management agent company profile - blanco enterprises

CORPORATE PROFILE 2018www.blancoenterprises.com

http://www.blancoenterprises.com

http://www.blancoenterprises.com

As a fully integrated real estate company, we develop many of the properties we manage, and our portfolio contains multiple options of affordable housing throughout the island. We are recently expanding to offer our services to the private sector.

We are a full service property management company committed to building better communities, raising industry standards and most importantly the quality of life of our residents.

QUICK FACTSFOUNDED: 1969

HEADQUARTERS: San Juan, Puerto Rico

INDUSTRY: Low Income Housing Development and Property

Management

LEADERSHIP: Enrique Nodarse, CEO

EMPLOYEEES: 140

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WHY BLANCO ENTERPRISES?

TABLE OF CONTENTS

COMPANY OVERVIEW

WHAT WE DO

INDUSTRY EXPERIENCE

MEET OUR KEY PEOPLE

OUR PROPERTIES

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DEVELOPING AFFORDABLE COMMUNITIES.

WHY BLANCO ENTERPRISES?

We have a proven track record with our investors and with our residents. To date we have developed 20 low income housing projects from conception to completion, 13 of which we still own and manage. For over 40 years we have exceeded requirements and industry standards proving our clients and investors our commitment to success.

In Blanco Enterprises we expertly adapt to each individual property and development process. Our business decisions are well thought and purposeful in order to meet the high standards required by the industry, which is why we have endured over 40 years, more than any other in this line of work.

Our experience has also taught us that collaborations are crucial to success. We have forged alliances with non-profits such as Pro-Vivienda and we are active members of the following associations:

▪ Member of USGBC▪ Energy Star▪ Rural Development▪ Equal Housing

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COMPANY OVERVIEWWe are experts of the Low Income Housing Tax Credit (LIHTC) program. Through this effective federal tax policy program we have built a variety of housing options for our community while providing investors a safe and reliable investing opportunity.

We are proud to help meet our country’s high demand for affordable housing needs while giving investors a solid and effective investing tool.

Our properties are built and managed to exceed all regulatory requirements ensuring that our tax credits are competitively priced and secure. We

also enforce strong oversight and accountability to assure our investors and our residents of our commitment.

With Blanco Enterprises you can also feel good by knowing that your investment contributes positively to the community. Get more from your return by knowing your investment also serves an important civic purpose.

Furthermore, our practice creates jobs for small and medium businesses. Architects, plumbers, electricians, carpenters and other bui ld ing specialists benefit when we develop affordable properties with support from the LIHTC program. Property managers, maintenance workers, service providers and others also benefit once the housing is occupied.

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We go above and beyond our duties because we believe in what we do.

We employ 140 people. In addition, we work with hundreds of vendors and local service suppliers of all scales, thus benefiting the whole community.

For over 40 years Blanco Enterprises has been established as a leader of affordable housing development. Founder and visionary Carlos A. Nodarse understood the importance of not just providing decent, safe and clean residences for his community. He believed in building quality homes that served its residents opportunities that otherwise they were not able to afford.

Since 1969 our pioneering company has built partnership structures that provide tax contribution

benefits to investors. This vision is now applied through the LIHTC – a federal program where the use of tax credits serve as an instrument to make all these projects possible through sound investing.

Today we continue to be the leading experts in our field. Our history and years of experience dealing with the strict federal requirements ensure the security and effectiveness of our investments opportunities. In Blanco Enterprises we adhere to strict professional corporate standards and work ethics. We certainly stand out f r o m t h e r e s t o f o u r i s l a n d competitors.

COMPANY OVERVIEW (cont.)

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1. We build affordable housing for our communitywhile providing solid investment opportunities. We alsooffer comprehensive property management services forresidential and commercial properties.

2. We are experts of the Low Income Housing Tax Credit (LIHTC)Program. Through this effective tax policy program we build high-standard housing while providing a solid and feel-good alternativefor our investors.

3. In addition, we offer comprehensive property management services andsolutions to residential and commercial properties alike. We have the mostcomprehensive property management service package of the industry. BlancoEnterprises does the job of several different managing companies at once.

WHAT WE DO.

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We pursue que highest standard of living

Creating housing that improves quality of life.

