more inside... - Home Builders Association of Jackson

Metro
ro Home Builders
A puBlicAtion
Ation
A
tion of tHe Ho
HoMe Builders AssociAtion
Ation
A
tion of JJA
Ackson
Ackson
Spring / Summer 2013
IN THIS ISSUE
Vol 9/ No 1
President’s Message
EO Message
BP Claims
Designer Challenge
Spring Parade of Homes
Best in Show
Healthcare Reform
p3
p4
p 5-6
p 8-13
p 16-17
p 18-19
p 20-21
MORE INSIDE...
Best inShow
104 Ironwood Plantation Boulevard
l
Ironwood Plantation
Calendar of Events
2013 HBAJ Officers
President: Nick Thomas
Vice President: Jeff Salmons
Secretary/Treasurer: Mark Evans, CPB
Builder Vice President: Steven Smith, CPB
Associate Vice President: Marsha Barber
Past President: Paul Graham, CPB
July
16
23
23
25
August
2013 Board of Directors
Jodie Adams
Diane Neyland, CPB
Marsha Barber
Kelli Nicholson, CPB
Brian Burkley
Tom Parry, CPB
Jim Carney
Charles Porter
Trey Copeland
Wade Quin, CPB
Vicki Covatch
Billy Ray
Eddie Duran
Bobby Rayburn
Wilson Eatherly
Joe Robertson
Irvin Ellard
Jeff Salmons
Mark Evans, CPB
Carl Sandberg
Paul Graham, CPB
Scott Shoemaker, CPB
Tripp Harkins
Hollis Shoemaker
Terry Hughes, CPB
David Smith, CPB
Gary Lyles
Steven Smith, CPB
Neal Mashburn
Nick Thomas
J. K. McBrayer, CPB
John Travis, CPB
Shane McLendon, CPB
Rick Werhan
Cheryl Mitchell
Terry Williams
Lee Mitchell
Todd Williams
22
27
28
29
Albert Moore
HBAJ Staff
Executive Vice President: Vicky Bratton
Special Events Director: Brandy Martin
Communications & Education Coordinator: Spence Tribble
Membership Representative: Helene McDonald
Metro Home Builders
Nominating Committee, HBAJ, 3:00-5:00 p.m.
Executive Board Meeting, HBAJ, 3:30-5:00 p.m.
Business After Hours, Kathryn’s, 5:00-6:30 p.m.
Board of Directors Meeting, HBAJ, 11:00-12:00 p.m.
Page 2
HBAJ Draw Down/Fish Fry, HBAJ, 6:00-8:00 p.m.
Executive Board Meeting, HBAJ, 3:30-5:00 p.m.
Skeet Shoot + After Party, Capitol Gun Club
Board of Directors Meeting, HBAJ, 11:00-12:00 p.m.
President’s Message
Optimism is the word for
2013. We, as home builders, ended
last year with increases in permits
and sales, locally and nationally. We
start 2013 with a rising stock market
and lower unemployment. Mortgage
rates are staying at historical lows.
New subdivisions are opening in the
Madison and Rankin County areas.
Home building is on the rise!
expectations. I want to thank our many dedicated older members for
their years of participation.
Our local BuildPac has been able to support several
candidates in this election cycle. Through your donations and vote,
we can create a better business environment for home builders.
Nick Thomas
2013 HBAJ President
As an Association, I am pleased
to report that the optimism continues.
The Home Show had increases in both
sales and attendance. Spring Parade had gains in home listings and
ad sales. For the Association to continue to grow with the home
building industry, we must have your participation. I want to thank
all members who participated in these wonderful promotions. I urge
others to give them a try and reap the benefits from promoting your
business, the Association and the home building industry.
Your Board of Directors and Executive Committee
have seen excellent attendance. They are very involved in the
Association business. We want to remind everyone that your ideas,
opinions or criticisms are important to us. Let us or the HBAJ staff
know what you are thinking! Get involved in Association leadership
or join a committee.
Finally, I want to thank the staff, Vicky, Brandy, Spence,
Helene and Carol, for their tireless work for the Association. They
sure make my job easy. I want to thank you for your confidence and
support in me as your 2013 President. Together, as an Association,
let’s promote confidence and integrity and grow our local home
building industry.
With the economy improving and home sales up, I look
forward to increases in membership. I feel this could be a great
year for growth. I welcome all new members and hope we fill your
Nick Thomas
2013 HBAJ President
Helping Build Communities Throughout Mississippi
for Over 100 Years.
(601) 208-5997
(601) 853-2791
(601) 987-1001
Construction Loans / Mortgage Loans / Bridge Loans
Lot Loans / Development Loans
Member FDIC
Page 3
Metro Home Builders
EO Message
Vicky Bratton
Executive Vice President
Thank you for all your encouragement
and support. The first 6 months 2013ab
(After Bob) has flown by with our large
projects behind us now. Whew! Thanks to
a great staff, I can report that The Home
Show 2013 made our budget numbers and
Spring Parade actually exceeded budget in
revenue. That’s the first time in a couple
of years. The Executive Committee and
Board of Directors have provided a great
support to our staff.
