -

- - -

- 123,173 362,153

- 123,173 362,153

- - 21,315

- - (2,276)

- - -

- - 73,527

- - -

- - -

- - 92,566

- - 10,503

- - 10,503

10,345 2,146,444 9,759,888

35,099 366,607 27,453,347

- - 577,520

- - 84,732

43,102 - 24,551,047

- - 240,970

- - 29,391

- 95,061 1,080,885

43,102 95,061 26,564,545

53,447 2,241,505 36,324,433

(8,003) 271,546 888,802

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- (3,640,260) (2,923,213)

66,877 7,797,279 24,773,153

58,874 4,428,565 22,738,742

72



June 30, 2018__________________

REVENUES:

Protective Services



Insurance Premiums

Property Insurance

Liability Insurance


All Other Insurance


General Expenses





Bad debt - Other

Severance Expense


Financial Expenses









Fraud Losses



TOTAL EXPENSES













Ending Net Position

ELIM Total

Rio Housing Associates,

LLLP (Discretely

Presented Component

Unit)

- - -

- - -

- - 12,561

- - -

- - 1,534

- 362,153 16,557

- 362,153 30,652

- 21,315 6,971

- (2,276) -

- - 7,789

- 73,527 2,695

- - -

- - -

- 92,566 17,455

- 10,503 248,626

- 10,503 248,626

-

(2,154,723) 7,605,165 640,776

-

- 27,453,347 77,150

-

577,520

- 84,732 -

- 24,551,047 -

- 240,970 -

- 29,391 -

- 1,080,885 92,075

- 26,564,545 92,075

(2,154,723) 34,169,710 732,851

- 888,802 (14,925)

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- (2,923,213) 5,364,342

- 24,773,153 2,247,818

- 22,738,742 7,597,235

73

Account Name

Type of

Account Bank Balance

Outstanding

(checks)

deposits Book Balance

Deposits

Wells Fargo

Housing Authority - Section 8 Checking 5,176,310$ (19,765) 5,156,545$

Rio Vista Developer LLC Checking 107,880 - 107,880

Housing Authority - Public Housing Checking 5,017,565 (22,880) 4,994,685

Housing Authority - Public Housing FSS Checking 11,473 - 11,473

Housing Authority - Section 8 FSS Checking 52,363 2,037 54,400

Bank of AmericaHousing Authority - EPC Cash Checking 341,907 - 341,907

10,707,498 (40,608) 10,666,890

Investments

Local Government Investment PoolLGIP Fund Pool - 4101 Investment 6,771,324 - 6,771,324

Total cash and investments 17,478,822$ (40,608)$ 17,438,214$


SCHEDULE OF DEPOSITS AND INVESTMENTS

June 30, 2018

_______________


74

ISSUER

COLLATERAL

DESCRIPTION

CUSIP

NUMBER MATURITY FAIR MARKET VALUE

FMAC FGPC 3128MMU27 5/1/2031 11,261,275.28

Location of Collateral: Bank of New York Mellon, New York, NY

AHA's deposit accounts at the Bank of America and Wells Fargo Bank are collateralized via a Tri-

Party Collateral Agreement with AHA, the Bank of America, and the Bank of New York Mellon

(custodian). The collateral for deposit accounts is as follows:



SCHEDULE OF PLEDGED COLLATERAL

June 30, 2018

_______________

75

Memorandum of Understanding

and other Agreements Participants

Responsible

Party Description Begin Date End Date Project Amount

Current

Year

Contribution

Audit

Responsibilit

y

The Memorandum of Understanding

with the City of Albuquerque

City of Albuquerque

(COA) and Albuquerque

Housing Authority

(AHA) COA and AHA

AHA will utilize administrative support

services provided by the city (COA) after July

1, 2014. MOU to establish the procedures to

divide the assets, debts and support services

provided to the Authority and to identify the

transition process for employees. 7/1/2014

Ongoing unless terminated

by either party billable -$ all parties


with the County of Bernalillo

County of Bernalillo

Housing Department

(BERNCO) and

Albuquerque Housing

Authority (AHA)

BERNCO and

AHA

Both parties hold joint training seminars for

FSS training; joint program coordinating

committee (PCC) meetings; administrative

support provided by the county to the

authority by written agreement. 10/2/2012 6/30/2022 n/a n/a all parties


with the County of Bernalillo

County of Bernalillo

Housing Department

(BERNCO) and

Albuquerque Housing

Authority (AHA)

BERNCO and

AHA

Establishment of shared jurisdictions to give

each housing authority jurisdiction in both

the City of Albuquerque and within the

unincorporated areas of Bernalillo county to

administer respective Section 8 housing

programs.

1/5/1993


by any party upon 60 day

written notice. n/a n/a all parties


with the City of Rio Rancho

City of Rio Rancho and

Albuquerque Housing

Authority (AHA) COR and AHA

AHA provides rental housing assistance

programs to the eligible participants residing

in the City of Rio Rancho through the

Housing Choice Voucher program (HCV). 3/1/2013


by either party n/a n/a all parties

Office Lease Agreement located at

6013 Sunset Gardens SW,

Albuquerque, NM

Albuquerque Housing

Authority (AHA) and

Youth Development, Inc.

(YDI) YDI and AHA

Rental of property of a 1,034 square foot

house to converted office space and adjacent

parking and fenced lot located at 6013 Sunset

Gardens SW, Albuquerque, NM. 1/7/2016

expired 12/31/2016;

extended on a month-to-

month basis ending on

11/30/2017. $811/monthly $ 8,921.00 all parties

Memorandum of understanding

between New Mexico Taxation &

Revenue Department's Motor

Vehicle Division (trhough New

Mexico Interactive) & Albuquerque

Housing Authority

Albuquerque Housing

Authority (AHA) and

NM T&R Dept Motor

Vehicle

AHA and NM

T&R Dept

Motor Vehicle

through its contract with New Mexico

Interactive (NMI) Contract No. 90-333-00-

06613 and Albuquerque Housing Auhtority,

for the purpose of providing the user access to

the New Mexico Interactive OnLine Services

driver history records, motor vehicle records

and/or driver monitoring) to provide

information to complementthe identification

of individuals or vehicles pertaining to

official business duties. 7/23/2014

30 day notice in wiriting by

either party n/a n/a all parties

Memorandum of Understanding

between Albuquerque Housing

Authroity and Wishrock Investment

Group II LLC and Rio Vista

Apartments

Albuquerque Housing

Authority (AHA) and

Wishrock Investment

Group II LLC (WIG II)

AHA and WIG

II

MOU describes the intent of parties to

develop financially stable affordable housing

by obtaining Low Income Tax Credits from

the New Mexico housing agency relating

soley to the Rio Vista Apartments in

Albuquerque, NM. 11/18/2015

none of the of the provisions

in this MOU are binding on

parties hereto except the

agreements and

commitments set forth in

paragrphs A.1-A.3 of this n/a n/a all parties

Interagency Agreements ParticipantsResponsible

PartyDescription Begin Date End Date Project Amount

Current

Year

Audit

Responsibilit

First Amendment to the Interagency

Agreement by and Between the

Housing Authority of the City and

County of Denver and the

Albuquerque Housing Authority

The Housing Authority

of the City and County of

Denver and Albuquerque

Housing Authority COD and AHA

DHA provides technical assistance in

connection with the self-implementation of an

Energy Performance Contract (EPC);

additional services include procurement of:

A&E, pre-construction, general contractor,

M&V, project financing, HUD and AHA

board approval, etc. 1/6/2016

12/31/2016 Expired; see

second amendment

4 installment

payments $184,243.49 all parties

Second Amendment to the

Interagency Agreement by and

between the Housing Authority of

the City and County of Denver and

the Albuquerque Housing Authority

The Housing Authority

of the City and County of

Denver and Albuquerque

Housing Authority COD and AHA

previously entered into an agreement for

DHA to provide technical assistance services

in connection with the self-implementation of

an Energy Performance Contract (EPC);

amending the agreement regarding contract

peiod; 1/23/2017 extend to 6/30/2017 - - all parties

Intergovernmental Agreement

between the City of Albuquerque and

Albuquerque Housing Authority for

group benefit participation

City of Albuquerque and

the Albuquerque

Housing Authority COA and AHA

the City maintains a group benefits program

for eligible employees and their dependents,

including medical, dental, vision, life, short-

term and long-term disability insurance and

other group voluntary benefits. A cooperative

agreement to offer the city group benefits

program to AHA employees. 7/1/2017 6/30/2018

75 employees x

$30., plus $500

billable $ 2,750.00 all parties

Collaboration Agreement among

City of Albuquerque (COA/lead

entity), City of Rio Rancho (CORR)

and Albuquerque Housing Authority

(AHA) collectively referred to as

Program Participants

Program Participants are

COA/ lead entitiy,

CORR, AHA

Program

Participants:

COA/lead

entity and City

of Rio Rancho

and AHA

Collaborative agreement between parities to

meet 2018 AFH submissions; Program

participants are subject to the affirmatively

fair housing (AFH) requirements found at

HUD doc 24 CFR 5.150; and wish to

collaborate and submit a joint AFH that will

encompass all necessary counties or regions

to meet programmatic requirements. 10/13/2016

Terminate with cure notice

upon thirty (30) days

written notice by defaulting

party provides written notice $ 32,486.00 $ - all parties

Interagency Agreement by and

between the Albuquerque Housing

Authority (AHA) and the Bernalillo

County housing Department

(BCHD) AHA and BCHD

AHA and

BCHD

BCHD desires to encgage the services of

AHA to perform technical assistance services

for BHCD's Administrative Plan for Housing

Quality Standards (HQS) and Rent

Reasonableness Data Collection under HUD

regulations 12/7/2016

continue for 24 months

unless sooner terminated in

accordance with Seciton 6 of

this agreement (30 day

written notice). $ - $ - all parties

Social Services Contract Renewal

Process; City of Albuquerque

Department of Family and

Community Services (DFCS) HOME

Tenant Based Rental Assistance

(TBRA) COA and AHA

AHA and COA

DFCS

Renewal of Intergovernmental Agreement

wherein AHA performs HOME Tenant Based

Rental Assistance (TBRA) voucher program;

for up to 30 homeless households presently on

the Section 8 waiting list and public housing

waiting list who are reerred to AHA therough

the Albuquerque Heading Home 6/16/2017 6/30/2018 $ 275,700 $ 1.00 all parties



JOINT POWERS AGREEMENTS, MEMORANDUMS OF UNDERSTANDING, AND OTHER AGREEMENTS

June 30, 2018

_______________

76

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS

BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS


We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the Albuquerque Housing Authority (the Authority) as of and for the year ended June 30, 2018, and the related notes to the financial statements, which collectively comprise the Authority’s basic financial statements, and have issued our report thereon dated November 7, 2018. Our report includes a reference to another auditor who audited the financial statements of Rio Housing Associates, LLLP, a component unit of the Authority, as described in our report on the Authority’s financial statements. Rio Housing Associates, LLLP was not audited in accordance with Government Auditing Standards.

Internal Control over Financial Reporting

In planning and performing our audit of the financial statements, we considered the Authority’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Authority’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Authority’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.


r u b in o . c o m


78

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. We did identify a certain deficiency in internal control, described in the accompanying scheduled of findings and questioned costs as item 2018-001 that we consider to be a material weakness.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the Authority’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed an instance of noncompliance and other matters that is required to be reported under Section 12-6-5 NMSA 1978 and which is described in the accompanying Schedule of 2.2.2 NMAC Findings as item 2018-003.

Authority’s Response to Finding

The Authority’s response to the finding identified in our audit is described in the accompanying schedule of findings and questioned costs. The Authority’s response was not subjected to the audit procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Bethesda, Maryland November 7, 2018

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED

BY UNIFORM GUIDANCE


Report on Compliance for Each Major Federal Program

We have audited the Albuquerque Housing Authority’s (the Authority’s) compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each of the Authority’s major federal programs for the year ended June 30, 2018. The Authority’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.

Management’s Responsibility

Management is responsible for compliance with federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs.

Auditor’s Responsibility

Our responsibility is to express an opinion on compliance for each of the Authority’s major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the Authority’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances.

We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of the Authority’s compliance.


r u b in o . c o m


80

Opinion on Each Major Federal Program

In our opinion, the Authority, complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2018.

Other Matters

The results of our auditing procedures disclosed an instance of noncompliance which is required to be reported in accordance with the Uniform Guidance and which is described in the accompanying schedule of findings and questioned costs as item 2018-002. Our opinion on each major federal program is not modified with respect to these matters.

The Authority’s response to the noncompliance finding identified in our audit is described in the accompanying schedule of findings and questioned costs. The Authority’s response was not subjected to the auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response.

Report on Internal Control over Compliance

Management of the Authority is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the Authority’s internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness ofinternal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the Authority’s internal control over compliance.

A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

81

Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.

Bethesda, MarylandNovember 7, 2018

bkarlin

Stamp

Federal Grantor/Program or Cluster TitleFederal CFDA

Number

Pass-through Identifying

NumberTotal Federal Expenditures

Department of Housing and Urban Developmment Programs

Housing Voucher Cluster:Housing Choice Vouchers 14.871 N/A 27,189,618$ Mainstream Vouchers 14.879 N/A 279,547

Low Rent Public Housing 14.850 N/A 3,450,468 Capital Fund Program 14.872 N/A 1,084,650

Section 8 Project-Based Cluster:Section 8 Moderate Rehabilitation 14.856 N/A 47,181 Section 8 Moderate Rehabilitation - Single Room Occupancy 14.249 N/A 45,444

Total Direct Expenditures 32,096,908

Pass through the City of Albuquerque Family and Community Development Department:HOME Investment Partnerships Program 14.239 707791 79,124

Total HUD Expenditures 32,176,032

TOTAL FEDERAL EXPENDITURES 32,176,032$


SCHEDULE OF EXPENDITURES OF FEDERAL AWARDSYear Ended June 30, 2018

_______________


See Notes to the Schedule

82


NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDSJune 30, 2018

___________________________

83

1. BASIS OF PRESENTATION

The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal grant activity of the Albuquerque Housing Authority (Authority) under the program of the federal government for the year ended June 30, 2018. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the Authority, it is not intended to and does not present the financial position or changes in net position for the Authority.

2. SIGNIFICANT ACCOUNTING POLICY

The accompanying schedule of federal awards is prepared on the accrual basis of accounting. The schedule of federal awards includes expenditures of AHA. AHA allocates central office costs to each federal assistance program based on an approved administrative cost charge in accordance with grant agreements. Therefore, AHA has elected not to allocate indirect costs using an indirect cost rate under the Uniform Guidance.

3. SUBRECIPIENTS

The Authority provided no federal awards to subrecipients during the year ended June 30, 2018.

4. INDIRECT COST RATE

The Authority has not elected to use the 10% de minimis cost rate.


SCHEDULE OF FINDINGS AND QUESTIONED COSTSJune 30, 2018

___________________________

84

SECTION I – SUMMARY OF AUDITOR’S RESULTS

Financial Statements

1. Type of auditor’s report issued: Unmodified

2. Internal control over financial reporting:a. Material Weakness(es) identified? Yesb. Significant deficiency(ies) identified that are not

considered to be material weakness(es)? No3. Noncompliance material to financial statements noted? No

Federal Awards

4. Internal control over major programs:a. Material weakness(es) identified? Nob. Significant deficiency(ies) identified that are not

considered to be material weakness(es)? No

5. Type of auditor’s report issued on compliance for majorprograms: Unmodified

6. Any audit findings disclosed that are required to bereported in accordance with section 2 CFR 200.516(a) ofUniform Guidance?

Yes

7. Identification of Major Programs:

Federal Grantor/Program Title CFDA No.U.S. Department of Housing and Urban Development(HUD):

Housing Voucher Cluster 14.871/14.879 $ 27,469,165Low Rent Public Housing 14.850 $ 3,450,468Capital Fund Program 14.872 $ 1,084,650

8. Dollar threshold used to distinguish between Type A andType B programs: $ 965,281

9. Auditee qualified as low-risk auditee under UniformGuidance, section 530? No


SCHEDULE OF FINDINGS AND QUESTIONED COSTS June 30, 2018

___________________________

85

SECTION II – FINANCIAL STATEMENT FINDINGS Finding 2018-001: Internal Control over Capital Assets (Material Weakness) Criteria: Monthly maintenance of the capital project accounting records and preparation of a capital asset listing ensures that timely, accurate and useful information is available to management and those charged with governance. Additionally, maintenance of accurate capital project records and capital asset listings are necessary for the preparation of the annual financial statements and footnotes in accordance with generally accepted accounting principles (GAAP). Condition: The general ledger was not reconciled throughout the year for capital projects and significant adjustments were needed to correct these capital project balances. Corrections were recorded to construction in progress, depreciation expense, net position, grant revenue and grant receivables. As a result, material adjusting journal entries were required after the fiscal year 2018 accounting records were closed, including the recording of a prior period adjustment. As this finding was a repeat finding from the prior year as finding 2017-001, the procedures for the monthly process was evaluated by the Director of Finance. A work plan was created for the process and presented to the employee. The Capital Funds Accountant reviewed and approved the work plan and timeline. The work plan included the monthly reconciliation process for capital funds and a review process and timeline for each capital fund as it progresses. Roles and responsibilities were reviewed. A second review of capital fund general ledger accounts by the Accounting Manager was added. A quarterly review of fixed assets transferring out of capital funds to the public housing properties was added. Staff monthly meetings started in February 2018. The procedures for internal controls with the capital funds included cross training and shadowing of the following staff: Capital Funds Accountant, the Accounting Supervisor, and the Accounting Manager staff. Cause: In order to account for the cumulative cost of each capital project grant, AHA uses asset and contra asset accounts to record hard costs (cost to be capitalized) and soft costs (costs to be expensed). Activity to these accounts is recorded as expenditures are incurred with the contra asset account credited and a capital asset (construction in progress) or an expense debited. Grant revenue is also recognized when capital funds are expended. Once the capital asset is placed in service, the construction in progress is transferred to building and improvements for each specific housing project. During the year, and specifically at year-end, the hard cost contra accounts were not properly reconciled and appropriate entries were not made.



___________________________

86

SECTION II – FINANCIAL STATEMENT FINDINGS (continued) Effect: Accounts are misstated and an increased risk that errors and/or irregularities will occur and not be detected and corrected in a timely manner. Financial information reported to management and the Board is not accurate. Adjustments were needed to correct the contra hard cost account, construction in progress, buildings and improvements, net position, grant revenue and grant receivables. Additional time and effort was needed to research these errors and prepare correcting entries. Auditor’s Recommendations: The capital asset records for each capital project should be updated and reconciled to the appropriate general ledger accounts monthly. Any correcting journal entries should be reviewed by someone other than the preparer and recorded. In addition, reconciliations and the capital asset records should also be reviewed by management monthly to ensure that the work was completed correctly. Management’s Response to Finding: The authority is in agreement and has begun the reconciliation of each capital fund project monthly. The reconciliation will be evaluated between the general ledger, eLOCCS and asset recognition. Any correcting journal entries will be reviewed by someone other than the preparer and recorded. The reconciliation and capital asset records will be reviewed and signed off on quarterly by the Senior Accountant and or the Director of Finance.



___________________________

87

SECTION III – FEDERAL AWARD FINDINGS AND QUESTIONED COSTS Finding 2018-002: Finding that Does Not Rise to the Level of a Significant Deficiency Federal Program: CFDA 14.872, Capital Fund Program Criteria: Upon expenditures by the PHA of all funds, or termination by HUD of the activities funded in a modernization or development program, a PHA shall submit the closeout forms, including the Actual Modernization Cost Certificate (AMCC), to their local HUD field office for review and approval. PHAs must submit the AMCC within 90 days after the expenditure deadline. Condition: For two Capital Fund Program (CFP) grants whose expenditure reporting deadlines were June, 2016 and December, 2017 based on the final expenditure date, the Authority did not submit their AMCCs to their local HUD field office until December, 2017 and June, 2018, respectively. Cause: The Authority does not have a checklist for closing CFP grants, including establishing the deadline for AMCC submittal at the beginning of the grant and monitoring that deadline throughout the grant period. Effect: The delay in submitting closeout forms to HUD could impair the Authority’s ability to properly record CFP activity and participate in future HUD programs, thereby impairing the Authority’s ability to fund capital improvements. Questioned Costs: There are no questioned costs related to this finding. Recommendation: We recommend that the Authority develop a checklist for closing CFP grants, including noting the deadline for AMCC submittal at the beginning of the grant and monitoring that deadline throughout the grant period. Management’s Response to Finding: The authority is in agreement and will implement the training of staff to create a check list for the period of the grant and to maintain the check list by reviewing quarterly the check list timelines.

