2026-02-21T11:26:01-06:00 2025-09-30 262415140 CHRISTOPHER L MORRIS CPA PO BOX 2882 ESPANOLA NM 875322882 990 2024-10-01 200951085 LEA COUNTY HOUSING INC % DICKIE WALL LEAC 5756919637 418 E ZIA DR HOBBS NM 88240 DICKIE WALL TREASURER 5756919637 2026-02-21 true true CHRISTOPHER L MORRIS CPA P00514454 5057478085 2026-02-21 2024 2025-03-06 01:10:19Z DICKIE WALL 1017 N TURNER HOBBS NM 88240 11204 false X www.leahousing.com X NM TO INCREASE THE QUALITY QUANITY AND AVAILABILITY OF AFFORDABLE HOUSING IN LEA COUNTY 8 8 0 0 0 4200 4200 5004 7004 0 0 9204 11204 0 0 3093 0 0 0 20495 12631 23588 12631 -14384 -1427 1214440 1214717 6200 7600 1208240 1207117 X TO INCREASE THE QUALITY, QUANITY AND AVAILABILITY OF AFFORDABLE HOUSING IN LEA COUNTY false false 4200 4200 FIRST ACCOMPLISHMENT - ASSISTS WITH THE ADMINISTRATION OF THE MONTHLY PARK PLACE RESIDENT COUNCIL MEETING AND PROVIDES QUARTERLY FISCAL LIT- ERACY TRAINING TO PARK PLACE RESIDENTS TRAINING TO PARK PLACE RESIDENT AT PARK PLACE FOR AN ANNUAL FEE $5,000. SECOND ACCOMPLISHMENT - UNDER OUR NON-PROFIT BY-LAWS, LCHI PERFORMS SERVICES FOR THE COMMUNITY, ALL AT NO COST RESIDENCES. WE PROVIDE HOMEBUYER EDUCATION AND OPERATE THE FACEBOOK PAGE, ASSIST WITH THE IMPLEMENATION OF THE LEA COUNTY AFFORDABLE HOUSING PLANS, AND PROVIDE OTHER HOUSING SERVICES AS NECESSARY. THESE ITEMS ARE ACCOMPLISHED WITH FUNDING FROM THE LIHTC APARTMENT DEVELOPMENT FEES. THE LOW (CONTINUED BELOW) INCOME HOUSING APARTMENT PROJECT ARE DESCRIBED IN THE 3RD AND 4TH ACOMPLISHMENTS BELOW. FIRST-TIME HOME BUYER EDUCATION WAS PROVIDED EACH OCTOBER AND APRIL USING A NEIGHBORHOOD CERTIFIED HBE INSTRUCTOR. NO HOUSING COUNCELING SERVICES WERE PROVIDED. THIRD ACCOMPLISHMENT - CASA HERMOSA (PARK PLACE) LIHTC APARTMENT PROJECT - FOLLOWING RECEIPT OF TAX CREDITS FROM THE NM FINANCE AUTHOR- ITY, IN MAY 2012, PREDEVELOPMENT ACTIVITIES COMMENCED AND LCHI AND CHELSEA INVESTMENT COMPANY BECAME (.49% & .51%) CO-GENERAL MANAGEMENT ALONG WITH THE 99.9% TAX CREDIT INVESTMENT OWNER IN A NEW COMPANY CALLED MICHIGNA DRIVE, LLC. THE PROJECT FINANCING CLOSED DURING THE (CONTINUED BELOW) LAST OF DECEMBER AND EARLY JANUARY 2013. APARTMENT CONSTRUCTION BEGAN IN FEBRAURY 2013 AND WAS COMPLETED MARCH 2014. THE APARTMENTS ARE OVER 98% OCCUPIED BY FAMILES IN THE 30%, 50% AND 60% INCOME LIMITS. LCHI RECEIVES A 10% DEVELOPMENT FEE PAYMENT FROM CHELSEA FOR PARK PLACE THAT IS PAID OUT OVER SEVERAL YEARS. FOURTH ACCOMPLISHMENT - CHELSEA INVESTMENTS ALSO REQUESTED LCHIT TO BE THE NON-PROFIT GENERAL PARTNER ON ANOTHER MFA TAX CREDIT PROJECT. A 58 UNIT AFFORDABLE HOUSING PROJECT CALLED PARKSIDE TERRACE WAS PURSUED IN JANUARY 2016 AND SELECTED FOR MFA LIHTC FUNDING. THE PROJECT WAS COMP- LETED IN EARLY 2018. 