Mississippi Association of Affordable Housing Providers
Transcription
Mississippi Association of Affordable Housing Providers
2ND QUARTER NEWLETTER APRIL – JUNE 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS WWW.MAAHP.MS LETTER FROM THE EDITOR – Wendy Thompson WELCOME NEW MEMBERS Clifton Phillips Roundstone Development, LLC Ford Gibson Gibson Consulting, LLC Michael Cory Danks, Miller & Cory C. Kent Haney C. Kent Haney, P.A. Pat Harmon Fortenberry & Ballard, PC John F. Schmidt, III North Delta Regional Housing Auth. Dan Winters Alliant Asset Management Heather Wheeler First Housing Dev. Corp. of Florida Parker Ginn Jeffcoat Fence Company, Inc. Michael Wessels GE Appliances PLEASE JOIN US FOR OUR FIRST ANNUAL CONFERENCE AUGUST 23 – 24 HATTIESBURG, MS More details on page 4. I am honored to be writing my first column as the new editor of the MAAHP Newsletter. Since our last newsletter, our organization has added 10 members and has taken on a number of important initiatives, including planning our first annual conference. If you have recently joined our group, welcome aboard. We are so happy to have you. While the last 18 to 24 months have been trying for our industry, the outlook continues to improve. Credit prices are up, new investors have entered (or re-entered) the market, and more deals are penciling out. But of course, challenges remain ahead, as Anita Anand's article on page 2 reflects. But, I was reminded by a recent article in the Clarion Ledger of just how important our work and, by extension, our organization is for low-income Mississippians. The June 2 article, citing a report from the National Low Income Housing Coalition, addressed the gap between the amount of rent low-income workers can afford and what they can find. According to the report, the "housing wage" in Mississippi, the hourly amount a worker must earn to afford fair-market rent for a two-bedroom home or apartment, is $13.22 while the mean hourly wage for a Mississippi renter is only $9.77. These numbers tell us what we already know: many low-income workers in Mississippi cannot afford to pay fair-market rent. Two other points made in the article caught my attention. First, also according to the NLIHC report, in Hinds County, in order for a minimum-wage earner to afford fair-market rent for a two-bedroom house, she would have to work 81 hours per week. Second, the demand for rental housing has increased over the past several years. According to the report, almost 3 million households have become renters over the last four years and another 3 million are expected by 2015. As demand for rental property increases, prices will likely increase as well, making rental property even less affordable for our working poor. These economic disparities make our work in this industry and in this organization more important than ever. They occur at a time when the recovery seems to be sputtering, jobs remain hard to come by, and governmental actors at all levels tighten their belts and seek additional reductions in existing programs. So, let's all renew our commitment to our important work of providing decent, affordable housing to working Mississippians. Please join us for our upcoming conference, preliminary details of which you will find in this newsletter, where we will explore the issues we face as we strive to do just that. Wendy Keith Thompson is of counsel in the Jackson, Mississippi office of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC. INSIDE THIS ISSUE: _____________________________ ▪ ▪ ▪ ▪ ▪ Letter From the Editor Budget Cuts: Future of Affordable Housing Changes to Mississippi LLC Act MAAHP Convention Member Directory MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP MISSION STATEMENT Volume 1, Issue 2 To promote and provide well planned, well constructed and professionally managed Affordable Housing where residents and staff reside in a safe, secure, family oriented environment nested in a community setting which meets the housing goals established by community leaders and its citizens. 