Sarah Duggan Aisen is a Senior Vice President Operations at Salus Development LLC at Salus Development LLC.
Salus Development Llc
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Senior Vice President OperationsSalus Development Llc Jun 2021 - PresentCleveland, Ohio, United StatesSarah Duggan is the Senior Vice President of Operations for Salus Development LLC. Sarah began her career in affordable housing development with Salus in 2019 and has spent the years since absorbing all aspects of the industry. Sarah works with development partners, underwriters, attorneys, architects, contractors, third party report providers, property management, and government agencies, federal, state, and local, from pre-development planning to financial closing, construction and project completion.The completion of the first phase of development at Franciscan Village (Cleveland, OH) is a source of pride for Salus, and Sarah, in particular. Her first assignment at Salus was to edit the presentation materials for the Board of Trustees of the nonprofit owner, Our Lady of Angels Apartments, Inc. Salus was awarded the project shortly after and the project has shaped her career. Through it she has mastered the application process for 4% Low Income Housing Tax Credits (LIHTC), assisted in completing the second in the US Rental Assistance Demonstration for the recapitalization of a Section 202 Project Rental Assistance Contract under the new HUD RAD for PRAC program guidelines (during the global COVID-19 pandemic) and for the second phase of Franciscan Village, Salus was awarded it’s first allocation of competitive 9% LIHTC in 2022. The awarded project, Franciscan Annex, is the new construction of 62 (58 affordable) units for seniors at the Franciscan Village campus. The campus also completed the addition of an atrium and conversion of a Rectory building, acquired from the Cleveland Diocese, to a senior center for the residents of the expanding campus. The Annex is expected to close and begin construction Fall 2023.
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Operations ManagerSalus Development, Llc Oct 2019 - Jun 2021Cleveland/Akron, Ohio AreaSalus Development specializes in the acquisition and renovation of affordable properties for families and seniors, typically using affordable first mortgage instruments and Low-Income Housing Tax Credits. Salus' mission is to improve property operations through redevelopment and diligent oversight to provide positive impacts to the low-income residents in its properties.As Operations Manager, Sarah engages with clients from the pre-development planning stage to develop checklists and timelines, assign tasks within the firm, coordinate third-party responsibilities and composes, organizes and reviews documents while continually monitoring the status of requirements to ensure compliance.Sarah joined Salus Development in 2019 and has spent the past year absorbing all aspects of the affordable housing industry, including: applications of 4% and competitive 9% Low-Income Housing Tax Credits to the Ohio Housing Finance Agency, receiving multiple HUD approvals for the Transfer of Physical Assets, and the completion of a Rental Assistance Demonstration for the recapitalization of a Section 202 Project Rental Assistance Contract under the new HUD RAD for PRAC program guidelines.
Sarah Duggan Aisen Education Details
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Political Communication & Public Advocacy -
High School Diploma
Frequently Asked Questions about Sarah Duggan Aisen
What company does Sarah Duggan Aisen work for?
Sarah Duggan Aisen works for Salus Development Llc
What is Sarah Duggan Aisen's role at the current company?
Sarah Duggan Aisen's current role is Senior Vice President Operations at Salus Development LLC.
What schools did Sarah Duggan Aisen attend?
Sarah Duggan Aisen attended Ohio University, Bishop Ready High School.
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