The local government affairs and
BuildPac committees have been busy this year. Financial support
for local candidates has already been decided and distributed. It’s
great to see that our government officials will come to the table and
discuss residential construction. It’s a benefit to all of you if we have
the relationship with locals that can afford you a meeting about a
construction issue. Thanks to Mark Evans, Robert Blackmon, Wade
Quin, Scott Shoemaker, Chris Bond, Bruce Kirkland, Diane Neyland,
Frank Pucylowski, John Praytor, Randy Berg, who have given their
volunteer time to meet and discuss issues that affect all of us.
You have told me and it shows with all our members that
we may actually be out of the troublesome times. We are all in this
together – good, bad and moving forward.
our Membership Committee led by Kevin Kinkade. It’s great to see
some new energy coming on board to get us back to where we need
to be. Thanks to Kevin and the entire committee – John Travis, Rita
Jensen, Bob Roberts, Debbie Williams and Bobby Rayburn.
Spence is constantly working on updating our websites
and making sure all of our special events like the Parade, The Home
Show, etc. are promoted through social websites. He also coordinates
and schedules all of your education with the direction of the
Education Committee – thanks to Uriel Pineda, Trey Copeland, Mike
Rawls, Christian Cowan, Matt Hopkins, Michael Harkins and Tom
Parry.
Spence and Stephanie Cummins are working on building
a new committee – YOPROs – where our younger construction
professionals can network to build relationships within HBAJ.
Brandy keeps our finances in check and creates our financial
reports for all board meetings. She works with our Parade committee
– thanks to Diane Neyland, Kevin Kinkade, Neal Mashburn, Kelli
Nicholson, Steven Smith, Mildred Nelson, Jodie Adams and Lacey
McCombs. She also worked with our home builders to promote 64
homes in Parade. She works tirelessly in coordinating all our HBAJ
events.
Keep in mind that you should receive the benefit of our staff. Use us
to help you in your business. That’s what we are here for!
Helene and Carol are working on membership along with
. " 3 $ ) . 4 5 3 " % & . " 35
8 ) & 3 & # 6 * - % * / ( . & & 5 4 % & 4 * ( /
Metro Home Builders
Page 4
BP CLAIMS have you made yours yet???
If you haven’t heard yet, …. , there was
an oil spill in the Gulf of Mexico, and as a
result of that oil spill, a class-action law suit
was filed, and as a result of that law suit, a
settlement was reached.
How does that affect you? If you live
and work in Mississippi, anywhere in
Mississippi, not just the Gulf Coast (i.e.
Iuka) you are eligible to participate in this
Clyde “Trey” Copeland, III
settlement.
Even if you don’t believe that
Jernigan Copeland & Anderson
the oil spill affected you or your business, in
any way, the fact that you live in Mississippi, according to the Courtapproved settlement documents, means that you were.
In order to determine whether your business qualifies for
compensation, the following two questions must be answered:
(1) Did the business have any three or more consecutive
months between May and December, 2010 in which it suffered a
decline in gross revenue of at least 15% as compared to the same three
or more consecutive months in either 2009; or 2008 and 2009 averaged
together; or 2007, 2008 and 2009 averaged together?
(2) Did the business then have an increase in gross revenue of at least
10% during the same three or more consecutive months in 2011 over
2010?
This analysis is commonly referred to as the “V-Pattern
Revenue Test,” and this test is used to determine causation. If the
answer to both of the above questions is “yes,” then the business
satisfies the V-Pattern Revenue Test. For any business that satisfies
this test, BP will assume that the decrease in revenues suffered between
May and December, 2010 was caused by the oil spill, and the business
will then be entitled to compensation for its lost profits. The following
are examples of this V-Pattern Revenue Test qualification analysis:
Example No. 1: If your average revenue for June, July and
August, 2009 was $100; and your average revenue for June, July and
August, 2010 was $85 (a decline of 15% from 2009); and your average
revenue for June, July and August, 2011 was $93.50 an (increase of
10% over 2010), then you satisfy the V-Pattern Revenue Test.
Example No. 2: If your average revenue for September,
October and November, 2008 was $95; and your average revenue for
September, October and November, 2009 was $105 (for a two year
average of $100); and your average revenue for September, October
and November, 2010 was $85 (a decline of 15% when compared to
the average of 2008 and 2009); and then your average revenue for
September, October and November, 2011 was $93.50 (an increase of
10% over 2010), then you satisfy the V-Pattern Revenue Test.
Example No. 3: If your average revenue for July, August
and September, 2007 was $90; and your average revenue for July,
August and September, 2008 was $100; and your average revenue for
July, August and September, 2009 was $110 (for a three year average
of $100); and your average revenue for July, August and September,
2010 was $85 (a 15% decline when compared to the average of 2007-
2009); and then your average revenue for July, August and September,
2011 was $93.50 (an increase of 10% over 2010), then you satisfy the
V-Pattern Revenue Test.
Once a business satisfies the V-Pattern Revenue Test, the next
step is to determine the amount of compensation which the business
is entitled to receive. The business is entitled to a certain percentage
(at least 125%) of the difference between its Variable Profits for the
months of the Compensation Period and its Variable Profits for the
corresponding months of the Benchmark Period.
Variable Profits are defined as revenue less variable expenses.
