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What We Do

AOF/Pacific is the Managing General Partner in over 80 limited partnerships or LLC's established to acquire, develop, rehabilitate, and operate apartment complexes for seniors and moderate to low income persons or families. These apartment complexes are located in three states: California, Oregon, and Washington State. Through the use of public and private relationships with various agencies many of these partnerships have received contributions from city agencies to facilitate the acquisition of land and/or the construction of the projects. A large portion of the portfolio is financed through the use of the LIHTC (“Low Income Housing Tax Credit”) program and AOF/Pacific ensures that all properties are managed by management companies with extensive experience in affordable housing management and LIHTC compliance requirements. AOF/Pacific has also been successful in obtaining grants from various cities which were used to acquire property and in turn has contributed these kind donations to the limited partnerships. 

The Corporation also provides quality affordable housing to the public through the construction of single family affordable housing or the acquisition and rehabilitation of existing single family housing. The Corporation has performed over 120 acquisitions, rehabilitations, and sales of one-four unit homes using FHA 203(k) acquisition and rehabilitation loans or look alike conventional loans. AOF/Pacific has extensive  good standing working relationships with companies in various industries including construction, marketing, and sales which allow us to bring a wealth of knowledge and expertise to each of our projects. The majority of these homes have been in the Southern California revitalization areas of Los Angeles, Compton, Long Beach, Santa Ana, Rialto, Fontana, and Ontario. Approximately ninety percent of these homes were sold to families making 115% or less of the area median income adjusted for family size. We also have relationships with Neighborhood Housing Services within the communities that we work with that provide buyers with First Time Homebuyer Training and First Time Homebuyer Ownership Guidance. 

Multifamily Resident Services

AOF/P’s mission as an organization is to provide services to the tenants of low-income housing developments.

AOF/Pacific coordinates and monitors various services provided to the residents of our affordable housing complexes. Our goal is for the apartment complexes to provide services and linkages to resources within each local community that will enable our residents to live a better life. We use feedback from residents and on-site management to help develop programs that compliment the current interests of the residents as well as help them to discover new ones.

Several of our complexes have contracted with All Things are Possible After School & Family Resource Centers (http://www.atap-us.org) to run their resident services programs. The services provided vary based on the needs and facilities of each apartment community. After-school programs for resident children include tutoring and reading assistance, as well as sports and other recreational activities to keep the children active and engaged. Computer training is offered to improve the skills of both children and adults. We believe that providing computers and access to the internet allows residents to stay abreast of job opportunities as well as obtain training and education that might not otherwise be available to them. We believe that successful senior living is about choice, dignity, and quality of life and we work closely with property managers to ensure that appropriate activities are made available through linkages with local community groups and on-site activities.

Bridging the Digital Divide

Mr. Nayar has volunteered a significant amount of his time over the last 15 years to help low income families and seniors. He sits on two boards. One is a non-profit where CRA officers meet to give assistance to non-profits in assisting low income families. Over the last six years Mr. Nayar has met on several occasions with bank CRA officers in the project locations to obtain their assistance in securing services for AOF/Pacifc projects.  The CRA officers have taken a specific interest in select AOF/Pacific projects and have provided contacts with service providing agencies. They also have arranged to have credit counseling in association with a first time home buyer program training on-site.

These financial institutions have donated used furniture, computers, printers, fax machines, copying machines, and typewriters etc. for all of our projects.  We are routinely kept informed by these CRA Officers when the branches either close or decide to get new furniture and equipment and in turn we receive kind donations of equipment which we donate back out to the low income communities that we serve.  The banks also have given financial donations to run these programs. AOF/Pacific has also built partnerships with software donation organizations that serve non-profits with redistribution opportunities that offer software for highly discounted prices. Through the use of the partnership with our CRA representatives, software donation organizations and institutions such as Capital Source Bank, AOF/P has been able to bridge the digital divide in the low income community that separates communities from information technology and learning environments only accessible through modern computing.

Income & Expense Review

We require all projects to provide us with the monthly income and expense statements.  Every quarter these reports are analyzed by our accounting staff.  Upon review of the data pertaining to each property a report is created with our analysis of variances, deficiencies, rent loss, or operational performance. As an added benefit to the relationship with our clients, this information is shared with our partners, clients, and our property management to improve the partnerships business processes. 

Asset Management

AOF/Pacific performs a comprehensive asset management review in conjunction with the income and expense review. The asset management component of the business comprises of at least one onsite visit per a property on either an annual, bi-annual, or quarterly basis. Site visits involve property management attendance to address outstanding issues or issues relating to performance of the property at large as well as photographic documentation of the physical asset. In addition to the onsite visit, staff at AOF/Pacific performs regular interview based reviews of the portfolio with both onsite management and regional property managers on a scheduled basis.