Investor Representative vs. Affiliate Representative
AHIC membership is corporate-based, meaning all employees at member firms can participate in AHIC activities. However, your level of access depends on whether you're categorized as an Investor Representative or Affiliate Representative.
Quick Answer: Which Am I?
| Your Situation | Your Designation |
|---|---|
| You work at an Affiliate Member firm (syndicator or broker) | Affiliate Representative |
| You work at an Investor Member firm that does NOT syndicate tax credits | Investor Representative |
| You work at an Investor Member firm that DOES syndicate tax credits, and your role involves sales or raising capital from outside investors | Affiliate Representative |
| You work at an Investor Member firm that DOES syndicate tax credits, but your role does NOT involve sales or raising capital | Investor Representative |
Why Does This Matter?
AHIC's mission is to serve housing credit investors. Many of our forums are investor-only spaces where members can candidly discuss best practices, negotiated positions, and market trends without their counterparties in the room. The Investor/Affiliate Representative distinction allows us to maintain these spaces while still engaging the broader LIHTC community.
How We Determine Your Designation
Investor Representatives are professionals who deploy their firm's capital into LIHTC investments, conduct asset management of their firm's portfolios, or focus on capital investment strategy for their firm's investments. Their primary role, in the ordinary course of business, does not include the solicitation of tax credit equity capital from unaffiliated third parties, the syndication of partner or member interests in tax credit funds to unaffiliated third parties, the provision of tax credit fund asset management services for the benefit of unaffiliated third parties, the oversight of third-party investor capital, and/or the conduct or management of third-party investor relations.
Affiliate Representatives are professionals whose primary role involves raising capital from third parties, syndicating interests to third parties, managing funds for third parties, or conducting third-party investor relations or any of the above responsibilities.
Access by Designation
| Benefit | Investor Rep | Affiliate Rep |
|---|---|---|
| Attend Spring Meeting | X | |
| Attend Fall Summit | X | X |
| Voting privileges | X | |
| Eligible to serve as officer or committee chair | X | |
| Full committee participation | X | Membership & Program only (non-voting) |
| Third Thursday webinars | X | Select webinars |
| On-demand webinar library | X | Limited |
| Risk Meetups | X | |
| Peer Meetups | X | Select meetups |
| Emerging Leaders Program | X | |
| Directory listing and access | X | X |
| Job board posting | X | X |
| Sponsor programs and events | X | X |
Think We Got It Wrong?
How to Appeal Your Designation
If you believe you've been incorrectly designated as an Affiliate Representative:
- Email the Executive Director to request an appeal. If you want to attend an upcoming investor-only event, submit your appeal at least 45 days in advance.
- Submit a brief explanation of why you believe the designation is incorrect, emphasizing any information not previously provided to AHIC.
- Participate in a video conference with AHIC's Appeal Committee within 30 days.
- Receive a decision from the Board of Governors, which is final. You may appeal again only if your role materially changes.
Questions?
- Not sure of your designation?
Check your profile in the AHIC database or email info@ahic.org - Role changed?
Update your profile in the AHIC database via the member portal and you'll be automatically recategorized. - Need help?
Email info@ahic.org