Managing with integrity.

Developing affordable communities.

Conferences & Trainings

NOVOCO -Tax Credit Developers Conference (2012) NOVOCO- Affordable Housing Conference (2013,2015, 2016 Sept 2016) NOVOCO - New Market Tax Credit Conference (2009 NOVOCO - Financing Renewable Energy Conference 2012 IPED - Affordable Housing Preservation IPED - Tax Credit Property Dispositions + Affordable Housing Preservation Update-2014 IPED - Affordable Housing Summit at Greenbuild® -2013 IPED - The National Affordable Green Homes & Sustainable Communities Summit at Greenbuild® - 2012 US Green Building Expo and Training (2007, 2012-2014) Southeastern Affordable Housing Management Association (SAHMA)

INDUSTRY EXPERIENCE

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Program Expertise

Section 8 (Project Based HAP)- HUD Section 8 (Tenant Voucher)-HUD Section 236- HUD Moderate Rehabilitation Program- HUD Low Income Housing Tax Credit Program-LIHTC Section 515- Rural Development, USD

Agency Compliances

HUD Rural Development, USDA Puerto Rico Housing Finance Authority -PRHFC LIHTC/REAC/Municipality Voucher Inspection OSHA Junta de Calidad Ambiental-JCA

Staff Certifications

Certified Manager of Housing (CMH) Certified Voucher Specialist (CVS) Certified Manager of Senior Housing (CMSH) Tax Credit Specialist (TCS) Certified Financial Specialist (CFS) Certified Occupancy Specialist (COS)

Blanco Enterprises and its subsidiaries has over 40 years of experience in the housing market. During that time we have worked with the following programs assuming different roles from development stage to the management and ownership compliance of the properties. Furthermore, we pride ourselves with our proven track record in compliance with local and federal regulatory agencies.

http://www.ipedconference.com/Conferences/Tax_Credit_

http://www.ipedconference.com/Conferences/Tax_Credit_

Meet the KEY PEOPLE

Administrative & New Business Development Director

[email protected]

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ENRIQUE NODARSECEO & President

[email protected]

CARMEN GLORIA RIVERA

ALEJANDRO NAZARIODirector of Construction and

Maintenance

[email protected]

mailto:[email protected]






Commitment to develop, administer and preserve social interest housing as a means to inspire the Puerto Rican family.

The home is each individual’s vital space. It is our pride and responsibility to offer the best service in the industry.

OUR PROPERTIES

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QUICK GLANCE OF OUR PROPERTIES

Property Name Units BEI BME FMC FHC PISD Location

Casa Linda del Sur 199 X Bayamon

Covadonga 60 X Mayaguez

Los Laureles Apartment

148 X Bayamon

San Enrique I 60 X Camuy

San Enrique II 60 X Camuy

Torre de Tokio 127 X Caguas

Hormigueros Apartments

40 X 1993 Hormigueros

San Francisco Court 78 X 1993 Cabo Rojo

San Francisco Village 84 X 1992 Cabo Rojo

San German Apartments

84 X 1993 San German

Villas de Hatillo 72 X 1992 Hatillo

Vista Linda Apartments 50 X 1994 Sabana Grande

Las Americas I 266 X San Juan

Las Americas II 266 X San Juan

Las Lomas Apartments 120 X San Juan

Parque de los Monacillos

166 X San Juan

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ADMINISTRATIVE AGENT BEI - Blanco Enterprise Inc. FMC - First Management Corporation FHC - First Housing Corporation BME - Blanco Mora Enterprise

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CASA LINDA DEL SUR 2 Ave. Casa Linda STE ADM Bayamón, PR 00959

This property has 199 one bedroom apartments and is conveniently located steps from the Salus Medical Clinic, a member of the Mayo Clinic Care Network with over forty doctors, dentists, drugstore and a full service lab. With direct access to Avenida Los Filtros, Costco, supermarkets and parks are minutes away. We offer transportation services for residents on Thursdays and Fridays to main shopping centers and exercising facilities. Cardio workshops courtesy of the Department of Recreation and Sports of the Municipality of Bayamón are provided. Tai-Chi clinics are offered by residents on Mondays. Social worker conferences, laundry facilities, 24 hour security, controlled access and a community hall for activities are available for our residents. All our units provide a fridge, stove and water heater.

