Multifamily Asset Managers
Our Track Record
MAM, through its affiliates, has provided Section 8 Performance-Based Contract Administration for HUD in Pennsylvania and Michigan in partnership with Pennsylvania Housing Finance Agency (PHFA) and Michigan State Housing Development Authority (MSHDA) for over 1,000 Section 8 contracts of over 80,000 units since 2000. During the last 18 years, MAM’s affiliates have undergone twenty-two (34) successful annual compliance reviews with HUD and four (4) no deficiency audits’ of the PBCA program by the Inspector General’s Office. MAM has helped its clients earn 100% of all base fees and incentive fees with no disincentives. These additional funds have been available for use by State Housing Finance Agencies for continued preservation of affordable housing within their state.
Through its affiliates, MAM provides the services of overseeing the Rent Comparability Studies (RCS) for MSHDA-financed, non-PBCA portfolio since May 2009. MAM’s affiliate was re-awarded the contract in 2010 and 2011.
Since 2000, MAM and its affiliates have provided extensive training to owners, management agents, and HUD staff throughout Michigan and Pennsylvania on the topics of Management Reviews, HUD-9834, Occupancy regulations, contract renewals and rent adjustments. These targeted trainings have resulted in increased owner/agent satisfaction and performance of these core tasks and assisted owners in better complying with HUD requirements.
MAM and its affiliates have developed and used a proprietary integrated comprehensive asset management system to perform the Performance Based Contract Administration tasks. As a result of the system’s capabilities, MAM's affiliates have received all incentives, incurred no disincentives, met all deadlines, and have 22 finding-free reviews.
MAM affiliates provided compliance review and property assessment services for owners/agents in New Jersey and Indiana in preparation for HUD Management and Occupancy Reviews. Through MAM review, training, and recommendations for improved management practices, the owners/agents achieved their goal of obtaining a satisfactory rating on the Management and Occupancy Review. Because of owner/agent satisfaction, MAM’s affiliates were retained to provide follow-up training and management review practice.
MAM acted as a subcontractor to Reznick Group, P.C. in providing consulting and advisory services to HUD’s Office of Public Housing Investments (OPHI) in the structuring, determination, and evaluation of alternative funding sources for several large-scale mixed finance affordable housing redevelopment projects involving leveraged capital funds and LIHTC equity.