95% OF UNITS ARE RENTED TO 30%,50%& 60% INCOME (CONTINUED ON SCHEDULE 0) 4200 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true false false true true true true NM X RUSS DOSS 5756919637 418 E ZIA DR HOBBS NM 88240 X D HAYNES PRESIDENT 1.00 0.00 X X 0 0 0 W BELL VICEPRESIDENT 1.00 0.00 X X 0 0 0 D WALL TREASURER 1.00 0.00 X X 0 0 0 B CHOICE SECRETARY 1.00 0.00 X X 0 0 0 J HERNANDEZ MEMBER 1.00 0.00 X 0 0 0 P SIMMS MEMBER 1.00 0.00 X 0 0 0 R HAYNES MEMBER 1.00 0.00 X 0 0 0 R HAYNES MEMBER 1.00 0.00 X 0 0 0 L HILL MEMBER 1.00 0.00 X 0 0 0 0 0 0 0 false false false 4200 4200 4200 PARKSIDE TERRACE ADMIN FE 236000 2000 2000 PARK PLACE ADMIN FEE 236000 5004 5004 7004 0 11204 7004 0 0 5800 5800 607 607 4200 4200 BANK 28 28 SOFTWARE 796 796 TELEPHONE 1200 1200 12631 4200 8431 0 60085 73609 1136000 1136000 18355 5108 1214440 1214717 6200 7600 6200 7600 X 72240 71117 1136000 1136000 1208240 1207117 1214440 1214717 -1427 304 0 X false false X 3300 3300 3300 3300 4200 3300 3300 3300 3300 4200 17400 3300 3300 3300 3300 4200 17400 0 0 0 0 0 0 17400 3300 3300 3300 3300 4200 17400 1.00000 0.00000 0.00000 0.00000 X Part VI Line 11b BOARD MEMBERS ARE PROVIDED A COPY FOR REVIEW Part VI Line 19 UPON REQUEST 4D LIMITS FAMILIES. LCHI ALSO RECEIVES A 10% DEVELOPMENT FEE PAYMENT FROM 4D CHELSEA FOR PARKSIDE TERRACE THAT IS PAID OUT OVER SEVERAL YEARS. 4D FIFTH ACCOMPLISHMENT - PROVIDES PARKSIDE TERRACE QUARTERLY FISCAL LITERACY 4D TRAINING TO PARKSIDE TERRACE RESIDENTS FOR AN ANNUAL FEE OF $2,000. 4D SIXTH ACCOMPLISHMENT - LCHI CONTINUES WITH OUR ANNUAL OUTREACH PROGRAMS AND 4D HOLDS ANNUAL TOWN MEETING IN EACH COMMUNITY OF LEA COUNTY TO RECEIVE INPUT 4D ON HOUSING NEEDS AND TO MAKE ATTENDEES AWARE OF THE PROGRAMS OFFERED BY 4D LCHI. FEDERAL FAIR HOUSING DOCUMENTS AND OTHER HUD DOCUMENTS ARE MADE 4D AVAILABLE TO THE ATTENDEES DURING THOSE MEETINGS. 4D ALL OTHER ACCOMPLISHMENTS - LCHI ALSO WORKS WITH THE REGIONAL WEATHER- 4D IZATION REPRESENTATIVE TO COORDINATE WEATHERIZATION OF HOMES IN LEA COUNTY.