The Master Settlement Agreement as approved by the Court specifies
which expenses are considered variable versus fixed.
Compensation Period is any three or more consecutive
months between May and December, 2010 as selected by the business.
When selecting the months of its Compensation Period, the
business can, but is not required to select the same months that it used
to satisfy the V-Pattern Revenue Test.
The Benchmark Period is the pre-spill period of time which
the business uses to satisfy the V-Pattern Revenue Test. In Example
No. 1 above, the Benchmark Period is 2009. In Example No. 2 above,
the Benchmark Period is 2008-2009. In Example No. 3 above, the
Benchmark Period is 2007-2009.
Note: A business is entitled to utilize any Benchmark Period
for which it satisfied the V-Pattern Revenue Test. For instance, if a
business passed the V-Pattern Revenue Test in the manner shown
in all three of the above examples, then it can choose one of three
Benchmark Periods: 2009, 2008-2009, or 2007-2009. If the business
only passed the V-Pattern Revenue Test in the manner shown in Exhibit
No. 1 above, then the only Benchmark Period it can use is 2009. If
a business has more than one Benchmark Period available to it, our
computer program will run the numbers for all available Benchmark
Periods and select the one that maximizes the amount of the claim.
Below is an example of how to determine the amount of a successful
claimant’s compensation:
Monthly Variable Profits (in terms of dollars)
2010
2009
May June July Aug. Sept. Oct. Nov. Dec.
100 125 150 500 500 500 500 500
300 325 350 200 200 200 200 200
In this example, the only three consecutive months in which
the business had a loss of Variable Profits during the Compensation
Period (2010) when compared to the Benchmark Period (2009)
are May, June and July. Variable Profits during those months of
the Compensation Period (2010) are $375, while Variable Profits
during those months of the Benchmark Period (2009) are $975, for
a difference of $600. Therefore, the business would receive at least
125% of $600 as compensation for its lost profits.
Page 5
Continued on page 6
Metro Home Builders
BP CLAIMS cont.
For any business owner who wants to see whether they
qualify for compensation from BP, they need to provide a monthly
profit and loss statements (“P&Ls”) covering the period January,
2007 through December, 2011. If a business does not have those
monthly P&Ls readily available, they need to provide monthly gross
revenue figures covering the period January, 2007 through December,
2011. Once provided with the P&Ls or revenue figures, those can be
analyzed at no cost to the business owner by a qualified professional to
determine whether the business qualifies for compensation.
As crazy as this sounds, it is just that easy. BP has set up a
claims fund that is reaching upwards of $8 Billion to satisfy claims. If
claims exceed this amount, BP will have to pay them, too. The only
hitch is that claims must be made before April 2014.
People ask us all the time whether “its legal”, and it is, it has
been approved by the Courts to operate just the way it does. If you
have any questions about eligibility for making a claim or the process
of the claim, itself, you should contact your attorney and discuss these
matters with him or her. But don’t wait too long, as April 2014 will be
here before you know it.*
Clyde X. Copeland, III*
(601) 427-0048
Specializing in home builder and supplier company issues including
Defect Claims s Liens/Payments s Contracts s Insurance
and Insurance-Related Claims
Home Builders Association of Jackson member since 2004.
587 Highland Colony Parkway
Ridgeland, MS 39158
[email protected]
* Trained Mediator; Admitted in Alabama and Mississippi
Proud to be Cooking at the
Home Builder Golf Outing
APPLIANCE
AUDIO
Metro Home Builders
VIDEO
BEDDING SUPERSTORE
Page 6
HOME BUILDERS ASSOCIATION OF JACKSON
HOME BUILDERS ASSOCIA
ATON OF JACKSON
A
GOLF OUTING
SKEET & TRAP SHOOT
THURSDAY, MAY 31, 2012
WEDNESD
EDNESDA
AY, A
AU
UGUST 28, 2013
COLONIAL COUNTRY CLUB
CAPITOL GUN CLUB
Be sure to mark your calendars for
our only Golf Outing of the year!
Hunting Season is right around the corner...
Start sharpening your shooting skills!
CALL 601.362.6501 TO
SIGN YOUR TEAM UP TODAY!
CALL 601.362.6501 TO
SIGN YOUR TEAM UP TODAY!
HOME BUILDERS ASSOCIATION OF JACKSON
Page 7
Metro Home Builders
DPVSUFTZPG
DPVSUFTZPG
DPVSUFTZPG
DPVSUFTZPG
DPVSUFTZPG
DPVSUFTZPG
DPVSUFTZPG
DPVSUFTZPG
DPVSUFTZPG
DPVSUFTZPG
Oh How HE Loves Us!
PHOTO COURTESY OF PHOTOGRAPHER ANGEL SPEAKS
CasaBella Receives Award For Favorite Living/Family Room at The Home Show 2013
If the living space that was designed at The Home Show
2013 by Alisa Berry is just a taste of the designs she creates, then
you can only imagine what she can do to an entire – “Beautiful
Home” (Casa Bella translation).
Alisa Berry
CasaBella Interiors
and put together well. They loved the picture frames and the fabrics
chosen for the pillows. The room was described as different and
fresh.
