Compliance And Asset Management Group
The Compliance and Asset Management (CAM) Group is responsible for monitoring all multifamily developments financed by the District of Columbia Housing Finance Agency (DCHFA). The CAM Group’s main objective is to preserve and enhance the value of DCHFA financed assets and ensure safe, clean, quality housing standards.
Each project in the portfolio is monitored by an Asset Manager, to ensure compliance with DCHFA Requirements, Regulatory Agreements, Low-Income Housing Tax Credit (LIHTC) regulations, and Federal Housing Administration (FHA)/ Housing and Urban Development (HUD) requirements. The monitoring process is designed to provide long term, quality affordable housing to residents throughout the life of the project. In addition, it is designed to protect the Agency's assets and bondholders' investment in DCHFA bonds.
DCHFA’s multifamily portfolio consisted of approximately 22,000 units in 168 projects located throughout the District of Columbia and included in every Ward of the city. The portfolio is comprised of Section 8 and other HUD insured projects along with Low Income Housing Tax Credit (LIHTC) projects.
DCHFA Interactions with Other Agencies
- The District of Columbia Department of Housing and Community Development (DHCD) allocates 9% and 4% Low Income Housing Tax Credits (LIHTC).
- 4% LIHTCs are only available in conjunction with the issuance of an affordable housing bond deal.
- LIHTCs and bonds have some compliance requirements that overlap (e.g. income requirements)
- The District of Columbia Housing Authority (DCHA) provides funding for public housing and project-based rent vouchers; these DCHA funding sources are sometimes used in bond-financed projects.
Compliance and Asset Management Spring Conference
More information coming soon.
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