Rental Housing: Multifamily Management
Recognizes outstanding innovation in asset management or compliance monitoring practices in affordable rental housing.
Rental Housing entries will be judged on the degree to which they:
- Are innovative
- Are replicable
- Respond to an important state housing need
- Demonstrate measurable benefits to HFA targeted customers
- Have a proven track record of success in the marketplace
- Provide benefits that outweigh costs
- Demonstrate effective use of resources
- Effectively employ partnerships
- Achieve strategic objectives
If you have questions, please email firstname.lastname@example.org or call 202-624-7710.
Illinois Housing Development Authority:
Elevating Asset Management & Enhancing Manager Engagement
IHDA launched a comprehensive approach to owner/manager training and professional development to build expertise and capacity, improve compliance, facilitate peer-to-peer knowledge transfer, and forge stronger connections between IHDA and its stakeholders.
Kentucky Housing Corporation:
Proactive Approach to LIHTC Issues
By instituting a new asset management model for compliance review scoring process and impact reviews with improved communication, the Corporation’s ability to monitor the health of each of our properties has been significantly improved. This model enables the Corporation to make well-informed decisions on funding projects and averting issues before they happen.
Risk-Based Financial Statement Review Process
MassHousing’s Risk Based Financial Statement Review Process enables staff to monitor the financial viability of a development; verify debt service payments to MassHousing; scrutinize payments to owners; assess compliance with contract documents; and, evaluate the sufficiency of cash and reserves. The financial statement review process has been improved while maintaining the Agency’s regulatory role and addressing the challenges of the its changing portfolio.
Rhode Island Housing:
Back to Basics: Compliance Monitoring
Compliance plays an important role in a property’s long-term viability. Property managers/owners and HFA staff require thoughtful guidance and support to navigate the complex world of LIHTC compliance monitoring. RIHousing kicked off the new year with the release of our new LIHTC Compliance Manual. The effort drove policy changes and resulted in new ways of thinking about compliance. We pulled back the “bureaucratic layers” and created a user-friendly and comprehensive guide.