“Oh how HE loves us” was
the name of their room inspired for
The Home Show. Alisa shared that
she received an inspiration from a
photo found on Pinterest and then the
color scheme came naturally to her.
The colors selected were hues that
evoked feelings of warmth, happiness
and contentment. Gray and yellow
colors were partnered with carefully
added touches of white, red, green and
turquoise. A harmonious projection
was achieved.
The furnishings were selected for a specific role in the
room including recliners that the audience didn’t realize were
recliners, industrial style metal bookcases for storage and display,
secretary desk for a place to work, Swedish style vintage floor
clock to add a little spunk to the room. Each item was selected to
fit a family’s lifestyle and budget. CasaBella included very unique
pieces to their living space including the chevron patterned rug,
re-purposed dog bed, abstract horse painting and barn door that
created a major pop of color to the room.
Same goes for their retail
location. Alisa Berry created CasaBella
to fill a void in the market. She strives
to offer Design that Defines one’s
personal style, that is as functional as it is
beautiful, a design that is also unique and
affordable.
Congratulations, Alisa! We can’t
wait to see what you come up with next
year!
Alisa Berry, CasaBella Interiors
1139 Old Fannin Road Brandon MS 39047
www.casabellainteriors.net facebook.com/CasaBellaInteriors1st
Comments from the audience include that they loved the
hidden functionality. They loved that the room was fun, colorful
Page 13
Metro Home Builders
2013 SPRING
Winners
BancorpSouth’s Joe Robertson with
Best In Show Winner Lynda Fagan, F & S Builders
Up to $180,000
1st
3rd
2nd
813 Ascham Court
Woodson Bend
Wiseman Home Builders
Chris Wiseman
169 Beechwood Circle
Live Oaks
Kirkland Homes
Carey Pennebaker
114 Harvey Circle
Harvey Crossing
Oluchi Builders and Contractors
Richard Warriner
$181,000 - $220,000
1st
2nd
105 Fieldstone Lane
Fieldstone
Richard Werhan, Inc.
Richard Werhan
113 Hampton Ridge
Hampton Ridge of Caroline
Artisan, LLC
Mark Evans, CPB
3rd
113 Rockbridge Crossing
BruenBurg
Oluchi Builders and Contractors
Richard Warriner
$221,000 - $250,000
1st
142 Amethyst
Gardens of Manship
Belle Maison Construction, LLC
Kelli Nicholson, CPB
2nd
410 Glendale Place
Hidden Hills
Roberts Construction, LLC
Wesley Roberts
Special thanks to the Spring Parade of Homes Corporate Sponsor:
3rd
146 Ashley Park Drive
Ashley Park of Byram
Vintage Home Builders, Inc.
Suzanne Alford
$251,000 - $300,000
1st
3rd
2nd
408 Glendale Place
Hidden Hills
Roberts Construction, LLC
Wesley Roberts
138 Glen Arbor
Glen Arbor
Bryant Homes, LLC
801 Glendale Place
Hidden Hills
Randy Berg Builder, LLC
Randy Berg, CPB, CGP
$301,000 - $380,000
1st
3rd
2nd
4615 Katherine Boulevard
Sherwood Forest
J & N Builders, Inc.
Shannon Hahn
140 Eagle’s Nest Circle
Grayhawk
Rhoden Construction, LLC
Thomas Rhoden
108 Burne Run
Sundown of Caroline
Berkshire Homes
Todd Seymour
$381,000 - $500,000
1st
3rd
2nd
322 Summerville Drive
Charlestowne
Ewing Custom Homes, Inc.
Justin Ewing, CPB
117 Winterbury Drive
Hartford
Pettit Builders, Inc.
Presley Pettit
329 Summerville Drive
Charlestowne
Charlie B. Brock Builder, Inc.
Charlie Brock
Over $500,000
1st
Best in Show
104 Ironwood Plantation Boulevard
Ironwood Plantation
F & S Builders
Lynda Fagan and Johnny Stewart
2nd
2212 Ironwood Plantation Boulevard
Ironwood Plantation
Oakdale Homes, Inc.
Dale Holley
3rd
139 Burne Run
Sundown of Caroline
Patrick Rowland Builder, LLC
Patrick Rowland
Best inShow
104 Ironwood Plantation Boulevard
She’s impressive from the moment you lay your eyes on
her. The antique iron doors with old brick entry archway make a
statement of excellence. Two comfortable wooden benches and
fleur de lis fountain create a comfortable setting for two or four in
the unique front entrance gathering area.
Opening the front solid wood door, you’ll walk onto heart
pine flooring to the family room with first fireplace. Old brick
accents create the mantel. Two brick archways lead to the keeping
room.
This is the first home built by the team of Lynda Fagan and
Johnny Stewart. They are both long time members of the HBAJ.
Both Lynda and Johnny have successful businesses on their own
but decided to pull forces together and the Spring Parade Best in
Show home was born.
Painted white brick, cypress beams, exposed old brick,
customized iron, and natural green accents adorn the exterior.
Covered front porch with cypress accents holds a copper lantern for
a welcome into the front entrance. Looking down, unique stamped
oak leaves were added
from the hearty oak in
the front lawn. Lynda
experiments with raw
materials to create a
unique look for this
home. Iron and wood
decorative art repeats
itself near the front
entrance to match
the style of the front
gathering area.
