Wisconsin Housing Preservation Corp

Programs: Whpc acquired 880 additional housing units in 2017, bringing the total units in the whpc portfolio to 8,260 at december 31, 2017, and the total number of projects to 140, in which whpc had full ownership or a limited interest in. At december 31, 2017, there are 5,375 units, or 92 projects, that are 100% owned by whpc. This form 990 submission includes the operating activity of 88 projects. 4 other projects with 63 units owned by 3 individual entities file separate forms 990. Whpc has an ownership interest and is the managing member of another 2,822 units, or 48 projects, which are reported on separate tax returns. (continued on schedule o) 83% of the properties included in this submission operate with subsidies received from the us department of housing & urban development (hud) or the usda rural development (rd), and 97% of the properties included are income and rent restricted. 18% of the properties also received hud service coordinator grant funds, which enable the elderly and disabled properties to hire specialized staff for case management and referral services, linking them to community agencies, educating them on available services and tenancy issues, and other functions to facilitate independent living. The 2017 economic occupancy for the 88 projects reported is 95. 36%. Whpc's portfolio of hud section 8 project-based subsidized properties is consistent with hud wisconsin's characteristics, having average household incomes of about $13,000, and average rents being $300 per month. Whpc's average age of its elderly population is about 80, and about 50 for disabled adults.