HUD-2018-CPD, May 2000

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.