JUST IN: Local Affordable Housing CEO Retires – Arlington, Texas

Arlington, Texas 2021-05-26 10:00:26 –

Revolutionary Arlington View Terrace East (Photo courtesy of AHC, Inc.)

Walter Webdale, CEO of Local Affordable Housing Developer AHC will retire.

Webdale’s retirement announcement announced by a non-profit organization Poor condition and maintenance At the Serrano Apartments Complex in Columbia Pike. Anger at rodents, dirty air conditioning units, and mold-covered apartments led to criticism from elected local officials. Rapid increase in action To fix the problem, as ARLnow first reported.

One of the measures taken was to replace AHC’s commercial management company with another company to manage the Serrano apartment.

Webdale has announced in an email to AHC supporters this morning that they will retire next Monday.He advertised AHC growth And Good work In the process of his more than 20 years of leadership. He said the organization would soon announce a new leadership plan.

According to Webdale, in 2018, a nonprofit organization paid more than $ 400,000 in compensation. Federal Documents Submitted.. AHC and its affiliates and subsidiaries reported revenues of approximately $ 92 million that year, primarily from apartment rents. It’s unclear if Webdale also received compensation from other AHC affiliates.

Here is Webdale’s complete letter about his retirement:

Dear AHC family,

Today, we are sending you a letter to announce your retirement on May 31, 2021. We are honored to lead our organization for the last 22 years.

We will soon hear about AHC’s new leadership plans, but this organization is committed to providing affordable and stable homes for people in need and servicing their population. I promise to continue.

The AHC Board of Directors, headed by Board Chairman Bob Bushkov, works with senior staff to oversee while looking for a new CEO. A special committee has been set up to ensure a seamless transition. I am completely confident in the board’s ability to find a successor to lead AHC to the next chapter.

We wish you all the best and thank you for supporting AHC’s mission to provide residents with affordable housing and educational opportunities.

Good luck,
Walter D. Webdale
President and CEO

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