1 2ND QUARTER NEWSLETTER OFFICERS: APRIL – JUNE 2011 BUDGET CUTS: WHAT DOES THE FUTURE HOLD FOR AFFORDABLE HOUSING? Louis Jurney, President New Horizons Development Chris Hughes, Vice President Hughes Construction Rodney Dudley, Secretary INTERVEST Development Corporation Mark Willson, Treasurer Park Development Roscoe Word Jr., Immediate Past President Trash Maintenance Services, LLC Jason Spellings, Past President The Wishcamper Companies, Inc. As the affordable housing industry was still rebounding from the effects of our challenging economic times, no one knew that what lied ahead would be another potential hit to the industry at large – budget cuts. BOARD OF DIRECTORS: These budget cuts are being accomplished by reducing funding for certain programs, completely eliminating other programs, and implementing an across-the-board 0.2 percent reduction in discretionary programs. Amy Blocker, CPA Reznick Group Bernard Bridges Trustmark National Bank Brian Coffee Regions Bank Phil Eide Enterprise Corporation of the Delta Jeffrey Gooden Gooden Agency, Southland Management Sheila Jackson Jackson Housing Authority Helmon Johnson Pearl River Valley Opportunity, Inc. Jerry Johnson Baker, Donelson, Bearman, Caldwell & Berkowitz, PC J.P. Lawrence Mississippi Regional Housing Authority No. VIII Mackey Moore First Tennessee Bank Michael Ramires The Richman Group Affordable Housing Corp. Chip Peterson CMS Management By: Anita Anand, Esq. On April 15, 2011, President Obama signed H.R. 1473, the Department of Defense and Full-Year Continuing Appropriations Act, 2011 including cuts totaling approximately $38 billion and over $2 billion in cuts to various U.S. Department of Housing and Urban Development programs, almost 6.5% below 2010 funding levels. So what does this mean? This means that programs designed to support and help low income families achieve homeownership and affordable housing will have less financial support than before. Of course, funding is critical in these programs accomplishing its goals. With current foreclosure and overall unemployment rates, the demand for affordable housing has only been increasing. Not only do these budget cuts not help address this increased demand, but actually worsen the problem. The U.S. Department of Housing and Urban Development is expected to begin implementing these cuts shortly, which means that what opportunities used to once exist for low income families may either no longer be there to take advantage of or limited. Making the future more bleak are the anticipated cuts in next year’s budget to help further reduce the federal deficit. As the need for affordable housing increases, it appears that the funding will not be able to match that need. Trade organizations have been encouraging their members to reach out to elected officials in hopes of not only helping them understand the severity of this issue and the negative impacts these budget cuts will have on affordable housing across the country, but also address the concern. So, coming back to the main question – what does the future hold for affordable housing? Of course only time will tell, but clearly, the industry has a fair number of challenges