It is my pleasure to present the 2017 Annual Report for Advantix Development Corporation. Advantix is now a development corporation, and as such, our efforts are producing tangible results. Our presence, as well as our vendor booth at conferences, enables us to attract and engage strong contacts at the state and regional levels. In addition to Advantix construction growth, other housing authorities are seeking our guidance with their own RAD conversions and Tax Credit projects.
Indeed, Advantix is expanding its footprint throughout Indiana, including serving as Construction Manager in the community of Corydon: transforming an old school building into assisted living loft units for senior residents. In other news, Advantix sold land from our Erie property to Chicago-based Vermillion Development for a senior living facility here in Evansville. In partnership with the YMCA, the Advantix-owned central office building was recently purchased by the Y to provide much-needed space to further expand its mission in our community.
Perhaps among the most important aspects of our undertakings involving multi-million dollar projects, is the ability to offer tenants improved housing they can afford—energy-efficient residences updated with environmentally-friendly, sustainable materials. It’s important to note throughout every phase of our RAD conversions, we have not eliminated a single unit. In fact, all this positive activity has enabled Advantix to grow employment—I’m pleased to report we now have ten employees at Advantix.
To you, our supporters, team members, and residents, thank you for your efforts in keeping us moving forward.
– Rick Moore, CEO