Metro Home Builders
Next to family room, the dining room opens into an
oversized contemporary bay window. Lynda adds, “It’s the perfect
place to decorate a Christmas tree so you can see it from the street!”
A solid oak chandelier is the lighting source and is as unique as you
can find.
The keeping room off the kitchen holds the second
fireplace. This room is also a cozy side entrance to the home. Brick
archways make a statement of elegance and character.
Page 18
Best inShow
(cont.)
Completely open to the keeping room, wood floors, granite
and an enormous amount of space make this kitchen the heart of
the home. Beige and copper accented granite countertops with bar
stool seating for three, subway tile backsplashes, double ovens and
microwave at perfect height for the female chef.
Glass doors open to the outdoor kitchen, gathering area,
third fireplace and comfortable patio with cypress beams and
panoramic sunset view. Kitchen includes Coyote grill with vent,
oversized farmhouse size sink, granite counters, wood tongue and
groove ceiling, and an insert for a flat screen television over the
fireplace.
Headed back inside, a full storage closet under stairway
makes full use of this floor plan. This area could be easily converted
to a wine cellar.
Master bedroom
is located off keeping
room and is donned with
natural grey walls and split
master bathroom plan. A
full length mirror, large
closet, built-ins, extensive
shelves and drawers
complete his side of the
restroom. Noritz instant
hot water tank is available
for energy efficiency.
Second shared entrance is
available for the massive
shower with travertine
tile, marble countertops.
Her entrance includes a
tub with movable shower
head, vanity with large
mirror, similar extensive built-ins, shelves and drawers. Both
bathrooms include private restroom seating.
Convenience for the second bedroom, a full bath is located
in the hallway. A contemporary clear glass sink with mirrored
cabinets and shower/tub combination give elegance to any visitor’s
stay.
Also on the first floor you will find a large laundry room
with sink, lots of cabinets, two separate counter spaces and location
for extra refrigerator or freezer, 3 car garage with built-ins for
refuse bins and extra large pad for additional parking. A convenient
side door opens direct to the side patio/outdoor kitchen area from
the garage.
One staircase leads to an unfurnished apartment area over
the garage including plumbing for a full bathroom. Second stairs lead
to third and fourth bedrooms, both with large walk-in closets and
adjoining third full bathroom with travertine and glass tile surround
tub/shower combination. Largest bedroom also includes an office
space with its own bathroom which could serve as a nursery suite.
Johnny and Lynda have a successful business together, but
separate job responsibilities by each of their personal talents. Johnny
serves as the construction superintendent by physically managing
the home through subcontractors. Lynda is in charge of the design,
style and character of the home and works closely with Sonya Covey
Interiors for ideas and design collaboration. She also works with
hiring and negotiating prices with
supplier companies to achieve the
best with what their budget will
allow.
Lynda and Johnny agree
that Ironwood Plantation has been
a great development. Lynda adds,
“the amenities that Matt Jensen
(developer) built including the
gunite, saltwater swimming pool
and patio, comprehensive clubhouse
and professional landscaping for
lakes and entrance, really help with
giving benefits to the home buyer.”
Page 19
Metro Home Builders
healthcare reform overvieW
There is a family cap on the flat dollar amount (but not the
percentage of income test) of 300 percent, and the overall penalty
is capped at the national average premium of a bronze level plan
purchases through an exchange. For individuals under 18 years old,
the applicable per person penalty is one-half of the amounts listed
above.
Provided by Alan Tanguay, Mississippi Group Marketing
Healthcare Reform Overview:
What does it mean for individuals and employers?
Individual Mandate Q & A
Beginning in 2017, the penalties will be increased by the cost-ofliving adjustment.
Overview
Beginning in 2014, the Affordable Care Act includes a mandate
for most individuals to have health insurance or potentially pay
a penalty for noncompliance. Individuals will be given financial
assistance to help them pay for the cost of health insurance.
Who will be exempt from the mandate?
Individuals who have a religious exemption, those not lawfully
present in the United States, and incarcerated individuals are
exempt from the minimum essential coverage requirement.
What type of coverage satisfies the individual mandate?
Are there other exceptions to when the penalty may apply?
Minimum essential coverage
Yes. A penalty will not be assessed on individuals who:
What is minimum essential coverage?
Minimum essential coverage is defined as:
• Coverage under certain government-sponsored plans
• Employer-sponsored plans, with respect to any employee
• Plans in the individual market,
• Grandfathered health plans; and
• Any other health benefits coverage, such as a state health benefits
risk pool, as recognized by the HHS Secretary.
1: Cannot afford coverage based on formulas contained to the law
2: Have income below the federal income tax filing threshold
3: Are members of the Indian tribes
4: Were uninsured for short coverage gaps of less than three months
5: Have received a hardship waiver from the secretary, or are
residing outside of the United States, or are bona fide residents of
any possession of the United States
Employer Penalties Q&A
Minimum essential coverage does not include health insurance
coverage consisting of excepted benefits, such as dental-only
coverage.
Employer penalties for not offering coverage or providing
unaffordable coverage to full-time employees:
How does “Minimum Essential Coverage” differ from “Essential
Health Benefits”?