ahead. Anita Anand is a licensed attorney and senior associate with Reznick Group. MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS 2 2ND QUARTER NEWSLETTER APRIL – JUNE 2011 CHANGES TO THE MISSISSIPPI LIMITED LIABILITY COMPANY ACT By Sarah O’Neal, ACP DO BUSINESS WITH A MEMBER See our Member Directory beginning on page 5 where members are listed in the following categories: ■ Accounting ■ Architecture ■ Banking and Financial Services ■ Credit and Criminal Background ■ Developers ■ Developers/Property Management ■ Economic Development ■ Engineering On April 16, 2010, Mississippi’s Governor, Haley Barbour, signed the Revised Mississippi Limited Liability Company Act (the “Act”), which becomes effective after January 1, 2011. The Act repeals and replaces certain sections of Title 79, Chapter 29 of the Mississippi Code of 1972, as revised, which affect limited liability companies ("LLCs") and their ability to operate in the State of Mississippi. The most significant provisions created by the Act are those regarding domestic and foreign limited liability companies, which will require LLCs to file annual reports. These annual reports must contain the following information: company name; jurisdiction (domestic or foreign); name and physical address of registered agent in Mississippi; address of principal office; name and address of business manager(s), or at least one member if member-managed; names and addresses of its principal officers, if any; a statement as to whether the LLC has a written operating agreement; and a brief description of the nature of the business of the LLC. In addition, the Act sets the filing fees for these annual reports at $0.00 for domestic LLCs and $250 for foreign LLCs. The Act provides for the early adoption of and subjugation to the Act by existing LLCs in the following ways: ■ General Contractors ■ Housing Agencies ■ Insurance ■ Insurance/Surety Bonds ■ Legal Domestic LLCs “(a) Adopting this chapter by complying with the procedures for approval by filing an amendment to its certificate of formation for a fee of $50.00; (b) Amending any noncomplying organizational documents to comply and if any of its organizational documents, including its certificate of formation, do not comply it shall amend the noncomplying organizational documents to include filing a certificate of amendment; and ■ Market Analyst ■ Material Suppliers ■ Municipal Government ■ Property Management ■ Property Tax Consultants ■ Sub Contractors (c) Filing a statement that the domestic limited liability company is electing to adopt this chapter.” Foreign LLCs ■ Syndicators and Equity Investors “(a) A statement that the foreign limited liability company is electing to adopt this chapter; and ■ Utility Submetering & Water Conservation (b) An amendment to its registration of foreign limited liability company that would cause its certificate of registration for a fee of $50.00.” The Act also defines actions which will be taken by the Secretary of State if LLCs fail to comply with the new provisions. There are procedures for administrative dissolution of both domestic and foreign LLCs, procedures reinstatement following administrative dissolution, the appeal process for denial of reinstatement, and the effect of dissolution, (continued on page 4) Mississippi Association Of Affordable Housing Providers 3 2ND QUARTER NEWLETTER APRIL – JUNE 2011 (continued from page 3) along with fees for reinstatement following dissolution. This will help clear the State rolls of LLCs that are no longer in business that did not file a Certificate of Dissolution or a Certificate of