The following information will provide a synopsis of the Millennium Hills operations.

Millennium Hills Housing Development Fund Corporation (MHHDFC)

The MHHDFC is a not for profit entity created in order to facilitate the construction of the MH development. There is a Board of Directors currently comprised of two Huntington Housing Authority (HHA) Commissioners, local community members and the HHA Executive Director.

Through the provisions of the closing documents and a regulatory and operating agreement with the US Department of Housing & Urban Development (HUD) and the Town of Huntington Housing Authority , the MHHDFC was responsible for overseeing the development phase and continues to be the owner of the public housing rental units.

During the development phase, the MHHDFC held monthly and/or additional special meetings to review the progress and attend to development issues. The MHHDFC utilized a construction project consultant to provide the services and information. There was an independent construction inspector working for the MHHDFC that was on site at least two times a week and the inspector provided more than 100 written progress reports and recommendations during the construction. Chase Bank provided a construction loan for the home owner units and also employed their own inspector monthly prior to releasing any progress payments. HUD sent their own inspector monthly to inspect the progress. These inspectors were in addition to any inspections required by the Town of Huntington.

The MHHDFC utilized the services of the Long Island Housing Partnership to promote, review and determine the eligibility of prospective first time home buyers. JMD/Einsidler Management performed the marketing, review and eligibility determinations for the rental units and continued on as Managing Agent for the first year of occupancy.

All buyers were true first time home buyers and could not have owned any interest in any property for any period of time before the eligibility process began for the MH Development. The buyers are subject to several subrogated deed restrictions in order to prevent "flipping" of the units.

All applicants for the rental properties were subject to the HUD public housing eligibility requirements, including review of records related to drug or violent criminal activity. Continued occupancy is subject to the public housing lease provisions and any HOA house rules.

Operations Phase

The MHHDFC selected JMD/Einsidler Management 631-752-1414) under a one year agreement as the first management firm for the development. This selection was made after review of qualifications. JMD has experience in both subsidized rental requirements and general home owner association management. Effective July 1, 2005, the MHHDFC Board will utilize the Town of Huntington Housing Authority as Managing Agent in order to provide specialized attention to the Public Housing operations. The MHHDFC Board thanks JMD Management for their efforts during the initial opeartions phase.

The development does have an Home Owners Association. After initial occupancy in 8/04, the MHHDFC was the Home Owners Association for the first three months of occupancy. In January 2005 an election was held to establish the first Directors of the HOA. The HOA Board is comprised of three home owners and two MHHDFC designated members to represent the renters and MHHDFC interests. The Association by-laws were drafted to permit the HOA to operate fairly and not be dominated by either interest. Certain matters require MHHDFC approval, essentially, the MHHDFC has the right of refusal over certain items that could have a detrimental impact on the community.

The renters, although not full members of the HOA, do however attend the meetings with the home owners. The renters will also have the opportunity to form a Tenants Association, if they so choose, in accordance with the provisions of the public housing regulations found at 24 CFR 964 et al. Information and guidance will be provided so that the families living in the public housing units can successfully form an association should they chose to. The MHHDFC Board members represent the renters interests and once formed, are required to recognize the renters Tenants Council if established in accordance with applicable Public Housing Laws.

The layers of organization and oversight are designed to afford every person, regardless of relationships, living in the development, the opportunity to be heard and to participate in the governance of their community.

JMD provides management services to the HOA.

The HHA is responsible for oversight of the funding flowing through HUD and the annual reporting of such expenditures. The HHA provided guidance, policies and information to the MHHDFC during the start up phase of the development and still provides such guidance when necessary.

The HOA will decide, primarily, by consensus of the families actually living in the development, the manner and methods used for managing their properties.

The HOA members, the families living in the development, were asked to provide a "wish list" or suggestions for services that may be of benefit to the entire community. The management agent coordinates all information dissemination and processing of requests for the agenda to be discussed during the monthly HOA meetings. After the survey process is completed, the MHHDFC in conjunction with the HOA can decide what services may be beneficial to the MH community as expressed by the MH community. The MHHDFC nor the HOA will pay for the services, but rather seek out third party providers and funding sources to provide these services, either at their own existing venue or possibly on site in the common area community room.

The MHHDFC has discussed this with several different organizations in order to determine the availability and desirability of providing such services. The organizations have expressed a desire and willingness to assist in any way that is mutually desirable and feasible for the organizations. This willingness is a true testament to the concern of the majority of the community volunteers to provide assistance and support to the families living in the community.

Some of the initial discussions with HOA members revealed, generally, a desire to form a neighborhood watch committee, additional lighting and have expressed a feeling of not wanting to be treated differently. Other issues that were discussed were not different than one would familiar with HOA operations would expect in any HOA meeting.

The MHHDFC Board members are volunteers. The Board is very pro-active when investigating issues that pertain to the MH operations. The HOA members are volunteers, but have an inherent incentive to help themselves manage their own development. Aside from minor issues not uncommon in any town house style development, i.e., parking, dog walking issues, lighting, landscaping, etc., the development operations are proceeding as planned.

Disclaimer- This information is provided as general information and cannot be considered all encompassing. The information is not intended to obligate, bind or inure any liability to any person or organization outside of the respective obligations or liabilities imposed by applicable law. last updated Monday, June 20, 2005