WASHINGTON, D.C. – (RealEstateRama) — Housing Development Center is pleased to announce receipt of a major new funding commitment from Meyer Memorial Trust. The $109,400 award will support Housing Development Center’s work to develop and deliver Building Holistic Asset Management Solutions (BHAMS), a new program to build the capacity of affordable-housing owners to manage their properties’ financial and physical health.
BHAMS responds to widely expressed needs for ongoing training and technical support in an area of practice affected by frequently high levels of staff turnover; and for better opportunities to involve staff at all organizational levels in strategic goal-setting related to asset management.
The funding award represents Meyer Memorial Trust’s ongoing commitment to supporting best practices and innovative strategies in affordable-housing asset management and preservation, and it builds on past partnerships with Housing Development Center. (These partnerships include Sustaining Portfolios Strategy, an ongoing three-year effort aimed at improving the long-term financial health of more than 10,000 affordable-housing units owned by 19 organizations in Oregon.)
With this award, Housing Development Center’s Asset Management & Initiatives team will develop the BHAMS program, identify up to six participating organizations, and deliver the program, free of charge, to those organizations. Priority will be given to organizations that serve predominantly rural areas, serve communities of color, or meet other criteria, such as having recently hired an asset manager.
Housing Development Center will launch the program in 2018 and will release more information, including details about how to apply, as it becomes available.
For more information about BHAMS, please contact Emily Schelling, Director of Asset Management & Initiatives, at .