HDC is a leader in developing asset management capacity within the nonprofit community. Our mission is to support the efforts of other nonprofits to successfully develop and own affordable housing. HDC has helped the nonprofit affordable housing industry redefine success to consist of not only the development of units, but also the long term ownership of those units. The goals of successful ownership include:

    Successful residents (access to affordable housing and appropriate services)
    Viable and well-managed housing
    Strong and competent owner organizations

Asset management is a critical component to achieving these goals. However, asset management is also a relatively new arena for most affordable housing developers. Many nonprofit developers in the Portland area recognize that they need assistance to grow their asset management capacity. HDC’s asset management efforts provide that missing expertise. Our goal is to help our community assure a long-term future for housing for populations that cannot be served adequately in the private market. HDC uses three primary channels to promote the growth of asset management expertise in the nonprofit affordable housing community:

	Restructuring of Non-performing Properties: This work, completed on both specific properties and across portfolios, has included a) identifying and helping to implement changes to property or asset management, b) revising the current financial debt structure and/or securing additional financing, and c) completing rehabilitation work;
	Direct Technical Assistance to Nonprofits: HDC helps nonprofits develop systems to manage their housing portfolios and also trains staff and boards in the skills needed to do this work. HDC sometimes links clients with other organizations who provide more general organizational TA such as improving financial systems and strategic planning; and
	Industry Support: This work falls into three primary activity areas: a) work with Community Development Network (CDN) to support the nonprofit housing community around the area of asset management (such as technical support for the CDN Property and Asset Management Working Group “PAMWG” and development of shared tools such as compliance charts and replacement reserve models), b) participation in planning and presentations in local asset management trainings, and c) participation in local and state policy and program development work related to asset management.

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Materials from HDC Asset Management Trainings can be found here.

LIHTC Year 15 Work Group report information can be found here.

The Risk Mitigation Pool: For all policies and forms related to the RMP, please click here to access the RMP information page.