Multifamily Asset Managers
HUD Multifamily Asset Management
MAM has experience performing the following Asset Management Services for HUD, state housing finance agencies, public housing authorities and other governmental agencies including but not limited to:
• Initial project reviews and evaluations of property and/or portfolio risk.
• Conducting and producing management reviews using a system designed by a MAM affiliate that automates HUD MOR rating system and Questionnaire allowing production of standardized reports and letters. Voucher Corrections and Owner follow-up are also tracked.
• Monitoring physical inspection follow-up using an automated system designed by a MAM affiliate that tracks and monitors compliance to REAC inspections. All documents are scanned and indexed.
• Review of budgets, monthly accounting reports and annual audited financial statements through use of an automated system designed by a MAM affiliate.
• Analysis and ongoing guidance on workout agreements
• Review of Transfer of Physical Assets (TPA)
• Review of Management Improvement and Operating Plans
• Recommending and assisting in the resolution or prevention of enforcement actions.
• Compliance reviews of all aspects of property management per HUD and other requirements.
MAM has additional experience in:
• Working with owners/agents to improve the financial position of multifamily projects and enhance property value through vacancy reduction, improvement in collections, and reduction in operating expenses.
• Establishing both a portfolio and project specific approach to asset management based on client's needs through the use of an automated project management system designed by a MAM affiliate. This is explained in greater detail under the What Our System Does Section.
• Developing a plan to maximize the return and value to our clients, and minimize their losses by successfully identifying problems, risks and opportunities for the clients.
• Assisting owners/agents in establishing policies and procedures to assist them in complying with HUD, Treasury, and other pertinent governmental regulations.