AHF Community Services Update

September 2022

In Fort Worth, Texas, over 160 residents call Palm House Senior Apartments their home. Community Engagement Associate Miriam Estrada works to cultivate friendships among them and build a close-knit community. Miriam hosts daily activities for the residents, such as karaoke, bingo, crafting, painting, and creating holiday decorations...and of course no gathering is complete without a few snacks! Miriam also bring helpful resources on-site. She said, "We have different health facilities that come out and provide information to the residents and help them out with their medical insurance. Residents are very happy that they are able to join the activities. After the covid pandemic residents feel relief that they are able to be out of their apartment more often."

This is a new role for Miriam, and her enthusiasm for serving the Palm House residents is inspiring. She encourages them to create new things and recognize their talents. "I really like my job -- helping people is my passion. Every time I see the joy on their faces that's what pays off my work and makes my day." Initially, one of her biggest challenges was to get residents to join the activities. She says, "I always tell everyone not to judge a book by its cover."

Miriam's efforts don't go unnoticed. Jason says, "I like Palm House, I've lived at Palm House for 2-and-a-half years. I like Miriam -- she plans a lot of activities and arts and crafts." One resident's daughter expressed gratitude for Miriam's help with her mother, who has benefited greatly from the varied activities and community life. Miriam said, "Residents are always letting us know that all the staff make a great team and how quickly our maintenance responds to work orders.They like all the new changes and improvements Atlantic housing is making for the community."

Keep up the great work!

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Recent AHF News

Atlantic Housing Foundation Secures $300 Million in Funding with Fundamental Capital Advisors

On August 10, 2022, Atlantic Housing Foundation (AHF), a non-profit affordable housing provider,

secured $300 million in funding from Fundamental Capital Advisors for the renovations of AHF’s existing

workforce housing communities and for the development of new workforce and affordable senior

communities in Texas, Florida and South Carolina. Fundamental has committed to purchase tax-exempt

501(c)3 bonds to be issued by Public Finance Authority of Wisconsin.

These workforce housing properties will be positioned near job centers, community services, schools,

parks and public transportation and will meet a significant need for working families. The renovation

projects will include green initiatives with the use of water-saving features, LED lighting and energy

efficient appliances and windows. AHF will help to modernize and beautify these communities while

adding amenities that residents can use and enjoy.

AHF closed and funded the initial transaction of $77 million for the rehabilitation of four communities

throughout Texas: Hillcrest Apartments in Euless, Covington Creek Apartments in Irving, Heather Ridge

Apartments in Irving and Tall Timbers Apartments in Houston. The direct private placement of capital was

facilitated by Stifel, Nicolaus & Company investment bank. AHF anticipates drawing on the remainder of

the $300 million commitment by the middle of 2023, including the construction of new workforce housing

in Charleston, SC, and in Northport, FL. In conjunction with Fundamental’s commitment, AHF will invest

up to $22 million in equity capital towards these projects.