A COMPONENT UNIT OF THE CITY OF ALBUQUERQUE, NEW MEXICO SCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS

June 30, 2018 ___________________________

88


SECTION I – PRIOR YEAR FINANCIAL STATEMENT FINDINGS Finding 2017-001 Condition: The general ledger of accounts was not reconciled throughout the year for capital projects and significant adjustments were needed to correct these capital project balances. Corrections were recorded to construction in progress, depreciation expense, net position, grant revenue and grant receivables. Additionally, the capital asset listing did not include all of the current year additions resulting from these projects. As a result, material adjusting journal entries were required after the fiscal year 2017 accounting records were closed. Status: During the year ended 2018, the Authority still had some issues related to capital asset management. This finding is repeated in the current year as Finding 2018-001. SECTION II – PRIOR YEAR FEDERAL AWARD FINDINGS AND QUESTIONED COSTS None.

A COMPONENT UNIT OF THE CITY OF ALBUQUERQUE, NEW MEXICO CORRECTIVE ACTION PLAN

June 30, 2018 ___________________________

89


Finding 2018-001 Corrective Action Plan: AHA has devoted more resources to reconcile each capital fund project on a monthly basis. The capital asset records will be updated monthly and reconciled to the appropriate general ledger monthly. All journal entries will be signed off by an authorized signature ensuring internal controls and will be reviewed by someone independent of the preparation of the journal entry. The monthly reconciliation of capital funds will be completed by the Capital Fund Accountant. The review will be completed by the Accounting Manager or the Director of Finance. The procedures for the monthly process was evaluated by the Director of Finance. A work plan was created for the process and presented to the employee. The Capital Funds Accountant reviewed and approved the work plan and timeline. The work plan included the monthly reconciliation process for capital funds and a review process and timeline of each capital fund as it progresses. Roles and responsibilities are reviewed. A second review of capital fund general ledger accounts by the accounting manager was added. A quarterly review of fixed assets transferring out of capital funds to the public housing properties was added. Staff monthly meetings started in February 2018. The procedures for internal controls with the capital funds included cross training and shadowing of the following staff: Capital Funds Accountant, the Accounting Supervisor, and the Accounting Manager staff. Contact Person: Barbara D’Onofrio, Director of Finance, AHA NM001; [email protected]; 505-764-3936 Anticipated Completion Date: December 2018 Finding 2018-002 Corrective Action Plan: AHA has created a capital fund grant check list to include in each capital fund project. The check list will include AMCC submittal at the beginning of the grant and monitoring that deadline throughout the grant period. Contact Person: Daniel Foster, Capital Fund Project Manager, AHA NM001; [email protected] ; 505-764-3925 Anticipated Completion Date: March 2019

mailto:[email protected]



2.2.2 NMAC FINDINGS June 30, 2018

___________________________

90

SECTION I – 2.2.2 NMAC Audit Findings Finding 2018-003: Other Non-Compliance Criteria: Section 2.2.2.10 (A)(1) requires that all component units, except component units that are housing authorities, to be audited by the same auditor unless a request for an exception is made to or granted by OSA, requires the component unit auditor be on the list of OSA approved auditors, requires the OSA standards contract form be used, and requires separately issued financial statements and associated auditor’s reports be submitted to the state auditor for review. Condition: The Authority’s discretely presented component unit, Rio Housing Associates, LLLP, was not audited by the same auditor as the Authority, was not audited by an auditor on the list of OSA’s approved auditors, an OSA standard contract form was not used, and the separately issued report was not submitted to the state auditor for review. Cause: This is a result of the Authority not having management responsibility for this entity and it engaged an audit to meet the purposes of the entity’s requirements for financial statement audits. Effect: The effect of this finding is that the component unit could have exceptions in internal control and compliance not reported as it was not audited per the NMAC requirements. Auditor’s Recommendation: We recommend that the Authority re-assess this entity’s presentation in the financial statements and clarify with the State Auditor this requirement as it applies to component unit entities for which the primary government does not maintain management control. Management’s Response to Finding: AHA agrees that we, the Housing Authority, need to re-assess this entity’s presentation in the financial statements and clarify with the State Auditor this requirement as it applies to component unit entities for which the primary government does not maintain management control. Corrective Action Plan: AHA will engage with the State of NM Auditors office, HUD Regional office, no later than March 1, 2019 to identify and resolve the compliance finding. Contact Person: Barbara D’Onofrio, Director of Finance is responsible for implementing the investigation and notifying all parties of the Authority’s response to the compliance finding. Contact for Barbara D’Onofrio, [email protected]. Anticipated Completion Date: Results of the reported corrective action plan will be submitted to the State of New Mexico Auditors office no later than May 31, 2019.



EXIT CONFERENCE June 30, 2018

___________________________

91

An exit conference was held on November 6, 2018, and attended by the following: City of Albuquerque Personnel: Pamela Fanelli, CMA, MBA City Controller Joseph Cohen City Associate Controller Vicki Schwab Principal Accountant, Department of Family Community Services Albuquerque Housing Authority Board of Housing Commissioners: Stephen Vogel Commissioner Albuquerque Housing Authority Personnel: Linda Bridge, MBA Executive Director Andrew Estocin Deputy Director Barbara D’Onofrio Director of Finance Cheryl Cates Accounting Manager Rubino & Company, Chartered Personnel: J. Michael Stephens, CPA Shareholder Benjamin Karlin Supervisor Financial Statement Preparation: The Authority’s independent public accountant prepared the accompanying basic financial statements; however, the Authority is responsible for the basic financial statements.

Linda Bridge

Linda Bridge is the Executive Director at the Albuquerque Housing Authority, a position she has held since December 2012. AHA is New Mexico’s largest housing authority that serves nearly 5,000 households with an annual budget of $30,000,000. Linda’s role at the housing authority is to set a path for the agency to a new future that involves expanding and improving the services that are provided to the clients; and to provide the employees a supportive environment and the tools they need to best serve the clients. Previous work experience including working in the Housing Development Department at MFA for 11 years responsible for managing the agency’s rental and single-family housing development programs; and working in the banking industry for fourteen years primarily in the areas of commercial and commercial real estate lending. Linda received her B.B.A and M.B.A. from the Anderson School of Management at the University of New Mexico.

DANIEL A. FOSTER 305 Pinon Creek RD SE Albuquerque, New Mexico 87123

[email protected] (505) 764-3925

Professional Profile Housing and community development professional experienced at all stages of project development. Relevant Skills

o Community Development Planning o Affordable Housing Development o Project Feasibility Analysis o Grant Writing and Administration o Community and Partner Relations o Strategic Business Planning o Housing Credit Certified

Professional (HCCP)

o Experience with Community Development Block Grant, HOME, Low-Income Housing Tax Credit, Historic Tax Credit, and USDA Rural Development Programs

o Experience with HUD’s Rental Assistance Demonstration Program

o HOME Certified Specialist – Regulations

Professional Experience Capital Fund Projects Manager May 2015 – Present Albuquerque Housing Authority

Led the agency in the acquisition and rehabilitation of Rio Vista Apartments. Rio Vista Apartments is AHA’s first housing development project in over 30 years and the agency’s first LIHTC funded project.

Managed the implementation of the agency’s $4.3 million energy and water conservation project using HUD’s Energy Performance Contract Program. Energy conservation measures included the installation of: low flow fixtures, low flow toilets, exterior and interior LED lighting, high efficiency domestic hot water heaters, high efficiency furnaces, EnergyStar refrigerators, central boiler plant and control system modernizations, and photovoltaic systems (as of March 2018, central boiler plant and control system modernizations are still in progress and scheduled for completion in July 2018).

Managed the Public Housing Capital Fund Program including: the development of program and project budgets, prioritization of capital improvement projects, definition of scopes of work, selection of contractors, construction project management, commitment of funding and project completion in accordance with HUD deadlines.

Housing Tax Credit Program Manager February 2009 – May 2015 New Mexico Mortgage Finance Authority – Albuquerque, New Mexico

Played a lead role in the creation and implementation of the Tax Credit Exchange Program and Tax Credit Assistance Program pursuant to the Housing and Economic Recovery Act of 2009 which resulted allocation of over $61.6 million in federal stimulus

Daniel A. Foster Housing and Community Development Specialist Page - 2

funds for the construction or rehabilitation of 995 units of housing. As a result of the program development team’s experience, skill and dedication, New Mexico was among the first to successfully create these programs and fund the development of mush need housing.

Successfully managed New Mexico’s Low income Housing Tax Credit Program, the state’s most important and competitive affordable rental housing development program, for six years.

Continuously refined program parameters and processes to ensure transparency, accountability, and efficiency.

Conducted numerous trainings and other public presentations. Loan Underwriter/Program Manager December 2007 – February 2009

New Mexico Mortgage Finance Authority – Albuquerque, New Mexico Implemented two new loan programs, one for project’s serving households with special

needs and one for the installation of energy efficiency improvements on affordable housing projects, including the drafting of loan documents and disbursement procedures.

Was responsible for the underwriting and structuring of loans to single family home development projects as well as multifamily development projects.

Conducted numerous trainings and other public presentations. Community Development Specialist January 2006 – September 2007 ST. LAWRENCE COUNTY HOUSING COUNCIL, INC. - Canton, New York

Played a lead role in annual and multi-year strategic planning for the organization. Facilitated community planning meetings and prepared community development plan for

adoption by local municipality. Conducted preliminary project feasibility analysis. Successfully administered both affordable housing and community development projects

that resulted in the creation or preservation of 33 affordable apartments, 3 commercial spaces and one public park, and the upgrade of one wastewater treatment facility.

Played lead administrative role in developing projects that when completed will likely result in the creation or preservation of over 100 affordable apartments, 18 commercial spaces, one fire hall/community center, and one public park.

Prepared grant applications to state and federal agencies for the organization and local municipalities for capital improvement projects, homeownership assistance programs, and single family housing rehabilitation programs.

Implemented structured project management system. Revised policies and procedures for community development revolving loan fund to fit

regional development needs. Project Manager June 2005-January 2006 FRIENDS OF THE NORTH COUNTRY, INC. - Keeseville, New York

Prepared grant applications for single-family housing rehabilitation project and new construction of senior housing project.


Developed multi-jurisdictional hazard mitigation plan according to Federal Emergency Management Agency (FEMA) and New York State Emergency Management Office (SEMO) guidelines.

Prepared redevelopment plan for a historic mill as part of a local waterfront revitalization plan.

Professional Experience, Continued Project Manager, Grand Canyon Visitor Study January 2004 – December 2004 NORTHERN ARIZONA UNIVERSITY - Flagstaff, Arizona

Hired and trained survey field staff in survey research methodology. Coordinated survey staff activity to ensure that the project was completed on schedule. Managed relationship with National Park Service officials and Grand Canyon National

Park staff. Maintained project database. Prepared quarterly reports for Arizona Department of Transportation (ADOT).

Field Technician, Alternate Septic System Installation January 2003 – January 2004 NORTHWOODS WASTEWATER - Flagstaff, AZ

Supervised installation of alternate septic systems. Coordinated activities of subcontractors to ensure that project was completed on schedule

and quality was maintained. Conducted customer walk-through of completed systems. Maintained several hundred residential wastewater systems and one subdivision

wastewater system in Coconino County. Independent Technical Rigging Contractor 2002 – 2004 NILES RADIO – TOWER DIVISION - Flagstaff, Arizona

Developed solutions to technical rigging challenges. Installed and removed equipment from communications towers. Managed activities of crew to ensure project was completed with safety, speed, and

quality. Rock Climbing Guide May 2001 – December 2004 VERTICAL RELIEF - Flagstaff, Arizona

Guided and instructed clients of all ages and all abilities. General instructional content included efficient movement, placement of natural

protection, building anchors, and rescue and self-rescue. During all instruction emphasis was placed on safety and minimal environmental impact.

Education


Northern Arizona University Flagstaff, Arizona Master of Arts: Political Science – Public Policy Graduated with Distinction: December 2004 Fort Lewis College Durango, Colorado B.A. in Political Science, Minor in History Graduated Cum Laude: Spring 1996

Barbara D’Onofrio (307) 399-3993 _________________________________________________________________ Summary

20 years of progressively responsible administrative and financial management experience 15 years Government and Grant accounting and reporting 7 years in Affordable Housing working with HUD Programs Dynamic leader offering solutions in operations and project development

Education Bachelor of Arts Degree in Economics/Finance Wells College, Aurora, NY; Graduated Honors cum Laude, May 1995 Associates of Arts and Science Degree in Business Administration Tompkins Cortland Community College, Dryden, NY; Graduated May 1993, Dean’s List Transfer of 74 Credits, Marketing Major 1985-1988, Towson State University, Towson, MD Professional January 2013 to present Albuquerque Housing Authority, formerly City of Albuquerque, NM

Experience Director of Finance, Housing Authority http://www.abqha.org/ Directs all financial and accounting functions; comply with State, Federal and HUD regulations. Participate and lead in the strategic planning team and leadership team. Report to the Board and Executive Administrative team keeping leadership informed and abreast of financial trends. General Ledger manage and oversee the operations of the finance department including accounting,

daily operations, capital funds, warehouse, and procurement purchasing division. Knowledge of GAAP, GASB and GAS HUD federal and state and procurement regulations. Financials – produce monthly and analyze, evaluate, implement, and administer HUD funding and

related programs; maintain cash flow statements and daily cash management. Supervise and lead up to 14 professional and administrative staff in efficiency and accuracy. Budget - create and coordinate annual budget for HUD programs and implement in monthly

financials; Enter into accounting and financial management system; Ensure compliance with policies, procedures, and practices; Educate and empower Program Managers with financials tools.

Audits – successful timely completed financial audits, OIG audits or state audits; ensure audit standards are best practices are implemented and maintained.

Manage a complex set of fund accounting, prepare internal and external reports and financials; analyze $32M budget over major HUD programs and ensure efficiencies and good management.

Responsible for safeguarding the Authority’s assets through the creation, implementation and monitoring of policies and procedures; Exercises considerable independent judgment in formulating, developing, directing, administering, and managing financial services of the Authority.

Lead finance department in a 5 year practical vision and a 3 year priority action plan with quarterly goals to implement steps. Team leaders volunteered and hold meetings to ensure on task. Goals are tied to quarterly coaching sessions between manager and employee.

July 2011 to January 2013 City of Albuquerque, Albuquerque, NM Planning and Housing Departments Fiscal Manager http://www.cabq.gov/planning Manage all fiscal responsibilities for Planning Department, 5 divisions and staff of 147; at the Housing Authority developed procedures and policies to meet HUD requirements. Converted housing software. Project Manage Planning Department Assets and assume management responsibility for division

services and activities related to finance and accounting management, including revenue forecasting, cash flow management, financial reporting, legislation administration, and contract and grant preparation. Deliver reports to central accounting.

Collaborate with Planning Community and provide documentation, reconciled reports on long term development and cooperative projects; manage the development and ensure implementation of division goals, objectives, policies and priorities for each assigned service area.

Budget development and coordinate with Division managers in outline project goals.

BarbDonofrio Page2

Project Analysis on cost analysis and projection of all city council approved regulations and municipal inspections, certifications, and compliance mandates.

January 2004 to July 2011 City of Laramie, Laramie, WY www.ci.laramie.wy.us Senior Accountant, City of Laramie

Manage city- wide accounting through multi-fund government accounting; completed annual financials, CAFR and successful completed 8 financial audits with GFOA Certificate of Achievement for Excellence in Financial Reporting. Work in conjunction with city Finance Director and City Manager. Manage cash accounts, enterprise funds, investments, fixed assets, payroll, benefits, and departmental accounts. Team projects include grant management USDA and ARRA funds, developing policy and procedures, managing AP and AR, working with City Council and the finance committee. General Ledger and financial management for the City and all departments. Project management of city bonds, debts and grant funding. Cash Management and reconciliation of multiple cash accounts, investments, collateral, lease

purchase bids/contracts, certificate of deposits, balancing of these cash funds. Tracking and recording fixed assets and recording of capital assets for infrastructure, major projects,

building improvements and other equipment and safety gear for all departments. Grant fund management with Public Works, Engineering, Planning and City Council committees

Coordinate with 13 divisions on grants from ARRA, CDBG, USDA and Homeland Security grants. Member of the Self Insurance fund representing the Administrative Department and presenting

quarterly financials to the third party administrator and other team members. Supervise staff of four in accounting, coordinate and attend department meetings; participate on

hiring team for multiple departments; Work with City Council Finance Committee for review and approval of all monthly expenditures.

2004 to 2008 Laramie County Community College, Laramie, WY www.lccc.wy.edu Adjunct Instructor Albany County Campus, Part time; Instructor of BADM 1031 Personal Financial Planning, BADM 1032 Risk and Credit Management, BADM 1033 Investment and Retirement Planning, Spreadsheet Applications: Excel I, II, and III CMAP 1750-1760

2002-2003 Baxter International Inc., Laramie, WY www.biolifeplasma.com Facility Manager, BioLife Plasma Services

Manager of a new 16,000 square foot plasma donation center; Worked with corporate headquarters in Illinois, implemented the center’s financial, marketing, and personnel plans to meet and exceed annual goals; Met industry regulations including FDA inspections, security and biomedical industry standards.

Facility center manager managing staff of 32 producing and shipping plasma for manufacture. Created business strategies and allocated resources to meet financial and production

commitments through marketing, cost containment, and efficient utilization of staff. Maintained industry license of regulated biologic product for shipping and further manufacturer. Public Relations schedule included news media releases, interviews, public speaking and

networked community leaders to ensure long-term success and acceptance in the community. Project managed the obligations in completing the multi-million dollar building construction to

meet operational deadlines. Worked in conjunction with building engineer, architects and suppliers. Successfully opened and operated the facility meeting on timelines and scheduled milestones.

2000-2002 Ridge Creative, Inc., Laramie, WY www.ridgecreative.com Project Manager, formerly Wind River Visual Communication, Inc.

Project manager for web and graphic design Managed financials, benefits, payroll and accounting; developed online billing; outlined cost

allocation and analysis; Implemented project schedules, built project budgets Recruited dot-com clients to increase business, developed national sales goals; implemented

management tools to reach project goals and utilize forecasting tools. Successfully adapted Project Management tracking grid. Creatively managed client expectations,

design schedules and conflict resolutions. Established project building through team leadership.

BarbDonofrio Page2

1996-2000 Traquair Data Systems, Inc., Ithaca, NY www.traquair.com Controller and Operations Manager - Worked with strategic partners in international markets; scheduled manufacture and delivery of DSP computer boards industry specific and educational research clients. Provided financials, completed audits. Supplied cost analysis for sales. Facilitated contracts with

Fortune 500 companies, (DOD) contractors and worked directly with purchasing agents and end- user. Negotiated specific terms with unions and defense contractors.

Managed all marketing activities; developed future marketing plans and revenue-producing strategies. Met goals in production schedules, sales, client negotiations and expectations.

Navigated shipping schedule for time-sensitive hardware products. Processed sales worldwide and governmental regulations in shipping to friendly and non-friendly oversea clients.

1995-1996 People’s Pottery, Inc., Ithaca, NY www.peoplespottery.com Financial Operations Manager - Financial manager of multi-retail stores. Hired to create and implement a unified business operations system for all departments. Developed standardized accounting practices and procedures to meet and achieve corporate goals. Instituted retail stores with best practices to ensure consistent inventory and financial reporting. Trained retail store managers in cash mgmt and accounting to comply with corporate headquarters. Implemented audits and participated in financial fraud investigations, reduced overhead costs; Managed accounting, budgeting, auditing, and filing of taxes for all stores. Administered payroll. Streamlined business practices and reduced staffing by two-thirds. Promoted to acting business

liaison during corporate takeover. Managed staff of 35 and 4 store locations. Active Memberships: Government Finance Officers Association (GFOA) Society for Human Resource Management (SHRM) American Payroll Association (APA) The Association of Accountants and Financial Professionals in Business (IMA)

Matthew Archuleta 1628 Summerfield Pl. SW

Albuquerque, NM

EXPERIENCE Program Manager Public Housing, Albuquerque Housing Authority 2013 ‐ Present Plan, coordinate, manage and supervise all aspects of property management at 26 multifamily sites scattered throughout Albuquerque and consisting of 953 units. All properties are Public Housing units with Subsidy each unit. Current direct and indirect staff of 26. Train all Property Managers in all aspects of Public Housing. Have instituted recommendations from consultants to improve management functions by placing regional offices throughout the AHA portfolio and taking all Property Managers out of a main office thus placing them at their portfolio site offices. Recommend items for capital improvements to Fund Manager. Train and prepare Property Managers on the Uniform Physical Condition Standards as set forth by HUD. Make improvements to processes, software application, and Admissions and Continued Occupancy Policy and other policies as dictated by HUD. Asset Manager, JL Gray Co. 2010 – 2013 Plan, coordinate, manage and supervise all aspects of property management at 19 scattered multifamily sites. The properties consist of the following: 11 HUD Section 8, 7 Rural Development, 1 Tax Credit, HOME, 542 C Risk Share and PHA Vouchers. All properties are in Eastern New Mexico and West Texas. • Directly and indirectly supervise 13 site employees. Responsibilities include interviewing, hiring, and training, as well as planning, assigning and directing work, appraising performance, rewarding and disciplining employees, addressing complaints and resolving problems. • Approve, input and submit time sheets. Recommend pay changes. Approve time off, overtime and leave. • Train new site managers in all aspects of property management and compliance with the following affordable housing programs: Section 42 (Housing Tax Credit), HUD Section 8, Rural Development, HOME, company polices and all computer software's utilized. • Train Managers on federal, state and local laws related to property management. • Assist managers with the interpretation of Section 8, Low Income Housing Tax Credit, Rural Development and company policies and procedures by researching through HUD documents, handbooks and the Federal Registry. • Liaison with the property owners, company owners, state/federal agencies (including MFA, HUD, RD), on‐site staff and residents.