Withdrawal. In addition, the Act defines the general standards of conduct of a LLC manager, officer, or member of a member-managed LLC. These standards of conduct can be expanded or restricted by the LLC’s written operating agreement. The Act alters or eliminates the fiduciary duty of managers and/or members as follows: “If not manifestly unreasonable, prescribe the standards by which to measure the performance of the implied contractual covenant of good faith and fair dealing under Section 79-29-123(3)(g).” The Act now prohibits the Secretary of State from issuing a Certificate of Existence after the effective date of a Certificate of Dissolution. If you work with limited liability companies, you will need to review the revisions to the Act at this website http://billstatus.ls.state.ms.us/2010/pdf/history/HB/HB0683.xml. Sara O'Neal is the Immediate Past President of the Mississippi Paralegal Association and is employed at the firm of Young Williams PA. She holds the designation of Advanced Certified Paralegal. PLEASE TAKE NOTE: The Mississippi Secretary of State has extended a one-time grace period for LLCs to file their mandatory annual report (due April 15) without penalty. All LLCs which have not filed their annual reports by December 1, 2011 will be dissolved. To file an annual report for an LLC, go to the Secretary of State's website at www.sos.ms.gov and click on the Annual Report link on the first page of the website. SAVE THE DATE! The Mississippi Association of Affordable Housing Providers will be taking part in a collaborative conference called Building Tomorrow’s Houses Today on August 23 and 24th in Hattiesburg. The aim of the conference is to educate employees of local units of government, developers and housing agencies, and to provide a venue for networking among housing professionals. The conference will offer five concurrent tracts: 1. Green and Sustainable Construction 2. Disaster Preparedness 3. Affordable Housing 4. Financing 5. Special Needs Confirmed speakers include: Michelle Whetten of Enterprise Community Partners, Scarlett Duplechain of The Comptroller of the Currency, Bruce Hatton of Federal Home Loan Bank, Tessie Smith of the Mississippi Department of Mental Health, Paul Musick of Yates Construction, Darnella Smith Murray of USDA, Roy Decker of Duvall Decker Architects, Sheila Jackson of the Jackson Housing Authority, Paula Carruth of Jackson HUD, Bryan Shumway of The Wishcamper Companies, Inc., and Tony Hebert of FEMA. Early sponsors include Bankplus, Regions and Enterprise Community Partners. Sponsorship opportunities are still available by contacting Phil Eide at PEide@hope-ec.org. Registration is currently available by contacting Training and Development Associates at 410-547-1825. A website will be up in the near future. A web address will be forwarded to our members as soon as it is available. Please send any suggestions for content, as well as comments or corrections to: Wendy Keith Thompson, Editor Baker Donelson Bearman Caldwell & Berkowitz, PC wthompson@bakerdonelson.com Phone: (601) 969-4640 Fax: (601) 714-9940 4 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members ACCOUNTING Amy Blocker Reznick Group Atlanta, GA 30319 404-847-6708 404-847-7609 amy.blocker@reznickgroup.com Roy & Anne Decker Duvall Decker Architects, P. A. Jackson, MS 39216 601-713-1128 601-713-1168 rtd@duvalldecker.com Brad Elphick Novogradac & Company LLP Alpharetta, GA 30009 678-867-2333 678-867-2366 brad.elphick@novoco.com G. G. Ferguson Ferguson & Associates Architects Madison, MS 39110 601-607-7933 601-607-7936 ggf@ferguson-architects.com Pat