MAKE A DONATION !
Multifamily Affordable Properties (MAP) is registered as a non-profit corporation with the Secretary of State in the State of Washington (filed April, 1999) and has received its 501(c)(3) exemption with the Internal Revenue Service (IRS), thereby allowing all charitable giving towards this effort to be tax deductible.
As MAP is presenting this service at such a nominal fee, it would welcome any tax deductible donation offered. All financial institutions, organizations, or entities who contributes will have its name added to our list of contributors on this website, allowing the many individuals utilizing the site: business owners, property managers, consumers, to see that the contributors are proponents of affordable housing.
If you would like more information about MAP, or would like to MAKE A DONATION, please do not hesitate to contact Sheila King, Executive Director, at: (253) 383-3861 or e-mail address: Sheila@aptfinder.org
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PROJECT SUSTAINABILITY
HOW IS THIS ALL PAID FOR?
MAP's business plan during its start-up period is to use one-time donations from such community-oriented funders such as banks, service and advocacy organizations, semi-public government entities involved in housing, and private sources. No wages are paid to board members, and there are no benefits to board members other than having the opportunity to participate in MAP and the potential to transform affordable housing accessibility.
After the initial start up year is established through donations, a charge will be assessed to the listing company of $2.00 per unit per year to post their site on the web page. The $2.00 per unit charge would cover:
- The initial cost of input of their property's characteristics, contact information, waiting list information, etc.
- The cost of adding a picture to the web listing (submitted in an acceptable thumbnail size via disk or email)
- The cost of updates to the listing throughout the year (waiting list changes, contact changes, rent or subsidy changes, etc)
This per unit charge would be considered an allowable project expense under all regulating agencies, as all projects must advertise at one time or another. (Even HUD projects with three-year waiting lists must perform annual Affirmative Fair Housing Marketing advertising to comply with their agreements with HUD).
As income from our listing properties is generated, MAP will be able maintain it's sustainability. MAP's primary function in is to maintain the accuracy of the data base. This is so very important in this constantly changing housing industry.
In addition, MAP expects to be generating web site advertising income. One bank has already requested information on advertising costs because they believe that the web site will be a useful source for first time homebuyers.
Thank you for your current and continued support of this valuable new housing resource!
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FINANCIAL SUPPORTERS
SPECIAL THANKS TO THE FOLLOWING ORGANIZATIONS FOR THEIR FINANCIAL SUPPORT
Affordable Housing Management Association (AHMA) of Washington
www.ahma-wa.org
Capitol Hill Housing Improvement Program
1406 10th Avenue, Suite 101
Seattle, Washington 98122
(206) 329-7303 FAX (206) 329-1857
Frontier Bank
www.frontierbank.com
KeyBank
www.keybank.com
U.S. Bank
www.usbank.com
Washington Mutual Foundation
www.wamu.com
Washington State Council for Affordable & Rural Housing
www.wa-carh.org
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