Albuquerque, NM

• Create operation and capital budgets for the properties following program standards. • Assess, monitor and approve capital improvements including ADA compliance. Ensure proper approval is obtained as per management agreement. • Prepare and oversee request for reserve money from HUD or MFA.

Respond to inquiries from local, state or federal agencies. • Ensure that all properties are in compliance with all applicable state and federal housing programs as well as preparing the properties for Section 8 Management Occupancy Reviews, REAC inspection, and other program audits. • Assist managers when resident, property, administrative or compliance issues arise. • Approve Invoices for payment for all properties • Conduct monthly Manager meetings to ensure all policy changes from corporate or federal agencies are conveyed to staff

District Property Manager, The Yarco Companies, 2007 – 2009 Direct oversight of 5 multifamily (Tax Credit) properties in Arizona, and assisted with 5 multifamily properties in New Mexico • Directly supervise site employees. Responsibilities include interviewing, hiring, and training as well as planning, assigning and directing work, appraising performance rewarding and disciplining employees, addressing complaints and resolving problems. • Approve timesheets. Recommend pay changes. Approve overtime and leave. • Train new site managers in all aspects of property management/Section 42 compliance, company polices and all computer software's utilized. • Train Managers on federal, state and local laws related to property management. • Assist managers when resident, property, administrative or compliance issues arise. • Liaison with the property owners, company owners, state/federal agencies, on‐site staff and residents. • Create operation and capital budgets for the properties following program standards. • Assess, monitor and approve capital improvements including ADA compliance. Ensure proper approval is obtained as per management agreement. • Respond to inquiries from local, state or federal agencies.


Albuquerque, NM

• Ensure that all properties are in compliance with all applicable state and federal housing programs, as well as preparing the properties for program audits. • Assist managers when resident, property, administrative or compliance issues arise. Program Specialist II, New Mexico Mortgage Finance Authority 2002 ‐ 2007 Administration and compliance oversight of various federal low income housing programs (Section 8, Tax Credit, HOME, RTC, Risk Share) throughout the state of New Mexico. • Conducted Management Occupancy Reviews (HUD) and physical and file audits of properties throughout the state of New Mexico for the following low income housing programs: Section 8‐HUD, IRS Section 42‐Tax Credit, HOME‐HUD, 542C‐HUD, and RTC‐FDIC programs. • Write reports following HUD and MFA standards set forth to ensure the properties were following the federal and state regulations as required by each program. • Interpretation of federal regulations for the following programs: Section 8‐HUD, IRS Section 42‐Tax Credit, HOME‐HUD, 542C‐HUD, and RTC‐FDIC programs. Researched when necessary through HUD manuals, codes and documents as well as IRS manuals, codes and documents • Trained all the above programs for MFA throughout New Mexico as well as compliance software. • Represented MFA on various panels at National Council State Housing Agencies (NCSHA) conferences.

Associate Regional Property Manager, YES Housing Inc., 1997 ‐ 2002 Assistant Regional Manager with the following: • Train On‐site managers in all aspects of property management including New Mexico Owner Resident Relations Act, compliance with low income federal housing programs (Section 8‐HUD project based, Tax Credit, RTC programs) and state housing programs. • Train new managers on the management software. • Balance and forward to HUD voucher for payment for Section 8 properties to the Contract Administrator or HUD. • Assist managers when compliance or resident issues arise. Research and seek resolution. • Prepare properties for Management Occupancy Reviews (MOR) or other agency audits or inspections. • Manage the on‐site office in the absence of the site manager.


Albuquerque, NM

ACTIVITIES 2007 to 2010 Apartment Association of New Mexico, Instructor for; Managing Housing Tax Credits, Physical Inspections (UPCS), Qualifying Residents Income and Assets

2007 to 2011 Police Oversight Commission (City of Albuquerque), representing District 1

2005 Campaign Manager Committee to elect Ken Sanchez City

Council District 1 2003 to 2010 Westside Coalition of Neighborhoods

2003 to present San Martin Pastoral Council (past president) member of a number of committees current member

2004 to 2011 Amy Biehl High School Governing Board

2003 to 2007 Impact Fee Committee (City of Albuquerque)

2003 Westside Road Task Force Committee (City of Albuquerque)

1996 to 2011 Southwest Alliance of Neighbors member

1996 to present Westgate Heights Neighborhood Association, past president, VP, current President

1999 to 2003 Board of Education (Albuquerque Public Schools) representing District 2. Vice President, Secretary and member of numerous committees

1994‐1999 Mary Ann Binford PTA (past president)

1994 to 2005 Westgate Little League, Manager/Coach

1987 to 2000 Sandia Kiwanis Club past president, Secretary/Treasurer, member

DESIGNATIONS

EDUCATION

Certified Occupancy Specialist (COS) Housing Quality Standards (HQS) NCP–E HCCP (past)

C5P (past)

Public Housing Manager

Rent Calculation PH and HCV

Highland High School – Albuquerque, New Mexico University of New Mexico American Institute of Banking Norris School of Real Estate Santa Fe Community College New Mexico Real Estate License (continuing education), Sales 1987 to 1992, Brokers 1992 to 2005 Central New Mexico Community College


Albuquerque, NM

1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162

A B C D E F G H I J K L M N O P Q R S T

PROJECT DATA SHEET 8 Units

UNIT MIXDESCRIPTION HUD (1) MARKET (3) HUD (2) MARKET (4) HUD (1) MARKET (3) HUD (2) MARKET (4)

A-1 1 BR/ 1BATH/ LIVING/ DINING 587 633 37 0 633 670 4 50% 2,348 2,532 148 0 2,532 2,680A-2 1 BR/ 1BATH/ LIVING/ DINING 572 617 78 0 617 695 4 50% 2,288 2,468 312 0 2,468 2,780

0 0 0% 0 0 0 0 0 00 0 0% 0 0 0 0 0 00 0 0% 0 0 0 0 0 00 0 0% 0 0 0 0 0 0

TOTALS 8 100% 4,636 5,000 460 0 5,000 5,460

OTHER BUILDINGS or SPACES NUMBER S.F./each HUD (1)

BUILDINGS TYPES Bldg A Bldg B Bldg C Bldg DNUMBER OF BUILDINGS 1 1 1 1

A-1 1 BR/ 1BATH/ LIVING/ DINING 2 0 0 2 4A-2 1 BR/ 1BATH/ LIVING/ DINING 0 2 2 0 40 0 0 0 0 0 00 0 0 0 0 0 00 0 0 0 0 0 00 0 0 0 0 0 0

TOTAL UNITS 2 2 2 2 8BUILDING TYPES Bldg A Bldg B Bldg C Bldg D TOTAL

NUMBER OF BUILDINGS 1 1 1 1 4HUD GROSS SF TOTALS PER BUILDING 1,266 1,234 1,234 1,266

HUD GROSS SF SITE TOTALS PER BUILDING TYP 1,266 1,234 1,234 1,266 5,000

Bldg A Bldg B Bldg C Bldg DTOTAL MASONRY AREA PER BUILDING SQ. FT. 0 0 0 0BUILDING MATERIAL ANALYSIS% OTHER 0% 0% 0% 0%% STUCCO 0% 0% 0% 0% SUBTOTALS 0% DOOR + GLAZING 0% 0% 0% 0%

EXTERIOR SPACES NUMBER S.F./each HUD (1)

00

Gross Land Area: 0.714 ACRES REQUIRED PROVIDEDTotal Apartment Units: 8 Units STANDARD ACCESSIBLE VISITOR TOTALActual Density: 11.2 UNITS per ACRE SITE 8 7 1 0 8 NET LIVING AREA : 4,636Elevators: 0 Elevators REQUIRED: GROSS LIVING AREA: 5,000ZONING: TOTAL 8 7 1 0 8 Community/Leasing & Maintenance Bldgs 0

TOTAL AREA OF BUILDINGS 5,000

HUD GROSS FLOOR AREA (ref HUD 2264 - Page2 Section C33)(See Note 5)GROSS LIVING AREA: 5,000 OTHER BUILDINGS or SPACES - (1) HUD NET AREA: Defined as “Paint-to-Paint”.

It is the living area of a unit measured to the inside face of perimeter drywall. Total HUD Gross Floor Area 5,000 (2) HUD GROSS AREA: Defined by adding thickness (width) of unit perimeter stud

walls, includes thickness of corridor walls and includes the area measured to the centerline of any party wall. HUD gross sf also includes the area of a direct access garage if provided for the unit (3) MARKET NET AREA: ref. BOMA/IREM, ANSI-Z765 Unit Area (S.F). Defined by adding thickness (width) of unit perimeter stud walls, includes thickness of corridor walls and includes the area measured to the centerline of any party walls (4) MARKET GROSS AREA: Add area of attached balconies and exterior storage closets to Market Net area calculations.

October 24, 2019

BALCONY STORAGE TOTAL GROSS GROSS AREA STORAGE

Albuquerque

NO. OF UNITS

Qty. MIX TOTAL NET TOTAL LIVING AREA (S.F.) CALCULATIONS

MARTINEZTOWN- ARNO

LIVING AREA UNIT (S.F.) CALCULATIONSUNIT TYPE BALCONY /

HUD S.F. ANALYSIS TOTALS

Net & Gross SF Area Calculations HUD/Market Apartment Unit Definitions

NET AREA

NUMBER OF UNITS

BALCONY / PATIOS

PARKING ANALYSIS

UNIT TYPE

BUILDING TYPES

SITE ANALYSIS

BUILDING ANALYSIS

ACTUAL:

1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162




F-1 1 BR/ 1BATH/ LIVING/ DINING 566 610 57 0 610 667 12 32% 6,792 7,320 684 0 7,320 8,004F-1A 1 BR/ 1BATH/ LIVING/ DINING 574 589 52 0 589 641 4 11% 2,296 2,356 208 0 2,356 2,564F-2 1 BR/ 1BATH/ LIVING/ DINING 577 601 92 0 601 693 22 58% 12,694 13,222 2,024 0 13,222 15,246

0 0 0% 0 0 0 0 0 00 0 0% 0 0 0 0 0 00 0 0% 0 0 0 0 0 0

TOTALS 38 100% 21,782 22,898 2,916 0 22,898 25,814


BUILDINGS TYPES Bldg A Bldg B Bldg C Bldg D Bldg E Bldg F Bldg G Community building 1 4,537NUMBER OF BUILDINGS 4 1 1 2 2 1 1 0

F-1 1 BR/ 1BATH/ LIVING/ DINING 0 0 2 4 0 0 2 0 12F-1A 1 BR/ 1BATH/ LIVING/ DINING 0 4 0 0 0 0 0 0 4F-2 1 BR/ 1BATH/ LIVING/ DINING 2 0 2 0 4 2 2 0 220 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0

TOTAL UNITS 8 4 4 8 8 2 4 0 38BUILDING TYPES Bldg A Bldg B Bldg C Bldg D Bldg E Bldg F Bldg G 0 TOTAL

NUMBER OF BUILDINGS 4 1 1 2 2 1 1 0 12HUD GROSS SF TOTALS PER BUILDING 1,202 2,356 2,422 2,440 2,404 1,202 2,422 0

HUD GROSS SF SITE TOTALS PER BUILDING TYP 4,808 2,356 2,422 4,880 4,808 1,202 2,422 0 22,898

Bldg A Bldg B Bldg C Bldg D Bldg E Bldg F Bldg G 0TOTAL MASONRY AREA PER BUILDING SQ. FT. 0 0 0 0 0 0 0 0BUILDING MATERIAL ANALYSIS% OTHER 0% 0% 0% 0% 0% 0% 0% 0%% STUCCO 0% 0% 0% 0% 0% 0% 0% 0% SUBTOTALS 4,537% DOOR + GLAZING 0% 0% 0% 0% 0% 0% 0% 0%


Gazabo 9080

Gross Land Area: 2.342 ACRES REQUIRED PROVIDEDTotal Apartment Units:38 Units STANDARD ACCESSIBLE VISITOR TOTALActual Density: 16.2 UNITS per ACRE SITE 39 31 8 0 39 NET LIVING AREA : 21,782Elevators: 0 Elevators REQUIRED: GROSS LIVING AREA: 22,898ZONING: TOTAL 39 31 8 0 39 Community/Leasing & Maintenance Bldgs 4,537


HUD GROSS FLOOR AREA (ref HUD 2264 - Page2 Section C33)(See Note 5)GROSS LIVING AREA: 22,898 OTHER BUILDINGS or SPACES 4,537 (1) HUD NET AREA: Defined as “Paint-to-Paint”.





NET AREA

NUMBER OF UNITS

BALCONY / PATIOS

PARKING ANALYSIS

UNIT TYPE

BUILDING TYPES

SITE ANALYSIS

BUILDING ANALYSIS

ACTUAL:

October 24, 2019


Albuquerque

NO. OF UNITS


MARTINEZTOWN- FRUIT

LIVING AREA UNIT (S.F.) CALCULATIONSUNIT TYPE PATIO

1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162




R-1 1 BR/ 1BATH/ LIVING/ DINING 569 611 48 0 611 659 14 28% 7,966 8,554 672 0 8,554 9,226R-2 2BR/ 1BATH/ LIVING/ DINING 899 990 17 0 990 1,007 20 40% 17,980 19,800 340 0 19,800 20,140R-3 3BR/ 1.5BATH/ LIVING/ DINING 1,041 1,128 69 0 1,128 1,197 13 26% 13,533 14,664 897 0 14,664 15,561R-4 4BR/ 2BATH/ LIVING/ DINING 1,229 1,327 69 0 1,327 1,396 3 6% 3,687 3,981 207 0 3,981 4,188

0 0 0% 0 0 0 0 0 00 0 0% 0 0 0 0 0 0

TOTALS 50 100% 43,166 46,999 2,116 0 46,999 49,115


BUILDINGS TYPES Bldg A Bldg B Bldg C Bldg D Community Building 2,016NUMBER OF BUILDINGS 7 10 5 3 0 0 0 0 Storage 73

R-1 1 BR/ 1BATH/ LIVING/ DINING 2 0 0 0 0 0 0 0 14R-2 2BR/ 1BATH/ LIVING/ DINING 0 2 0 0 0 0 0 0 20R-3 3BR/ 1.5BATH/ LIVING/ DINING 0 0 2 1 0 0 0 0 13R-4 4BR/ 2BATH/ LIVING/ DINING 0 0 0 1 0 0 0 0 30 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0

TOTAL UNITS 14 20 10 6 0 0 0 0 50BUILDING TYPES Bldg A Bldg B Bldg C Bldg D 0 0 0 0 TOTAL

NUMBER OF BUILDINGS 7 10 5 3 0 0 0 0 25HUD GROSS SF TOTALS PER BUILDING 1,222 1,980 2,256 2,455 0 0 0 0

HUD GROSS SF SITE TOTALS PER BUILDING TYP 8,554 19,800 11,280 7,365 0 0 0 0 46,999

Bldg A Bldg B Bldg C Bldg D 0 0 0 0TOTAL MASONRY AREA PER BUILDING SQ. FT. 0 0 0 0 0 0 0 0BUILDING MATERIAL ANALYSIS% OTHER 0% 0% 0% 0% 0% 0% 0% 0%% STUCCO 0% 0% 0% 0% 0% 0% 0% 0% SUBTOTALS 2,089% DOOR + GLAZING 0% 0% 0% 0% 0% 0% 0% 0%


00

Gross Land Area: 3.23 ACRES REQUIRED PROVIDEDTotal Apartment Units: 50 Units STANDARD ACCESSIBLE VISITOR TOTALActual Density: 15.5 UNITS per ACRE SITE 70 65 5 0 70 NET LIVING AREA : 43,166Elevators: 0 Elevators REQUIRED: GROSS LIVING AREA: 46,999ZONING: TOTAL 70 65 5 0 70 Community/Leasing & Maintenance Bldgs 2,089


HUD GROSS FLOOR AREA (ref HUD 2264 - Page2 Section C33)(See Note 5)GROSS LIVING AREA: 46,999 OTHER BUILDINGS or SPACES 2,089 (1) HUD NET AREA: Defined as “Paint-to-Paint”.



October 24, 2019


Albuquerque

NO. OF UNITS


MARTINEZTOWN- ROMA

LIVING AREA UNIT (S.F.) CALCULATIONSUNIT TYPE PATIO



NET AREA

NUMBER OF UNITS

BALCONY / PATIOS

PARKING ANALYSIS

UNIT TYPE

BUILDING TYPES

SITE ANALYSIS

AREA

ACTUAL:

o 505.982.7878 e [email protected] Paseo de Peralta, Santa Fe, New Mexico 87501

© thomas gifford architect, llc 2019

T H O M A S G I F F O R D A R C H I T E C TA R C H I T E C T U R E U R B A N D E S I G N

DATE : OCT 24, 2019SHT :

GIFFORDNO. 004507

STAT

E

OF

NEW

MEXICO

REGIS T E R E D

A R C HI T EC T

THOMAS

A L B U Q U E R Q U E H O U S I N G A U T H O R I T Y

T H E C O M M O N S A T M A R T I N E Z T O W NA R N O . F R U I T . R O M A

1840 University Blvd SE, Albuquerque, NM 87106

A R C H I T E C T

Tom GiffordTHOMAS GIFFORD ARCHITECT1709 Paseo de PeraltaSanta Fe, New Mexico 87501o 505.982.7878m 505.690.5898e [email protected]

A00PROJECT INFORMATION

PROJECT INFORMATION

T H E C O M M O N S A T M A R T I N E Z T O W N

D E V E L O P E R

ALBUQUERQUE HOUSING AUTHORITY1840 University Boulevard SEAlbuquerque, New Mexico 87106

P R O J E C T

THE COMMONS AT MARTINEZTOWN615 Arno NEAlbuquerque, New Mexico

415 Fruit Street NEAlbuquerque, New Mexico

320 Roma Avenue NEAlbuquerque, New Mexico

A R N O S I T E S U M M A R Y

SITE: TRACT 1 0.714 ACRES 31,084.6 SF

UNITS: 8 DUPLEX UNITSREGULAR 6 UNITSNEW UFAS 2 UNITS (1 PHYSICALLY ACCESSIBLE + 1 HEARING/VISION ACCESSIBLE)

PARKING: REGULAR 7NEW ADA 1 (1 VAN ACCESSIBLE)

BICYCLE: 8 UNITS X 0.15 BIKE SPACES = 2 MFA REQUIRED SPACES

A R N O D W E L L I N G U N I T S U M M A R Y

UNIT TYPE DESCRIPTION SIZE QUANTITYA1 TWO BEDROOM, ONE BATH 633 sf 2

A1 UFAS (PHYSICAL) TWO BEDROOM, ONE BATH 633 sf 1

TOTAL 8

TOTAL 8 (11 REQUIRED AND 8 PROVIDED)

A1 UFAS (HEARING) TWO BEDROOM, ONE BATH 633 sf 1

F R U I T S I T E S U M M A R Y

SITE: TRACT 1 0.711 ACRES 30,971.2 SFTRACT 2 1.631 ACRES 71,026.3 SF

UNITS: 38 TOWNHOUSE UNITSREGULAR 38 UNITSUFAS 2 UNITS (2 PHYSICALLY ACCESSIBLE + 1 HEARING/VISION ACCESSIBLE)

