The
successful development of affordable rental housing is quite a challenge,
and quite a thrill.
The satisfaction of the ribbon-cutting is exceeded only by the excitement
of the grand opening.
However, operating the property successfully over time is even more
challenging.
Operational success requires competent development and realistic
underwriting, but even the most expertly developed property requires
competent, committed, and expert operators as well.
"Asset
Management: Strategies for the Successful Operation of Affordable
Rental Housing" addresses operations issues in affordable rental
housing, particularly as they impact the feasibility, underwriting,
and financing processes.
The model is intended to assist participating jurisdictions and
affordable housing developers to create sustainable properties that
will meet the needs of residents and communities, enhance community
development, and remain physically viable, financially viable, and
affordable over time, in accordance with the sponsor's goals.
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