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PROGRAMS SECTION 8/HUD

ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc).

PHONE 787 720 6784

UNITS 199

COMPOSITION One Bedroom

PLACED IN SERVICE DATE

NUESTRA SEÑORA DE LA COVADONGA Las Flores #45 Final Mayaguez PR 00680

Complex with 60 one-bedroom apartments. Located near pharmacies. It has a laundry room and a community center with a kitchen. It has controlled access and surveillance in the evening. This project has a social coordinator as part of the services offered to residents. Each unit includes a fridge, stove and water heater.

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ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc).

PHONE 787 832 0443

UNITS 60

COMPOSITION One Bedroom


LOS LAURELES APARTMENTS Ave. Laurel Esquina Power, Bayamon, PR 00956

The complex is made up of 148 two, three and four-bedroom apartments. Located close to pharmacies, hospitals and fast food restaurants. Los Laureles Apartments has basketball court and recreational area. Each unit provides a fridge, stove, water heater and space to install a laundry unit. We have 24 hour security and controlled access. Facilities with communal lounge and social workers committed to the welfare and quality of life for residents.

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ADMINISTRATIVE AGENT BME (Blanco Mora Enterprises)

PHONE 787 780 8693

UNITS 148

COMPOSITION Two, Three and Four Bedroom


SAN ENRIQUE I Apartado #61 Camuy, PR 00627

San Enrique I accommodates 60 one, two, three and four-bedrooms apartments. Located steps from the beach, Villa Pesquera and restaurants. This project has basketball court, playground, library, community center with air conditioning and kitchen. Each unit has a fridge, stove, water heater and space to install a washing machine.

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PROGRAMS SECTION 8/HUD, SECTION 515/Rural Development

ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc)

PHONE 787 898 4218

UNITS 60

COMPOSITION One, Two, Three and Four Bedroom


SAN ENRIQUE II Apartado #61 Camuy, PR 00627

San Enrique II features 60 in one, two, three and four-bedrooms apartments. Located steps from the beach, Villa Pesquera and restaurants. Onsite basketball court, children playground, library and an air-conditioned kitchen equipped community center. Each unit is equipped with a fridge, stove, water heater and area with laundry machine connections.

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PROGRAMS SECTION 515/Rural Development


PHONE 787 262 0701

UNITS 60

COMPOSITION One, Two, Three and Four Bedroom


TORRE DE TOKIO Calle Goyco Esq. Troche Caguas 00725

Hi-Rise Condo with 127 two and three-bedroom units. Located in front of the Escuela Libre de Música and Colegio Notredame. It features a basketball court, picnic area, community room with A/C and kitchen. This project has controlled and 24 hour security. Each apartment includes a refrigerator, stove, heater and space to install a washing machine. Social workers regularly organize recreational activities and conferences for our residents.

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ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc.)

PHONE 787 743 0117

UNITS 127

COMPOSITION Two, and Three Bedroom


VISTA LINDA APARTMENTS Vista Linda Apartments #100 Sabana Grande, PR 00637

50 two and three bedroom units. Located in the rural area of Sabana Grande, this project offers a space for relaxation and meditation near spacious green areas. It has a great recreational area, basketball court, community hall and library. We offer monitoring services in the evenings and controlled access. Each unit includes a fridge, stove, heater and space to install a washing machine.

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PROGRAMS SECTION 515/Rural Development, LIHTC

ADMINISTRATIVE AGENT FMC (First Management Corporation)

PHONE 787 873 5920

UNITS 50


PLACED IN SERVICE DATE July 1994

HORMIGUEROS APARTMENTS Hormigueros PR 00627

With only 40 apartments the Hormigueros Apartments project is our smallest unit. The units are two and three bedroom units. These apartments have a basketball court, recreation area and community center with air conditioning. We have surveillance in the evenings and nights. Each unit includes a fridge, stove, water heater and space to install a washing machine.