PARKING: REGULAR 31ADA 8 (2 VAN ACCESSIBLE+ 6 ACCESSIBLE)

BICYCLE: 38 UNITS X 0.15 BIKE SPACES = 6 MFA REQUIRED BIKE SPACES

F R U I T D W E L L I N G U N I T S U M M A R Y

UNIT TYPE DESCRIPTION SIZE QUANTITYF1 ONE BEDROOM, ONE BATH 610 sf 10

F1 (PHYSICAL) ONE BEDROOM, ONE BATH 610 sf 1

TOTAL 38

TOTAL 39 (52 REQUIRED AND 17 PROVIDED)

F1A ONE BEDROOM, ONE BATH 589 sf 3

F1 UFAS (HEARING) ONE BEDROOM, ONE BATH 610 sf 1

R O M A S I T E S U M M A R Y

SITE: TRACT 1 3.23 ACRES 140,720.8 SF

UNITS: 50 DUPLEX UNITSREGULAR 46 UNITSUFAS 4 UNITS (3 PHYSICALLY ACCESSIBLE + 1 HEARING/VISION ACCESSIBLE)

PARKING: REGULAR 65ADA 5 (4 VAN ACCESSIBLE + 1 ACCESSIBLE)

BICYCLE: 50 UNITS X 0.5 BIKE SPACES = 25 MFA REQUIRED BIKE SPACES

R O M A D W E L L I N G U N I T S U M M A R Y

UNIT TYPE DESCRIPTION SIZE QUANTITYR1 ONE BEDROOM, ONE BATH 616 sf 10

R2 TWO BEDROOM, ONE BATH 990 sf 20R3 THREE BEDROOM, ONE AND HALF BATH 1,128 sf 13

TOTAL 50

TOTAL 70 REQUIRED AND PROVIDED

R1 UFAS (HEARING) ONE BEDROOM, ONE BATH 616 sf 1R1 UFAS (PHYSICAL) ONE BEDROOM, ONE BATH 616 sf 3

F1A (PHYSICAL) ONE BEDROOM, ONE BATH 589 sf 1 R4 FOUR BEDROOM, TWO BATH 1,327 sf 3

Sheet IndexSheet Number Sheet Title

A00 PROJECT INFORMATION

A01 SITE AERIAL

A02 LOCATION AND LINKAGES

A02.1 PROXIMITY TO SERVICES MAP

A02.2 PUBLIC TRANSPORTATION MAP

A02.3 OVERALL SITE PLAN

A02.4 SITE PHOTOGRAPHS

AA04 SITE PLAN - ARNO

AA05 LANDSCAPE PLAN - ARNO

AA06 BLG TYPE A FLOOR PLAN - ARNO

AA07 BLG TYPE B FLOOR PLAN - ARNO

AA08 BLG TYPE A ELEVATIONS - ARNO

AA09 BLG TYPE B ELEVATIONS - ARNO

AA10 UNIT A-1 FLOOR PLAN - ARNO

AA11 UNIT A-2 FLOOR PLAN - ARNO

AF12 SITE PLAN - FRUIT

AF13 LANDSCAPE PLAN FRUIT

AF14 BLG TYPE A FLOOR PLAN - FRUIT

AF15 BLG TYPE B (UNIT F-1) FLOOR PLAN - FRUIT

AF16 BLG TYPE B (UNIT F-1A) FLOOR PLAN - FRUIT

AF17 BLG TYPE C (LAYOUT 1) FLOOR PLAN - FRUIT

AF18 BLG TYPE C (LAYOUT 2) FLOOR PLAN - FRUIT

AF19 BLG TYPE D FLOOR PLAN - FRUIT

AF20 BLG TYPE E FLOOR PLAN - FRUIT

AF21 BLG TYPE A ELEVATIONS - FRUIT

AF22 BLG TYPE B ELEVATIONS - FRUIT

AF23 BLG TYPE C (LAYOUT 1) ELEVATIONS - FRUIT

AF24 BLG TYPE C (LAYOUT 2) ELEVATIONS - FRUIT

AF25 BLG TYPE D ELEVATIONS - FRUIT

AF26 BLG TYPE E ELEVATIONS - FRUIT

AF27 UNIT F-1 FLOOR PLAN - FRUIT

AF28 UNIT F-1A FLOOR PLAN - FRUIT

AF29 UNIT F-2 FLOOR PLAN - FRUIT

AR30 SITE PLAN - ROMA

AR31 LANDSCAPE PLAN - ROMA

AR32 BLG TYPE A FLOOR PLAN - ROMA

AR33 BLG TYPE B FLOOR PLANS - ROMA

AR34 BLG TYPE C FLOOR PLANS - ROMA

AR35 BLG TYPE D FLOOR PLANS - ROMA

AC36 COMMUNITY BLDG FLOOR PLAN - ROMA

AR37 BLG TYPE A ELEVATIONS - ROMA

AR38 BLG TYPE B ELEVATIONS - ROMA

AR39 BLG TYPE C ELEVATIONS - ROMA

AR40 BLG TYPE D ELEVATIONS - ROMA

AC41 COMMUNITY BUILDING ELEVATIONS - ROMA

AR42 UNIT R-1 FLOOR PLAN - ROMA

AR43 UNIT R-2 FLOOR PLANS - ROMA

AR44 UNIT R-3 FLOOR PLANS - ROMA

AR45 UNIT FLOOR PLANS - ROMA

F2 ONE BEDROOM, ONE BATH 601 sf 22

A2 TWO BEDROOM, ONE BATH 617 sf 4





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A01SITE AERIAL

0 1000'0

AERIAL VIEW

N

1 Property Boundary

S I T E P L A N K E Y N O T E S

A E R I A L L E G E N D

MARTINEZTOWN SITE

415 Fruit Ave. NE, Albuquerque, NM 87102Parcel 13A of MARTINEZTOWN PLAN (Phase 4) (1 of 2) in the City of Albuquerque, New Mexico as the same is shown anddesignated on said plat, filed in the Office the County Clerk of Bernalillo County, New Mexico, on January 9, 1975, in plat book C10,folio 74.ANDParcel 13-B-1-A, as the same is shown and designated on the plat entitled “Plat of Parcel 13-B-1-A MARTINEZ PLAN, comprisedof a portion of Arno Street NE and Tract 13-B-1 Martinez Plan Phase Four, City of Albuquerque…” filed in the Office of the CountyClerk of Bernalillo County, New Mexico on July 11, 2001, in map book 2001C, folio 197.

320 Roma Ave. NE, Albuquerque, NM 87102

A certain tract or parcel of land being all of the land shown as Martineztown Plan (Phase II) as described on the plat of theMartineztown Plan (Phase II) in the City of Albuquerque, New Mexico filed and recorded August 17, 1973, in the Office of theCounty Clerk of Bernalillo County, New Mexico and re-filed March 13, 1974.

SUBJECT TO taxes, if any, for the year 1974 and subsequent years, easements, reservations, and restrictions of record, any and allrights, liens, claims, or equities in favor of the Middle Rio Grande Conservancy District which may affect the granted premises andthe conditions, covenants, restrictions and reservations contained in warranty deed from the Urban Development Agency of theCity of Albuquerque, New Mexico, to Roberson Construction Company, Inc. dated February 22, 1974.

615 Arno Street NE, Albuquerque, NM 87102Parcel numbered eleven (11), Phase Four (4) - (2 of 2) Martineztown Plan, a subdivision in the City of Albuquerque, New Mexico,as said parcel is shown and designated on the re-filing of the plat of Martineztown Plan (Phase 4) - (2 of 2) (Phase 5) (Lots 25, 26,27) filed in the Office of the County Clerk of Bernalillo County, New Mexico on July 10, 1974.

A tract of land situate in Section 17, Township 10 North, Range 3 East, N.M.P.M., within the City of Albuquerque, New Mexico, beingand comprising a portion of lot seven (7) and all of lots one (1) through five (5) in block two (2) of the SULZER ADDITION no. 1 asthe same are shown and designated on the plat of said addition, filed in the Office of the Probate Clerk and Ex-Officio Recorder ofBernalillo County, New Mexico, on the 29th day of January 1892, together with lots three (3) and four (4) in block one (1) ofBALDUINI ADDITION, as the same are shown and designated on the plat of said addition filed in the Office of the County Clerk ofBernalillo County, New Mexico, on the 15th day of March, 1923, together with the southerly one-half (1/2) of Fruit Avenue NElying northerly and adjacent to the north boundary of said lot three (3) in block one (1) of the BALDUINI ADDITION, being combined,more particularly described as follows:

BEGINNING at the northeast corner of the tract herein set forth, a point marking the intersection of the center line of FruitAvenue NE with the westerly right-of-way line of Arno Street NE whence northeast corner of block one (1) of the abovementioned Balduini Addition bears S. 09 degrees 34' 20” W., 25.00 feet distant; and running thence:S. 09 degrees 34' 20” W., 218.57 feet along the said westerly right-of-way line of Arno Street NE, to the southeast corner of thetract herein set forth; thence leaving said Arno Street and running:N. 80 degrees 35' 10” W., 142.00 feet to a point on the easterly line of a public alley and the southwest corner of the tract hereinset forth; thence:N. 09 degrees 34' 20” E., 219.24 feet along the said easterly line of a public alley to a point on the centerline of said Fruit AvenueNE and the northwest corner of the tract herein set forth; thence:S. 80 degrees 19' 00” W., 142.00 feet along said centerline of Fruit Avenue NE to the northeast corner and place of beginning.Containing seven thousand one hundred and thirty-six ten thousandths (0.7136) of one acre, (31,085) square feet, more or less.

L E G A L D E S C R I P T I O N

1/2 MILE CIRCLE

J U R I S D I C T I O N M A P n.t.s.

The project is located 1.5 miles from the intersection of I-25 and I-40 on Arno Street NE. The site has three accesspoints; one from Lomas Boulevard turning South on Edith Boulevard NE, one from Broadway Boulevard turning East onRoma Ave NE, and the other from Dr. Martin Luther King Jr Avenue NE turning North on Edith Boulevard NE. The projectaddresses are; 615 Arno NE, 415 Fruit Street NE and 320 Roma Avenue NE, Albuquerque, New Mexico 87102.

D I R E C T I O N S

1 MILE

LOMAS BLVD NE

DR. MARTIN LUTHER KING JR. AVENUE NEBR

OADW

AY B

LVD

NE

ARNO

STR

EET

NEED

ITH

BLVD

NE

FRUIT AVENUE NEROMA AVENUE NE

A L B U Q U E R Q U EPROJECT LOCATION

central avenuemlk ave

broa

dway

blv

d

lomas blvd

I-25

I-40

univ

ersit

y bo

ulev

ard

ARNO

FRUIT

ROMA

1/2 MILE

3000'0





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A02LOCATION AND LINKAGES

LOCATION AND LINKAGESL O C A T I O N L E G E N D

MARTINEZTOWN SITE

1/2 MILE CIRCLE

C

R

$

12345

Shell - retailMacDonald's - serviceTaqueria Mexicana - serviceCarl's Jr. - service

L O C A T I O N K E Y N O T E S

S E R V I C E S

R E T A I L

C I V I C A N D C O M M U N I T Y

SUPERMARKET

PHARMACY

BANK

RESTAURANT

LAUNDRY/DRYCLEANER

COMMUNITY RECREATION CENTER

COMMUNITY CENTER

PLACE OF WORSHIP

MEDICAL

PARK

G GYM, EXERCISE STUDIO

LIBRARY

JW Cafe - retail6789

Lovelace UNM Rehabilitation Hospital - communityLovelace Medical Center - communityJackson Wink MMA Academy-service

10111213

Albuquerque Charter Academy - communityMartineztown Park - civicWallgreens Pharmacy - retailManuel's Food Market- service

14151617

Longfellow Elementary School - communityFill Up - retailStarbucks-serviceBank of the West - service

GAS STATION/ MART

S SCHOOL

18Kindred Hospital Albuquerque - communitySecond Presbyterian Church - community

1 2

3

4

5

6

7

G8

S9

10

R11

12

S13

14

15

$16

17

18

1/2 MILE

1/2 MILE

ARNO

FRUIT

ROMA

LOMAS BLVD NE

DR. MARTIN LUTHER KING JR. AVENUE NE

BROA

DWAY

BLV

D NE

ARNO

STR

EET

NEMARQUETTE AVE NE

EDIT

H BL

VD N

E

FRUIT AVENUE NE

ROMA AVENUE NE

HIGH

STR

EET

NE

ROMA AVENUE NE

0 400'0 800'0N

BUS ROUTE #11 WITH FOUR (4) WEST BOUND AND THREE (3) EAST BOUND BUS STOPS INDICATED

BUS STOP

BUS ROUTE #6 WITH TWO (2) WEST BOUND, ONE (1) NORTH BOUND AND ONE (1) EAST BOUND BUS STOPS INDICATED

BUS ROUTE #12 WITH THREE (3) WEST BOUND AND FOUR (4) EAST BOUND BUS STOPS INDICATED

BUS ROUTE #16 WITH TWO (2) NORTH BOUND AND TWO (2) SOUTH BOUND BUS STOPS INDICATED


BUS ROUTE #92 WITH ONE (1) WEST BOUND AND THREE (3) EAST BOUND BUS STOPS INDICATED





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A02.1PROXIMITY TO SERVICES MAP

C

R

$

PROXIMITY TO SERVICES MAPL O C A T I O N L E G E N D

MARTINEZTOWN SITE

1/2 MILE CIRCLE

S E R V I C E S

R E T A I L

C I V I C A N D C O M M U N I T Y

SUPERMARKET

PHARMACY

BANK

RESTAURANT

LAUNDRY/DRYCLEANER

COMMUNITY RECREATION CENTER

COMMUNITY CENTER

PLACE OF WORSHIP

MEDICAL

PARK

G GYM, EXERCISE STUDIO

LIBRARY

GAS STATION/ MART

S SCHOOL

0 400'0 800'0N

12345

Shell - retailMacDonald's - serviceTaqueria Mexicana - serviceCarl's Jr. - service

L O C A T I O N K E Y N O T E S

JW Cafe - retail6789

Lovelace UNM Rehabilitation Hospital - communityLovelace Medical Center - communityJackson Wink MMA Academy-service

10111213

Albuquerque Charter Academy - communityMartineztown Park - civicWallgreens Pharmacy - retailManuel's Food Market- service

14151617

Longfellow Elementary School - communityFill Up - retailStarbucks-serviceBank of the West - service

18Kindred Hospital Albuquerque - communitySecond Presbyterian Church - community

G

S

R

S

$

1/2 MILE

1/2 MILE

ARNO

FRUIT

ROMA

LOMAS BLVD NE


BROA

DWAY

BLV

D NE

ARNO

STR

EET

NEMARQUETTE AVE NE

EDIT

H BL

VD N

E

FRUIT AVENUE NE

ROMA AVENUE NE

HIGH

STR

EET

NE

ROMA AVENUE NE

1 2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18





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A02.2PUBLIC TRANSPORTATION MAP

PUBLIC TRANSPORTATION MAPL O C A T I O N L E G E N D

MARTINEZTOWN SITE

1/2 MILE CIRCLE

BUS ROUTE #11 WITH FOUR (4) WEST BOUND AND THREE (3) EAST BOUND BUS STOPS INDICATED

BUS STOP

BUS ROUTE #6 WITH TWO (2) WEST BOUND, ONE (1) NORTH BOUND AND ONE (1) EAST BOUND BUS STOPS

1/2 MILE

0 400'0 800'0N

1/2 MILE

ARNO

FRUIT

ROMA

LOMAS BLVD NE


BROA

DWAY

BLV

D NE

ARNO

STR

EET

NEMARQUETTE AVE NE

EDIT

H BL

VD N

E

FRUIT AVENUE NE

ROMA AVENUE NE

HIGH

STR

EET

NE

ROMA AVENUE NE

ROUTE 11

ROUTES6,16


BUS ROUTE #16 WITH TWO (2) NORTH BOUND AND TWO (2) SOUTH BOUND BUS STOPS INDICATED


BUS ROUTE #92 WITH ONE (1) WEST BOUND AND THREE (3) EAST BOUND BUS STOPS INDICATED

ROUTE 11

ROUTE 11

ROUTES6,11

ROUTES6,11

ROUTE 11ROUTE 16

ROUTES6,11

ROUTE 16 ROUTE 16

ROUTES12,50,92

ROUTES12,50,92

ROUTES12,50,92

ROUTES12,50

ROUTES12,50,92

ROUTES12,50,92

ROUTES12,50,92

INDICATED

BUILDING 1TYPE A

BUILDING 2TYPE B

BUILDING 3TYPE B

BUILDING 4TYPE A

2 UNITS

2 UNITS

2 UNITS

2 UNITS

BUILDING 9TYPE D

BUILDING 10TYPE F

BUILDING 11TYPE G

BUILDING 13COMMUNITY

BUILDING 1TYPE E

BUILDING 2TYPE A

BUILDING 3TYPE A

BUILDING 4TYPE A

BUILDING 5TYPE A

BUILDING 6TYPE B

BUILDING 12TYPE D

BUILDING 7TYPE C

BUILDING 8TYPE E

4 UNITS2 UNITS

4 UNITS

4 UNITS

2 UNITS2 UNITS

2 UNITS

2 UNITS

4 UNITS

4 UNITS4 UNITS

4 UNITS

BUILDING 1TYPE A

BUILDING 2TYPE A

BUILDING 4TYPE B

BUILDING 3TYPE B

BUILDING 5TYPE C

BUILDING 6TYPE D

BUILDING 7TYPE C

BUILDING 8TYPE D BUILDING 9

TYPE DBUILDING 11

TYPEC

BUILDING 10TYPE C

BUILDING 13TYPE B

BUILDING 12TYPE C

BUILDING 14TYPE B

BUILDING 24TYPE B

BUILDING 25TYPE A BUILDING 23

TYPE A

BUILDING 22TYPE B

BUILDING 20TYPE B

BUILDING 21TYPE A


BUILDING 15TYPE B

BUILDING 16TYPE B

BUILDING 17TYPE B

BUILDING 18TYPE A

BUILDING 19TYPE A

2 UNITS 2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS 2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS 2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS 2 UNITS

2 UNITS





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A02.3OVERALL SITE PLAN

OVERALL SITE PLAN1" = 100'0

ARNO

ROMA

FRUIT

N 00 100' 200'

LOMAS BLVD NE

BROADWAY BLVD NE

ARNO STREET NE

MARQUETTE AVE NE

EDITH BLVD NE

FRUIT AVENUE NE

ROMA AVENUE NE

ROMA AVENUE NE

O V E R A L L S I T E P L A N N O T E S

S I T E L E G E N DEXISTING APARTMENT-RENOVATION

· SEE INDIVIDUAL SITE PLANS FOR ALL REQUIREMENTS

· THE PROJECT WILL COMPLY WITH THE MFA 2019 REHABILITATION MANDATORYDESIGN STANDARDS FOR MULTIFAMILY HOUSING.

· SITE AND UNITS SHALL BE ACCESSIBLE FOR PEOPLE WITH DISABILITIESINCONFORMANCE WITH FEDERAL AND STATE LAWS INCLUDING FHA AND ADA. PERANSI A117.1 AND UFAS 5% OF UNITS SHALL MEET REQUIREMENTS FOR TYPE A UNITSAND 2% SHALL MEET THE REQUIREMENTS FOR "HEARING IMPAIRED UNIT".

· ALL ELEMENTS SHALL MEET THE REQUIREMENTS OF ANSI A117.1 AND ADA INCLUDINGPARKING, ACCESSIBLE ROUTES TO ALL SITE FEATURES INCLUDING MAIL, COMMUNITYBUILDING, LAUNDRY, PLAY AREAS, PUBLIC WAY, COMMONS, AND RESIDENTIAL UNITS

· ALL GROUND FLOOR UNITS ON AN ACCESSIBLE PATH TO BE ADAPTABLE PER THEPROVISIONS OF EITHER TYPE A OR TYPE B UNITS.

· ALL CONSTRUCTION SHALL BE DESIGNED AND CONSTRUCTED TO PROVIDE ENERGYEFFICIENCY, DECREASED WATER USAGE AND INCREASED DURABILITY. ALL UNITSSHALL ACHIEVE A HERS CERTIFICATION NOT GREATER THAN 65.

· SITES SHALL BE DESIGNED, CONSTRUCTED, MONITORED AND MAINTAINED INACCORDANCE WITH THE FEDERAL CLEAN WATER ACT.

