Multifamily Asset Managers
MAM, a subsidiary of Du & Associates, Inc., brings a team of professionals with very strong backgrounds and extensive experience in all aspects of HUD assisted housing. In particular, its key principals and staff have direct hands-on experience in performing the PBCA functions for HUD, using HUD guidelines and procedures. MAM has been and is currently performing PBCA functions for the states of Pennsylvania and Michigan.
MAM, operating as the Pennsylvania Multifamily Asset Mangers (PMAM), a private sector partner of Pennsylvania Housing Finance Agency (PHFA) in the state of Pennsylvania specifically under the PBCA program, has been responsible for the implementation of all asset management core tasks under HUD’s PBCA ACC with PHFA. PMAM is currently responsible for the PBCA core tasks for 627 contracts, and 50,527 units. Since this contract began in December of 2000, PMAM and PHFA has not had findings in any of their HUD annual compliance reviews. PMAM has earned every possible incentive with no disincentives since the program began.
MAM, operating as Michigan Multifamily Asset Managers (MMAM), through its partnership with the Michigan State Housing Development Authority (MSHDA), was the first private sector partner in the country to work with HUD in designing the implementation of the PBCA program. MMAM is currently responsible for the PBCA core tasks for 417 contracts, and 35,468 units. Since this contract began in June of 2000, MMAM and MSHDA has not had findings in any of their HUD annual compliance reviews. MMAM has earned every possible incentive with no disincentives since the program began.
Du & Associates, Inc., is a minority woman owned professional consulting firm providing asset management, underwriting, legislative and other consulting services to the affordable housing industry. The firm brings extensive HUD asset management experience and has provided services to housing authorities and housing finance agencies across the nation.
MAM is located just outside of Washington, DC in Bethesda, Maryland. Its' affiliate offices are located in Lansing, Michigan and Pittsburgh, Pennsylvania.
Its staff, along with its joint ventures, PMAM and MMAM, consists of 45 capable and qualified staff including former HUD multifamily managers and attorneys, certified public accountants, and other experienced asset management staff.
MAM maintains a database of consultants with other expertise who are on call to assist MAM in carrying out its services.