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AHEPA (American Hellenic Educational Progressive Association) initiated its efforts in the development of the Section 202 multifamily housing for low-income elderly in 1980. AHEPA’s first project was the AHEPA 53 Apartments with 117 units in St Louis, MO. The project was funded in September 1980, went into initial endorsement in May 1981, and was ready for occupancy by April 1982. The name AHEPA 53 Apartments reflects the local AHEPA chapter that was instrumental in obtaining the funding for this project and continues to provide local support for the project and its residents.
Based on the success of this initial effort AHEPA National Housing Corporation (ANHC) was formed for the development of HUD Section 202 elderly housing. ANHC was chartered as a 501(c)3 nonprofit organization in the District of Columbia in 1983. Through its sponsorship and assistance to local chapters, the AHEPA Housing Program has continued to grow. In 1991 the success of the program led ANHC to form a wholly owned subsidiary, the AHEPA Management Company, Inc. (AMC) to manage those projects in operation and future projects.
The Board is comprised of the presiding presidents of each of the operating chapter corporations, annually elect officers and three directors who make up the executive board. All are volunteers. The AHEPA Housing Program, through the hard work of early volunteers, has rapidly developed into a premier program. Our goal is to continue to expand and assist independent companies and more AHEPA chapters to participate in this worthwhile affordable housing programs.
Thanks to the vision of James Karthan, the namesake of our chapter, central Iowa is home to 3 Senior Apartments under this program: One in Johnston, Iowa and two in Ankeny, Iowa, all suburbs of Des Moines. It was announced in 2021 the the chapter will begin work on developing a fourth location on the southside of Des Moines near Southridge Mall.
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