CEO Message & Recent Happenings

New Normal, New Faces, But Same MHEG John Wiechmann, CEO

Greetings Friends! I hope this newsletter finds each of you doing well. Hard to believe the first quarter of 2022 is almost over!

Two years ago, the world changed and our ‘normal’ changed. MHEG closed its physical offices and staff began working remotely from home. As we settle into 2022, we are determining just what our new ‘normal’ is. For MHEG, this means our physical offices are open, but our staff have the flexibility to work at home or the office (or anywhere else where they can get the job done!). Our commitment to our investor and developer partners remains the same, regardless of where our team logs-in.

Our success in 2021 confirms that commitment. MHEG had a record year raising $315 million in new equity and closing investments in 39 new developments, helping finance over 1,800 units of quality affordable housing. Together with you, 36 new developments reached construction completion, creating over 1,600 safe, decent and affordable units for even more individuals and families.

We are excited for even greater things in 2022. As mentioned later in the newsletter, we’re expanding into new states and are excited to bring our mission to new communities and serve even more residents. We’ve also added several new members to our team to accommodate the growth. We look forward to you meeting them in person throughout the year at our annual state dinners.

Thank you again to all of our volunteers, investors, developers, general partners, property managers, financing partners and government officials for making 2021 such a great year. Thank you for lettings us be a part of your organization. If there is anything that anyone at MHEG can do to help you reach your goals, please don’t hesitate to let me know. We may have a new normal, with new faces and new states, but we’re still the same MHEG looking to change lives for a better tomorrow.

All the best, John Wiechmann

John Wiechmann along with Fred Hoppe and other partners at the Gatehouse Rows groundbreaking ceremony in Lincoln, Nebraska. September 2021

Recent Happenings... Vandeman, Swanson, Powers & Wieck Retire

This first quarter of 2022 was bittersweet with the retirement of four long-time employees. Shellie Vandeman, Deb Swanson, Shannon Powers and Cindy Wieck said their farewells to MHEG and started new chapters in their lives. Each of these ladies will be greatly missed; their knowledge, expertise and dedication to MHEG were evident in the many years of service to the company.

Shellie Vandeman has been with MHEG for 20 years and has been an invaluable asset to our company. Although she worked in the Compliance Department, Shellie took the time to know everyone at MHEG and always had a smile on her face. Her final day was January 6th, 2022.

Deb Swanson has been with MHEG over 14 years. She has been a vital member of our Acquisitions team, but also a friendly face to all departments. She worked with many of our partners as we closed deals. Her last day was January 7th, 2022.

Shannon Powers has been with MHEG over 20 years. She was the beginning of our due diligence department and implemented many of the protocols we still use today. Her last day was January 14th, 2022. Left to Right: Shannon Powers, Deb Swanson and Cindy Wieck