OVERALL SITE PLAN

PHYSICALLY ACCESSIBLE DWELLING UNIT AND/OR PARKING SPACE

HEARING/VISION ACCESSIBLE DWELLING UNIT

123 Existing Yardwall- ADD 2'0 HEIGH

O V E R A L L S I T E P L A N K E Y N O T E S

Existing Parking- resurfaceExisting Property Line

4





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A02.4SITE PHOTOGRAPHS

SITE PHOTOGRAPHS

P H O T O G R A P H K E Y M A P

1 Arno - view from parking to south

P H O T O G R A P H N O T E S

2 Arno - view from parking to west3 Arno - view from parking to north4 Arno - rear yards5 Fruit - view from fruit avenue to east6 Fruit - view from edith boulevard to west 7 Fruit - rear yards along lomas boulevard8 Fruit - view to gazebo9 Roma - view from parking to north10 Roma - view from parking to west11 Roma - view from broadway boulevard to east12 Roma - view from arno street to south

ARNO - VIEW FROM PARKING TO SOUTH

FRUIT - VIEW FROM FRUIT AVENUE TO EAST

ROMA - VIEW FROM PARKING TO NORTH

1 2 3 4

5 6 7 8

9 10 11 12

13 14

13 Roma community building - north facade14 Roma community building - east facade

1

A R N O

F R U I T

R O M A

2 3

4

5

6

7

8

15 16

910

11

12

1315 16

14

N

ARNO - VIEW FROM PARKING TO WEST ARNO - VIEW FROM PARKING TO NORTH ARNO - REAR YARDS

FRUIT - VIEW FROM EDITH BOULEVARD TO WEST FRUIT - REAR YARDS ALONG LOMAS BOULEVARD FRUIT - VIEW TO GAZEBO

ROMA - VIEW FROM PARKING TO WEST ROMA - VIEW FROM BROADWAY BOULEVARD TO EAST ROMA - VIEW FROM ARNO STREET TO SOUTH

ROMA COMMUNITY BUILDING - NORTH FACADE ROMA COMMUNITY BUILDING - EAST FACADE ROMA COMMUNITY BUILDING - WEST FACADE ROMA COMMUNITY BUILDING - NORTH EAST CORNER

15 Roma community building - west facade16 Roma community building - north east corner





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AA04SITE PLAN - ARNO

N

BUILDING 1TYPE A

BUILDING 2TYPE B

BUILDING 3TYPE B

BUILDING 4TYPE A

2 UNITS

2 UNITS

2 UNITS

2 UNITS

S I T E P L A N N O T E S

S I T E L E G E N DEXISTING APARTMENT

· THE PROJECT WILL COMPLY WITH THE MFA 2019 NEW CONSTRUCTION ANDMANDATORY DESIGN STANDARDS FOR MULTIFAMILY HOUSING.






SITE PLAN

3/4" SANTA FE BROWN GRAVEL W/ PERMEABLE WEED BARRIER

NATIVE GRASSES OR SOD GRASS AT COMMONS ONLY

KIDS PLAY AREA RUBBER MULCH AND/OR PLAY SURFACE



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Existing SetbackExisting Yardwall, add 2'0

78


9

Rework Trash and Recycling Enclosure

11New Bike Rack

New Kids Play Area (Age 5-12)

10

New Tot Play Area (Age under 5)

New Dog AreaNew Play Area (Age12 and older)

New Bench

121314

New Metal Fence, 5'0 h.New Stucco/Masonry, 5'0 h.New Stucco/Masonry, 3'0 h.

Existing Parking- resurface

15

Existing Property Line New Gate, 5'0 h.

1

SITE PLAN1" = 40'0

1

2

1

1

3

3

3

3

4

4

COMMONSWe will have a central commons foruse by all residences. It will have sodgrass and be available for active andpassive activities. There will bebenches and low wall along the eastside.

13

5

13

UNIT PRIVATE YARDSPart of the front and the entire rearyards will be fenced to providesecurity and a sense of ownership

3

13

11

11

14

14

13

13

0 40' 80'

UNIT PRIVATE YARDSPart of the front and the entire rearyards will be fenced to providesecurity and a sense of ownership





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AA05LANDSCAPE PLAN - ARNO

BUILDING 1TYPE A

BUILDING 2TYPE B

BUILDING 3TYPE B

BUILDING 4TYPE A

2 UNITS

2 UNITS

2 UNITS

2 UNITS

L A N D S C A P E S Y M B O L S

STREET TREE (3" DIA. MIN. CALIPER )

LANDSCAPE PLAN

FLOWERING TREE (1.5" DIA. MIN. CALIPER

EVERGREEN TREE (6'0 TALL MIN)

RAISED METAL PLANTER, 18" TALL, CORTEN STEEL

NATIVE GRASSES (SEE ABOVE) WITH/ SHRUBS, GRASSES, PERENNIALSNEW MEXICO PRIVIT- Forestiera neomexicana (5 GALLON)MUGO PINE- Pinus mugo (2 GALLON)COLORADO COLUMBINE- Aquilegia spp. (1 GALLON)

AMERICAN SYCAMORE- Plantanus occidentalisRIO GRANDE COTTONWOOD- Populus fremonti

EXISTING TOWNHOME AND COMMUNITY BUILDING


NATIVE GRASSES OR SOD GRASS AT LA RESOLANA COMMONS ONLY

KIDS PLAY AREA RUBBER MULCH AND/OR PLAY SURFACE, RUBBERIZED PLAY

COLORADO COLUMBINE- Aquilegia spp. (1 GALLON)

PONDEROSA PINE-Pinus ponderosaPINON PINE- Pinus edulis

BRADFORD PEAR- Pyrus calleryanaEASTERN REDWOOD- Cercis canadensis

MUGO PINE- Pinus mugo (2 GALLON)

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L A N D S C A P E P L A N K E Y N O T E S

L A N D S C A P E P L A N N O T E S· THE PROJECT WILL COMPLY WITH THE MFA 2019 NEW CONSTRUCTION AND

MANDATORY DESIGN STANDARDS FOR MULTIFAMILY HOUSING.






New Bike Rack

New Kids Play Area (Age 5-12)New Tot Play Area (Age under 5)


New Bench

SURFACE, OR ARTFICIAL TURF

7 New Ponding8 Garbage Enclosure

PONDINGDetention ponds will be 36-48"deep maximum and lined with 4-6"cobble. These will provide large amounts of stormwater storage. Therewill be a 4'0 h. metal fence around each pond

SWALEThe rear yard swales will be 6" deep maximum and will be landscaped thesame as the rear yard. These swales will encourage localized rain waterinfiltration.

SWALEThe front yard swales will be 6" deep maximum and lined with 4-6"gravel. These swales will encourage localized rain water infiltration.

65

5

6

LANDSCAPE PLAN1" = 40'0

N00 50' 100'

5

47'-3"

23'-7 1/2"

29'-

6"





GIFFORDNO. 004507

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THOMAS




AA06BLG TYPE A FLOOR PLAN - ARNO

S I T E K E Y P L A N

BUILDING PLAN

A R N O

2 6

3, 4

1

7

5

BEDROOM MASTER

BATHROOM

KITCHENLIVING

PORTAL

RANGE

PANTRYW

SCALE :

1 BUILDING TYPE A FLOOR PLAN - ARNOAA06 1/8" = 1'-0"----

12345

NEW RESIDENTIAL UNITFIRE RISER ROOMCOMMUNITY ROOMLEASING OFFICESLAUNDRY ROOM

B U I L D I N G L E G E N D

B U I L D I N G N A R R A T I V E

· All buildings/ units to have a HERS rating of no greater than 65

· This project to meet the requirements of Build Green NM

· Each building facade has two distinct stucco colors- a main color

and and entry accent color

· Building facades are multi-faced utilizing recess, stucco and

metal projections and steps in elevation.

· Each building elevation has three different materials; stucco,

wood, corten and galvanized metal

· The sun control device are 3/16" thick x 12" deep metal are

attached directly over the finished stucco. The metal is rust

patina and clear sealed.

· The conductors and downspouts are galvanized metal with

downspout.

· Each building will have a building will have large building address

signage and unit, both of which will be illuminated.

· Each building will have integrated pest management and include

sealing all walls, floor and joist penetrations with low-voc caulk

NEW EXTERIOR AND INTERIOR WALLS-

EXTERIOR- NEW STUCCO SYSTEM

WALLS

B U I L D I N G K E Y N O T E S

00 8' 16'

61'-9"

30'-10 1/2"

23'-

9"





GIFFORDNO. 004507

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AA07BLG TYPE B FLOOR PLAN - ARNO


A R N O

6 21

7

3, 4

5

BEDROOM MASTER

BATHROOM

KITCHEN

LIVING

PORTAL

DW

SCALE :

1 BUILDING TYPE B FLOOR PLAN - ARNOAA07 1/8" = 1'-0"----

BUILDING PLAN

12345
















downspout.







WALLS


00 8' 16'

10'-

0"10

'-0"

10'-

0"

10'-

0"





GIFFORDNO. 004507

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AA08BLG TYPE A ELEVATIONS - ARNO


BUILDING ELEVATIONS

A R N O

123456

NEW ELASTOMERIC STUCCO SYSTEM MAIN COLORNEW ELASTOMERIC STUCCO SYSTEM ACCENT COLORNEW WINDOW OR DOORNEW GALVANIZED CONDUCTOR AND/OR DOWNSPOUTNEW 3/16" T. CORTEN DOOR OR WINDOW SHADEEXISTING YARD WALL W/ NEW STUCCO

7 NEW STUCCO CONTROL JOINT 8

FINISH GRADE, SLOPE 1/4"/FT MIN AWAY FROM BUILDINGS

E L E V A T I O N K E Y N O T E S

F A C A D E N A R R A T I V E

9BUILDING SIGNAGE

· The new sun control device are 3/16" thick x 12" deep metal are


patina and clear sealed. The new metal canales are 3/16" thick

metal and light gauge downspout. the metal is rust patina and

clear sealed.

· Each building has three different materials; stucco, corten steel,

wood (portal roofs) and corten steel window/door shades, and

galvanized metal.

· Each building facade has two distinct colors

· Each building will have large building address signage and unit

signage, both will be illuminated.

10UNIT SIGNAGE

NEW STUCCO WEEP SCREED

11

1

2

1

1 1

2

2

3 3 3 3

8 89 9 9 9

89 9

4

44 4

7

113 3 3 3

89 9

47112

47

SCALE :

1 BUILDING TYPE A FRONT ELEVATION - ARNOAA08 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE A REAR ELEVATION - ARNOAA08 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE A SIDE ELEVATION - ARNOAA08 1/8" = 1'-0"---- SCALE :

4 BUILDING TYPE A SIDE ELEVATION - ARNOAA08 1/8" = 1'-0"----

00 8' 16'

AutoCAD SHX Text

2

10'-

0"10

'-0"

10'-

0"

10'-

0"





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




AA09BLG TYPE B ELEVATIONS - ARNO


BUILDING ELEVATIONS

A R N O

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

1

1 1

2 2

2 2

3 3

8 89 99 9

3 3

89 9

4 4

7

3 3 3 3

89 9

4711 11

SCALE :

1 BUILDING TYPE B FRONT ELEVATION - ARNOAA09 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE B REAR ELEVATION - ARNOAA09 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE B SIDE ELEVATION - ARNOAA09 3/32" = 1'-0"---- SCALE :

4 BUILDING TYPE B SIDE ELEVATION - ARNOAA09 3/32" = 1'-0"----

00 8' 16'

AutoCAD SHX Text

8

AutoCAD SHX Text

8

27'-4 1/2"

29'-

6"

9'-0" 3'-9" 10'-10 1/2" 3'-11 1/2"

11'-

5 1/

2"14

'-8"

29'-

6"

3'-4

1/2

"





GIFFORDNO. 004507

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AA10UNIT A-1 FLOOR PLAN - ARNO

U N I T P L A N K E Y N O T E S

U N I T P L A N L E G E N D

1. NEW KITCHEN BASE AND UPPER CABINETS, COUNTERTOPS + APPLIANCES

2. NEW BATH BASE CABINETS, COUNTERTOPS + PLUMBING FIXTURES

3. NEW OR EXISTING NATURAL GAS FORCED AIR FURNACE AND

EVAPORATIVE COOLER , ROOF TOP MOUNTED

4. NEW OR EXISTING NATURAL GAS HOT WATER HEATER

5. MULTI-USE CLOSET 8 SF MIN

6. NEW 2X6 WOOD BLOCKING FOR FUTURE GRAB BAR INSTALLATION @

TOILETS AND SHOWER/TUBS

7. NEW DOORS AND WINDOWS

8. NEW TUB/SHOWER AND SURROUND AND TOILET FIXTURES ADA AT ALL

SENIOR AND ADA UNITS

NEW AND EXISTING EXTERIOR AND INTERIOR WALLS-


WALLS

U N I T P L A N N O T E S

· All units to meet ANSI A117.1 requirements for accessibility and

adaptability

· All UFAS units to meet requirements for physically or hearing/vision

accessibility

· All units to incorporate Universal Design principals

· All units to have a HERS rating of no greater than 65

· All units are to have new gypsum board, cabinets, plumbing fixtures,

appliances, and finishes.

· Ceiling insulation will be r-30 min, exterior wall will be r-15 min and

common wall r-13 min.

· Insulate all water lines

· Heating and cooling systems will be sized per ASHRE handbook.

· New interior finishes- paint, vinyl tile flooring, and base

at all locations

· All interior paints and primers will be less than or equal to voc levels:

flat 50g/l, non-flats 50g/l and floor 100g/l.

· All interior finishes to be clean and durable

· No carpet is used in this project

· All plumbing fixtures must be low-flow-1.6 gpf toilet, 2.0 gpm

showerhead, 1.5 gpm kitchen faucet, and 1.0 gpm bathroom faucets.

· All rooms will have permanent fixed lighting.

· All kitchen ranges will have hoods that vent direct to the exterior.

· All bathroom exhaust fans will vent direct to the exterior.

· All appliance to be Energy Star Rated (except range)

· All lighting and appliances will be energy star rated. The water heater

energy factors (ef) equate to or exceed the energy star recommended

levels.

6" DIA. LED LIGHT FIXTURE, INTERIOR OR EXTERIOR

LED WALL SCONCE, EXTERIOR OR INTERIOR, DOWN LIGHT ONLY AT

EXTERIOR

LIGHT FIXTURES

LED WALL SCONCE, INTERIOR

26

UNIT PLANS

14'3 x 14'5LIVING

8'1 x 14'10KITCHEN

PORTAL

RANGE

REF

10'3 x 10'6BEDROOM MASTER

118 SF

9'9 x 5'0BATHROOM

FURNACE

HWT

PANTRY

CLOSET

W

CLOSET

SCALE :

1 UNIT A-1 FLOOR PLAN - ARNOAA10 3/16" = 1'-0"----

00 5' 10'

6

8

3,45

7

7

7

1

1

CLOSET

30'-10 1/2"

22'-10 1/2" 8'-0"

22'-

9"

14'-2 1/2" 3'-9" 12'-11"

22'-

9"

12'-

10 1

/2"

9'-1

0 1/

2"





GIFFORDNO. 004507

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AA11UNIT A-2 FLOOR PLAN - ARNO
















WALLS



adaptability


accessibility










at all locations













levels.



EXTERIOR

LIGHT FIXTURES

LED WALL SCONCE, INTERIOR6 2 1

7

5

UNIT PLANS

16'3 x 13'0LIVING

13'2 x 7'6KITCHEN

PORTALRANGE

DW

REF


8'5 x 7'0BATHROOM

FURNACE

STOR

HWT

PANTRY CLOSET

CLOSET

PORTAL115 SF

SCALE :

1 UNIT A-2 FLOOR PLAN - ARNOAA11 3/16" = 1'-0"----

6

3,4

7

8

00 5' 10'

4

P A

R K

I N

G

S P

A C

E S

S P A C E S

5 P A R K I N G

1 4

P

A R

K I

N G

S

P A

C E

S

1 6

P

A R

K I

N G

S

P A

C E

S





GIFFORDNO. 004507

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THOMAS




AF12SITE PLAN - FRUIT

BUILDING 9TYPE B

BUILDING 10TYPE E

BUILDING 11TYPE C


BUILDING 1TYPE D

BUILDING 2TYPE A

BUILDING 3TYPE A

BUILDING 4TYPE A

BUILDING 5TYPE A

BUILDING 6TYPE B

BUILDING 12TYPE B

BUILDING 7TYPE C

BUILDING 8TYPE D

4 UNITS

2 UNITS

4 UNITS

4 UNITS

2 UNITS

2 UNITS

2 UNITS 2 UNITS

4 UNITS

4 UNITS

4 UNITS

4 UNITS









SITE PLAN






123456


78


9


11New Bike Rack


10



New Bench

121314



15


SITE PLAN1" = 40'0

1

1

1

2

2

2

2

1

9

4

1,14

4

4

10

10

10

10 11

11

11

11

11

11

11

1,14

5

5

EXISTING GABAZOThere will be additional benches,a grill and picnic tables. this willencourage residents to meet andsocialize.2

1,14

12

1212

12

dog run

1,14

12

12

12

1,14

N 0 40' 80'

4

P A

R K

I N

G

S P

A C

E S

S P A C E S

5 P A R K I N G

1 4

P

A R

K I

N G

S

P A

C E

S

1 6

P

A R

K I

N G

S

P A

C E

S

BUILDING 9TYPE D

BUILDING 10TYPE F

BUILDING 11TYPE G


BUILDING 1TYPE E

BUILDING 2TYPE A BUILDING 3TYPE A

BUILDING 4TYPE A

BUILDING 5TYPE A

BUILDING 6TYPE B

BUILDING 12TYPE D

BUILDING 7TYPE C

BUILDING 8TYPE E

dog run

4 UNITS

2 UNITS

4 UNITS

4 UNITS

2 UNITS

2 UNITS

2 UNITS2 UNITS

4 UNITS

4 UNITS

4 UNITS

4 UNITS





GIFFORDNO. 004507

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A R C HI T EC T

THOMAS




AF13LANDSCAPE PLAN FRUIT



LANDSCAPE PLAN














123456









New Bike Rack



New Bench



SWALEThe front yard swales will be 6" deepmaximum and lined with 4-6" gravel.These swales will encourage localizedrain water infiltration.

SWALEThe rear yard swales will be 6" deepmaximum and will be landscaped thesame as the rear yard. These swaleswill encourage localized rain waterinfiltration.

DOG PARKThis area pets off leashin a fenced area.

PONDINGDetention ponds will be 36-48"deepmaximum and lined with 4-6" cobble.These will provide large amounts ofstormwater storage. There will be a 4'0 h.metal fence around each pond

4

7

7

7

76

6

6

6

6

6

NEW PERIMETER TREESNew deciduous and evergreen treesat the site perimeter to enhancevisual appeal, buffer, provide shadeand most importantly reduce street

noise

NEW PERIMETER TREESNew deciduous and evergreen treesat the site perimeter to enhancevisual appeal, buffer, provide shadeand most importantly reduce street

noise

7

7

LANDSCAPE PLAN1" = 40'0

N00 40' 80'

6

5,8

5,8





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




AF14BLG TYPE A FLOOR PLAN - FRUIT


BUILDING PLAN

F R U I T

3,4

1

26

7

7

5

BATHROOM BEDROOM MASTER

KITCHEN LIVING

PORTAL

SCALE :

1 BUILDING TYPE A FLOOR PLAN - FRUITAF14 1/8" = 1'-0"----

12345
















downspout.







WALLS


00 8' 16'

54'-9"

27'-4 1/2"

51'-

8"

25'-

10"





GIFFORDNO. 004507

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A R C HI T EC T

THOMAS




AF15BLG TYPE B (UNIT F-1) FLOOR PLAN - FRUIT


BUILDING PLAN

F R U I T

3,4

1

6

7

7

5

2BATHROOM

BEDROOM MASTER

LIVINGKITCHEN

PORTAL

SCALE :

1 BUILDING TYPE B (UNIT F-1) FLOOR PLAN - FRUITAF15 1/8" = 1'-0"----

00 8' 16'

12345
















downspout.







WALLS


00 8' 16'

60'-5"30'-2 1/2"

47'-

1"

23'-

6 1/

2"





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




AF16BLG TYPE B (UNIT F-1A) FLOOR PLAN - FRUIT


BUILDING PLAN

F R U I T

3,4

6

7

7

5

2

1

BATHROOM KITCHEN

LIVINGBEDROOM MASTER

RANGE

PORTAL

SCALE :

1 BUILDING TYPE B (UNIT F-1A) FLOOR PLAN - FRUITAF16 1/8" = 1'-0"----

12345
















downspout.