Harmon Fortenberry & Ballard, PC Brandon, MS 39047 601-992-5292 601-992-2033 pat@fortcpa.com Richard Grantier, II Grantier Architecture & Interiors PA Jackson, MS 39236 601-957-3530 601-957-3577 bgrantier@grantierarchitecture.com J. Poole GranthamPoole CPAS Ridgeland, MS 39157 601-499-2400 601-499-2401 jpoole@granthampoole.com Bruce Herrington Herrington Architects, PC Birmingham, AL 35233 205-326-1131 205-326-1164 bruce@herringtonarchitects.com Bob T. Robinson Bob T. Robinson, CPA Jackson, MS 39216 601-982-3875 601-982-3876 bob@bobtrobinson.com Jimmy Hudspeth Jimmy Hudspeth Architect Heber Springs, AR 72543 501-362-0700 501-362-0719 jimmyhudspeth@aol.com ARCHITECTURE BANKING AND FINANCIAL SERVICES Art Cook Arthur L Cook AIA, Architect Kosciusko, MS 39090 662-289-3461 662-289-3467 kosyarch@bellsouth.net Phillip N. Baldwin Southern Bancorp Arkadelphia, AR 71923 870-246-3945 870-246-2182 pbaldwin@banksouthern.com 5 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Bernard Bridges Trustmark National Bank Jackson, MS 39205 601-208-6504 601-208-6823 bbridges@trustmark.com John Robertson Deutsche Bank National Trust Company Olive Branch, MS 38654 662-890-0109 662-890-0114 john.robertson@db.com William Callihan Capital One Bank New Orleans, LA 70170 504-533-2489 william.callihan@capitalonebank.com Will Smithhart Community Bank of MS Brandon, MS 39042 601-825-4323 will.smithhart@communitybank.net Brian Coffee Regions Bank Birmingham, AL 35203 205-264-5613 brian.coffee@regions.com Jason Spellings The Wishcamper Companies, Inc. Jackson, MS 39216 769-251-0918 jspellings@wishcamper.com Sandy B. Collins Bank First Flowood, MS 39232 601-992-8510 601-992-6418 scollins@bankfirstfs.com Alan Walters First Commercial Bank Jackson, MS 39211 601-709-2371 601-366-8733 awalters@firstcommercialbk.com Philip Eide Enterprise Corporation of the Delta Jackson, MS 39202 601-944-4148 601-944-0808 peide@ecd.org Amit Goel Goel Investments, LLC Houston, TX 77098 601-291-3894 goel.investments@gmail.com Mackey Moore First Tennessee Bank Southaven, MS 38672 662-349-7223 901-486-0640 smmoore@firsttennessee.com/srbrimm@ftb.com CREDIT AND CRIMINAL BACKGROUNDS Adam Ripmaster Core Logic Safe Rent Nashville, TN 37203 615-595-7337 aripmaster@saferent.com DEVELOPERS Cliff Bates TCCM Development, LLC Madison, MS 39110 601-321-7655 601-321-7694 cliff@parkdev.com 6 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Jim Bergman Bettendorf, IA 52722 563-505-5611 jbergman@valleyb.com Clarence W. Chapman Chartre Consulting, Ltd. Oxford, MS 38655 662-236-5080 xt. 116 662-236-5089 cwc@chartre.com Clarence W. "Duke" Chapman, Jr. Chartre Consulting, Ltd. Oxford, MS 38655 662-236-5080 xt. 107 662-236-5089 mre@chartre.com Rick J Deyoe Realtex Development Corporation Austin, TX 78746 512-306-9206 512-306-9010 rdeyoe@realtexdevelopment.com Rodney Dudley Intervest Development Madison, MS 39130-2118 601-709-6000 rodney_dudley@intervestcorp.net Jeffrey Gooden United Mgmt. & Development Inc. Clarksdale, MS 38614 662-624-5200 662-624-4455 jgooden668@aol.com Kay Guy LHA Enterprise Development, LLC Laurel, MS 39440 601-425-4651 601-425-7977 laurel@c-gate.net Larry Haynes Mid-America Development Foundation Clarksdale, MS 38614 662-902-4409 662-621-1168 lhaynes@mail.org Pete Johnson Providence Development Group LLC Clarksdale, MS 38614 662-627-7717 662-627-7718 pjohnson@provdevgrp.com Louis Jurney New Horizons Development Inc. Pearl, MS 39208 601-932-1674 601-932-4926 louis@newhorizongroup.com Kathy Laborde Gulf Coast Housing Partnership New Orleans, LA 70113 504-525-2505 504-525-2599 laborde@gchp.net Dale Lancaster Arrington