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ADMINISTRATIVE AGENT FHC (First Housing Corporation)

PHONE 787 849 1424

UNITS 40


PLACED IN SERVICE DATE September 1993

SAN FRANCISCO COURT 100 Carr. 612 Apt. 100 Cabo Rojo, PR 00623

Project with 78 two and three-bedroom apartments. Shared entrance with San Francisco Village also in our portfolio. Located minutes from the town center of Cabo Rojo. This project has a basketball court, recreational area and communal living. We offer controlled access and surveillance services in the evenings and nights. Each unit includes a fridge, stove, water heater and space to install washing machine.

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PHONE 787 255 4130

UNITS 78


PLACED IN SERVICE DATE June 1993

SAN FRANCISCO VILLAGE 110 Carr. 312 Apt. 100 Cabo Rojo, PR 00623

Accommodates 84 apartment units. Located opposite the Rebecca Colbert sports complex and just minutes from the town center of Cabo Rojo. This project has a basketball court, recreational area and a communal lounge with air conditioning. Features gated controlled access and security guard on evenings. Each unit includes a fridge, stove, water heater and space to install washing machine.

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PHONE 787 851 4806

UNITS 84

COMPOSITION One, and Two Bedroom

PLACED IN SERVICE DATE December 1992

SAN GERMAN APARTMENTS 149 Calle Golondrina Suite 100, San Germán PR 00683

Accommodates 84 apartment units, of two and three bedroom units. Located minutes from the town center of San German. This project has a basketball court, recreational area and communal living. We offer controlled access and surveillance services starting in the evenings, continuing through the night. Each unit includes a fridge, stove, water heater.

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PHONE 787 892 2828

UNITS 84

COMPOSITION Two and Three Bedroom

PLACED IN SERVICE DATE March 1992

VILLAS DE HATILLO #100 Hatillo, PR 00659

Walk-up style project has 72 two and three-bedrooms units. This project has basketball court and a recreational area, night surveillance, controlled access, community center with air conditioning and kitchen. Each unit includes a fridge, stove, heater and space to install a washing machine. Social workers have frequent workshops for residents.

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PHONE 787 262 1646

UNITS 72


PLACED IN SERVICE DATE July 1992

LAS AMERICAS I 920 ave. Jesus T. Pinero San Juan PR 00921

Project with 266 units of two and three-bedroom apartments. This project has a basketball court, recreational area and communal living. Has a network neighborhood center with 20 computers. We offer controlled access and surveillance services 24hrs. Each unit includes a fridge, stove, water heater and space to install washing machine. There is a Head Start on the first level serving both buildings.

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PHONE 787 763 8910

UNITS 266

COMPOSITION Two and Three bedroom


LAS AMERICAS II 900 ave. Jesus T. Pinero San Juan PR 00921

Project with 266 units of two and three-bedroom apartments. This project has a basketball court, recreational area and communal living. Has a network neighborhood center with 20 computers. We offer controlled access and surveillance services 24hrs. Each unit includes a fridge, stove, water heater and space to install washing machine.

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PHONE 787 787-763-8910

UNITS 266

COMPOSITION Two and Three bedroom


LAS LOMAS APARTMENTS Calle 31 SO San Juan PR 00921

Accommodates 120 apartment units. Composition is one, two and three bedroom apartments. This project has a basketball court, recreational area and a communal lounge with air conditioning. Features gated controlled access, and 24hr security guard on site and security cameras. Each unit includes a fridge, stove, and water heater.

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ADMINISTRATIVE AGENT BEI (Blanco Enterprises Inc.)

PHONE 787 793 3966

UNITS 120

COMPOSITION One, Two and Three bedroom


PARQUE DE LOS MONACILLOS 1800 San Gregorio San Juan PR. 00921

Accommodates 166 apartment units. Composition is two and three bedroom apartments. This project has a basketball court, recreational area and a communal lounge with air conditioning. Features gated controlled access and 24hr security guard on site. Has a network neighborhood center.

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ADMINISTRATIVE AGENT BEI (Blanco Enterprise Inc.)

PHONE 787 781 0546

UNITS 166



PO Box 10563, San Juan, PR, 00922,

T 787 759 8018 F 787 754 7778

[email protected] www.blancoenterpirses.com

http://www.blancoenterpirses.com

http://www.blancoenterpirses.com

management agent company profile - blanco enterprises

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