Essential health benefits are required to be offered by certain plans
starting in 2014 as a component of the essential health benefit
package. They are also the benefits that are subject to the annual
and lifetime dollar limit requirements.
This is different than minimum essential coverage, which refers
to the coverage needed to avoid the individual mandate penalty.
Coverage does not have to include essential benefits to be minimum
essential coverage.
What is the penalty for noncompliance?
The penalty is the greater of:
What is a large employer for purposes of these penalties?
• In determining whether an employer is a large employer subject
to these penalties/ the employer must employ 50 or more fulltime equivalent employees during the preceding calendar year.
Therefore/ an employer’s employee population in 2013 will
determine whether it will be subject to the employer
penalties in 2014. The employer aggregation rules set forth in
section 414 of the Internal Revenue Code apply.
• An employer will not be considered to employ more than 50
full-time employees if (a) its workforce exceeds 50 full-time
employees for 120 days or fewer during the calendar year/ and (b)
the employees in excess of 50 employed during the 120-day period
were seasonal workers.
• For 2014, $95 per uninsured person or 1 percent of household
income over the filing threshold.
• For 2015, $325 per uninsured person or 2 percent of household
income over the filing threshold.
• For 2016 and beyond, $695 per uninsured person or 2.5 percent of
household income over the filing threshold.
Metro Home Builders
Page 20
Continued on page 21
healthcare reform overvieW cont.
Who is counted as a full-time employee and a full-time equivalent
employee?
• A full-time employee is one who works an average of at least
30 hours per week. Part-time employees are counted as full-time
equivalent employees. Seasonal workers are excluded unless they
work for an employer for more than 120 days.
• To determine the total number of full-time and full-time equivalent
employees for a particular month for purposes of determining if the
employer is a large employer/ {(the employer must add together (a)
the total number of full-time employees for the month/ plus (b) a
number that is equal to the total number of hours worked in a month
by part-time employees/ divided by 120.
Do these penalties apply to part-time employees?
Part-time employees are counted as full-time equivalent employees
for purposes of determining whether an employer is a large
employer subject to these penalties. However, part-time employees
are not counted for purposes of calculating the actual penalty
amount. An employer will not pay a penalty for any part-time
employee, even if that employee receives subsidized coverage
through an Exchange.
coverage are not eligible to receive subsidized coverage through
an Exchange, However, an employee may qualify for subsidized
coverage through an Exchange if his or her household income is
less than 400 percent of the Federal Poverty Level (currently, that
level is set at $88,200 per year for a family of four and $43,320 for
an individual) and (a) the employer does not pay at least 60 percent
of the allowed costs under the employer-sponsored plan (the
coverage does not provide “minimum” value), or (b) the employee’s
required contribution for coverage exceeds 9.5 percent of the
employee’s household income (the coverage is “unaffordable”].
• The monthly penalty is equal to $3,000 divided by 12, for each
full-time employee receiving subsidized coverage through an
Exchange for the month. However, the penalty will not be greater
than the monthly penalty that would apply if the employer offered
no coverage at all ($2,000 divided by 12, multiplied by the number
of full-time employees employed during the applicable month,
not counting the first 30 full-time employees). Only full-time
employees (not full-time equivalents) are counted for purposes
of calculating the penalty. After 2014, the penalty amount may be
indexed.
What is the penalty for not offering minimum essential coverage?
• Beginning in 2014, if a large employer does not offer minimum
essential coverage to its full-time employees (and their dependents),
the employer will be subject to a monthly penalty if any full-time
employee receives subsidized coverage through an Exchange.
Generally, an employee may qualify for subsidized coverage
through an exchange if his or her household income is less than
400 percent of the Federal Poverty Level (currently, that level is
set at $88,200 per year for a family of four and $43,320 for an
individual).
• The monthly penalty is equal to $2,000 divided by 12, multiplied
by the number of full-time employees employed during the
applicable month, not counting the first 30 full-time employees.
Only full-time employees (not full-time equivalents) are counted for
purposes of calculating the penalty. After 2014, the penalty amount
may be indexed.
What is the penalty for providing minimum essential coverage
that is not affordable?
• If a large employer offers its full-time employees ( and their
dependents) the opportunity to enroll in coverage, the employer
will be subject to a penalty if the employer-sponsored coverage
does not provide “minimum value” or is “unaffordable” and one or
more full-time employees receive subsidized coverage through an
Exchange.
• Generally, employees who are eligible for employer-sponsored
Page 21
Metro Home Builders
T h e h o m e S h o w 2013 BooTH AWARDS
Best of Show - Acadian Interiors
Best 1st Time Exhibitor - ASID (American Society of Interior Designers)
Best Visual Design - Ambiance Landscape, LLC
Best Technical Design - Chief Purification
LEE MITCHELL, farewell & good luck
HBAJ OFFICE buildout
Congratulations to Lee Mitchell
on his new position with Trustmark
Bank in Mobile, Alabama. Lee will
be the Executive Vice President,
managing the real estate portfolio
covering the South Alabama market. It
is no surprise that Lee has been given
this opportunity of advancement due
to his hard work and dedication for
Trustmark and their customers.