Developers, LLC Madison, MS 39130 601-672-6285 601-707-5661 dlanca1010@aol.com Mary Jo Morgan J & A Inc. Corinth, MS 38835 662-287-6158 662-287-2609 jam_maryjo@yahoo.com Herbert J. "Chip" Peterson, III CMS Management Group Corinth, MS 38835 662-287-5044 662-287-2686 chip_peterson@bellsouth.net 7 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Clifton Phillips Roundstone Development, LLC Dallas, TX 75234 972-243-4205 972-243-4267 cep@rstdev.com John Greer, Jr. Mid Delta Community Development Itta Bena, MS 38941 662-254-9957 662-254-9941 jgreerjr@mdeza.org Rodney Triplett, Jr Park Development Madison, MS 39110 601-321-7655 601-321-7694 Kim LaRosa Gulf Coast Renaissance Corp. Gulfport, MS 39503 228-896-3386 228-896-3326 klarosa@msgcrc.com Mark Willson TCCM Development, LLC Madison, MS 39110 601-321-7655 601-321-7694 mwillson@theparkcompanies.com Maegan Mitchell Centerpointe Regional Housing Development LLC Jackson, MS 39206 601-376-9832 maegan@crhdllc.com DEVELOPERS/PROPERTY MANAGEMENT ENGINEERING James Freeman Standard Enterprises, Inc. Monroe, LA 71201 318-387-2662 318-322-1945 jamesf@standardenterprises.com Edward Springer Springer Engineering, Inc. Starkville, MS 39759 662-323-2296 662-323-2297 springerms@bellsouth.net ECONOMIC DEVELOPMENT GENERAL CONTRACTORS Linda M. Balducci Southeastern Development Opportunities, Inc. Shelby, MS 38774 662-398-7090 662-398-7755 cityshelby@bellsouth.net Chis Collins Roy Collins Construction Co. Inc. Cleveland, MS 38732 662-843-5060 662-846-7450 ccollins@roycollins.com Mary Elizabeth Evans Midtown Partners, Inc. Jackson, MS 39202 601-354-5373 601-354-5643 maryelizabethevans@midtownpartners.org James Dunn Tunica County Tunica, MS 38676 662-363-1304 662-357-9007 jamesedunn@gmi.net 8 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Chris Hughes Hughes Construction Company, Inc. Louisville, MS 39339 662-773-3172 chrishhughes@att.net Sidney B. Levine Levine & Poor, Inc. Memphis, TN 38117 901-683-6885 901-683-1740 Jerry McBride M & R Builders LLC Southaven, MS 38672 901-282-6067 662-510-0509 jmcbride16@comcast.net Thomas Miller Millcorp, Inc. Jackson, MS 39236 601-991-1101 service@windriverofficepark.com Vince Speegle Speegle Construction Florence, MS 39073 601-927-8642 601-845-4662 vincespeegle@yahoo.com Bruce Taylor Patton & Taylor Construction Co. Germantown, TN 38183 901-754-2211 901-754-5870 brucebct@bellsouth.net J H Thames, Jr Unicorp Madison, MS 39110 601-321-7655 601-321-7694 jthames2@theparkcompanies.com Roscoe Ward Century Construction Co LLC Ridgeland, MS 39157 601-672-1035 jw@mdps.state.ms.us HOUSING AGENCIES Stanford H. Beasley Housing Authority of the City of Canton Canton, MS 39046 601-859-4032 601-859-5217 sbeasley@cantonhousing.org Helmon Johnson Pearl River Valley Opportunity, Inc. Columbia, MS 39429 601-736-9564 601-736-6268 hjohnson@prvoinc.org Institute for Disability Studies University of Southern Mississippi Hattiesburg, MS 39406 601-266-5163 601-266-5114 cassie.hicks@usm.edu Sheila Jackson Jackson Housing Authority Jackson, MS 39213 601-362-0885 xt 129 601-982-4733 sjackson@jacksonhousing.org J. P. Lawrence Mississippi Regional Housing Authority VIII Gulfport, MS 39505 228-831-2992 228-831-5575 jplawrence@mcha8.org 9 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members George Miles Mid South Delta LISC Greenville, MS 38701 662-335-3318 662-335-3884 gmiles@lisc.org Trey Nelson CRC Insurance Services, Inc. Birmingham, AL 35209 205-414-2291 866-300-9690 tnelson@crcins.com Betty Reed Yazoo City Housing Authority Yazoo City, MS 39194 662-746-2226 662-746-2230 ycha@bellsouth.net Rev. Sammie