WALLS


00 8' 16'

61'-1"

30'-2 1/2"30'-10 1/2"

23'-

6 1/

2"23

'-6

1/2"





GIFFORDNO. 004507

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AF17BLG TYPE C (LAYOUT 1) FLOOR PLAN - FRUIT


BUILDING PLAN

F R U I T

1

27

5

63,4

1

2

7

5

6

7

3,4

00 25' 50'

12'0 x 13'0

LIVING

10'11 x 10'8

BEDROOM

MASTER

116 SF

8'0 x 8'4

BATHROOM

KITCHEN

10'8 x 11'8

BEDROOM

MASTER

126 SF

LIVING

KITCHEN

PORTALBEDROOM MASTER

BATHROOMBATH

KITCHEN

RANGEREF

BEDROOM MASTER

LIVING

SCALE :

1 BUILDING TYPE C (LAYOUT 1) FLOOR PLAN - FRUITAF17 1/8" = 1'-0"----

12345
















downspout.







WALLS


00 8' 16'

61'-9"

30'-10 1/2"30'-10 1/2"

46'-

3 1/

2"

23'-

6 1/

2"22

'-9"





GIFFORDNO. 004507

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AF18BLG TYPE C (LAYOUT 2) FLOOR PLAN - FRUIT


BUILDING PLAN

F R U I T

3,4

2

7

5

6

7

1

LIVING

KITCHEN

PORTAL

BEDROOM MASTER

BATHROOM

BATH

KITCHEN

BEDROOM MASTER LIVING

SCALE :

1 BUILDING TYPE C (LAYOUT 2) FLOOR PLAN - FRUITAF18 1/8" = 1'-0"----

12345
















downspout.







WALLS


00 8' 16'

61'-9"

30'-10 1/2"30'-10 1/2"

45'-

6"

22'-

9"22

'-9"





GIFFORDNO. 004507

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THOMAS




AF19BLG TYPE D FLOOR PLAN - FRUIT


BUILDING PLAN

F R U I T

3,4

1

27

5

6

7

00 25' 50'

LIVINGBEDROOM MASTER

BATH

KITCHEN

SCALE :

1 BUILDING TYPE D FLOOR PLAN - FRUITAF19 1/8" = 1'-0"----

12345
















downspout.







WALLS


00 8' 16'

30'-

10 1

/2"

45'-6"

22'-9"





GIFFORDNO. 004507

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THOMAS




AF20BLG TYPE E FLOOR PLAN - FRUIT


BUILDING PLAN

F R U I T

PORTAL

LIVING

BEDROOM MASTERBATH

KITCHEN

3,4

1

2

7

5

6

SCALE :

1 BUILDING TYPE E FLOOR PLAN - FRUITAF20 1/8" = 1'-0"----

12345
















downspout.







WALLS


00 8' 16'

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ABC

ARTS & CRAFTS

SUPPLY 2

SUPPLY 3

SUPPLY 1

DIRECTOR

RECEPTIONIST

LAUNDRY

MULTI-PURPOSE ROOM 1MULTI-PURPOSE ROOM 2

KITCHEN SUPPLY 6

WOMEN

MEN

VENDING

HALL

PORTAL 2

CL1 CL2

ABC

WORK

SUPPLY 5

SUPPLY 4

PORTAL 3

PORTAL 1

ENTRY

ABC

22'-4"x29'-4" 19'-6"x28'-4"

8'-0"x10'-9"

8'-0"x6'-2"

11'-11"x22'-3"

9'-10"x11'-11"

7'-11"x7'-1"

24'-2"x12'-5"

9'-8"x11'-11"

10'-0"x14'-2"

10'-0"x10'-3"

15'-5"x9'-5"

10'-7"x22'-0"

6'-10"x16'-10"

8'-6"x21'-9"

11'-5"x4'-10"

22'-5"x9'-7" 5'-6"x9'-7"13'-3"x7'-2"

DRYING AREA

73'-6

"

8'-6" 13'-8" 29'-4" 17'-0" 11'-7"

9'-4

"7'

-8"

18'-4

"7'

-6"

30'-8

"

78'-6

"

25'-2

"37

'-6"

15'-1

0"

OFFICE





GIFFORDNO. 004507

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AF20-1.1BLDG TYPE F FLOOR PLAN - FRUIT


BUILDING PLAN

F R U I T

PORTAL

LIVING

BEDROOM MASTERBATH

KITCHEN

3,4

1

2

7

5

6

SCALE :

1 BUILDING TYPE F FLOOR PLAN-FRUITAF20-1.1 1/8" = 1'-0"----

00 8' 16'

C O M M U N I T Y P L A N N O T E S

· Community building to meet all ANSI A117.1 and ADA

requirements for accessibility

· Community building to have a HERS rating of no greater than 65

· Community building to have insulation, gypsum board, cabinets,

plumbing fixtures, appliances, and finishes.

· Ceiling insulation will be r-40 min and exterior wall will be r-25

min.



· All interior paints and primers will be less than or equal to voc

levels: flat 50g/l, non-flats 50g/l and floor 100g/l.




showerhead, 1.5 gpm kitchen faucet, and 1.0 gpm bathroom

faucets.



· All appliance to be Energy Star Rated All lighting and appliances

will be energy star rated. The water heater energy factors (ef)

equate to or exceed the energy star recommended levels.

· Building to meet all LEED for Homes, Gold requirements

C O M M U N I T Y P L A N K E Y N O T E S

C O M M U N I T Y B U I L D I N G L E G E N D

1. REPLACE ALL INTERIOR AND EXTERIOR DOOR KNOBS WITH

ACCESSIBLE LEVER TYPE HARDWARE

2. EXPAND LAUNDRY- NEW W/D AND ADA UNITS AND

COUNTERTOP

3. MODIFY EXISTING RESTROOM TO COMPLY WITH ACCESSIBILITY

REQUIREMENTS, PLUMBING FIXTURES, GRAB BARS, AND

FIXTURES

4. RE-WORK DOOR LOCATIONS AND SWING

5. NEW ADA RAMP

6. NEW HVAC AND HWT WITH ROOFTOP EVAPORATIVE COOLER



EXTERIOR- STUCCO SYSTEM, 1" RIGID INSULATION, 7/16"

O.S.B. 2X6 WOOD FRAMING @ 16" O.C., R-19 F.G. BATT INSUL,

1/2" GYPSUM B0ARD

INTERIOR- 1/2" GYPSUM BOARD, 2X4 WOOD FRAMING @ 16"

O.C., AND 1/2" GYPSUM BOARD


LED WALL SCONCE, EXTERIOR OR INTERIOR, DOWN LIGHT ONLY

AT EXTERIOOR

WALLS

LIGHT FIXTURES

48" LONG LINEAR LED LIGHT FIXTURE, INTERIOR

9'-8

"9'

-8"

9'-8

"

9'-8

"





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




AF21BLG TYPE A ELEVATIONS - FRUIT


BUILDING ELEVATIONS

F R U I T

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

3

9

4 3

6

98

1

3

9

43

6

9 8

1

9 8

44 77

7

7

11 11 44

1

9 8

77

9

9

3 33 3

2 2

SCALE :

1 BUILDING TYPE A FRONT ELEVATION - FRUITAF21 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE A REAR ELEVATION - FRUITAF21 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE A SIDE ELEVATION - FRUITAF21 1/8" = 1'-0"----

SCALE :

4 BUILDING TYPE A SIDE ELEVATION - FRUITAF21 1/8" = 1'-0"----

00 8' 16'

AutoCAD SHX Text

8

AutoCAD SHX Text

8

9'-8

"

9'-8

"

9'-8

"

9'-8

"





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




AF22BLG TYPE B ELEVATIONS - FRUIT


BUILDING ELEVATIONS

FRUIT

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

16

1

6

16

1

6

16

1

6

1

6

1

6

4

4

4

4

9 98

9 98

9 98

9 98

3 3 3 3

3 3 3 3

44

4 44

3333 44 11 11

3333 44

7

7

7

7

2 2

2 2

22

SCALE :

1 BUILDING TYPE B (UNIT F-1) REAR ELEVATION - FRUITAF22 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE B (UNIT F-1) SIDE ELEVATION - FRUITAF22 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE B (UNIT F-1A) FRONT ELEVATION - FRUITAF22 1/8" = 1'-0"----

SCALE :

4 BUILDING TYPE B (UNIT F-1A) SIDE 2 ELEVATION - FRUITAF22 1/8" = 1'-0"----

F-1

F-1

F-1A

00 8' 16'

AutoCAD SHX Text

8

AutoCAD SHX Text

8

9'-8

"

9'-8

"9'

-8"

9'-8

"





GIFFORDNO. 004507

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AF23BLG TYPE C (LAYOUT 1) ELEVATIONS - FRUIT


BUILDING ELEVATIONS

F R U I T

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

9

4 3

6

98

2

3

9

43

6

9 8

1

9 8

44 7

11 44

1

9 8

9

9

3 33

2 2

3 3 37 44

113

2

1

33433

6

61

2 2

2

SCALE :

1 BUILDING TYPE C (LAYOUT 1) FRONT ELEVATION - FRUITAF23 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE C (LAYOUT 1) REAR ELEVATION - FRUITAF23 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE C (LAYOUT 1) SIDE ELEVATION - FRUITAF23 1/8" = 1'-0"----

SCALE :


00 8' 16'

AutoCAD SHX Text

8

AutoCAD SHX Text

8





GIFFORDNO. 004507

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AF24BLG TYPE C (LAYOUT 2) ELEVATIONS - FRUIT


BUILDING ELEVATIONS

F R U I T

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

9

4 3

6

98

2

3

9

43

6

9 8

1

9 8

44 7

44

1

9 8

9

9

33

2

3 3 37 44

113

2

1

33433

6

61

2

2

6

2

SCALE :

1 BUILDING TYPE C (LAYOUT 2) FRONT ELEVATION - FRUITAF24 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE C (LAYOUT 2) REAR ELEVATION - FRUITAF24 1/8" = 1'-0"----

SCALE :


SCALE :


00 8' 16'

AutoCAD SHX Text

8

9'-8

"

9'-8

"





GIFFORDNO. 004507

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AF25BLG TYPE D ELEVATIONS - FRUIT


BUILDING ELEVATIONS

F R U I T

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

9 8

44 7

44

1

9 8

9

9

3

6

2 2

3 22

6

SCALE :

1 BUILDING TYPE D FRONT ELEVATION - FRUITAF25 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE D REAR ELEVATION - FRUITAF25 1/8" = 1'-0"----

00 8' 16'

9'-8

"9'

-8"

9'-8

"





GIFFORDNO. 004507

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AF26BLG TYPE E ELEVATIONS - FRUIT


BUILDING ELEVATIONS

F R U I T

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

3

9

4 3

6

9 8

1

9 8

477

44

1

9 8

9

9

33

1

2

74 4

2

SCALE :

1 BUILDING TYPE E FRONT ELEVATION - FRUITAF26 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE E REAR ELEVATION - FRUITAF26 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE E SIDE ELEVATION - FRUITAF26 1/8" = 1'-0"----

00 8' 16'

112'-8"

111'-0"





GIFFORDNO. 004507

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AF26-1.1BLDG TYPE F-COMMUNITY BLDG


BUILDING ELEVATIONS

F R U I T

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

SCALE :

2 BUILDING TYPE F- COMMUNITY WEST ELEVATIONAF26-1.1 1/8" = 1'-0"----

00 8' 16'

SCALE :

1 BUILDING TYPE F- COMMUNITY EAST ELEVATIONAF26-1.1 1/8" = 1'-0"----

100'-0"

114'-0"

116'-8"

113'-6"

115'-6"

113'-8"

112'-0"

115'-6"

100'-0"

114'-0"

110'-0"

107'-0"

116'-8"

100'-0"





GIFFORDNO. 004507

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AF26-2.2BLDG TYPE F-COMMUNITY BLDG


BUILDING ELEVATIONS

F R U I T

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

SCALE :

2 BUILDING TYPE F- COMMUNITY SOUTH ELEVATIONAF26-2.2 1/8" = 1'-0"----

00 8' 16'

SCALE :

1 BUILDING TYPE F- COMMUNITY NORTH ELEVATIONAF26-2.2 1/8" = 1'-0"----

30'-2 1/2"

23'-

6 1/

2"

8'-7

"11

'-2

1/2"

27'-6 1/2" 2'-8"





GIFFORDNO. 004507

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AF27UNIT F-1 FLOOR PLAN - FRUIT
















WALLS



adaptability


accessibility










at all locations













levels.



EXTERIOR

LIGHT FIXTURES


SCALE :

1 UNIT F-1 FLOOR PLAN - FRUITAF27 3/16" = 1'0----

UNIT PLANS

2

3,4 1

5

7

14'10 x 7'8KITCHEN

PORTAL

RANGEREF

8'0 x 8'4BATHROOM


122 SF

14'3 X 10'4LIVING

FURNACE

HWT

7

ENTRY

8

68

00 5' 10'

6

27'-4 1/2"

3'-10 1/2"

25'-

10"

14'-

5 1/

2"11

'-4

1/2"

8'-7" 3'-9" 15'-0 1/2"





GIFFORDNO. 004507

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AF28UNIT F-1A FLOOR PLAN - FRUIT
















WALLS



adaptability


accessibility










at all locations













levels.



EXTERIOR

LIGHT FIXTURES


UNIT PLAN

6

3,4

1

5

14'3 x 10'3LIVING

7'8 x 14'11KITCHEN

RANGE

REF


114 SF

10'0 x 5'0BATHROOM

FURNACESTOR

HWT

CLOSET

PORTAL

SCALE :

1 UNIT F-1A FLOOR PLAN - FRUITAF28 3/16" = 1'-0"----

CLOSET

7

7

28 6

00 5' 10'

30'-10 1/2"

8'-0"

22'-

9"

12'-

10 1

/2"

9'-1

0 1/

2"

14'-2 1/2" 3'-9" 12'-11"





GIFFORDNO. 004507

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AF29UNIT F-2 FLOOR PLAN - FRUIT
















WALLS



adaptability


accessibility










at all locations













levels.



EXTERIOR

LIGHT FIXTURES


UNIT PLAN

2

3,4

5

12'0 x 13'0LIVING


116 SF

5'11 x 7'0BATHROOM

15'8 x 10'10KITCHEN

RANGE REF

SCALE :

1 UNIT F-2 FLOOR PLAN - FRUITAF29 3/16" = 1'-0"----

PANTRY

16

PORTAL

8

7

77

00 5' 10'

6

1 3 P A R K I N G S P A C E S3 2 P A R K I N G S P A C E S

1 0 P A R K I N G S P A C E S


4 P A R K I N G S P A C E S

COMMONSWe will have 2 central commons for use by all residences. It will have sod grassand be available for active and passive activities. There will be benches, and low

walls





GIFFORDNO. 004507

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AR30SITE PLAN - ROMA

N

BUILDING 1TYPE A

BUILDING 2TYPE A

BUILDING 4TYPE B

BUILDING 3TYPE B

BUILDING 5TYPE C

BUILDING 6TYPE D

BUILDING 7TYPE C

BUILDING 8TYPE D

BUILDING 9TYPE D

BUILDING 11TYPEC

BUILDING 10TYPE C BUILDING 13

TYPE B

BUILDING 12TYPE C

BUILDING 14TYPE B

BUILDING 24TYPE B


TYPE A

BUILDING 22TYPE B

BUILDING 20TYPE B

BUILDING 21TYPE A


BUILDING 15TYPE B

BUILDING 16TYPE B

BUILDING 17TYPE B

BUILDING 18TYPE A

BUILDING 19TYPE A

2 UNITS 2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS 2 UNITS

2 UNITS

tot play

children

play area

dog run









SITE PLAN






123456


78


9


11New Bike Rack


10



New Bench

121314



15


SITE PLAN1" = 40'01

76

9

8

5

1,14

10 10

10

10

10

10

10

10

11

11

11

1111

1111 11 11

11

111115

15

5

1,14

1,14

1

1,4

13

1,141,14

50 40' 80'

1 3 P A R K I N G S P A C E S3 2 P A R K I N G S P A C E S



4 P A R K I N G S P A C E S





GIFFORDNO. 004507

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AR31LANDSCAPE PLAN - ROMA



LANDSCAPE PLAN














123456









New Bike Rack



New Bench



TOT PLAY AREA- This area is for children 0-5years old with age appropriate playstructures with slides, steps, climbing and

play features

PONDINGDetention ponds will be 36-48"deep maximumand lined with 4-6" cobble. These will providelarge amounts of stormwater storage. Therewill be a 4'0 h. metal fence around each pond

PLAY AREAThis area is for children 12 years old and withage appropriate structures climbing, skating andplay features

DOG PARKThis area pets off leash in a fenced

area.

SWALEThe front yard swales will be 6" deepmaximum and lined with 4-6" gravel.These swales will encourage localizedrain water infiltration.

SWALEThe rear yard swales will be 6" deep maximum and will be

landscaped the same as the rear yard. These swales willencourage localized rain water infiltration.

COMMONSWe will have a central commons for use byall residences. It will have sod grass and beavailable for active and passive activities.There will be benches, and low walls

COMMONSWe will have a central commons for use by all residences. It

will have sod grass and be available for active and passiveactivities. There will be benches, and low walls

2

1

4

7

7

7

7

7

7

66

6

66

6

6

6

6

NEW PERIMETER TREESNew deciduous and evergreen trees at the site perimeter to enhance visual

appeal, buffer, provide shade and most importantly reduce street noise

BUILDING 1TYPE A

BUILDING 2TYPE A

BUILDING 4TYPE B

BUILDING 3TYPE B

BUILDING 5TYPE C

BUILDING 6TYPE D

BUILDING 7TYPE C

BUILDING 8TYPE D

BUILDING 9TYPE D

BUILDING 11TYPEC

BUILDING 10TYPE C BUILDING 13

TYPE B

BUILDING 12TYPE C

BUILDING 14TYPE B

BUILDING 24TYPE B


TYPE A

BUILDING 22TYPE B

BUILDING 20TYPE B

BUILDING 21TYPE A


BUILDING 15TYPE B

BUILDING 16TYPE B

BUILDING 17TYPE B

BUILDING 18TYPE A

BUILDING 19TYPE A

2 UNITS 2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS

2 UNITS 2 UNITS

2 UNITS

tot play

children

play area

dog run

3

6 66

N 00 50' 100'

44'-5"

22'-2 1/2"

29'-

0 1/

2"





GIFFORDNO. 004507

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THOMAS




AR32BLG TYPE A FLOOR PLAN - ROMA


BUILDING PLAN

R O M A

3

2

7

5

6

1

BEDROOM MASTER

KITCHEN

BATHROOMLIVING

CLOSET

CLOSET

SCALE :

1 BUILDING TYPE A FLOOR PLAN - ROMAAR32 1/8" = 1'-0"----

12345
















downspout.







WALLS


00 8' 16'

27'-

5"

23'-6"

47'-0"

27'-

5"

23'-6"47'-0"





GIFFORDNO. 004507

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REGIS T E R E D

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THOMAS




AR33BLG TYPE B FLOOR PLANS - ROMA


BUILDING PLAN

R O M A

2

7

5

6

3,4

2

7

5

1

BEDROOM MASTER

BATHROOM

BEDROOM

KITCHEN

BATHROOM

LIVING

CLOSET

PORTAL

CLOSET

SCALE :

1 BUILDING TYPE B GROUND FLOOR PLAN - ROMAAR33 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE B 2ND FLOOR PLAN - ROMAAR33 1/8" = 1'-0"----

00 8' 16'

12345
















downspout.







WALLS


46'-8"

28'-

0"

23'-4"

46'-8"

28'-

0"

23'-4"





GIFFORDNO. 004507

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THOMAS




AR34BLG TYPE C FLOOR PLANS - ROMA


BUILDING PLAN

R O M A

2

7

5

6

3,4

2

7

5

1

BEDROOM MASTER

CLOSET CLOSET

BEDROOM

BATHROOM

BEDROOM

LIVING

KITCHEN

PORTAL

BATHSTORAGE

PANTRY

CLOSET

CLOSET

SCALE :

1 BUILDING TYPE C GROUND FLOOR PLAN - ROMAAR34 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE C 2ND FLOOR PLAN - ROMAAR34 1/8" = 1'-0"----

12345
















downspout.







