December 2006 e-Announcement
Affordable Housing Property Management Study Released
Bay Area LISC is pleased to announce the release of our latest study, Against All Odds: The Business of Managing Affordable Housing. This comprehensive survey of affordable housing property managers in the Bay Area covers seventeen management entities with a combined portfolio of over 66,000 units of affordable housing.
The study was undertaken to reveal the common challenges property managers encounter, and 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 study's recommendations or have any questions, please contact Cathy Craig, Senior Program Officer.
Several public and private stakeholders gave significant support to this 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 as a PDF file for free.