Intercontinental Affordable Housing Inc., (“IAHI”) is a California based not-for-profit organization (501 (c) 3), which aims to help low income family households find clean, quality affordable housing.

The Board consists of Robert Lehmann who is the Director of the Board who also acts as the President for the Organization. The other members are Jey Samuel, who is the Vice President and Treasurer as well as Daniel Gutierrez who is the Secretary.

The organization’s overall mission is to acquire existing “at risk” affordable housing from private investors or partnerships that seek to “opt-out” from current restrictive affordable housing covenants. Through these endeavors, IAHI will be able to keep this portion of the community as affordable housing stock through extension of the affordability covenants for an additional 55 years. These acquisitions will be facilitated through creative deal making along with the use of a variety of funding sources, including low income housing tax credits, tax exempt bonds, and available grants and loans available to non-profits.

Intercontinental Affordable Housing Inc. was incorporated in 1983 with the initial mission of procuring and creating affordable housing. In the same year IAHI acquired its first building, the Yorkshire Terrace Apartments, which consisted of an 18 unit apartment building subsidized by the US Department of Housing and Urban Development.  In 2000 the organization embarked on a program to begin looking for HUD subsidized asset entities and developments “at risk” of being converted into market rental housing.  By 2004, the organization sold its interest in the Yorkshire Terrace Apartments to another non-profit and re-named the organization Intercontinental Affordable Housing.  Currently, IAHI will be expanding its role to cultivate and develop resident interests and social programs, and strive to promote improved living environments in addition to pursuing its current acquisition goals.  IAHI will implement resident programs that will provide education assistance, community interaction, and job counseling and placement assistance to promote sustainable communities and empower residents.

 

 

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