WALLS


50'-10"27'-6"

34'-

0"

50'-10"

28'-

0"

27'-6"





GIFFORDNO. 004507

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THOMAS




AR35BLG TYPE D FLOOR PLANS - ROMA


BUILDING PLAN

R O M A

2

7

5

6

2

7

5

6

3,4

1

BEDROOM MASTER

CLOSETCLOSET

BEDROOM

BATHROOM

BEDROOM

LIVING

KITCHEN

PORTAL

BATH

STORAGE

PANTRY

KITCHEN

BATHROOM

STORAGE

PANTRY

MASTER

PORTAL

BEDROOM

SCALE :

1 BUILDING TYPE D GROUND FLOOR PLAN - ROMAAR35 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE D 2ND FLOOR PLAN - ROMAAR35 1/8" = 1'-0"----

12345
















downspout.







WALLS


LIVING

53'-

2"

5'-1

0 1/

2"

54'-4 1/2"

16'-7 1/2"

54'-4 1/2"

30'-8 3/4"

37'-

0 1/

2"

53'-

2"

24'-

3"23

'-0

1/2"

37'-9 1/4"

16'-

1 1/

2"





GIFFORDNO. 004507

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THOMAS




AC36COMMUNITY BLDG FLOOR PLAN - ROMA


BUILDING PLAN

R O M A

C O M M U N I T Y P L A N N O T E S

· Community building to meet all ANSI A117.1 and ADA

requirements for accessibility

· Community building to have a HERS rating of no greater than 65

· Community building to have insulation, gypsum board, cabinets,

plumbing fixtures, appliances, and finishes.

· Ceiling insulation will be r-40 min and exterior wall will be r-25

min.



· All interior paints and primers will be less than or equal to voc

levels: flat 50g/l, non-flats 50g/l and floor 100g/l.




showerhead, 1.5 gpm kitchen faucet, and 1.0 gpm bathroom

faucets.



· All appliance to be Energy Star Rated All lighting and appliances

will be energy star rated. The water heater energy factors (ef)

equate to or exceed the energy star recommended levels.

· Building to meet all LEED for Homes, Gold requirements

C O M M U N I T Y P L A N K E Y N O T E S

C O M M U N I T Y B U I L D I N G L E G E N D

1. REPLACE ALL INTERIOR AND EXTERIOR DOOR KNOBS WITH

ACCESSIBLE LEVER TYPE HARDWARE

2. EXPAND LAUNDRY- NEW W/D AND ADA UNITS AND

COUNTERTOP

3. MODIFY EXISTING RESTROOM TO COMPLY WITH ACCESSIBILITY

REQUIREMENTS, PLUMBING FIXTURES, GRAB BARS, AND

FIXTURES

4. RE-WORK DOOR LOCATIONS AND SWING

5. NEW ADA RAMP

6. NEW HVAC AND HWT WITH ROOFTOP EVAPORATIVE COOLER



EXTERIOR- STUCCO SYSTEM, 1" RIGID INSULATION, 7/16"

O.S.B. 2X6 WOOD FRAMING @ 16" O.C., R-19 F.G. BATT INSUL,

1/2" GYPSUM B0ARD

INTERIOR- 1/2" GYPSUM BOARD, 2X4 WOOD FRAMING @ 16"

O.C., AND 1/2" GYPSUM BOARD


LED WALL SCONCE, EXTERIOR OR INTERIOR, DOWN LIGHT ONLY

AT EXTERIOOR

WALLS

LIGHT FIXTURES

48" LONG LINEAR LED LIGHT FIXTURE, INTERIOR

1,3

N

PORTAL

31'2 x 36'4COMMUNITY ROOM

PORTAL

PORTAL

11'4 x 9'10OFFICE

11'4 x 9'10OFFICE

STORAGE STORAGE

9'8 x 7'0WOMENS

STO

MECH/ELEC

7'11 x 9'0MENS

18'0 x 10'9LAUNDRY

SCALE :

1 FLOOR PLAN COMMUNITY BUILDING - ROMAAC36 1/8" = 1'-0"----

00 8' 16'

1,3

6

2

44

4

4

7

7

7

7

10'-

3 1/

2"

10'-

3 1/

2"

10'-

3 1/

2"

10'-

3 1/

2"

10'-

3 1/

2"





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




AR37BLG TYPE A ELEVATIONS - ROMA


BUILDING ELEVATIONS

R O M A

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

4

6 6

6

1

3 4

989

989

4 4

1

333 44 7

2

6

1

3 4

989

333 44 7

2

6

1

3 4

989

334 3

4

6 6

989

4 4

1

SCALE :

1 BUILDING TYPE A FRONT ELEVATION - ROMAAR37 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE A REAR ELEVATION - ROMAAR37 1/8" = 1'-0"----

SCALE :

4 BUILDING TYPE A SIDE ELEVATION - ROMAAR37 0.010301----

SCALE :

5 BUILDING TYPE A SIDE ELEVATION - ROMAAR37 0.009665----SCALE :

2 BUILDING TYPE A (ADA) FRONT ELEVATION - ROMAAR37 1/8" = 1'-0"----

AutoCAD SHX Text

2

AutoCAD SHX Text

2

AutoCAD SHX Text

2

AutoCAD SHX Text

1

18'-

6"

18'-

6"

18'-

6"





GIFFORDNO. 004507

STAT

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MEXICO

REGIS T E R E D

A R C HI T EC T

THOMAS




AR38BLG TYPE B ELEVATIONS - ROMA


BUILDING ELEVATIONS

R O M A

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

3 3 4

989

334 473 3

1

3 4

989

4 4734 4 4 43 3

1

2

SCALE :

1 BUILDING TYPE B FRONT ELEVATION - ROMAAR38 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE B REAR ELEVATION - ROMAAR38 1/8" = 1'-0"---- SCALE :

3 BUILDING TYPE B SIDE ELEVATION - ROMAAR38 1/8" = 1'-0"----

18'-

6"18

'-6"

18'-

6"





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




AR39BLG TYPE C ELEVATIONS - ROMA


BUILDING ELEVATIONS

R O M A

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

34 3

6

9

34 44

22

1

34 4 37 4

1

34 4 7 3

6 6

4

89

989

989

SCALE :

1 BUILDING TYPE C FRONT ELEVATION - ROMAAR39 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE C REAR ELEVATION - ROMAAR39 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE C SIDE ELEVATION - ROMAAR39 1/8" = 1'-0"----

18'-

6"

18'-

6"

18'-

6"

18'-

6"





GIFFORDNO. 004507

STAT

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MEXICO

REGIS T E R E D

A R C HI T EC T

THOMAS




AR40BLG TYPE D ELEVATIONS - ROMA


BUILDING ELEVATIONS

R O M A

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

34 3

6

34 44

2

2

2

1

2

34 3 4

4

3

3

6

1

34 4 7 3

6 6

4

2

6

1

34 3 3 4

4

989 989

989 989

SCALE :

1 BUILDING TYPE D FRONT ELEVATION - ROMAAR40 1/8" = 1'-0"----

SCALE :

2 BUILDING TYPE D REAR ELEVATION - ROMAAR40 1/8" = 1'-0"----

SCALE :

3 BUILDING TYPE SIDE ELEVATION - ROMAAR40 1/8" = 1'-0"----

SCALE :

4 BUILDING TYPED SIDE ELEVATION - ROMAAR40 1/8" = 1'-0"----





GIFFORDNO. 004507

STAT

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MEXICO

REGIS T E R E D

A R C HI T EC T

THOMAS




AC41COMMUNITY BUILDING ELEVATIONS - ROMA


BUILDING ELEVATIONS

R O M A

123456






9BUILDING SIGNAGE





clear sealed.



galvanized metal.




10UNIT SIGNAGE


11

1

9

6

98

4 4

9 8

66

1

3 34 4 4

2 BEYOND

2 BEYOND

98

66

1

3 44

2 BEYOND

3

98

6

2 BEYOND

6

1

3 34 4

SCALE :

1 COMMUNITY BUILDING EAST ELEVATION - ROMAAC41 1/8" = 1'-0"----

SCALE :

2 COMMUNITY BUILDING NORTH ELEVATION - ROMAAC41 1/8" = 1'-0"----

SCALE :

3 COMMUNITY BUILDING SOUTH ELEVATION - ROMAAC41 1/8" = 1'-0"----

SCALE :

4 COMMUNITY BUILDING WEST ELEVATION - ROMAAC41 1/8" = 1'-0"----

22'-

2 1/

2"

28'-11"

14'-

2"8'

-0 1

/2"

25'-7" 3'-5 1/2"





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




AR42UNIT R-1 FLOOR PLAN - ROMA
















WALLS



adaptability


accessibility










at all locations













levels.



EXTERIOR

LIGHT FIXTURES


UNIT PLANS


105 SF

14'3 X 10'4LIVING

9'3 x 9'5KITCHEN

RANGE

REFHWT

4'11 x 9'2BATHROOM

CLOSET

CLOSET

SCALE :

1 UNIT R-1 FLOOR PLAN - ROMAAR42 3/16" = 1'-0"----

00 5' 10'

7

4

1

7

8 6

PORTAL

PORTAL

2

6

23'-7"

8'-4"

7'-9

"

27'-

5"13'-

3"6'

-5"

15'-3"

23'-7"

13'-

3"6'

-5"

10'-6 1/2" 13'-0 1/2"

7'-9

"

27'-

5"





GIFFORDNO. 004507

STAT

E

OF

NEW

MEXICO

REGIS T E R E D

A R C HI T EC T

THOMAS




AR43UNIT R-2 FLOOR PLANS - ROMA
















WALLS



adaptability


accessibility










at all locations













levels.



EXTERIOR

LIGHT FIXTURES


UNIT PLANS

2

5

7

6

1

7'11 x 5'0BATHROOM


105 SF

9'8 x12'11BEDROOM

CLOSET

CLOSET

CLOSET

9'9 X 8'0KITCHEN

PORTAL

RANGE REF

14'4 X 13'0LIVING

4'2 x 5'0BATHROOM

FURNACEHWT

CLOSET

SCALE :

1 UNIT R-2 GROUND FLOOR PLAN - ROMAAR43 3/16" = 1'-0"---- SCALE :

2 UNIT R-2 2ND FLOOR PLAN - ROMAAR43 3/16" = 1'-0"----

00 5' 10'

3,4

2

7

7

7

CLOSET

STO6

8

23'-4"

27'-

5"

10'-

2 1/

2"13

'-0"

4'-9

1/2

"

8'-4" 15'-0"

23'-4"

28'-

0"

10'-

2 1/

2"13

'-0"

4'-9

1/2

"

23'-4"

12'-1" 11'-3"





GIFFORDNO. 004507

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REGIS T E R E D

A R C HI T EC T

THOMAS




















WALLS



adaptability


accessibility










at all locations













levels.



EXTERIOR

LIGHT FIXTURES


UNIT PLAN

2

7

6

9'1 x 9'990 SF

CLOSET

CLOSET

7'11 X 5'3BATHROOM

9'2 x 13'1BEDROOM

14'2 x 11'1LIVING

11'2 x 8'0KITCHEN

PORTAL

RANGEREF

4'2 X 5'3BATHROOM

FURNACE

STORAGE

HWT

PANTRY

CLOSET

SCALE :



00 5' 10'

7

71

3,4 6 7 7

8

1

5STORAGE

PORTAL

7


118 SF

BEDROOM

6

2

119 SF

CLO

34'-0"

27'-

6"

12'-11"16'-8" 4'-5"

4'-5

1/2

"14

'-8

1/2"

8'-4

"

28'-0"

10'-8" 12'-11" 4'-5"

11'-

5 1/

2"11

'-7"

4'-5

1/2

"

27'-

6"





GIFFORDNO. 004507

STAT

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REGIS T E R E D

A R C HI T EC T

THOMAS




















WALLS



adaptability


accessibility










at all locations













levels.



EXTERIOR

LIGHT FIXTURES


UNIT PLAN

3,4

7

CLOSET

CLOSET

5'3 x 7'5BATHROOM

11'2 x 10'8BEDROOM

9'9 X 8'9BEDROOM

MASTER

96 SF

13'5 x 10'8BEDROOM

BALCONY

18'8 x 8'7LIVING8'1 x 10'4

KITCHEN

RANGE

REF

5'3 x 8'0BATHROOM

FURNACE

STORAGE

HWT

PANTRY

PORTAL

9'9 x 10'0BEDROOM

109 SF

CLOSETPORTAL

CLOSETCLOSET

CLOSET

SCALE :



00 5' 10'

STO

142 SF

119 SF

2867

1

7

2867 7

5

THE COMMONS AT MARTINEZTOWN outline specifications 1

Albuquerque Housing Authority

OUTLINE SPECIFICATIONS

T H E C O M M O N S A T M A R T I N E Z T O W N

615 Arno Street NE

415 Fruit Ave NE

320 Roma Avenue NE

24 October 2019


TABLE OF CONTENTS DIVISION ONE GENERAL REQUIREMENTS DIVISION TWO EXISTING CONDITIONS DIVISION THREE CONCRETE DIVISION FOUR MASONRY DIVISION FIVE METALS DIVISION SIX WOOD AND PLASTICS DIVISION SEVEN THERMAL AND MOISTURE PROTECTION DIVISION EIGHT DOORS AND WINDOWS DIVISION NINE FINISHES DIVISION TEN SPECIALTIES DIVISION ELEVEN EQUIPMENT DIVISION TWELVE FURNISHINGS DIVISION TWENTY-ONE FIRE SUPPRESSION SYSTEM DIVISION TWENTY-TWO PLUMBING DIVISION TWENTY-THREE MECHANICAL DIVISION TWENTY-SIX ELECTRICAL DIVISION THIRTY-ONE EARTHWORK DIVISION THIRTY-TWO SITE IMPROVEMENTS DIVISION ONE GENERAL REQUIREMENTS 01 10 00-SUMMARY Project Identification:

INTENT: It is the intention of these specifications to outline the general scope of materials and details for the renovation of THE COMMONS AT MARTINEZTOWN, Albuquerque, New Mexico. These specifications accompany the drawings dated October 24, 2019 some of the information contained herein will be about known facts that will be incorporated into the final contract documents and some of the information contained herein will be assumptions that should be used for establishing a preliminary estimate of the cost of construction.

DESCRIPTION: The work consists of the renovation of 96 affordable housing units on three sites with two community centers.

ARNO Unit Types

(4) 1 Bedroom 1 Bath: 633 SF (HUD GROSS) 50% of Total (4) 1 Bedroom 1 Bath: 617 SF (HUD GROSS) 50% of Total

Project HUD Gross: 5,000 Per A117.1 and UFAS requirements, (1) “Type A” UFAS 1 Bedroom, 1 Bath Units for physical accessibility and (1) 1 Bedroom, 1 Bath Units Vision and Hearing accessible units will be provided.

FRUIT Unit Types

(12) 1 Bedroom 1 Bath: 610 SF (HUD GROSS) 32% of Total (4) 1 Bedroom 1 Bath: 589 SF (HUD GROSS) 11% of Total (4) 1 Bedroom 1 Bath: 601 SF (HUD GROSS) 58% of Total

Community Building 4,537



ROMA Unit Types

(14) 1 Bedroom 1 Bath: 611 SF (HUD GROSS) 28% of Total (20) 2 Bedroom 1 Bath: 990 SF (HUD GROSS) 40% of Total (13) 3 Bedroom 1.5Bath: 1,128 SF (HUD GROSS) 26% of Total (3) 4 Bedroom 2 Bath: 1,327 SF (HUD GROSS) 6% of Total

Community Building 2,016


The site Scope of the Work shall also include all infrastructure development required in support of the renovation of all units and site including but not limited to: re-paving of a l lparking spaces, concrete walkways and ADA parking landscaping and site amenities including dog parks, benches, children and young adult play areas.

GENERAL INFORMATION: The intent of this project to achieve a very high quality final product as per the

Architectural designs and plans. All work will be done in a workman like manner with the quality of craftsmanship and detail appropriate for this type of project. We anticipate exemplary detail and workmanship in all facets of the project.

SCOPE OF INFORMATION: The estimate of the construction costs should include all work, labor and materials that

will be necessary for the construction of this project from site clearing through floor and wall coverings. It is the responsibility of the General Contractor to fill in information that is reasonably inferred from the drawings that currently exist to establish the price.

GENERAL CONDITIONS: AIA Document A-201 is part of these specifications. In the event of conflicts between

these specifications and the A-201, these specifications shall take precedent.

NM LOW INCOME HOUSING TAX CREDIT: All work shall comply with all requirements of the 2019 QAP and MFA Multifamily Design Guidelines for Renovations and any other requirements.

BUILDING CODES: All work shall comply with all applicable, ordinances, rules, regulations and laws for building code officials or authorities having jurisdiction. All work necessary to comply with such requirements shall be provided by Contractor at no additional cost to the Owner.

ACCESSIBILITY: Provisions shall be made for ACCESSIBILITY for people with disabilities in conformance with the requirements of Federal and State law including the Fair Housing Act (FHA), the Americans with Disabilities Act (ADA), Uniform Federal Accessibility Standard (UFAS) and American National Standard Institute ICC/ANSI A117.1 2009. Five percent (5%) of the units will meet the provisions of a Type A “physical accessible” unit and two percent (2%) of the units shall meet the provisions of a “hearing/vision accessible” as described in the UFAS and ANSI A117.1 2009 standard. The community center, site (sidewalks, cross walks, and parking) and site amenities (play areas and commons) will meet or exceed all ADA requirements.

ADAPTABILITY: Provisions shall be made for ADAPTABILITY for people with disabilities in conformance with the requirements of Federal and State law including the Fair Housing Act (FHA) and the Americans with Disabilities Act (ADA). Fifty percent (100%) of the single story units on the Project Site should meet the provisions of either a Type B Type B accessible unit as described in the ANSI A117.1 2009 standard. An accessible route should be provided to all ground floor units (unless otherwise excepted by the FHA and ANSI standards based on site configuration – SEE Fair Housing Act Design Manual and ANSI A117.1-2003 for additional information).


“VISITABLIITY”: Shall be a standard for a minimum of 50% of all units. “Visitability”. The minimum features shall include: A. One Zero Step Entrance on a route that has no steps, steep slopes or abrupt level changes from the

driveway, sidewalk or other point of arrival. Zero steps means that there is no or a low (3/4” maximum, beveled) level change at the threshold.

B. All main floor interior passage doors, including bathrooms, should have 32” of clear passage. C. At least a half bath, preferably a full bath, shall have a minimum area of 30” by 48” beyond the swing of

the door.

OTHER TRADES: Coordinate all plumbing, mechanical and electrical divisions with other trades affecting or affected by same. Examine each section of the specification for requirements which affect the work of other sections and coordinate scheduling and installation.

SURVEYING: Include all surveys necessary for the accurate location of the project and all improvements, the

verification of existing grade, locations of streets and adjacent improvements and height of foundation walls. CLOSE-OUT MANUALS: The General Contractor (GC) shall provide a three ring binder including all warranty,

service and maintenance information to the owner upon completion. The GC shall provide a training for all fire, mechanical, alarm, and plumbing systems.

ALLOWANCES: None used at this time.

01.12 SHOP DRAWINGS: Shop drawings will be required for all of the following categories:

D. Architectural steel E. All cabinets

01.13 SUBMITTALS: Submittals are required on all building materials. 01 81 10-SUSTAINABLE DESIGN REQUIREMENTS

Section includes general requirements and procedures for compliance with BUILD GREEN NEW MEXICO prerequisites and requirements needed for Project to BGNM Silver Level and a HERs rating of less than 60

Regional materials: Materials that have been extracted, harvested or recovered as well as manufactured within 500 miles of Project site. If only a fraction of a product or material is extracted/harvested/ recovered and manufactured locally then only that percentage (by weight) shall contribute to the regional value.

Recycled content materials: Provide materials with the recycled content such that post-consumer recycled content plus one half of pre-consumer recycled content constitutes a minimum of 25 percent by weight or volume. Except where otherwise indicated, component of product must make up 90 percent of product.

Low emitting materials: Provide only products having volatile organic compound (VOC) content not greater than that required by South Coast Air Quality Management District Rule (SCAQMD) No. 1168.

Air Sealing Installation Methods: Before drywall: 1. Seal bottom plate of exterior walls with caulk or gasket; seal inside edge with caulk after walls are up. 2. Seal band joist with caulk, spray foam or gasketing between top plate and band joist and between band

joist and subfloor. 3. For bathtubs on outside walls, insulate the exterior wall and air seal behind tub with sheet goods or plastic

before tub is installed. After the drain is installed seal the tub drain penetration with sheet goods and caulk or spray foam. Note that the use of paper-faced backerboard that meets ASTM mold resistant standards is acceptable for exposed walls and behind fiberglass surrounds. It is not acceptable for use behind tile.

4. For dropped ceilings or soffits, duct and flue chases and open partition walls, use sheet goods and sealant to stop air leakage from attic into soffit and then insulate. Alternatively install framing and drywall for the soffits after installing the taped ceiling drywall.