Rash United Family Life, L. P. Cleveland, MS 38732 662-843-5088 662-843-5089 uflcrash@yahoo.com John F. Schmidt, III North Delta Regional Housing Authority Clarksdale, MS 38614 662-627-9627 662-627-3142 johnfschmidtiii@hotmail.com Scott Spivey Mississippi Home Corporation Jackson, MS 39225 scott.spivey@mshc.com INSURANCE/SURETY BONDS Brent Tyler Bottrell Insurance Jackson, MS 39215 601-960-7442 601-208-3002 btyler@bottrell.com LEGAL Heather Wheeler First Housing Development Corp. of Florida Tampa, FL 33606 813-283-1030 813-283-1055 hwheeler@firsthousingfl.com INSURANCE Michael Bracken Regions Insurance Inc Ridgeland, MS 39157 601-790-8534 mike.bracken@regions.com Tony Brunini Ross & Yerger Jackson, MS 39215 601-944-9709 601-914-9331 tbrunini@rossandyerger.com Ken Adcock Adcock & Morrison, PLLC Ridgeland, MS 39158 601-898-9887 601-898-9860 kadcock@adcockandmorrison.com Balch & Bingham LLP Jackson, MS 39201 601-961-9900 601-4466 tford@balch.com/cwaddell@balch.com/mmclaughlin @balch.com/tellis@balch.com Michael Cory Danks, Miller & Cory Jackson, MS 39125 601-957-3101 601-957-3160 mc@dmc-law.net 10 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Jerome C. Hafter Phelps Dunbar Jackson, MS 39236 601-360-9347 601-360-9777 hafterj@phelps.com C. Kent Haney, P. A. C. Kent Haney, P. A. Clarksdale, MS 38614 662-627-5501 662-627-5502 kenthaney@bellsouth.net Wilton J. Johnson, III Wendy Keith Thompson Baker Donelson Bearman Caldwell & Berowitz, PC Jackson, MS 39211 601-969-4662 601-714-9962 jjohnson@bakerdonelson.com wthompton@bakerdonelson.com A. Kelton Longwell Coats Rose New Orleans, LA 70130 504-299-3075 504-299-3071 klongwell@coatsrose.com Jason Poulson Watkins & Eager PLLC Jackson, MS 39201 601-965-1805 601-965-1812 jpoulson@watkinseager.com Walter Weems Brunini Law Firm Jackson, MS 39205 601-948-3101 601-960-6902 wweems@brunini.com MARKET ANALYST Ford Gibson Gibson Consulting LLC Shreveport, LA 71105 318-524-0177 318-524-0214 ford@fgibsonconsulting.com MATERIAL SUPPLIERS Buster Bailey H. C. Bailey Company Ridgeland, MS 39157 601-853-8080 Walter Bennett Bennett's Do-It Center Louisville, MS 39339 662-773-9005 662-773-7761 re100@bellsouth.net Steve Braun Bailey Lumber & Supply Co. Gulfport, MS 39507 228-897-4916 228-896-6036 stevebraun@baileylumber.com Cliff Darby R. G. Darby Company Florence, AL 35630 256-767-4680 256-760-9656 cliff.darby@atrium.com Marty Davidson Southern Pipe Meridian, MS 39303 601-485-0079 marty@southernpipe.com 11 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Dewayne Eady Sherwin Williams Company Jackson, MS 39209 601-714-4162 601-714-4164 swrep4227@sherwin.com Ray Sweat Clearspan Components, Inc. Meridian, MS 39307 601-483-3941 601-693-7493 rays@clearspaninc.com Dennis Eure H & E Piping Inc. Forest, MS 39074 601-625-0001 601-625-0001 hepiping@bellsouth.net Turner Wakefield 84 Lumber Richland, MS 39218 601-932-0284 601-932-9384 pc@1802.84lumber.com Mark J. Forsman Yarbrough Wood Products Noxapater, MS 39346 662-724-2629 662-724-2111 Michael Wessels GE Appliances Baton Rouge, LA 70810 225-766-8498 866-978-1376 michael.j.wessels@ge.com Bill Goodman Gulfeagle Supply Ridgeland, MS 39157 601-956-4662 601-956-4933 bgoodman@gulfeaglesupply.com Brad Lott Delta Industries, Inc. Jackson, MS 29213 601-354-3801 601-985-3240 blott@delta-ind.com Ronald Mahan Mahan Siding LLC Osceola, AR 72370 870-563-4553 870-622-0137 patdeatherage@sheglobal.net Eugene A. Neal Superior Building Products Canton, GA 30115 770-345-4834 770-345-4837 gene@superiorbuilding.net MUNICIPAL GOVERNMENT Billy Nowell City of Cleveland Cleveland, MS 38732 662-846-1861 662-843-8029 