Earlier this month Shane
McLendon, owner of Home
Remedies, LLC, spent some extra
time at the HBAJ Office outside
of his normal, monthly Board
of Directors meeting. Shane is
responsible for the recent office
buildout for the wing rented
by Solve Design Studio. The
buildout involved knocking out
a wall that separated two offices
and combining them into one
space for Solve.
We certainly hate to see
Lee move to Alabama, as he is a leader for the Home Builders
Association serving as the Associate Vice President. Lee has been
an outstanding member nationally, statewide and locally. The
association has certainly benefited from his talents and commitment
to growing the organization.
Please keep Lee, Clancy and the kids in your prayers for a
smooth transition. Jackson has been home for Lee since college, and
with this promotion will also bring the challenge of moving a family.
There is no doubt that Lee will find success in Alabama, and we wish
Lee the very best. Marvin Freeman will be taking Lee’s place as
Senior Vice President of Trustmark National Bank in Jackson.
Metro Home Builders
Page 22
Home Remedies, LLC
specializes in custom kitchens,
bathrooms, and whole-house
remodels. You can contact Shane
at the following:
(601) 720-3785 or [email protected]
Thanks Shane!
Build It. Bridge It. Buy It.
Whatever Type of Loan You Need,
We’re Right Where You Are.
Bridge loans ... Equity Credit loans ... Construction and Mortgage Lending. Building a home
can be complicated. But it doesn’t have to be. The people at BancorpSouth provide
excellent service and competitive rates along with local decision making, closing and
servicing of loans. We’re Right Where You Are...
To Find the Nearest Jackson
Area Location, Call:
601-354-4500
Infoline: 1-888-797-7711
2013 FOUNDATION SPONSORS
What does it mean to be a foundation sponsor? A SOLID FOUNDATION….of support!
Home Builders Association of Jackson members should
take notice of 4 special companies that have committed to being
Foundation Sponsors for 2013. They have many things in common:
the understanding of marketing their companies, involvement and
active participation in their industry, successful attitudes, and strong
company support for the home building industry, among many
others. It’s not a surprise that these companies have been supporters
of HBAJ not just this year but for many years.
Atmos Energy is a huge supporter of the Parade of Homes
and encourages their many members to be involved in committees
and to attend HBAJ events. Marsha Barber shares her wisdom with
the HBAJ staff on specific projects as well as brainstorming ideas
for the future. Atmos brings many talented employees as members
including Neal Mashburn, Bob Kerley, Chip Shotts, Willie
Alexander and Mildred Nelson. They build solid relationships with
our members.
BancorpSouth has given HBAJ several active members
as well as financial contributions for many years. Joe Robertson
has served on the Board for countless years and also served as
Associate Vice President. Pam Hart, Andy Barksdale, Cynthia
Thomas, Clyde Guyse, Robert Quarles, and Kim Jent (Insurance
Services) have served on many committees and actively attend
events throughout the year. Joe Robertson keeps a watchful
eye to make sure Associate members are represented within the
Association.
HouseWorks – Jeff Salmons and Bob Dodson have
been members for years as Jeff has used each year to increase
his participation. Jeff currently serves as the Vice President on
the Executive Committee. HouseWorks includes HBAJ in their
marketing efforts to increase builder referrals for remodel projects
and homeowner remodel projects. HouseWorks has grown
their business to be Insurance Restoration Specialists, working
closely with all insurance companies to provide fire, water and
wind damaged home owners with one-stop-shop solutions. They
have locations that serve customers in the metropolitan Jackson,
Starkville and Meridian areas.
Trustmark – Kevin Kinkade, Marvin Freeman, Jeannie
Barrier, Stephen George, Breck Tyler, Kevin Stringer as well as
other principal members including George Gunn, have supported
the Association with their volunteerism as well as financial
commitments. The Association would not be the same without the
support of Trustmark.
The signage created for our Foundation Sponsors has a
saying at the bottom that reads, “The association is made up of
our members, the Foundation is built by our sponsors.” Without
the physical and financial support of these outstanding companies,
HBAJ would not be as strong as it is today.
Property Restoration from Fire, Water and Wind Damage
Where Privacy and Serenity Come Together ...
MADISONVILLE ESTATES Hurry! Buy your favorite lot now!
Only 2 Lakefront Lots Left!
t&RVFTUSJBO$PNNVOJUZ
t.BEJTPO4DIPPMT
t"DSF-PUT
t$PVOUSZ-JWJOHPOMZNJOVUFT
GSPNUIFDJUZPG.BEJTPO
M CINTOSH & ASSOCIATES REALTORS LLC
Rita McIntosh 601.607.7272
Rhonda Burnett 601.291.2706
Metro Home Builders
madisonvilleestates.net
Page 24
ACT PROPERTIES
Clarke & Beth Thomas
Member Spotlights
BILLY RAY RECEIVES NATIONAL
BOARD POSITION...
After a performance review with
Stanley Mangum, it was agreed that Billy
Ray had potential to be more involved
in the construction industry. Since that
review, Billy has focused his efforts in
the residential construction industry and
Billy Ray
specifically, Home Builders Association
MMC Materials, Inc.
of Jackson. Johnny Toler, veteran with
the Association, was instrumental in giving Billy helpful pointers
on events and committee information. Billy took that information
and has recently been appointed to the Board of Directors and
most recently, has been appointed to the Board of Directors at the
national level.