5. Caulk the backsides of window flanges to the sheathing during installation.


6. Seal between door thresholds and subflooring with caulk. 7. Seal window and door exterior rough openings with backer rod and caulk, or use non-expanding latex-based

spray foams that will not pinch jambs or void window warranties. 8. Seal all electrical wire, plumbing and HVAC penetrations between any conditioned and unconditioned

spaces with caulk or spray foam. 9. Seal wiring and knockouts in electrical boxes with caulk. Also seal outdoor mounted boxes to the exterior

sheathing.

During drywall: 1. Seal drywall to top and bottom plates using gaskets, adhesive or caulk.

After drywall: 1. Seal electrical switch, outlet and circuit breaker boxes to drywall with caulk or foam. 2. Seal light fixture boxes, medicine cabinets and bath and kitchen ventilation fans to drywall with caulk or foam. 3. Seal all duct boots to floor or drywall with caulk, foam or mastic. 4. Seal any plumbing or electrical wire penetration through drywall with caulk or foam. 5. Seal around the metal flue of combustion equipment using a UL-approved metal collar and high- temperature

fire-rated caulk. 6. Use only UL-approved airtight, IC-rated recessed light fixtures (that meet ASTM E283

requirements); seal between fixture and drywall with caulk.

Air Seal Exterior 1. Repair any damaged pieces of sheathing. 2. Seal all exterior penetrations, such as porch light fixtures, phone, security, cable and electrical service holes

with caulk or spray foam. 3. If not using air barrier, seal all sheathing systems with manufacturer’s approved tape or caulk.

Appropriate air sealing shall be performed to ensure that each unit’s air infiltration upon completion is less than 2.0 ACH50, as determined by the final air infiltration test performed as part of the final HERS inspection.

DIVISION TWO EXISTING CONDITIONS

02 13 00-HAZARDOUS MATERIAL ABATEMENT AND CONTROL: Hazardous material abatement and control will be included as a requirement for the completion of this project. The unit interior tape and bedding and ceiling texture tested contain ACM and will be spot -abated at all new work locations. Hazardous materials removal shall be conducted as per the construction phasing and staging described as specified in the drawings. All demolition material to be disposed of at appropriate EPA approved landfill.

02 41 19-SELECTIVE DEMOLITION: Selective demolition will be included as a requirement for the completion of this

project. The sites, buildings and units will be rehabilitated with the selective demolition of portions of unit interiors- ceilings, walls, floor finishes, interior doors, cabinets, appliances, plumbing and electrical fixtures and equipment, mechanical equipment, and spot locations at interior slabs as required for the renovation. Other items include selective demolition of roofs: Arno- all unit roofs to be removed and prepared for new roofing. Fruit- two unit and the Community Building roofs to be removed and prepared for new roofing. Roma – All unit and Community Building roofs to be removed and prepared for new roofing. Any portion of any roofing as needed for new vents. Select demolition of site pathways and parking spaces, and landscape as per drawings. Existing trees will be removed as necessary. Some pathway re-working and soil relocation will occur as per plans. All demolition material to be disposed of at appropriate landfill.

DIVISION THREE CONCRETE


03 30 00-CONCRETE: Concrete will be included as a requirement for the completion of this project. The renovated

residential units and community buildings will have cast-in-place slab repairs.. All new concrete slabs/ repairs will be 4” thick 3000 psi with 6x6 1.4x1.4 WWF. The site concrete (sidewalks, ADA parking spaces and ramps) shall be 4” thick 4000 psi air-entrained. Control joints to be saw cuts 1/8” wide by ¼” deep at 400 square foot areas. New masonry yard walls to have a 16” wide and 10” thick with two #4 rebar reinforcing continuous with #4 rebar vertical hooks at 24” o.c.

DIVISION FOUR MASONRY 04 20 00-CONCRETE MASONRY UNIT SYSTEM: Unit masonry will be included as a requirement for the completion of this

project. The site yard walls will be 4” x 8” x16” integral slump block, f’m =1900, grout with (4) verticals at 24” o.c., duro-wall every other course and grout solid. All masonry bond beams to have (2) # 4 rebar continuous, grout solid at 4’0 o.c. The new yard walls are to be 6’0 or 8’0 high. Existing yard walls which are approximately 5’0 to 6’0 tall will have new block added so the finish height is 8’0.

DIVISION FIVE METALS 05 12 00-STRUCTURAL STEEL: Structural steel will be included as a requirement for the completion of this project. The

Amistad community building will have a new w-section structural beam to support existing clear story. All steel to be rust patina and finished with two coats of clear sealer.

05 75 00-ARCHITECTURAL STEEL: Architectural steel will be included as a requirement for the completion of this project..

All new hand rails will be 1 ½” dia. round stock, welded, grind smooth, prime and paint. All existing and new trash enclosures to have 3”x3”x ¼” T. steel gates with perforated metal sheathing, welded attachments. All steel to be rust patina and finished with two coats of clear sealer.

FRAMING CONNECTORS: Framing connectors will be included as a requirement for the completion of this project.

They shall be manufactured by Simpson or equal. DIVISION SIX WOOD AND PLASTICS 06 10 00-WOOD AND PLASTICS:

Wood and plastics will be included as a requirement for the completion of this project. All framing lumber to be #2 southern pine or equal or better with 19% moisture content. Minimize framing waste per LEED-H 1.1. Provide suppliers with Notice of Preference from FSC products and requests for country of manufacture for each wood product. A. All interior walls to be 2x4 framing at 16” o.c. except at plumbing and mechanical chase walls it will be 2x6

framing @16” o.c. B. All lumber in contact with slab shall be pressure treated or redwood. C. All headers over 5’0” span to be (3) 2x8 #1 or better lumber. All headers under over 5’0” span to be (2) 2x6 #1 or better lumber

06 40 23 INTERIOR ARCHITECTURAL WOODWORK: Finish carpentry will be included as a requirement for the completion

of this project. Provide suppliers with Notice of Preference for FSC products and requests for country of manufacture for each wood product. A. Pre-manufactured cabinets to have solid maple wood doors, flush panel and facing. Cabinets to be NKCA certified construction complying with ANSI 161.1 national standard with maple print interior. Pull out drawers above and swinging cabinet below with one fixed shelf. There will be one drawer stack in the kitchen. All inside corners to have lazy-susan and/or cabinet doors. Uppers to be 36” tall. B. Countertops to be ¾” particle board base, waterproofed with full surface melamine, square edge and 4” integral side and backsplashes. C. All cabinet hardware to be brushed nickel rod pulls. D. All closet, pantry and linen shelving to be wire shelves with hanger rail. E. All door and window trim to be painted formaldehyde-free MDF board.

DIVISION SEVEN THERMAL AND MOISTURE PROTECTION


07 21 00-BUILDING INSULATION: Building insulation will be included as a requirement for the completion of this project. All

insulation to be paper-faced fiberglass batt.. A level one installation is required. A. All exterior walls insulation removed or missing during demolition or renovation R-15 paper faced fiberglass batt insulation continuous. B. All common wall insulation removed or missing during demolition or renovation to be R-15 paper faced fiberglass batt insulation continuous. C. All bathroom and bedroom interior insulation removed or missing during demolition or renovation to be R-11

paper faced fiberglass batt insulation continuous. D. All roof insulation removed or missing during demolition or renovation is to be R-30 paper faced fiberglass batt insulation continuous.

07 54 23-ROOFING: Roofing will be included as a requirement for the completion of this project. All roofs to be a fully

adhered 60 mil TPO fleece backed, color white. SRI 78 minimum. All roof to slope ¼”/ft. minimum. The roof to be fully adhered on 1/4” t. Dens-board protection board. TPO trim at plumbing vents, conductors, portal drip edges and roof penetrations shall be same TPO material as existing roof. Low-albedo (white) roof. SRI 78 minimum. Roofing to have a 20 year NDL warranty.

07 62 00-SHEET METAL FLASHING AND TRIM: Sheet metal flashing and trim will be included as a requirement for the

completion of this project. All conductor and canales to be 26 gauge minimum, brake with continuous welded connections. All metal fascia or drip edges to be 26 gauge min steel, rust patina and clear seal.

07 92 13-SEALANTS AND CAULKING: Sealants and caulking will be included as a requirement for the completion of this

project. All doors and windows to have non-expansive foam sealer continuous at shim space. All doors, windows, and exterior wall penetrations shall be sealed with waterproof elastomeric caulk. All bathrooms fixtures to be sealed with white bath silicone. Low VOC.

DIVISION EIGHT DOORS AND WINDOWS 08 10 00-FLUSH DOORS: Flush doors will be included as a requirement for the completion of this project. The unit front

doors to be 1-3/4” fiberglass insulated with k.d. metal jambs. Paint. 08 20 00-INTERIOR PRE-HUNG DOORS: Interior pre-hung doors will be included as a requirement for the completion of

this project. All interior doors to be 1-3/8” solid core or hollow core paint grade with finger jointed pine jambs. The bedroom, bathroom, and laundry room doors to be solid core. The closet, storage and linen doors are to be hollow core. Prime and paint.

08 54 00-WINDOWS AND PATIO DOORS Windows and patio doors will be included as a requirement for the completion of

this project. Windows and patio doors to be vinyl Plygem or equal. Windows to be horizontal slider, casement, fixed, awning or single hung. See elevations. Patio doors to be vinyl 3’0w. thermally broken with 1” thick low-e insulated tempered glass. All windows to 1” t. insulated low-e glass. Temper as required by code. Hardware to match window or door and to include locking hardware and screen. All window patio door hardware to be by manufacturer. Color- Tan.

08 83 00-MIRRORS: Mirrors will be included as a requirement for the completion of this project. All bathrooms to have

mirrors sized to the width of the base cabinet and a height of 6’8” aff. ¼” glass, chrome j-channel base attachment. DIVISION NINE FINISHES 09 24 00-STUCCO - TWO-COAT SYSTEM: A one coat system w/ fiberglass mesh with an elastomeric color coat, will be

included as a requirement for the completion of this project. Stucco repair -clean and prime entire base stucco surface prior to color coat.. Provide fiberglass mesh in stucco base coat, continuous. Prime base coat and use elastomeric color coat. . Provide stucco control joints every 400 square feet. There will be approximately four custom stucco colors.


09 29 00-GYPSUM BOARD SYSTEMS: Gypsum board will be included as a requirement for the completion of this project. A. 5/8” type ‘x’ gyp board at all locations except for the wet locations in bathrooms and. Light orange peel finish on all surfaces. B. 5/8” Dens-board fiberglass backed (non-paper) for wet locations at all showers, tubs and behind sinks. Light orange peel finish on all surfaces.

09 30 00-TILE FINISH: Gypsum board will be included as a requirement for the completion of this project.

Community building restrooms wainscoting to be tiled with 4” x36” x ¼” ceramic tile, faux-bois wood pattern. Grout to match tile.

09 65 19-LUXURY VINYL TILE- Luxury vinyl tile will be included as a requirement for the completion of this project. A. All unit interior floors - living, kitchens, bedroom, closets, laundry room and storage. Shaw or equal. B. All community building interior floors - living, kitchens, bedroom, closets, laundry room and storage. Shaw or equal.

09 90 00-PAINTING: Painting will be included as a requirement for the completion of this project.

A. All interior walls to be primed and painted. All locations to be egg-shell finish, 2 coats. Low VOC. B. All metal handrails to be primed and painted, two coats. Low VOC. C. All exterior metal to be rusted and sealed with two coats. Low VOC.

DIVISION TEN SPECIALTIES 10 14 00-SIGNAGE: Signage will be included as a requirement for the completion of this project.

A. Each unit to have a 4” h. address signage as well as unit identification signage with raised letters and braille. Signage will be lit with LED exterior rated fixture.

B. Each building will have 12” building identification signage. Signage will be lit with LED exterior rated fixture. C. Each community building room to have room identification signage with raised letters and braille.

10 81 00-TOILET AND BATH ACCESSORIES: Toilet and bath accessories will be included as a requirement for the

completion of this project. D. All full baths to have one 18” towel bar, one 24” towel bar and one toilet paper holder- “Dorset”, Home Depot. E. All UFAS unis to have Bobrick 1-1/2” dia. x 36” grab bars, 42” grab bars and 18” vertical grab bar at toilets

and custom grab bars at all shower and tubs. F. All commercial restrooms to have Bobrick 36” grab bars, 42” grab bars and 18” vertical grab bar, semi recess

towel dispenser and trach receptacle, large roll toilet paper dispenser, toilet seat cover dispenser and liquid soap dispenser.

DIVISION ELEVEN EQUIPMENT 11 31 00-RESIDENTIAL APPLIANCES: Residential appliances will be included as a requirement for the completion of this

project. Please provide the following appliances for all units and the community building. A. Range- Electric, self-cleaning, ADA at UFAS units. Color-white B. Range hood- Energy Star rated, exhaust fan and light, vented to exterior. Color-white C. Refrigerator- Electric, ADA at UFAS units. Color-White E. Garbage disposal- Electric ½ hp at all kitchen sinks including the community building.

11 31 00-COMMERCIAL APPLIANCES: Commercial appliances will be included as a requirement for the completion of this project. Please provide the following appliances for the community building. A. Clothes washer- Electric, Energy Star rated, ADA. Color-white D. Clothes dryer- Electric, Energy Star rated, ADA. Color-white

DIVISION TWELVE FURNISHINGS 12 00 00-WINDOW COVERINGS: New furnishings will be included as a requirement for the completion of this project. All

windows will have 1” vinyl blinds. All exterior patio doors to have vertical blinds. 12 93 00- SITE FURNISHINGS: Benches will be included as a requirement for the completion of this project. Brown PVC

and galvanized steel all weather benches will be installed at all locations indicated on the floor plans.


12 93 00- CHILDRENS PLAY EQUIPMENT: Children’s play equipment will be included as a requirement for the completion

of this project. There will be three play areas -Tot (0-5 years) Kids (5-12 years), and Children’s. (12 years and older There will be age appropriate sliding, climbing, and play features. All will be all weather.

12 93 13- BICYCLE RACKS: Galvanized looped metal (5) five bike rack locations with room for eight bikes shall be installed

in each building courtyard. Post to be set in 8” dia x 24” deep Sonotube concrete sleeve, slope top of concrete. DIVISION TWENTY-ONE FIRE SUPPRESSION 21 13 00-PORTABLE FIRE EXTINGUISHERS: Portable Fire Extinguishers will be included as a requirement for the

completion of this project. There will be portable fire extinguishers in every unit kitchen and community building. 21 13 00-FIRE SPRINKLER SYSTEMS: Fire sprinkler system will be included as a requirement for the completion of this

project. Each quad-plex unit and community building will be protected by a NFPA 13R sprinkler system at all interior spaces and exterior covered portals. Each building will have a fire riser closet. It will be a fully supervised system.

28 31 00-ALARM AND DETECTION SYSTEMS: Alarm and Detection Systems will be included as a requirement for the

completion of this project. There will be an automatic and manual fire alarm and detection system installed in each unit.

DIVISION TWENTY-TWO PLUMBING 22 41 00-PLUMBING FIXTURES AND TRIM: Plumbing fixtures and trim will be included as a requirement for the completion

of this project. All plumbing fixtures must be low-flow fixtures with the following minimum specifications: 1.6 gallons per flush toilets, 2.0 gallons per minute showerheads, 1.5 gallon per minute kitchen faucets and 1.0 gallons per minute bathroom faucets. All handles and fixtures need to be ADA compliant. A. Lavatory- single compartment white porcelain faucet, faucet-lever handle brushed chrome B. Toilet- white porcelain, faucet-lever handle brushed chrome with white seat and cover. ADA compliant at all UFAS units. No seat cover and trip lever is required to be on “open” side of room in UFAS units. C. Tub- acrylic tub with composite material surround, white. ADA tub and seat at UFAS units. D. Kitchen sink- 18 gauge stainless steel with two compartments, faucet with integral spray handle- lever brushed chrome. ADA compliant at all UFAS units E. Shower pan- 30x60 acrylic with composite material surround, white. ADA compliant roll in shower at UFAS units. F. Mop sink- provide 30x30 a single compartment mop sink with a faucet capable of supporting a mop bucked with FRP surround. Community building only.

22 07 16 – Piping Insulation: Provide polyethylene foam pipe insulation for all piping outside the conditioned envelope.

Insulate hot and cold water pipe runs within the conditioned envelope.

22 33 00 – Residential Electric Domestic Water Heaters: Provide natural gas water heaters, AFUE 90% minimum at each unit and community building. Provide a pan and drain line at each hot water heater.

DIVISION TWENTY-THREE MECHANICAL 23 81 26-GENERAL MECHANICAL REQUIREMENTS: Mechanical will be included as a requirement for the completion of

this project. All ventilation ductwork must be air sealed and located within the building’s thermal envelope. All bathroom and laundry exhaust fans, range hoods, and dryer vents must vent directly to the outdoors. A. Provide natural gas furnace. High efficiency, SEER 18 or better. B. Electrical exhaust fans at all bathrooms. Panasonic Whispergreen or equal. C. Provide natural gas for each water heater and each laundry room dryer location. Provide evidence that the water heaters’ energy factor (EF) equate to or exceed the NMBG Silver Level D. Confirm function and operation of all rooftop evaporative coolers

DIVISION TWENTY-SIX ELECTRICAL


26 50 00-LIGHTING: Electrical will be included as a requirement for the completion of this project. All rooms shall have

permanent fixed lighting. A. Electronic meter set for each unit, community building and an additional house panel. B. White semi-recessed “can” LED light fixtures at all locations C. Include doorbell and chime at each residential unit

26 52 00-EXTERIOR LIGHTING: Electrical exterior and path and building and monument sign lighting will be included as a requirement for the completion of this project. All new site lighting will be LED

DIVISION THIRTY-ONE EARTHWORK 31 10 00-SITE CLEARING: Site clearing will be included as a requirement for the completion of this project. Clear all debris,

plant life and organic material. An erosion and sediment control plan shall be implemented prior to construction. Storm drains and neighboring properties shall be protected from site run-off. Stockpile and topsoil shall be protected.

31 00 00-EARTHWORK, BACKFILLING, COMPACTION FOR STRUCTURE: All excavation and grading will be included as

required for the completion of this project. No more disturbance will be made to the site that what is necessary for proper excavation of this project. All soils shall be compacted per the future Geotechnical Report. All drainage swales and site ponding will be included. All finish grades shall slope away from the structure ¼” / ft. minimum.

DIVISION THIRTY-TWO SITE IMPROVEMENTS

32 84 00-LANDSCAPING: Landscaping will be included as a requirement for the completion of this project.

Arno

New native seed areas, 3” deep gravel mulch with water permeable weed barrier and turf grass areas.

New xeric trees and bushes and perennials

Fruit

All buildings will have xeric landscape at unit front yards, ¾” Santa Fe brown gravel ground cover with permeable weed barrier and side yards and rear yards to have native grasses.

Roma

New native seed areas, 3” deep gravel mulch with water permeable weed barrier and turf grass areas.

New xeric trees and bushes and perennials

The all sites will have xeric landscaping with automatic timer drip irrigation

. Plantings- All trees, shrubs, bushes, and perennials to be installed as per plan. All native seed areas to be a mixture of Blue Gramma, Buffalos and Rye Grasses.. A. Irrigation- The irrigation hot box and valve boxes should be underground. Drip irrigation system to be installed

at all new plantings in all yards, courtyards and play areas. The irrigation system is to have a multi-zone programmable electronic timer with a rain water sensor. It is to be zoned for specific area irrigation.

B. Ground cover-Ground cover to be 2-1/2” crusher fines, Santa Fe Brown, or 3/4” and 1/8” Santa Fe brown gravel over a water permeable weed barrier. Ground cover at planter areas to be 3” pecan shells over a water permeable weed barrier. Edging to be 6” x 16 gauge steel edging, with steel stakes at 3’0” o.c. All drainage swales, overflows and ponds to be lined with 2-3” square stone cobble.

C. Paving-Paving will be included as a requirement for the completion of this project. Asphalt top coat paving and patching

D. Play area mulch- Tot and Children’s play areas to have 4” of rubber mulch over a permeable wee barrier. E. Earthworks- Architecturally specified ‘earthworks’ construction of swales and berms of earth, rock mounds,

rock monuments (sundial and totem), mixed material labyrinth and other features will follow Architectural drawings as specified.


END

Documents

The Commons at Martineztown...located is within a ½ mile walk distance of: 1) Starbucks, 2) Carls Jr., 3) Empire Church, 4) Jackson Wink Gym (includes restaurants), 5) Bank of the