billynowell@cableone.net George A Schloegel City of Gulfport Gulfport, MS 39501 228-868-5801 mayor@gulfport-ms.gov PROPERTY MANAGEMENT John Chapman Chartre Consulting, Ltd. Oxford, MS 38655 662-236-5080 xt. 112 662-236-5089 ccc@chartre.com 12 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Ray Chapman Sentry Asset Management Oxford, MS 38655 662-236-1080 662-796-3079 rbc@chartre.com Michael Doran Southeastern Management Co., Inc. Glen, MS 38846 662-286-8713 662-286-3021 mdoransem@bellsouth.net Harold Foley VOB Development LLC Alpharetta, GA 30022 404-889-3625 770-552-5909 harold@vobdevelopment.com Herb Ivison Southern Management Group Jackson, MS 39236 601-982-4300 601-982-5860 herbsmg@comcast.net / marguesmg@comcast.net Tim Palmieri Ambling Property Investments Atlanta, GA 30328 678-320-3871 678-320-3789 tpalmieri@ambling.com Lisa Pittman New Horizons Management Pearl, MS 39208 601-932-1674 601-932-4926 lisa@nhgms.com Tom Riddell, III RCT, LLC Canton, MS 39046 601-859-9021 601-859-9826 triddell3@bellsouth.net Dan Winters Alliant Asset Management Tampa, FL 33609 727-244-2440 818-356-4458 daniel.winters@alliantcapital.com PROPERTY TAX CONSULTANTS William Ward Property Tax Associates, Inc. Ridgeland, MS 39110 601-206-1433 601-206-1435 william@ptainc.net SUB-CONTRACTORS Bernard Bagley Phoenix Development Corp. Centreville, MS 39631 601-941-0783 601-645-5818 dbbagley4@att.net Mike Courtney Courtney Farms, LLC Ocean Springs, MS 39564 228-875-4148 228-875-4087 office@courtneyfarmsllc.com Kyle Dossett Dossett Enterprises LLC Carriere, MS 39426 601-365-9962 ar4branch@bellsouth.net 13 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Parker Ginn Jefcoat Fence Company, Inc. Pearl, MS 39208 601-969-2230 601-936-0635 parker@jefcoatfence.com Jim McKay Jim McKay Drywall Brandon, MS 39042 601-825-5611 601-825-9388 jimmckay@att.net Rebecca Moak Regional Drywall, Inc. Ridgeland, MS 39158 601-879-9556 601-879-9559 becky@regionaldrywall.com Billy Pape Billy Pape Plumbing Raymond, MS 39154 601-857-2105 601-857-2107 bppi@comcast.net Teresa Provias LCS, Inc. Aberdeen, MS 39730 662-369-6586 662-369-6850 lcsinc@bellsouth.net Terry Reeves Climate Masters Inc Pearl, MS 39288 601-939-9090 601-932-5528 terry@climatemastersms.com James L. (Burr) Warner Warner Construction Co of MS, LLC Louisville, MS 39339 662-773-2337 662-773-8644 burrwarner@bellsouth.net John Varadi J V Systems, Inc. Como, MS 38619 662-526-1213 662-526-1699 jvvaradi@aol.com SYNDICATORS AND EQUITY INVESTORS Hunter Botts National Equity Fund, Inc Baton Rouge, LA 70817 225-751-6945 225-755-0315 hbotts@nefinc.org Joshua Levy Centerline Capital Group New York, NY 10022 212-521-6319 212-751-3543 jlevy@centerline.com Benjamin D. Mottola Stratford Capital Group, LLC Peabody, MA 01960 978-535-5600 978-535-1141 mbm@stratfordcapitalgroup.com Michael Ramires The Richman Group Affordable Housing Group Clifton, VA 20124 703-349-2480 703-659-1055 ramiresm@richmancapital.com David Salzman Richman Real Estate Investments Greenwich, CT 6831 203-869-0900 salzmand@richmancapital.com 14 2nd Quarter Newsletter April – June 2011 MISSISSIPPI ASSOCIATION OF AFFORDABLE HOUSING PROVIDERS MAAHP Members Jay Segel Stratford Capital Group, LLC Peabody, MA 01960 978-535-5600 x18 978-535-1141 jrs@stratfordcapitalgroup.com Michelle Whetten Enterprise Community Partners New Orleans, LA 70125 504-335-2309 504-821-7248 mwhetten@enterprisecommunity.org UTILITY SUBMETERING AND WATER CONSERVATION Arthur Blankenship Argen Billing & Conservation Conyers, GA 30094 678-413-4082 770-760-8644 arthur@argeninc.com 15 2nd Quarter Newsletter April – June 2011