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Related Topics Organizing for CompliancePerformance TrackingYear 15
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Against All Odds: The Business of Managing Affordable Housing
Wed, Dec 13, 2006; by Cathy Craig.
Against All Odds: The Business of Managing Affordable Housing is a comprehensive survey of property managers of affordable housing in the Bay Area, covering seventeen management entities with a combined portfolio of over 66,000 units of affordable housing. Bay Area LISC undertook the study to help bring to light the common challenges property managers encounter. The scope of the survey covered a wide range of topics including financial issues, reporting and compliance, organizational design, leasing challenges, best practices, and the potential for pooled activities. The survey found several key challenges affecting nearly all property managers who took part, notably the acute financial challenges of managing smaller affordable housing properties (those with fewer than 50 units) and the significant demand of meeting regulatory and compliance reporting standards for various funding agencies. If you would like to be involved in pursuing the recommendations of the study or have any questions, please contact Cathy Craig, Senior Program Officer, at ccraig@lisc.org.
Several public and private stakeholders gave significant support to the study. We wish to thank the following organizations for making the study possible:
- California Tax Credit Allocation Committee
- City of Oakland
- City of San Jose
- Gubb & Barshay
- Merritt Community Capital
- National Equity Fund
- The John Stewart Company
Copies of "Against All Odds" can be ordered from Bay Area LISC for $5 each or downloaded free as PDF files here.
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