The first Board Meeting took place in Washington, DC, in
June 2013. He has been overwhelmed with the large scale operation
of the National Association of Home Builders. He attended a
region reception with a few people from the state of Mississippi
and represented MMC and HBAJ well. He also attended the Home
Builders Association of Mississippi convention where he and fellow
employees, Micheal Harkins and Johnny Toler, networked with
home building professionals throughout the state.
Billy appreciates the confidence that Stanley and MMC
have in him and he adds, “You can buy concrete just about
anywhere but the difference that I’ve learned at MMC is that
you sell on relationships. And you want to be everyone’s ‘Go
To’ person. It has been helpful to get involved to be part of the
construction community and you can go over and above by being
someone’s problem solver.”
STEPHANIE PALMER CUMMINS
RECEIVES “30 UNDER 30”
AWARD FROM THE NATIONAL
ASSOCIATION OF REALTORS®
Stephanie Cummins
Front Gate Realty
Stephanie Cummins recently became
an honoree to the National Association
Realtors® 2013’s “30 Under 30” class.
Each May/June, REALTOR® Magazine,
the official magazine of the National
Association of Realtors®, features 30 rising young stars in the
real estate industry. In determining who makes the 30 Under 30
list, REALTOR® Magazine staff looks for candidates who are
successful in the real estate business and have demonstrated skill,
success, creativity, and leadership in their careers.
Stephanie tells REALTOR® Magazine, “My biggest
challenge has been overcoming a large number of competitors.
I mostly work with first-time buyers, and many new agents also
start out working this market. I have had to come up with new
and creative ways, as well as some grassroots efforts, to promote
myself. Some of the things I’ve done are going door-to-door and
meeting people in the neighborhoods I work. Being a valuable
resource for homeowner associations has also helped me build
strong relationships. These initiatives have helped me become the
No. 1 agent where I farm.”
Stephanie is co-owner of Front Gate Realty in Ridgeland.
She has been an HBAJ members since 2007 and has served on the
Board of Directors and was Chair of the Membership Committee.
Congratulations Stephanie!
With the increase of MMC aggregate products, Billy sees
increases in construction entrances and roads in developments. He
shares that he wants to help increase business for MMC and wants
to learn everything he can about concrete and construction from
other markets in the country.
“I want to prove to all that MMC is the biggest and the
best company,” Billy adds. “I want to make MMC proud by
representing them. They are my family.”
0$50#&3
QBSBEFPGIPNFTKBDLTPODPN
Page 25
Metro Home Builders
SIGN YOUR TEAM UP TODAY!
HOME BUILDERS ASSOCIATION OF JACKSON
FISH FRY &
DRAW DOWN
THURSDAY, AUGUST 22, 2013
HBAJ BUILDING
6:00 - 8:00 p.m.
Before
(601) 720-3785
Metro Home Builders
After
Page 26
Join us for all the catfish you can
eat and get the chance to win cash
with your purchase of a
Draw Down ticket!
SIGN
HBAJ Gold Key Club
84 Lumber · Atmos Energy · BancorpSouth · BankFirst · BankPlus
· BCAM · Bonded Builders Home Warranty · Builders Marble
· Capitol Building Products · Climate Masters · Coburn’s Supply
· Constress, Inc. · Cowboy Maloney’s Electric City · Design
Studio · Elcon Electrical Contractors · Ferguson Bath, Kitchen &
Lighting Gallery · Frierson-Bailey Lumber & Supply · H.D. Lang &
Associates · HouseWorks · Hub International · Jackson Ready Mix ·
Lakeside Moulding · Magnolia State Bank · McGraw Rental · MMC
Materials · MS Housing Institute · MS Roofing Supply · MS Valley
Title Insurance Co. · MSI · Old South Brick & Supply · Persnickety
Kitchens · Polk Decorative Center · Prassel Lumber Co. · Prosource
Wholesale Floors · RE/MAX Alliance · Sherwin Williams · Simple
Stone Solutions · Southern Bath & Kitchen · Sutherland Electric ·
Maste r pi e c e s
Ma d e He r e
The Clarion-Ledger · Trustmark National Bank
Experience a gallery where you are the artist.
Where you can see, touch, and feel your home
the way you want it, right now. All the latest
appliances. Gorgeous sinks and faucets.
Brilliant lighting. Plus, the product
expertise that makes it easy to
turn your vision into reality.
FERGUSON.COM
Jackson
950 West County Line Rd
(601) 956-2646
©2013 Ferguson Enterprises, Inc.
Page 27
Metro Home Builders
PRESORTED
STANDARD
U. S. POSTAGE PAID
JACKSON, MS
PERMIT NO. 693
P. O. Box 1860, Ridgeland, MS 39158
Life’s Good
Offering LG Studio and other fine appliances.
Visit Debbie Williams and Holly Whittington for your customer service needs.
Southern Bath & Kitchen

LeFleur’s Gallery
4800 I-55 North, Ste. 16A

Jackson, MS 39211
www.southernbathandkitchen.com

A Division of Southern Pipe & Supply Co., Inc.

601.982.7176